Retail Accountant

4 months ago


Dubai, United Arab Emirates CUPLE ST L.L.C. Full time

**Job Title : Retail Accountant**:

- **Reports to : Accounts Manager**:

- **Job Location**: Dubai (UAE)
- **Industries**:Retail Fashion, Women Footwear & Accessories**:

- Job Description: As a Retail Accountant, your primary responsibility will be to oversee the financial operations and reporting within the retail industry. You will play a crucial role in ensuring accurate and timely financial data and supporting the overall financial health of the organization. Your duties and responsibilities may include:

- **Financial Reporting**:

- Prepare and analyze financial statements, including income statements, balance sheets, and cash flow statements.
- Ensure compliance with accounting standards and regulations.
- Conduct regular financial audits to identify and resolve discrepancies.
- Generate financial reports for management review, providing insights and recommendations for improvement.
- **Budgeting and Forecasting**:

- Collaborate with relevant stakeholders to develop annual budgets and financial forecasts.
- Monitor actual financial performance against budgeted targets and provide variance analysis.
- Identify areas of cost reduction or revenue enhancement based on financial analysis.
- **Accounts Payable and Receivable**:

- Oversee the accounts payable process, ensuring accurate and timely payment of vendors.
- Manage accounts receivable, including customer billing, collections, and reconciliation.
- Monitor and analyze cash flow, identifying opportunities to optimize working capital.
- **Inventory Management**:

- Collaborate with the inventory management team to reconcile inventory records with financial data.
- Analyze inventory turnover and cost of goods sold (COGS) to identify trends and potential issues.
- Assist in developing inventory valuation methods and conducting periodic physical inventory counts.
- **Tax Compliance**:

- Ensure compliance with tax laws and regulations, including sales tax and payroll tax.
- Coordinate with external tax advisors for tax planning and filing of tax returns.
- Prepare and submit periodic tax reports and payments.
- **Financial Analysis**:

- Perform financial analysis to evaluate the profitability and efficiency of retail operations.
- Identify key performance indicators (KPIs) and develop reporting metrics to measure business performance.
- Provide insights and recommendations based on financial analysis to support strategic decision-making.
- **Systems and Process Improvement**:

- Evaluate and improve financial systems, processes, and controls to enhance efficiency and accuracy.
- Collaborate with cross-functional teams to implement best practices and optimize financial operations.
- Stay updated on industry trends, accounting regulations, and technology advancements relevant to the retail sector.
- **Qualifications**:

- Bachelor's degree in Accounting, Finance, or a related field. CPA (Certified Public Accountant) designation is preferred.
- Proven experience as an Accountant within the retail industry or a similar field.
- Strong knowledge of accounting principles, financial reporting, and tax regulations.
- Proficiency in financial analysis and using accounting software/systems.
- Excellent attention to detail and accuracy in data analysis.
- Strong analytical and problem-solving skills.
- Ability to work independently and meet deadlines in a fast-paced environment.
- Effective communication and interpersonal skills to collaborate with various stakeholders.

**Salary**: AED4,000.00 - AED5,000.00 per month

Ability to commute/relocate:

- Dubai: Reliably commute or planning to relocate before starting work (preferred)

**Education**:

- Bachelor's (required)

**Experience**:

- Accountant in UAE: 2 years (required)


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