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Finance Officer

1 month ago

Abu Dhabi, United Arab Emirates Alghars Education Full time

The **Finance Officer** is responsible for managing the Institution daily financial operations, including payroll, financial reporting, budgeting, procurement, and compliance. The role ensures accurate and efficient financial processes and contributes to the overall financial stability of the organization.

**Key Responsibilities**:
**1. Financial Operations**:

- Process and monitor financial transactions, including invoices, receipts, and payments.
- Ensure accurate recording and documentation of all financial activities in the accounting system.
- Assist in preparing monthly, quarterly, and annual financial statements.

**2. Payroll Administration**:

- Prepare and process employee salaries, ensuring accuracy in calculations and timely disbursement.
- Maintain payroll records, including overtime, deductions, and adjustments.
- Ensure compliance with labor laws and payroll tax regulations.

**3. Budgeting and Reporting**:

- Support the preparation and monitoring of budgets for various departments.
- Provide budget variance analysis and assist in recommending corrective actions.
- Generate financial reports for management and stakeholders as required.

**4. Procurement and Expense Management**:

- Review and process purchase requests and vendor payments.
- Ensure proper documentation and compliance with procurement policies.
- Track organizational expenditures and ensure alignment with budgets.

**5. Financial Compliance and Auditing**:

- Ensure compliance with local financial regulations and organizational policies.
- Assist in preparing for audits and implementing audit recommendations.
- Maintain accurate records for all financial activities to ensure transparency.

**6. Cash Flow and Asset Management**:

- Monitor cash flow to ensure sufficient funds for daily operations.
- Reconcile bank statements and manage petty cash.
- Maintain an updated record of organizational assets and financial liabilities.

**Qualifications**:

- Bachelor’s degree in Accounting, Finance, or a related field.
- 2-4 years of experience in financial operations or a similar role.
- Familiarity with accounting systems and financial software.
- Knowledge of financial regulations and compliance standards.

**Key Skills**:

- Strong attention to detail and numerical accuracy.
- Effective time management and ability to meet deadlines.
- Excellent organizational and multitasking skills.
- Proficiency in Microsoft Excel and financial reporting tools.
- Strong communication and problem-solving abilities.