Senior Officer, Finance Operations (UAEN)

Emirates Development Bank (EDB); Abu Dhabi; On-site; AED 120,000 - 180,000; Full time

Job summary

A leading financial institution in the UAE seeks a Financial Accountant to oversee daily accounting activities. The role involves managing general ledger functions, preparing accurate financial statements, and ensuring compliance with accounting standards. Ideal candidates will have a strong educational background in finance and proven analytical skills to support financial decision-making.

Qualifications

• Experience with financial reporting and accounting standards required.
• Proficiency in managing general ledger accounts and financial systems.
• Knowledge of IFRS/IAS and tax regulations.

Responsibilities

• Prepare and post journal entries and periodic financial statements.
• Manage accounts payable activities to ensure timely payments.
• Compile monthly outstanding balance reports and reconcile expense accounts.

Skills

Analytical Skills

Attention to Detail

Time Management

Communication

Education

Bachelor's Degree in Accounting or Finance

Job description

JOB PURPOSE:

To carry out the day-to-day financial accounting activities, including preparing and posting journal entries, and producing periodic trial balances and financial statements accurately and timely. The incumbent must also ensure the production of reliable and timely financial reports.

Operational Responsibilities:

1. Prepare expense entries, process payments, payroll, manage General Ledger (GL) accounts, control and record prepayments, accruals, fixed assets, and depreciation to ensure accurate entries.
2. Analyze all expenses incurred and report to the line manager as required to ensure accuracy.
3. Process and record vouchers/invoices and maintain related records to ensure all transactions are properly processed and documented.
4. Review and discuss accounting transactions with the line manager to ensure accuracy.
5. Enter transactions into the financial systems and maintain these systems for proper accounting of EDB’s transactions.
6. Post journal vouchers following policies to ensure completeness and accuracy, maintaining adherence to policies and procedures.
7. Complete period-end closing of financial accounts on time, following IFRS/IAS standards and the agreed schedule.
8. Ensure provisions, accruals, prepayments, and other entries for periodic and annual closing are complete, accurate, and supported.
9. Record expenditure requests and collaborate with the Financial Accounting Manager to develop policies for capital expenditure budgeting, control, and reporting.
10. Manage accounts payable activities to ensure timely payments to suppliers.
11. Compile monthly outstanding balance reports, prepare payment requests, and communicate with debtors regarding long-standing balances.
12. Reconcile expense accounts regularly and report discrepancies for correction.
13. Review expenditure processes with the Senior Financial Accountant and suggest procedural improvements.
14. Maintain daily general ledger vouchers and data entries for accuracy.
15. Respond to management requests for ledger information efficiently.
16. Coordinate with external auditors during annual audits to ensure smooth processes.
17. Prepare worksheets and financial analyses for Internal Audit and other departments.
18. Handle daily transactional processing and reporting related to taxation, including accurate posting of tax entries.
19. Prepare, validate, and submit VAT returns for UAE entities monthly and quarterly.
20. Ensure compliance with the highest financial reporting standards in the preparation of external financial statements.