Purpose of the position/Job Description

An Accounts Officer manages daily accounting tasks like accounts payable/receivable and general ledger entries, prepares financial statements, ensures VAT and corporate tax compliance with UAE regulations, performs bank reconciliations, and assists with month-end/year-end closings. Key duties also include cash flow management, budgeting, supporting audits, and utilizing accounting software to maintain accurate financial records.

Key Responsibilities

• Financial Record Keeping:

• Maintain accurate financial transaction records in accordance with accounting standards.

• Prepare and manage journal entries for expenses and revenue.

• Oversee accounts payable and accounts receivable functions.

• Conduct bank reconciliations and manage day-to-day cash flow. 

• Financial Reporting & Analysis:

• Prepare and analyze financial statements, including profit and loss, balance sheets, and cash flow statements.

• Assist with budgeting, forecasting, and variance analysis to support decision-making.

• Monitor and manage project-related financial transactions and expenses. 

• Compliance & Audits:

• Ensure compliance with UAE VAT, Corporate Tax, and other relevant financial regulations.

• Facilitate internal and external audits by providing accurate documentation.

• Process staff payroll and ensure compliance with the WPS (Wage Protection System). 

• Collaboration & Processes:

• Liaise with auditors, financial institutions, and other stakeholders.

• Collaborate with other departments to streamline financial processes.

• Assist with ad-hoc projects and process improvements to enhance financial operations. 

Attributes of the position / Scope

UAE Financial Regulations: A thorough understanding of local accounting standards, tax laws (especially VAT and Corporate Tax), and compliance requirements is essential.

Accounting Software: Proficiency in widely used platforms such as QuickBooks, Sage 50, SAP, or Oracle Financials is highly valued.

Microsoft Excel: Advanced skills, including pivot tables and financial modelling, are a non-negotiable requirement.

Data Analysis Tools: Increasingly, skills in Power BI and Power Query for data visualization and analysis are needed to derive business insights.

Financial Statement Analysis: The ability to interpret financial statements to extract key information is crucial for providing strategic advice.

Budgeting and Forecasting: Experience in creating accurate financial projections and budget models is a core skill.

Desired Candidate Profile

Personal Profile Qualifications A bachelor’s degree in accounting, Finance, or a related field Key Competencies Required Analytical and Critical Thinking, Communication, Attention to Detail, Problem-Solving, Integrity, Adaptability, Teamwork Relevant Experience 5 to 8 years