Accounts Manager

Accounts Manager Job Description:

• Financial Management: Oversee preparing and planning financial statements and reports, ensuring accuracy and compliance with accounting standards and regulations.

• Transaction Oversight: Manage all financial transactions, including accounts payable and receivable, to ensure accurate recording and processing.

• Data Entry and Systems Management: Enter and maintain all financial data in company systems, ensuring it remains accurate and up-to-date. Employ financial software proficiently to preserve records and streamline processes.

• Reporting: Generate detailed monthly, quarterly, and annual financial reports to provide management with insights and analysis on the economic status and health of the company.

• Stock Checking and Inspections: Perform regular stock verifications and inspections to ensure inventory accuracy and accountability.

• Collections: Oversee the collections process to ensure timely receivables and maintain a healthy cash flow.

• Audit and Compliance: Support internal and external audits, liaise with auditors, and ensure compliance with financial policies and legislative requirements.

• Meetings: Actively participate in and contribute to financial and back office meetings to discuss strategies, updates, and improvements.

• Cross-functional collaboration: Collaborate closely with other departments to ensure the integration of financial best practices throughout the company.

• Budget Management: Develop, monitor, and review the company's budget, ensuring that financial allocations are optimally utilized.

• Financial Forecasting: Conduct financial forecasting to guide the companys investment decisions and anticipate potential financial risks or opportunities.

• Cost Reduction Analysis: Regularly analyze current costs and processes to identify opportunities for cost savings and efficiency improvements.

• Financial Training and Support: Provide training and support to team members on financial policies and tools, ensuring they are equipped to fulfill their departmental financial responsibilities.

• Regulatory Compliance: Stay updated on changes in financial regulations and ensure all financial practices comply with governmental laws and standards.

• Stakeholder Communication: Effectively communicate financial results and strategies to stakeholders, including senior management and external partners, to support informed decision-making.

• Cash Flow Management: Manage daily cash flow and forecast future cash requirements to ensure adequate liquidity for operational effectiveness.

• Credit Control: Oversee credit policies and procedures, managing customer credit and collections risks.

• Strategic Planning Support: Assist in strategic planning from a financial perspective, providing critical insights that influence the long-term goals and strategy of the company.

• Tax Compliance: Ensure compliance with local, state, and federal tax regulations and prepare and review tax returns as required.

• Professional Development:

• Continuous Improvement: Engage in continuous learning and development to stay current with industry trends and advancements in finance.

• Leadership Development: Participate in training and development programs to enhance managerial skills and promote effective team management and growth.

• Detailed Financial Reporting on a monthly basis:

· Cash Flow Statement: Provide a comprehensive overview of liquidity within each project, detailing cash inflows and outflows across operational, investing, and financing activities.

· Monthly Balance Sheet: A report on assets, liabilities, and owners equity depicting the companys financial position at month-end.

· Income Statement: Deliver monthly income statements outlining revenues, expenses, profits, and losses. This includes:

Sales Revenue: Document revenue from sales.

Cost of Goods Sold (COGS): Report on the direct costs of goods sold.

Gross Profit: Calculate gross profit by subtracting COGS from total revenue.

Operating Expenses: Itemize selling, general, and administrative expenses.

Operating Profit (EBIT): Show earnings before interest and taxes.

Depreciation and Amortization: Account for the depreciation of tangible assets and amortization of intangible assets.

Gains from Asset Sales: Report profits from the sale of investments and other assets.

Interest Expense: Detail costs related to borrowed funds.

Tax Expenses: Report on tax obligations

• SKILLS

- Analytical Thinking.

- Attention to details.

- Organizational skills.

- Time management.

- Persuasive communication.

- Written communication skills.

- Problem Solving.

- Financial skills.

• EDUCATIONS:

- Bachelors degree in Accounting.

- Financial Analysis.

- Detail-oriented and strong analytical and problem-solving skills.

- Communication Skills.

- Proficient in MS Office.

- Auditing Skills.

Job Types: Full-time, Permanent

Application Question(s):

• What is your expected salary

Experience:

• Accounting Management in UAE: 3 years (Preferred)

License/Certification:
Driving License in UAE (Preferred)