Finance Analyst- 1 year Contract Full Time NEW

Transguard Workforce Solutions is the UAE’s leading provider of unique and innovative HR solutions. With a decade of experience in the region and a team that possesses extensive knowledge of the market, we provide a fully integrated HR solution.

We are currently recruiting for a Finance Analyst (1-year contract) for our client, based in Dubai.

Purpose-

The job holder plays a key role in preparation and analysis of company’s financial accounting and maintains books of accounts on ERP systems with very minimum supervision. In addition to that provides necessary support to Finance Controller and other departments in maintaining unified controls, governance, accounting standards relevant to all business issues/concerns.

Responsibilities-

Financial Accounting Activities

• Passing JV’s as required to conclude month end and year end closing.
• Prepare GL schedules and reconciliations for balance sheet items and highlight to Controller.
• Responsible for finalization of annual accounts, as per local standards (where applicable) and international standards like IFRS in line with external reporting timelines.
• Participates in projects that require input and advice from Finance.

Accounts Payable

• Follow up with Group Financial Services to ensure that all payments are released on time.
• Generate report showing consignment stock report and analyse the turnover, the quantity and value associated with it.
• Check and analyse invoices mismatch list and provide with the clear clarifications and corrections of the same.
• Conduct intense analysis on AP accounts as well as supplier aging reports and provide with an action plan.

Fixed Assets & Projects Capitalization

• Closely interacts with operations and technical services departments/IT regarding projects which are commissioned and ensure its timely capitalization.
• Ensures that all projects are capitalized within the set time frame as laid out in the company’s procedures by providing details of ER’s and follow up with these departments.
• Issue monthly status to report on capitalisation.
• Assist the business units in asset upload and ensure that necessary details are included while upload.

Cash & Bank Reconciliations

• Preparing Bank Reconciliation all 3 Bank Account on daily basis. Inclusive of different MOP’s.
• Intimating Cashier for preparing receipt for Bank transfer all 3 Banks.
• Petty Cash Reimbursement claim checking for Account codes and Approval as per DOA.
• Perform a daily reconciling between the daily transactions from the system/website to what is received in NI portal and from NI portal to designated bank account.

Insurance

• Insurance Declaration.
• Insurance claim liaising with Group Insurance.
• Product in Transit Insurance Declaration.

Audit

• Dealing with the various Auditors such as the external, internal and Govt. auditors to resolve the queries raised by such auditors on various matters.
• Provide TB, required GL schedules, and other audit requirements for external Hard close and year end audit on timely manner.
• Manage Mid-Year, Hard close and Year end audit.

Inventory

• Obsolete Stores and Inventory Provision Review.
• Inventory Schedule Preparation.
• Passing Obsolete Stock Provision JV.
• Physical Stock Verification.

VAT Management

• Prepares information on VAT to internal, external and government audit.
• Ensure vendor invoices received for any payment discrepancy, verified if VAT is calculated correctly and accordingly payment is processed.
• Ensure accounting and posting of all vendor TAX invoices updated and entered in the system.
• Verify and issue TAX credit notes against any vendor payments TAX invoice variances, which refer to the original supply.

Skills-

• Accounting Background with professional qualification in hand. (ACCA,CA,CPA,CMA…etc)
• 5 to 10 years experience within Financial Accounting. At least medium – large size organization.
• Manage month end closing books of accounts. (Passing JV’s, accruals. Etc)
• Experience in preparing GL schedules, Cash and Bank reconciliations, Accounts Payables, Fixed assets and project capitalization, Insurance, VAT and Tax returns, External Audit requirements, Treasury and Inventory.