Sr. Accountant

Sosiya International DMCC; Dubai; On-site; AED 60,000 - 120,000; Full time

Job summary

An established industry player is seeking an experienced auditor and accountant to join their dynamic team in Dubai. In this role, you will be responsible for determining the internal audit scope, preparing comprehensive audit reports, and ensuring compliance with financial regulations. Your expertise in budgeting, financial planning, and SAP B1 will be crucial in analyzing manufacturing costs and facilitating effective cash management. This is an exciting opportunity to contribute to a forward-thinking organization that values innovation and efficiency. If you are ready to take your career to the next level and make an impact, we want to hear from you!

Qualifications

• Bachelor's degree in Accounting or Finance is required.
• Professional qualifications like CPA, CMA, or ACCA are essential.
• Must have auditing experience and knowledge of SAP B1.

Responsibilities

• Conduct internal audits and prepare findings reports.
• Review and analyze manufacturing costs and prepare variance reports.
• Coordinate internal and external audits and ensure compliance.

Skills

Auditing Experience

Budgeting

Financial Planning

Accounting

SAP B1 Functional Knowledge

General Ledger

Financial Reporting

Computer Literacy

Education

Bachelor’s degree in Accounting or Finance

Professional Qualification CPA, CMA, ACCA or equivalent

Tools

SAP B1

Job description

Audit Responsibilities

• Determine internal audit scope, develop annual plans, document process and prepare audit findings report
• Perform and control the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations.
• Undertake regular transaction and systems review to confirm that internal control systems are in place and are working
• Obtain, analyze and evaluate accounting documentation, reports and data
• Prepare audit reports that reflect audit’s results and document process on a monthly basis
• Act as an objective source of independent advice to ensure validity, legality and goal achievement
• Identify loopholes and recommend risk aversion measures and cost savings
• Engage in continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques and performance standards
• Coordinate both internal & external audits.

Accounting Responsibilities

• Review costings of all inventories and ensure that costs are maintained accurately
• Coordinate and set up selling prices
• Analyze changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost.
• Analyze and review actual manufacturing costs and prepare monthly variance reports comparing standard costs to actual production costs with adequate explanations.
• Actively monitor all manufacturing costs at Factory level to ensure efficiency in terms of yields percentages, adherence to costing recipes/BOM, labour ratios and other inputs to actualize maximum cost savings.
• Provide management with reports specifying and comparing factors affecting prices and profitability of products.
• Run month end close costing activities to aid in month end closing of accounts.
• Coordinate and be the “in charge” during stock counts and adjustments
• Facilitate proper office cash management by authorizing invoices before payment vouchers are prepared;
• Facilitate safekeeping of all accountable documents;
• Ensure supplier definition, invoice and validate payments in the ERP system to maintain compliance of procedures;
• Prepare annual operational budgets by determining the availability of funds, activities scheduled for the year and their costs translating these into operational budgets
• Ensure all financial data i.e., payment vouchers, receipts, adjustments and any other journal entries are posted into the accounting system software on a monthly basis.
• Ensure all financial information is properly filed, secured and backed up.
• Ensure all the assets of the Company are safeguarded.
• Prepare bank reconciliations
• Participate in external audits by providing auditors with accounting documents as requested and providing information and explanations for audit queries.
• Implement standards, regulations and procedures by executing the day-to-day operations of the department;
• Any other responsibilities that may be assigned from time to time

Skills

Qualifications Knowledge and Skills:

• Bachelor’s degree in Accounting or Finance;
• Professional Qualification CPA, CMA, ACCA or equivalent
• Auditing Experience is a must
• Computer literacy; Must have SAP B1 functional knowledge and experience. Also, technical knowledge in SAP is highly preferred
• Three (3) years of service in a manufacturing environment.
• Skills and knowledge in budgeting, financial planning; accounting; general ledger; financial reporting;
• Knowledge of the accounting system/modules
• Able to deliver under pressure with minimal supervision