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FINANCE OFFICER   (28701)

5 - 5 years
Posted: 2018-11-02

Industry
Recruitment/Staffing/RPO
Function
Finance & Accounts
Role
Accountant
Posted On
2nd Nov 2018
Job Ref code
35A796BF7939A2AC
Job Description
Primary Objective:This position requires accounting, financial and payroll skills at the same time. Rigour, accuracy, discretion and team spirit are some of the main qualities expected. Finance Officer commits to  "Finance Managers Code of Conduct" edited by CFOKEY TASKS / RESPONSIBILITIES:ACCOUNTING• Closely monitor and verify the accounts on a daily basis and handle all accounting functions, duties and responsibilities reporting directly to the Plant Manager• Manage accounts payables and accounts receivables• Handle cheque and transfer payments along with the review of monthly petty cash for Fujairah branch with preparation of monthly statement• Verification of monthly staff expense claims• Record and monitor all expenditures associated with the works and allocate across operations, maintenance, and administrative cost centres• Monitor stock and warehouse movements for the plant in coordination with the Maintenance Manager/Procurement officer• Organize yearly Inventory count with the Maintenance Manager/Procurement officer and the relevant reconciliations• Prepare monthly financial statements in accordance with local regulations and International Financial Reporting Standards• Ensure the reliability of accounts prepared (e.g. analysis of operational performance, of consistency between cash and accounting flows, and of variances in working capital)• Monitor and manage Company treasury requirements on a monthly basis and prepare cash flow forecast on a quarterly basis• Ensure compliance with VAT rules and perform quarterly VAT Returns• Coordination and implementation of Navision ERP for the branch PAYROLL  • Prepare monthly payroll (incl. overtime and stand-by allowances) for the Company and manage payroll processing in line with Wages Protection System requirements • Prepare monthly pension transfers for the relevant employees and related declarations • Initiate and manage any special projects required.REPORTING• Prepare monthly reporting as required by Group reporting and provide relevant analysis of the reporting compared to Budget and Last Year• Prepare quarterly efficiency plan reporting and justification of all savings• Prepare Budget, Forecasts and Long Term plan as per Group guidelines and times scheduleFINANCIAL• Ensure the proper enforcement of both accounting and internal control standards, as instructed by the  Group through its corporate procedures• Comply with recommendations outlined in the Group’s Ethics Guide, Competition Law Compliance Guide and Corporate Criminal Law Risk Management Guide, inform employees about these Guides, and ensure compliancy• Liaison with corporate bankers and manage banking relationship• Coordinate with external auditors to provide requested schedules/ledgers/accounting information• Ensure effective control of financial flows and transactions reported (in terms of accounting standards, inventory, regulatory environment, financial implications, contractual aspects, etc.); this implies unrestricted access to all necessary information• Ensure the quality of the control environment (compliance with the principles of segregation of duties, control of access to management systems, compliance with accounts closing procedures including, in particular, the preparation of an audit file and documentation of account reconciliations, etc) And perform any reasonable duty requested by the Plant Manager.QUALIFICATION / EXPERIENCE• Professional qualification CA, CPA• Minimum of 5 years’ practical experience in the related fieldKNOWLEDGE OF:• Good command of the English language both written and spoken.• Strong ability with computer tools / Computer Literate (MS Office)• Experience in accounting software (Navision, Tally, Peachtree, QuickBooks) and BIABILITIES:• Fluent in spoken and written English• Be autonomous in pursuit of job responsibilities• Rigorous in performing daily duties• Good analytical competencies

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