Overview: The Financial Accountant is responsible for preparing internal and external financial reports in accordance with the company’s accounting rules. This position ensures accurate financial reporting, assists in year-end accounting functions, and helps maintain financial records, ensuring compliance and contributing to effective decision-making.

Key Responsibilities:

• Financial Reporting: Prepare monthly and quarterly financial reports (profit & loss statement, balance sheet, cash flow statement) and submit them to the Management team to provide insights into the company’s financial performance and position.
• Revenue & Expense Assessment: Assess revenues, costs, commissions, and expenses on a monthly basis to ensure accurate recording.
• Year-End Accounting Functions: Process and assist in year-end functions related to accounting/financial operations, analyze reports, maintain spreadsheets, and prepare journal entries.
• Account Reconciliation: Prepare and reconcile Shareholder’s Current Account, Loan Account, etc., on a monthly basis or as required.
• Fixed Assets Register (FAR): Prepare and update the Fixed Assets Register on a monthly basis.
• Voucher Analysis: Analyze the postings of all types of vouchers (Payment, Receipt, Journal, Petty Cash, Sales & Purchases) daily to ensure accuracy.
• Payroll Processing: Review the monthly staff payroll and process WPS for payment on a monthly basis.
• Accounts Receivable & Payable: Manage and review accounts receivable (A/R) and accounts payable (A/P) by preparing aging reports. Coordinate with suppliers and clients to resolve queries.
• Tax Compliance: Maintain tax files in accordance with the local Federal Tax Authority (FTA) requirements.
• Audit Coordination: Liaise with external auditors and assist with the annual audit process, including preparation of audit schedules.
• Bank Reconciliation: Prepare monthly bank reconciliations and coordinate with financial institutions to resolve discrepancies.
• Petty Cash Management: Prepare petty cash summaries and handle reimbursements as necessary.
• Cost Control & Policy Implementation: Implement accounting policies and procedures effectively and proactively assist with cost control initiatives.
• Budgeting & Forecasting: Prepare and review annual budgets, forecasts, and operating results to ensure alignment with financial goals.
• Timely Reporting: Prepare and submit financial reports to management within deadlines, ensuring accuracy and timely delivery.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field.
• 3-5 years of experience in accounting or finance, with proficiency in accounting software and financial reporting.
• Strong understanding of accounting principles, taxation, and compliance.
• Excellent analytical, problem-solving, and organizational skills.
• Ability to work independently and manage multiple tasks effectively.
• Proficiency in MS Excel and accounting systems (e.g., QuickBooks, SAP).
• Strong attention to detail and commitment to delivering accurate reports on time.