Accounting Specialist - Wholesale Business

du; Dubai; On-site; AED 60,000 - 80,000; Full time

Job summary

A leading company in the telecommunications sector is seeking an experienced accounting professional to manage financial operations. This role involves validating invoices, reconciling revenue, and ensuring compliance with accounting standards. The ideal candidate will have a strong background in financial processes and advanced Excel skills, contributing to the optimization of procurement-to-payment processes.

Qualifications

• Minimum 3 years of experience in accounting, especially in revenue recognition.
• Advanced proficiency in Microsoft Excel required.

Responsibilities

• Manage end-to-end validation, booking, and processing of invoices.
• Reconcile vendor statements and maintain accurate payable balances.

Skills

Financial processes

Accounts payable

Data analysis

Attention to details

Communication

Education

Bachelor Degree in Accounting or Finance

ACCA/ Partly or fully Qualified CA

Tools

Microsoft Excel

Oracle

ASCADA

Job description

The purpose of this position is to ensure timely and accurate financial operations by managing the end-to-end validation, booking, and processing of supplier and customer invoices. This role is responsible for coordinating invoice settlements in alignment with internal stakeholders, suppliers, and the Accounts Payable team. It also contributes to optimizing procurement-to-payment processes by identifying and implementing best practices. Additional responsibilities include reconciling vendor statements, maintaining accurate payable balances, resolving discrepancies, recording and applying customer payments, reconciling revenue against billing and contracts, and ensuring VAT compliance.

Key Accountabilities

• Validation and settlement of invoices accurately & timely. Raise disputes, manage dispute tracker, ensuring old aged items are settled as per KPIs and coordinating with relevant business unit, supplier and accounts payable team for timely payment.
• Review and validate contracts with customers and suppliers from finance perspective.
• Support and implement end-2-end process from “Procurement to pay” keeping the final process implementation in mind ensuring best possible level of automation.
• Reconcile and recorded revenue against billing records, sales data, and customer contracts to identify and resolve discrepancies.
• Application of receipts received from customers.
• Compile and analyze financial data to generate month end accrual entries, allocate revenue and costs across departments or projects, and provide comprehensive settlement information for financial reporting and decision-making.
• Generate required reporting/analysis as per requests from the Management/ Business units.
• Preparation and analysis for various monthly reports for management.

Qualifications:

• Bachelor Degree in Accounting or Finance, ACCA/ Partly or fully Qualified CA.

Experience:

• Minimum 3 years of experience in accounting specifically in revenue recognition, cost booking, and invoicing handling.
• Advanced proficiency in Microsoft Excel, including the ability to create and summarize financial reports is must.
• Knowledge of basic accounting standard (IFRS) and other relevant principles for recognizing revenue and cost based on the contract.
• Excellent understanding of accounting terms like deferred revenue and cost, accruals and cost of sales (COS) accounting.
• Hands-on experience with ERP systems like Oracle, ASCADE or similar accounting software.
• Ability to perform basic financial analysis, identify trends, discrepancies and areas for improvement in cost and revenue booking.
• High level of accuracy and precision in booking revenues, recording costs, and recording and issuing invoices to ensure financial integrity.
• Ability to manage multiple tasks and meet deadlines, especially during month-end, quarter-end, and year-end closing periods.
• Strong problem-solving skills to resolve discrepancies in revenue recognition, billing issues, and cost allocation efficiently.
• Telecom accounting experience is preferred, though not essential

Skills:

• Expertise in Financial processes, Accounts payable, GL, accruals, Revenue.
• Skills in performing dataanalysis through Excel as well as building simple to advanced financial models for reporting.
• Attention to details. Strong ability to analyze revenue and cost trends, identify discrepancies, and provide insights for better financial decision-making
• Skills in reconciling vendor statements, customer invoices, and internal records to ensure the accuracy of both payables and receivables.
• Ability to identify inefficiencies within the revenue and cost booking processes and recommend improvements for better operational efficiency
• Strong communication skills for liaising with cross-functional teams (e.g., customers, legal, finance) and addressing any issues related to invoicing or cost allocation
• Ability to manage multiple tasks and meet deadlines, particularly during month-end, quarter-end, and year-end closing periods.