Accountant

3 weeks ago


Sharjah, United Arab Emirates AKR Restaurant Full time

As an accountant in a wholesale metal scrap trading firm, your duties and responsibilities may encompass various financial tasks specific to the industry. Here's a tailored list:

- **Financial Record-keeping**: Maintain accurate and organized financial records related to metal scrap purchases, sales, and inventory levels.
- **Inventory Management**: Monitor and track metal scrap inventory levels, including incoming shipments and outgoing sales. Reconcile physical inventory counts with financial records to ensure accuracy.
- **Cost Analysis**: Analyze the costs associated with acquiring, processing, and selling metal scrap. Identify opportunities for cost savings and efficiency improvements in sourcing, transportation, and handling.
- **Accounts Payable and Receivable**: Process invoices from suppliers for metal scrap purchases and generate invoices for customers for scrap sales. Monitor accounts receivable to ensure timely collection of payments.
- **Financial Reporting**: Prepare regular financial reports, including income statements, balance sheets, and cash flow statements, to provide insights into the financial performance of the wholesale metal scrap trading firm.
- **Tax Compliance**: Ensure compliance with all relevant tax laws and regulations related to metal scrap trading. Prepare and file tax returns accurately and on time, including any applicable taxes on scrap sales or imports/exports.
- **Financial Analysis**: Conduct financial analysis to evaluate the profitability of different metal scrap products, customer segments, and geographic markets. Provide insights and recommendations to management based on financial data.
- **Risk Management**: Identify and assess financial risks specific to the metal scrap trading industry, such as price volatility, supply chain disruptions, and regulatory changes. Develop strategies to mitigate these risks and protect the firm's financial interests.
- **Cash Flow Management**: Monitor cash flow to ensure that the firm has sufficient liquidity to meet its financial obligations, such as paying suppliers and employees on time.
- **Internal Controls**: Establish and maintain internal controls to safeguard assets and prevent fraud in metal scrap transactions. This may include segregation of duties, regular reconciliations, and approval processes for significant transactions.
- **Financial Software Management**: Utilize accounting software specialized for wholesale trading firms to record transactions, generate reports, and streamline financial processes.
- **Auditing**: Assist with internal and external audits by providing documentation, conducting audit procedures, and addressing audit findings related to metal scrap trading activities.
- **Compliance Monitoring**: Stay informed about changes in industry regulations, trade policies, and environmental standards affecting metal scrap trading. Ensure compliance with relevant laws and regulations to avoid penalties or legal issues.
- **Budgeting and Forecasting**: Collaborate with management to develop budgets and financial forecasts for the wholesale metal scrap trading firm. Monitor performance against budgeted targets and adjust forecasts as needed based on market conditions.
- **Advisory Role**: Provide financial advice and support to management on strategic decisions related to expanding the firm's product offerings, entering new markets, or optimizing operations to enhance profitability.

These duties and responsibilities are tailored to the specific needs and challenges of accounting in a wholesale metal scrap trading firm, reflecting the unique aspects of the industry's financial operations.

**Salary**: AED1,500.00 - AED2,000.00 per month

Ability to commute/relocate:

- Sharjah: Reliably commute or planning to relocate before starting work (required)

**Education**:

- Bachelor's (required)

**Experience**:

- Accounting: 1 year (preferred)

**Language**:

- English, Malayalam, Hindi (required)

**Location**:

- Sharjah (required)

Willingness to travel:

- 50% (required)

Application Deadline: 05/04/2024


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