Financial Specialist for Educational Institutions
1 month ago
We are looking for a skilled and meticulous Accountant to enhance our financial department. The successful candidate will have a minimum of 5 years of accounting expertise in the UAE, with at least 3 years in an educational environment. This position is crucial for overseeing the financial activities of the institution, ensuring adherence to regulatory standards, and contributing to the financial health and advancement of our organization.
Key Responsibilities:
- Prepare and deliver precise financial reports, including balance sheets, income statements, and cash flow analyses.
- Conduct thorough financial assessments and offer insights to facilitate informed decision-making and strategic initiatives.
- Establish and track financial performance metrics, providing actionable recommendations for enhancements.
- Oversee accounts payable, ensuring accurate verification and processing of invoices, reconciling supplier statements, and timely payments.
- Manage accounts receivable, including invoicing students/parents, monitoring outstanding payments, and overseeing collection efforts.
- Reconcile bank statements and ensure the accuracy of all financial transactions.
- Maintain comprehensive financial records, ensuring all transactions are properly documented and organized.
- Ensure compliance with accounting principles and internal control protocols.
- Prepare and organize documentation for audits and regulatory assessments.
- Assist in formulating annual budgets, including revenue and expense forecasting.
- Monitor budget performance and conduct variance analysis, providing regular updates to management.
- Support the creation of financial plans and forecasts that align with strategic objectives.
- Ensure compliance with UAE financial regulations, tax laws, and institutional policies.
- Coordinate and assist with internal and external audits, preparing necessary documentation and addressing any findings.
- Implement and uphold effective internal controls to protect institutional assets.
- Oversee payroll processing, ensuring accurate and timely management of salaries, benefits, and deductions.
- Manage employee payroll records, including tax documentation and benefit enrollments.
- Utilize accounting software and systems proficiently, ensuring data accuracy and system integrity.
- Develop and enforce financial procedures and policies to enhance efficiency and precision.
- Provide training and support to staff regarding financial processes and systems.
- Collaborate with various departments to deliver financial insights and support operational requirements.
- Assist in financial planning for school-related events, projects, and initiatives.
- Address financial inquiries from staff, management, and external stakeholders.
Requirements
- Experience: A minimum of 5 years of professional accounting experience in the UAE, with at least 3 years in an educational institution or school setting.
- Education: Bachelor’s degree in Accounting, Finance, or a related field. A professional accounting qualification (e.g., CPA, ACCA) is highly desirable.
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