Senior Accountant

Al Majed Oud.co; Dubai; On-site; AED 180,000 - 240,000; Full time

Job summary

Al Majed for Oud seeks an experienced accounting professional to manage daily transactions, close periods, and deliver accurate financial reporting in a multi-branch retail environment.

Responsibilities include GL, reconciliations, VAT/compliance, and collaboration with Sales, Procurement, HR, and Operations. Proficiency in IFRS and Dynamics is preferred; Arabic and English fluency is required.

Qualifications

• Bachelor's degree in accounting/Finance required.
• Professional accounting qualifications (ACCA/CPA/CMA) are a plus.
• Minimum 5 years of accounting experience in retail, FMCG or multi-branch environments.

Responsibilities

• Manage day-to-day accounting transactions and the general ledger.
• Handle accounts payable and accounts receivable activities.
• Prepare and post journal entries, accruals, provisions and adjustments.
• Perform reconciliations for bank, customers, suppliers and balance sheet.
• Support monthly, quarterly and annual financial closings.
• Prepare financial statements and management reports.
• Monitor expenses and outstanding receivables/payables.
• Ensure IFRS compliance and internal control standards.
• Support VAT, tax and statutory reporting requirements.
• Coordinate with other departments on financial matters.

Skills

IFRS knowledge

Excel proficiency

Month-end closing

Analytical skills

Attention to detail

Communication skills

Bilingual Arabic & English

Education

Bachelor's degree in accounting/Finance

ACCA/CPA/CMA or equivalent advantageous

Tools

Microsoft Dynamics

Job description

Al Majed for Oud was established in 1956 with the aim of creating a promising market for oud trading through the wholesale sector. With more than sixty years of experience in the oud, perfume, and related products industry, the company has expanded its operations across the Gulf markets and developed a strong retail presence with more than 300 outlets across Saudi Arabia, Kuwait, the UAE, Bahrain, Oman, and Qatar.

About the Role

To manage and support accounting operations by ensuring accurate and timely recording of financial transactions, maintaining proper financial records, supporting financial reporting, and ensuring compliance with company policies, IFRS, and applicable regulations.

Responsibilities

• Manage day-to-day accounting transactions and maintain the general ledger.


• Manage accounts payable and accounts receivable activities.


• Prepare and post journal entries, accruals, provisions, and adjustments.


• Perform bank, customer, supplier, and balance sheet reconciliations.


• Support monthly, quarterly, and annual financial closing.


• Prepare financial statements, management reports, and accounting schedules.


• Monitor expenses, receivables, payables, and outstanding balances.


• Ensure accurate recording and classification of financial transactions.


• Support VAT, tax, and statutory reporting requirements.


• Ensure compliance with IFRS, company policies, and internal controls.


• Support internal and external audit activities.


• Utilize ERP systems, preferably Microsoft Dynamics, for accounting and reporting.


• Prepare financial analysis and reports using Microsoft Excel.


• Investigate and resolve accounting discrepancies.


• Maintain proper accounting records and supporting documentation.


• Coordinate with Sales, Procurement, Operations, HR, and other departments on financial matters.


• Support finance process improvements and internal control initiatives.


• Prepare periodic financial reports and provide relevant analysis to management.

Qualifications

• Bachelor's degree in accounting, Finance, or a related field.


• Professional accounting qualification such as ACCA, CPA, CMA, or equivalent is an advantage.

Required Skills

• Minimum 5 years of experience in accounting, preferably within the retail, perfume, FMCG, or multi-branch environment.


• Experience with ERP systems, preferably Microsoft Dynamics.


• Good knowledge of IFRS and accounting principles.


• Advanced proficiency in Microsoft Excel.


• Experience in reconciliations, month-end closing, and financial reporting.


• Strong analytical and problem-solving skills.


• Excellent organizational and time-management skills.


• Strong attention to detail and accuracy.


• Effective communication and interpersonal skills.


• Fluency in Arabic and English.


• Ability to work independently and as part of a team.