Finance Officer

IDS; Dubai; On-site; AED 120,000 - 180,000; Full time

Job summary

IDS in Dubai, United Arab Emirates, seeks an experienced accountant to manage end-to-end accounting, including balance sheets, P&L, and cash flows. The role requires timely month-end closings, journal postings, and strong liaison with auditors.

You will handle VAT filing, budgeting, cash planning, and bank reconciliations while maintaining ledgers and ensuring regulatory compliance. UAE experience is preferred.

Qualifications

• Professional accounting knowledge and experience in month-end close processes.
• Ability to reconcile accounts, prepare financial reports, and support audits.
• Familiarity with VAT filings and regulatory compliance in UAE.
• Strong communication and teamwork to coordinate with suppliers and internal stakeholders.

Responsibilities

• Independently handling of accounts up to finalization including Balance sheets, P&L, Cash flow statements.
• Ensure timely month closing activities and posting of journals.
• Collaborate with auditors for year-end audits and resolve discrepancies.
• Support VAT return filing, budgets, and forecasts.
• Maintain and reconcile supplier and customer ledgers and prepare monthly reports.
• Prepare invoices, discounting with banks, and manage cash and bank reconciliations.

Skills

Accounts Payable

Accounts Receivable

Month-end Close

VAT Filing

Bank Reconciliation

Financial Reporting

General Ledger

Education

Bachelor's Degree in Accounting

Tools

SAP

Oracle Financials

Job description

Independently handling of accounts up to finalization, such as Preparation of Balance sheets, Profit & Loss Account, Cash flow statements and monitoring all schedules related thereon. The work mainly includes follow up of accounts receivables (supplier on account) in coordination with supplier, arrangement of statements, handling of customer correspondences, Bank Correspondences, submission of monthly receivable report to Chief Finance Officer.

• Provides financial information to management by researching and analyzing accounting data, preparing reports.

• Ensuring completeness of month closing activities strictly within deadlines including but not limited to allocation and posting of expenses and revenue, posting of journal entries including month-end adjustments

• Collaborate with the auditors for the completion of financial year end audits.

• Investigating and resolving audit findings, account discrepancies, and issues of non-compliance.

• Daily Bank Report

• Supporting VAT return filing, budgets, and forecasting processes

• Responsible for maintaining and preparing prepayment and accrual schedules, respective JVs, and adjustments

• Reconciliation of E Dirhams Account and Other Immigration Account Like “Noqodi”

• Preparing Invoice Discounting with the banks

• Preparation of Claim from the Insurance Company (WMC, Marine and Property All Risk)

• Take Care of All Utilities (Dewa, Etisalat and Etc..)

• Booking of all insurance expense including (Medical, Vehicle, PAR etc...) Car Rental, Salik Petrol, Building Maintenance, Store Expenses, Labor and Immigration Expense and Etc….

• Maintain supplier on account receivables that includes reconciliation of supplier accounts, raising debit notes, follow up of overseas commission, purchase discounts, bonus compensation, samples, institutional sales etc.

• Required to pass day to day accounting entries to keep updated financial information’s and to maintain and scrutinize ledgers

• Accounts payable/receivable follow-up and processing

• Preparing of Monthly Non-Recoverable Vat

• Weekly and Monthly Cash Flow Reports

• Proper management of cash, booking of Invoice and disbursement of cash, ensure the cash has been closed daily.