Internal Auditor / Accounts Manager Abdulwahed Bin Shabib Investment Group LLC

Job Overview: We are seeking a highly skilled and experienced Accounts Manager to oversee the financial operations within our organization. The ideal candidate will ensure the financial health and stability of the organization through meticulous financial planning, analysis, and reporting.

Key Responsibilities:

1. Financial Management:

• Oversee all financial operations including budgeting, forecasting, and financial planning.

• Develop and implement financial policies and procedures to ensure effective financial management.

• Monitor and control the organization’s financial performance, identifying areas for improvement.

2. Accounting:

• General Ledger Management:

• Maintain the general ledger, ensuring accuracy and completeness of all financial transactions.

• Supervise monthly, quarterly, and annual closing processes, ensuring timely and accurate reporting.

• Accounts Payable and Receivable:

• Oversee accounts payable processes, including invoice processing, payment approvals, and vendor reconciliations.

• Manage accounts receivable processes, including invoicing, collections, and customer account reconciliations.

• Payroll Management:

• Oversee payroll processing, ensuring timely and accurate payment of salaries and benefits.

• Ensure compliance with all relevant labor laws and regulations.

• Fixed Assets:

• Maintain and manage the fixed asset register, ensuring proper capitalization, depreciation, and disposal of assets.

• Conduct periodic physical verification of fixed assets.

• Taxation:

• Ensure compliance with all applicable tax regulations, including VAT and corporate tax.

• Prepare and file tax returns, ensuring accuracy and timeliness.

3. Accounts Receivable:

• Reconciliation:

• Perform regular reconciliation of accounts receivable from customers, ensuring accuracy and completeness.

• Reconcile payments received with billed amounts, identifying and addressing any discrepancies.

• Maintain detailed records of all transactions and communications with customers

• Collections:

• Develop and implement strategies to expedite the collection of outstanding receivables from customers

• Maintain a log of all collection activities and follow up on overdue accounts.

• Reporting:

• Prepare and present detailed reports on accounts receivable, including aging reports and collection status.

• Analyze trends in receivables and identify areas for improvement in the billing and collection process.

• Any ADHOC financial report required by the management

• Financial Reporting:

• Prepare and present financial statements, including profit and loss statements, balance sheets, and cash flow statements.

• Ensure financial statements are prepared in accordance with international financial reporting standards (IFRS) and local regulations.

• Any ADHOC financial report required by the management

• Audit and Compliance:

• Coordinate and manage internal and external audits, ensuring timely completion and resolution of audit findings.

• Develop and implement internal controls to safeguard the organization’s assets and ensure accuracy of financial information.

• Bank Reconciliations:

• Perform regular bank reconciliations to ensure accuracy of cash balances and identify discrepancies.

• Liaise with banks to resolve any issues or discrepancies.

4. Financial Analysis:

• Analyze financial data to identify trends, variances, and opportunities for cost reduction.

• Prepare comprehensive financial reports for senior management, including profit and loss statements, balance sheets, and cash flow statements.

• Provide financial insights and recommendations to support strategic decision-making.

5. Budgeting and Forecasting:

• Lead the budgeting process, working closely with department heads to develop and monitor budgets.

• Forecast financial outcomes based on historical data, market trends, and organizational goals.

6. Compliance and Risk Management:

• Ensure compliance with all relevant financial regulations and standards in the UAE.

• Develop and implement risk management strategies to mitigate financial risks.

• Liaise with external auditors, tax advisors, and regulatory authorities as needed.

7. Team Leadership:

• Lead and mentor the finance team, providing guidance and support to enhance their professional development.

• Foster a collaborative and high-performance work environment within the finance department.

Other Responsibilities

• Management holds the authority to modify your assigned working sector within the group

• Management can ask ADHOC financial reports