Finance Graduate

4 weeks ago


Abu Dhabi, United Arab Emirates Skill Farm Full time
Role Overview:

The Accounts Executive is responsible for working closely with the accounting team, Stores, SSF and tax department to provide support in managing business requirement on daily basis relating to smooth running of the business

Ensure that all business information and accounting figures are constantly monitored & accurately maintained so as to reflect a true and fair view of the company in the Business Financial & Performance Reports

Requirements:

Balance Sheet Substantiation

Constantly monitor and maintain the books of accounts (G/L, sub ledger) accurately to reflect true and fair view of the company in the performance reports

G/L schedules - scrutinize and prepare G/L schedules for review by line manager

Month end Sales & Collection Entries Booking

Coordinating with Cash office team on daily basis with regards to Open Cash collection summary statements for Stores, Central Unit & Restaurants

Support Cash office team in resolving system issues, in coordination with IKEA IT Team

Monitoring Cash Collection Reconciliation Reports on regular basis for Stores, Central Unit & Restaurants

Month End-Reconciling the Collection Summary in Navision, check accuracy and posting the entries to SAP Financials

Posting other month end provision entries in SAP

E-Com

Online sales

Daily reconciliation of E-Com Debtors, Receipts, E-Com Sales, Deferred Sales, Tax & Deferred Tax accounts

E-Com Master Card clearing account-to import online payment entries in Navision & reconcile the receipts

Cash on Delivery

Daily reconciliation of COD Debtors, Sales, Tax, Deferred sales & Tax

Follow up and reconcile Cash collection from Service providers-To receive daily cash collection report and reconcile with the sales & delivery data.

Import payment entries in Navision, reconcile & settle the cash receipts

Coordinating with the Third-party service providers on variance & resolving the issues in coordination with IKEA Call Center Team & Central Unit Team

Coordinating with IKEA IT Team on system issues and resolving it

Forwarding the pending COD order listing to Central Unit team & following up on clearing the same

VAT Documentation & Reconciliation

Maintain accurate VAT documentation

Reconciliation of VAT entries between Navision & SAP

Ensuring accurate VAT filing done on monthly basis

Purchase Booking

Foreign & Local Vendors Purchase booking in SAP

Purchase entries to be checked in Navision & booked in SAP

Coordinating with Store In store Logistics Team on clarifying variance, if any

Inventory

Prepare analysis on inventory and ageing and monitor stock provisioning

Track GL accounts for provisions for merchandise clearing and monitor add on load factor rates used

Monthly booking of inventory related entries between Navision & SAP

Maintaining of Inventory movement records and documentation pertaining to each Inventory related GL in Navision

Coordinating with Store In Store Logistics Team for any variance between the Stores & IFB

Accounts Payable

Coordinate, review and ensure with Shared Service AP team, Vendor related control GL accounts are reconciled and necessary action taken on a continuous basis.

Internal Controls and Policies

Ensure compliance with group accounting and financial policy

Work with store teams to handle VAT related compliance all the time in store

Required Skills To Be Successful

Working knowledge of excel and MS office packages,

Knowledge of accounting software package preferably ERP such as SAP & Navision .

Knowledge of Tax filling is an advantage.

What equips you for the role

Minimum 3-5 years of experience working as Accounts Executives in any reputable organization.

Experience of Tax accounting is an advantage.
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