General Ledger Accountant

Venus Business Solutions; United Arab Emirates; On-site; AED 120,000 - 200,000; Full time

Job summary

A financial outsourcing firm in the UAE seeks a qualified General Ledger Accountant to manage the General Ledger function. The role involves overseeing financial transactions, ensuring compliance with IFRS and IPSAS standards, and preparing financial statements. Candidates should have a bachelor's degree in accounting and a minimum of 3 years of experience in managing General Ledger functions.

Qualifications

• Minimum 3 years of post-qualification experience managing General Ledger functions.
• Well-versed in IFRS standards across all areas of financial reporting.
• Basic knowledge of IPSAS relating to revenue, provisions, and fixed assets.

Responsibilities

• Manage the General Ledger function and ensure timely posting of all journal entries.
• Oversee month-end and year-end closing processes.
• Prepare financial statements in accordance with IFRS.

Skills

Proficiency in Oracle-based GRP systems

Strong reconciliation skills

Excellent analytical skills

Attention to detail

Education

Bachelor’s degree in Accounting or Finance

Qualified member of a recognized professional accounting body

Tools

Oracle ERP

Job description

Position: General Ledger Accountant
Location: Onsite (Outsourced Function - Public Sector)
Software Environment: Oracle

Responsibilities

• Independently manage the General Ledger function, ensuring accurate and timely posting of all journal entries, adjustments, accruals, and allocations across multiple modules (AR, AP, Fixed Assets, Payroll, etc.).
• Oversee the complete month-end, quarter-end, and year-end closing process, ensuring all financial transactions are properly captured, reconciled, and reported in compliance with IFRS and IPSAS.
• Maintain the chart of accounts in line with government entity requirements and IPSAS-compliant reporting structures, ensuring consistent classification of assets, liabilities, equity, income, and expenses.
• Perform periodic reconciliations between sub-ledgers (AP, AR, Fixed Assets, Payroll, Inventory) and the GL, investigating variances and ensuring integrity of balances.
• Apply strong working knowledge of IFRS across all aspects of GL management.
• Apply basic knowledge of IPSAS to support government sector reporting, particularly - IPSAS 9 & 23 (Revenue recognition), IPSAS 17 (Property, Plant, and Equipment),IPSAS 19 (Provisions, Contingent Liabilities, and Contingent Assets),IPSAS 33 (First-time Adoption of Accrual Basis IPSASs).
• Prepare trial balances, financial statements, and supporting schedules in accordance with IFRS, ensuring alignment with IPSAS disclosures and compliance with government reporting requirements.
• Manage fixed asset accounting through proper capitalization, depreciation, impairment testing, and reconciliation of the fixed asset register with GL balances.
• Ensure proper accounting for provisions and accruals, including year-end expense accruals, employee benefits, supplier obligations, and contingent liabilities, applying IAS 37 and IPSAS 19 principles.
• Support external and internal audits by preparing GL reconciliations, working papers, variance analyses, and detailed explanations of accounting treatments applied.
• Implement and monitor internal controls around journal entry approvals, GL integrity, and closing processes, ensuring compliance with government financial control policies.
• Assist in the first-time adoption of IPSAS (IPSAS 33) by preparing opening balances, documenting adjustments from previous accounting frameworks, and ensuring GL is fully aligned to accrual-based IPSAS reporting.
• Collaborate with Accounts Receivable, Accounts Payable, Payroll, and Budgeting teams to ensure smooth financial operations and consistency across all financial records.
• Provide analytical insights to management, including variance analysis, trend reporting, cash flow support, and explanations of GL movements impacting financial performance.
• Continuously update and enhance knowledge of IFRS and IPSAS, ensuring compliance with evolving standards and advising management on accounting implications of new policies or transactions.

Requirements

1. Bachelor’s degree in Accounting, Finance, or related field.
2. Qualified member of a recognized professional accounting body
3. Minimum 3 years of post-qualification experience managing General Ledger functions, preferably in government or large organizations.
4. Well-versed in IFRS standards across all areas of financial reporting, with ability to apply IFRS principles to complex transactions.
5. Basic knowledge of IPSAS relating to revenue, provisions, fixed assets, and first-time adoption (IPSAS 33).
6. Proficiency in Oracle-based GRP systems or equivalent ERP.
7. Strong reconciliation, reporting, and financial statement preparation skills.
8. Ability to work independently with minimal supervision and deliver results within strict deadlines.
9. Excellent analytical skills, attention to detail, and understanding of internal controls.