Senior Accountant – Texcel Mech Electromechanical Works LLC

Position Title: Senior Accountant

Department: Finance/Accounting

Reports To: Accounting Manager/Controller

Location: Dubai

Job Type: Full-Time

Position Summary:

The Senior Accountant is responsible for overseeing and performing accounting tasks with a focus on ensuring accuracy, compliance, and timeliness in all financial transactions. This role involves preparing financial statements, managing general ledger activities, coordinating audits, reconciling accounts, and ensuring compliance with accounting principles and company policies.

Key Responsibilities:

1. Financial Reporting & Analysis:

• Prepare monthly, quarterly, and annual financial statements, including balance sheets, income statements, and cash flow statements.
• Perform variance analysis, highlighting key financial trends and discrepancies, and making recommendations for improvements.
• Ensure that financial reports are prepared in compliance with generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS), as applicable.

1. General Ledger Management:

• Oversee and maintain the general ledger, ensuring all transactions are accurately recorded.
• Prepare journal entries and adjustments for month-end and year-end closing processes.
• Review and approve entries made by junior accountants, ensuring accuracy and consistency.

1. Reconciliations:

• Perform monthly bank and balance sheet account reconciliations, identifying and resolving discrepancies.
• Ensure timely and accurate reconciliation of intercompany accounts, fixed assets, and other key areas.

1. Audit & Compliance:

• Assist in the preparation for internal and external audits by ensuring all required documentation is accurate and readily available.
• Support the audit process by preparing audit schedules and responding to auditor inquiries.
• Ensure compliance with company policies, legal regulations, and accounting standards.

1. Tax Compliance:

• Assist in the preparation of tax filings (e.g., VAT, sales tax, income tax) and work with tax consultants to ensure compliance with local, state, and federal tax regulations.
• Assist with the preparation of tax provisions, as needed.

1. Process Improvement:

• Identify opportunities to streamline accounting processes and implement best practices to increase efficiency and accuracy.
• Implement new accounting software or systems upgrades when needed.

1. Team Leadership & Mentorship:

• Provide guidance and training to junior accountants and other accounting staff, ensuring proper understanding of accounting policies and procedures.
• Review and approve work prepared by junior team members.

1. Budgeting & Forecasting Support:

• Assist in preparing annual budgets and periodic forecasts.
• Provide analytical support to leadership in assessing financial performance against budget and forecast.

1. Ad-hoc Projects:

• Support other departments in special accounting or financial analysis tasks.
• Lead or participate in special accounting projects as needed by the finance department.

Qualifications:

• Education:
• Bachelor’s/ Master’s degree in Accounting, Finance,
• Experience:
• Minimum of 5 years of experience in accounting, with at least 2 years in a senior or lead role.
• Strong knowledge of accounting principles, financial reporting, and general ledger management.
• Previous experience with ERP software (e.g., SAP, Oracle, QuickBooks) and Microsoft Excel.
• Skills & Competencies:
• Strong attention to detail and accuracy.
• Excellent problem-solving and analytical skills.
• Ability to work independently and as part of a team.
• Strong organizational and time-management skills with the ability to meet deadlines.
• Excellent verbal and written communication skills.
• Ability to handle sensitive information and maintain confidentiality.
• Other Requirements:
• Strong understanding of accounting regulations and financial legislation.
• Proficiency with Microsoft Office Suite, particularly Excel, and accounting software.
• Ability to manage multiple tasks and prioritize work efficiently.

Working Conditions:

• Full-time position, with potential for overtime during peak periods (e.g., month-end or year-end close).
• Office-based role.
• Occasional travel may be required for audit or other business needs.