Accounting Manager
- Dubai, AE
- 14,000 - 15,000 USD Annually
Job Summary
The Accounting Manager will oversee the daily operations of the accounting department, ensuring the production of accurate and timely financial reports. This role involves managing accounts payable, accounts receivable, general ledger, and payroll, while maintaining strict compliance with UAE VAT and Corporate Tax laws. The ideal candidate will provide strategic financial analysis to support senior management in decision-making.
Key Responsibilities
1. Financial Reporting & General Ledger Management
- Direct and manage the monthly, quarterly, and year-end closing processes.
- Prepare and present accurate financial statements, including Income Statements (P&L), Balance Sheets, and Cash Flow Statements.
- Oversee General Ledger (GL) functions, ensuring accurate recording of COGS, POC calculations, and revenue recognition.
- Manage fixed assets, including acquisition, depreciation, and disposal.
2. Financial Planning & Analysis (FP&A)
- Develop and manage annual budgets and provide regular forecasting of financial performance.
- Conduct Variance Analysis (Actual vs. Budgeted) to identify trends and areas for operational improvement.
- Perform financial analysis, including break-even analysis, profitability ratios, and liquidity ratios.
3. Treasury & Cash Management
- Monitor and forecast daily cash positions and cash flows.
- Review and approve bank reconciliations and wire transfers.
- Oversee Escrow account audits and manage relationships with audit partners and banks.
4. Tax Compliance & Internal Audit
- Review and submit VAT returns and ensure compliance with UAE Corporate Tax regulations.
- Act as the primary point of contact for external auditors (e.g., Ernst & Young), providing all necessary documentation and support.
- Implement and maintain internal controls to mitigate financial risks.
5. Operational Management
- Supervise the Accounts Payable (AP) and Accounts Receivable (AR) teams, ensuring timely collections and payments.
- Oversee payroll processing through WPS and ensure adherence to UAE labor laws.
- Manage intercompany reconciliations for subsidiaries and holding group entities.
Required Qualifications & Skills
- Education: Bachelor’s degree in Accounting or Commerce.
- Certifications: Professional certification such as CMA (Certified Management Accountant) or UAE CA is highly preferred.
- Experience: 10+ years of progressive accounting experience, with at least 5 years in a managerial or head of department role within the UAE.
- Technical Proficiency: Advanced knowledge of ERP systems like Oracle E-Business, Microsoft Dynamics (GP/AX), or SAP.
- Soft Skills: Strong leadership, critical problem-solving, and negotiation skills