Sr. Accountant – Sosiya International DMCC

Audit Responsibilities

• Determine internal audit scope, develop annual plans, document process and prepare audit findings report
• Perform and control the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations.
• Undertaking regular transaction and systems review to confirm that internal control systems are in place and are working
• Obtaining, analysing and evaluating accounting documentation, reports and data
• Prepare audit reports that reflect audit’s results and document process on a monthly basis
• Act as an objective source of independent advice to ensure validity, legality and goal achievement
• Identify loopholes and recommend risk aversion measures and cost savings
• Engage to continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques and performance standards 
• Coordinating both internal & external audits.

Accounting Responsibilities

• Review of costings of all inventories and ensuring that costs are maintained accurately
• Coordinating and setting up of selling prices
• Analysing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost.
• Analysing and review of actual manufacturing costs and preparing monthly variance reports comparing standard costs to actual production costs with adequate explanations.
• Actively monitoring all manufacturing costs at Factory level to ensure efficiency in terms of yields percentages, adherence to costing recipes/BOM, labour ratios and other inputs to actualize maximum cost savings.
• Providing management with reports specifying and comparing factors affecting prices and profitability of products.
• Running month end close costing activities to aid in month end closing of accounts.
• Coordinating and being the ‘’in charge’’ during stock counts and adjustments
• Facilitate proper office cash management by authorizing invoices before payments vouchers are prepared;
• Facilitate safe keeping of all accountable documents;
• Ensure supplier definition, invoice and Validate payments in the ERP system to maintain compliance of procedures;
• Prepare annual operational budgets by determining the availability of funds, activities scheduled for the year and their costs translating these into operational budgets
• Ensure all financial data i.e., payment vouchers, receipts, adjustments and any other journal entries are posted into the accounting system software on a monthly basis.
• Ensure all financial information is properly filed, secured and backed up.
• Ensure all the assets of the Company are safeguarded.
• Prepare bank reconciliations 
• Participate in external audits by providing auditors with accounting documents as requested and providing information and explanations for audit queries.
• Implement standards, regulations and procedures by executing the day-to-day operations of the department;
• Any other responsibilities that may be assigned from time to time

Job Details

Preferred Candidate