Head of Accounting Department - UAE National
The Senior Accounting Officer is responsible for all areas relating to financial reporting. This position covers the development and the maintenance of accounting principles, practices and procedures in compliance of International Financial Reporting Standards, The Accounting Manager works along one staff accountant and is responsible for managing the accounting department activities to ensure that work is properly allocated and completed in a timely and accurate manner. This position addresses tight deadlines and a multitude of accounting activities including financial reporting, year-end audit preparation, the preparation of budget and forecast activities, and continuous review of budget vs actual figures to ensure that each department does not exceed their allocated budget for the year.
The Accounting Officer works in regular connection with the Finance Manager, the General Manager, Banks, Shareholders and the other department managers which require good interpersonal communication skills both written and verbal.
Responsibilities:
- To supervise and manage all accounts activities to ensure an accurate and timely monthly, quarterly and year end close.
- To provide support to the Accountant to ensure all day-to-day general ledger activities of the companies are performed in a timely and efficient manner.
- Supervise all general ledger activities including the monthly, quarterly and end-of-year closing in accordance with the requirements of all applicable Laws and generally accepted accounting principles applicable in the Emirate of Abu Dhabi, UAE and International Financial Reporting Standards
- Review the monthly account reconciliations which have been prepared by the Accountant to ensure the completeness of the management accounts.
- Maintain on a monthly basis the Management Accounts of the companies for distribution to the Shareholders.
- To produce the statutory accounts of the companies in accordance with the requirements of all applicable Laws and the generally accepted accounting principles applicable in the Emirate of Abu Dhabi, UAE and International Financial Reporting Standards and hence manage the Independent Auditors.
- To provide treasury forecasts in order to produce the companies' cash calls to the banks and their Shareholders
- Supervise and manage all accounts activities including invoices, payments and reconciliation of purchase orders/receipts and billing activity once the project is in operation phase.
- Build up the company fixed assets ledger.
- Prepare and update as and when requited the finance and accounting policies and procedures for the companies.
- Ensure all payroll activities are conducted accurately and in a timely manner in conjunction with the HR department.
- Preparation, maintenance and updating of all budget and forecasting activities in conjunction with the Finance Manager.
- Continuous monitoring and analyzing of each department budgets during operations to ensure that no unexplained variances occur.
- Management of the day to day treasury in accordance with policies, procedures and standards
- Ensure the monthly, quarterly and yearly Bank Compliance activities are performed in accordance with the Facility Agreement and in a timely and accurate manner.
- Participate to the Settlement system and invoicing system implementation
- Supervision and Management of petty cash in accordance with policies, procedures and standards
- Responds to inquiries from the Finance Manager, Shareholders, Banks and other department managers regarding financial results, special reporting requests and other ad hoc inquiries.
- Ensure a smooth transition of the companies' accounts from construction to operations phase.
Health and safety
- Job Holder works at the company's Head Office, but will visit the site on a regular basis which is in a controlled potentially hazardous environment.
Risks
- The daily tasks performed represent limited risks of accidents (blow, fall…) which are controlled by means of procedures, PPE (Personal Protective Equipment), safety devices and HSSE Team supervision.
Exposure to Risks
- Traffic/vehicles accidents.
- Risks inherent to the job while performing on-site inspections and office work.
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