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Financial Analyst Lead

1 week ago

Dubai, Dubai, United Arab Emirates invygo Full time

We're seeking an experienced Financial Analyst Lead to join our team at invygo. As a key member of our accounting department, you'll be responsible for managing the monthly closing process, revenue reconciliation, and collaborating with the collections department.

Responsibilities:
  1. Monthly Closing Process:
  • Lead the monthly financial closing process for multiple locations.
  • Ensure all financial transactions are accurately recorded and reported.
  • Prepare and review journal entries, account reconciliations, and financial statements.
  • Perform detailed revenue reconciliations to ensure accuracy and completeness.
  • Identify and resolve discrepancies between reported revenues and actual figures.
  • Work closely with the sales and operations teams to validate revenue data.
Collaboration with Collections Department:
  • Coordinate with the collections department to track and reconcile receivables.
  • Assist in the analysis and reporting of aged receivables.
  • Ensure timely and accurate application of cash receipts.
Prepayments and Accruals:
  • Manage and reconcile prepayment accounts.
  • Calculate and record monthly accruals.
  • Prepare supporting schedules and documentation for prepayments and accruals.
Financial Schedules and Reporting:
  • Prepare various financial schedules, including fixed assets, depreciation, and amortization schedules.
  • Ensure all schedules are updated and reconciled monthly.
  • Assist in the preparation of financial reports for management and external stakeholders.
VAT Compliance:
  • Ensure compliance with VAT regulations for all transactions.
  • Prepare and submit VAT returns accurately and on time.
  • Maintain up-to-date knowledge of VAT laws and regulations.
Internal Controls and Process Improvement:
  • Maintain and improve internal controls related to financial reporting.
  • Identify areas for process improvement and implement best practices.
  • Participate in audits and provide necessary documentation and support.
Requirements:
  • Bachelor's degree in Accounting, Finance, or related field.
  • Minimum of 4-5 years of experience in accounting, with a focus on financial close and reconciliation.
  • Strong knowledge of VAT regulations and compliance.
  • Proficient in accounting software and MS Excel.
  • Excellent analytical, organizational, and problem-solving skills.
  • Strong attention to detail and ability to work under tight deadlines.
  • Effective communication and interpersonal skills.