Chief Accountant

2 months ago

Abu Dhabi, United Arab Emirates GMS Full time

**1. JOB PURPOSE/SUMMARY**

The Chief Accountant is responsible for overseeing daily finance and accounting operations, ensuring the accuracy and timeliness of financial reporting for a **Medical supply chain business**. This role includes leading the month-end closing process, adhering strictly to reporting deadlines, and maintaining strong internal controls. The Chief Accountant will monitor budget performance against actuals, uphold the integrity of accounting records, and drive continuous improvements in financial processes. While the Chief Accountant does not have formal supervisory responsibilities, they will assign tasks and responsibilities within the finance team, provide mentorship, and guide junior staff. The position also involves serving as the primary liaison with internal and external auditors. A thorough understanding of accounting policies and standards is essential, with a focus on ensuring compliance and precision in financial reporting.
**2. KEY RESPONSIBILITIES AND ACCOUNTABILITIES**

**Daily Operational Responsibilities**
- Oversee daily accounting activities such as journal entries, reconciliations, and ledger maintenance.
- Manage accounts payable and receivable processes, ensuring timely payments and collections.
- Verify purchase requisitions to ensure alignment with budget allocations.
- Implement and monitor internal controls to safeguard company assets and ensure financial accuracy.
- Ensure compliance with relevant accounting standards, regulations, and internal policies.
- Allocate responsibilities and tasks among the finance team to ensure efficient workflow.
- Set clear goals and deadlines for the team to ensure timely reporting and completion of tasks.
- Monitor team performance and provide feedback to improve efficiency.
- Conduct regular meetings to review progress and address any challenges.
- Provide mentorship and training to junior staff on accounting processes and company policies.
- Preparing and finalizing VAT and Corporate Tax return
- Capable of handling huge volume of Accounts payable and Accounts receivable transactions

**Month-End Closing**
- Lead the month-end closing process, ensuring all entries are accurately posted.
- Prepare and review financial reports including balance sheets, income statements, and cash flow statements.
- Ensure timely submission of monthly, quarterly, and annual reports to management.
- Review and adjust any discrepancies before closing the financial books.
- Conduct periodic audits of financial records to ensure adherence to controls.

**Internal Controls and Audit Liaison**:

- Implement best practices to streamline financial operations and reduce errors.
- Evaluate existing accounting software and suggest updates or new systems to enhance productivity.
- Act as the primary contact for internal and external auditors during audits.
- Prepare and provide necessary documentation and reports requested by auditors.
- Implement any recommendations from audit reports to improve financial controls.

**3. QUALIFICATIONS, EXPERIENCE AND COMPETENCIES**

**Minimum Qualifications**:

- **(Education/Certification/Professional)**_

Certified Chartered Accountant, or equivalent discipline.

**Minimum Experience**:
Minimum of 5 years of experience in Finance and Accounting.

3 to 5 years of management or supervisory experience.

**Job Specific Competencies**:
**Expert-Level Skills in Microsoft Excel**: Demonstrates advanced proficiency in Microsoft Excel, including the ability to use complex formulas, pivot tables, macros, and data analysis tools. Capable of creating detailed financial models and reports that support accurate financial analysis and decision-making.

**Skilled in Leading a Team to Achieve Optimal Performance**: Proven ability to lead and motivate a team to achieve high performance and meet organizational goals. Employs effective leadership techniques, sets clear expectations, and provides guidance and support to enhance team productivity and morale.

**Capable of Handling Multiple Tasks Simultaneously through Effective Time Management**: Exhibits strong time management skills, enabling the successful handling of multiple responsibilities and deadlines simultaneously. Prioritizes tasks effectively, delegates appropriately, and ensures timely completion of all financial reporting and operational activities.

**Excellent Communication Abilities with Strong Attention to Detail**: Possesses exceptional communication skills, both verbal and written, to convey complex financial information clearly and effectively to stakeholders at all levels. Maintains meticulous attention to detail to ensure accuracy in financial reporting and compliance with standards.

**Familiarity with ERP Systems and Other Digital Platforms**: Demonstrates proficiency in using ERP systems **(e.g., Oracle)** and other digital platforms for financial management. Understands how to leverage these tools to streamline accounting processes, enhance reporting capabilities

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