Experience: At least 4 to 5 years of accounting experience with F&A operations integration
Qualification – bachelor’s degree in accounting or M.com with ICMAI / CMA / ACCA
The General Accountant plays a crucial role in maintaining the financial health of an organization. This position involves managing financial records, ensuring compliance with regulations, and providing accurate financial reporting. The ideal candidate will have a strong understanding of accounting principles and practices, along with the ability to analyze financial data effectively. As a General Accountant, you will be responsible for various accounting tasks that contribute to the company’s overall success.
Responsibilities:
▪ General Ledger Accounting
a) Prepare and validate journal entries, and maintain high level of GL accuracy
b) Prepare and maintain monthly closing entries, including accruals
c) Reconcile and maintain Trial Balance reconciliation
d) Prepare bank reconciliation and Daily cash flow
e) Assists with month-end / year-end closings and statutory audit
▪ Accounts Payable
a) Maintain accounts payable records with vendor reconciliation
b) 3-way matching of vendors invoices, prior to invoice recording and account
to pay
c) Maintain periodical AP aging report and prepare invoices for payment as per aging
d) Assist in data preparation required by ZATCA in relation with VAT return and withholding Taxes.
e) Coordinate with suppliers for invoice discrepancies issues
▪ Accounts Receivable
a) Maintaining customer billing records
b) Reconciliation of customer balances
c) Performing customers account reconciliations
d) Periodically review AR aging reports and coordinate with the internal team
to follow up on the payments
e) Record customer’s invoice for collection and ensure accuracy.
Preferred Candidate:
Strong analytical and problem-solving skills.
Excellent attention to detail and accuracy.
Ability to work independently and as part of a team.
Proficient in accounting software and Microsoft Excel.
Strong communication and interpersonal skills.
Ability to manage multiple tasks and meet deadlines.
Our Mission is to Simplify Life. We are looking to Simplify and automate complex decision-making for customer centric industries, like Utilities, Financial Services, Logistics, and commerce, that drive the world’s economies and you have the chance to join the revolution. We are trying to solve huge challenges in today’s enterprise that are directly impacting the employee and customer experience.
What can we promise you:
You’ll join a global family of awesome, passionate people that are working together to build a sustainable, scalable ecosystem committed to using logic to create a better experience.
We want you to help us become better. You will be empowered to drive change and innovate.
That we will invest in you. We will give you the opportunity to master your domain and drive excellence.
Job Summary:
We are seeking a highly motivated and detail-oriented Senior Accountant to join our growing Finance team. The Senior Accountant will play a critical role in creating financial transparency for internal and external stakeholders by ensuring accurate financial reporting.
The Senior Accountant will collaborate with cross-functional teams to ensure that all company activities and transactions are recorded and accounted for properly.
The ideal candidate is solution-oriented, possesses a collaborative mindset, and has great English communication skills. Additionally, the ideal candidate has a strong understanding of accounting principles, attention to detail, and the ability to work independently.
Main Job Responsibilities:
Accounting Operations & Bookkeeping:
On a recurring monthly basis, collect information relating to all Company transactions and activities from various internal and external sources and process transactions in internal accounting systems.
Perform critical accounting close activities on a monthly, quarterly, and annual basis.
Assist in the preparation of financial statements, including Income Statement, Balance Sheet, and Cash Flow Statement.
Perform variance analysis and identify trends, risks, and opportunities in financial performance.
Oversee the general ledger and ensure accurate and timely recording of financial transactions.
Maintain and reconcile balance sheet accounts, investigate and resolve any discrepancies.
Project Accounting & Accounts Receivable:
Understand all contracts with customers & vendors, working closely with sales & delivery teams.
Act as primary liaison with project & delivery teams to understand project activities past & present, to ensure that company financial records & forecasts incorporate accurate information about ongoing projects.
Monitor project profit & loss, obtain commentary from delivery teams.
Obtain and validate project data needed for billing, and ensure that invoices are produced accurately.
Lead the accounts receivable process, including invoicing, collections, and revenue recognition. Monitor and analyze customer accounts, ensuring timely payment and resolution of outstanding balances.
Payroll Management:
Execute payroll process, ensuring accurate and timely payment to employees in compliance with applicable laws and regulations.
Collaborate with HR to maintain employee records, update payroll information, and manage payroll-related deductions and benefits.
Prepare payroll reports, including tax withholding, deductions, and contributions, and ensure payroll compliance with local tax authorities.
Process Improvement and Systems Enhancement:
Identify opportunities to streamline and automate accounting processes, enhancing efficiency and accuracy.
Collaborate with cross-functional teams to implement process improvements and system enhancements.
Provide training and support to team members on accounting processes and systems.
<p>Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world’s most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate. </p>
<p>By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day</p>
<p> </p>
<p><b>Overview of the role:</b></p>
<ul>
<li>Maintain all aspects of billing. Monitor departments activities/ revenue on a daily/weekly basis and submit Monthly auto units billing to the customer as per the agreed SOP</li>
<li>Consolidation and reporting of all KPI’s and management reports</li>
<li>Full analysis of shipment creation from Billing (SAP and Yard Logistics) aspect and Identify revenue leakage (additional Billing) and determine solutions to avoid in future </li>
<li>Usage of Fuel control and analysis vehicle wise report</li>
<li>Performs discovery and analysis for the purpose of documenting workflow, processes and needs.</li>
<li>Creates business requirements and analyses functional / technical specification to ensure needs are addressed.</li>
<li>Preparation of Automotive Logistics Budget and Forecast as per Group Timeline and update the same in IFRP</li>
<li>Monthly BSS (Balance Sheet Substantiation) for 2 entities</li>
<li>Freight revenue/ margin report and incentive working</li>
<li>Project Support as per Management deliverable/ timelines<br>
</li>
</ul>
<p><b>What you will do:</b></p>
<p><u>Sales Report:</u></p>
<ul>
<li>Automotive Revenue Report by Activity on Monthly basis</li>
<li>Freight Revenue and Margin Report On Monthly basis<br>
</li>
</ul>
<p><u>Monthly report:</u></p>
<ul>
<li>Volume Report by Brand/ Location and movement</li>
<li>Rebate Computation on quarterly basis as per agreement with Port Authority</li>
<li>Standing Guarantee Report from Customs Authority and status /reconciliation<br>
</li>
</ul>
<p><u>Reconciliation:</u></p>
<ul>
<li>Two reconciliation:- </li>
<li>Fuel pump consumption</li>
<li>Revenue and cost of sales.</li>
</ul>
<ul>
<li>Customer details</li>
<li>Knowledge on the customer</li>
<li>Query response<br>
</li>
</ul>
<p><u>Finance and Finance Support Team:</u></p>
<ul>
<li>Overheads analysis</li>
<li>Overheads comparison with Budget</li>
<li>Review of risk and opportunities on the business</li>
<li>Budget support</li>
</ul>
<ul>
<li>CA qualified with 4 years’ experience </li>
<li>Analytical skills</li>
<li>Positive attitude & flexible</li>
<li>Good communications skills</li>
</ul>
<p> </p>
<p><b>About the Team:</b></p>
<p>You will be reporting to Finance Manager </p>
<p> </p>
<p><b>What equips you for the role:</b></p>
<ul>
<li>Profession qualification of CA or ACCA</li>
<li>4 years in Finance includes 6 years in Freight Management and commercial &/or operation support</li>
<li>Working in Logistics Company will be added advantage</li>
<li>Understand the business to develop / introduce reports and have the operational knowledge to know activities for analysing the financials. <br>
</li>
</ul>
<p> </p>
<p> </p>
<p><b>About Al-Futtaim Automotive</b><br>
A major division of the UAE-based Al-Futtaim Group of companies, <b>Al-Futtaim Automotive</b> is an industry leader with presence in 10 countries across the Middle East, Asia and Africa.<br>
Our core business activities at Al-Futtaim Automotive include distribution, manufacturing, leasing and aftersales, and we are firmly established as the regional representative of some of the world’s most iconic automotive brands: Toyota, Lexus, Honda, Jeep, Chrysler, Dodge, Volvo and RAM.<br>
We are driven by a customer-centric approach, constantly pushing the boundaries on innovation, quality standards, and value-added service across our vast universe of customers – right from motoring enthusiasts to fleet operators to contractors. Our mission is to become the leader in custom-made mobility solutions by delivering nothing less than world-class omni-channel experiences. <br>
We channel our local expertise and global trust to deliver one of the most comprehensive portfolios of mobility products and solutions, from passenger cars to SUVs, electric vehicles to high-performance motorbikes, commercial vehicles to industrial & construction equipment.<br>
What keeps the company moving forward is a 9000-member strong team, with inspiring possibilities for growth, throughout the career path. <b>This is Al-Futtaim Automotive and we empower talent to move forward.</b></p>
Analyzing financial data and preparing financial reports to support decision-making by senior management.
Maintaining up-to-date knowledge of financial regulations and laws to ensure compliance across all financial activities of the organization.
Providing financial analysis and insights to senior management to support decision-making and strategic planning.
Creating financial reports, including monthly, quarterly, and annual financial statements, to communicate financial information to senior management and other stakeholders.
