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ghobashgroup

Senior Accountant

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JOB SUMMARY

Support the Chief Accountant in delivering the general accounting function, journal entries, balance sheet reconciliations, bank and AR/AP processing, fixed assets, and VAT. Drive an accurate, timely month-end close. Own incentive computations and inventory costing, ensuring all transactions comply with Company policy and IFRS.

DUTIES & RESPONSIBILITIES

Assist in month-end and annual close in the General Ledger

  • Analyse accounting activities and prepare journal entries.
  • Reconcile and maintain all assigned balance sheet schedules.
  • Prepare and maintain prepaid schedules (e.g. rent, general insurance, medical insurance, service contract costs).
  • Analyse and prepare cost accruals.

Daily bank position and monthly bank reconciliations

  • Identify daily activity in bank accounts.
  • Ensure all AR receipts are properly matched with invoices on a daily basis.
  • Post cleared AP payments to the system on a daily basis.
  • Update the bank position of all accounts daily and circulate to management.
  • Record bank interest and other bank charges.
  • Prepare all bank reconciliations on a monthly basis.

Accounts Receivable and Accounts Payable

  • Account all AR receipts daily and match them with the respective invoices.
  • Reconcile and tally the AR sub-ledger with the GL at month-end.
  • Account cash receipts and miscellaneous receipt vouchers to the correct account, amount, and period.
  • Book all supplier invoices with the correct allocation of amount, account, and period, after ensuring they tally with the GRN and Purchase Order.
  • Execute the AP payment process.
  • Review and process vendor payments in line with the internal business set-up and internal control norms.

Fixed Assets and general accounting

  • Maintain supporting documentation for all fixed asset transactions.
  • Coordinate periodic physical verification of fixed assets and reconcile with the FAR.
  • Track Capital Work in Progress (CWIP) and capitalize on commissioning.
  • Reconcile the fixed asset sub-ledger with the GL monthly and investigate variances.
  • Compute and post monthly depreciation and review useful lives and residual values.
  • Ensure capitalization of fixed assets in line with Company policy and IFRS.
  • Maintain the Fixed Asset Register (FAR) and record additions, disposals, transfers, and write-offs in the ERP.
  • Prepare and maintain staff medical insurance data; ensure invoices are billed at the agreed rate and credit notes are received for resigned employees.
  • Prepare debit/credit notes for related party transactions, reconcile related party balances monthly, obtain counterparty confirmations, and resolve reconciling differences.
  • Maintain the provision for bad debts schedule and prepare month-closing schedules for debtors.
  • Complete other tasks as may be assigned.

Financial reporting (monthly closing activity)

  • Perform month-end closing activities.
  • Assist the Chief Accountant in preparing financial statements and other financial reports.
  • Prepare and file the monthly/quarterly VAT return.

ERP and process knowledge

  • Apply hands-on experience in an ERP environment, with a sound understanding of the Procure-to-Pay and Order-to-Cash cycles.

Incentive plan calculation and payments

  • Calculate sales and staff incentives in accordance with the approved incentive plans and policies of the Company.
  • Validate eligibility, performance achievements, and supporting data (sales, collections, KPIs) prior to processing incentive payouts.
  • Prepare incentive workings, obtain required approvals from the Finance Manager and HR/Management, and ensure timely processing of payments through payroll or AP as applicable.
  • Maintain proper documentation, accruals, and reconciliations of incentive provisions in the books of accounts.
  • Periodically review incentive plan computations for accuracy and compliance with policy revisions.

Inventory landed costing and cost adjustments

  • Ensure accurate computation and posting of landed costs for all inventory purchases, including freight, customs duty, clearing, insurance, and other related charges.
  • Review and validate landed cost allocations across items and shipments in the ERP system.
  • Monitor and process inventory cost adjustments, revaluations, and corrections on a timely basis.
  • Reconcile the inventory sub-ledger with the GL and investigate variances arising from costing.
  • Coordinate with Supply Chain, Procurement, and Warehouse teams to ensure completeness and accuracy of cost data.
  • Bachelor’s Degree in Accounting, Finance, or a related field from a recognized university or institution.
  • Fully or Part-qualified professional certification (CA / CPA / ACCA / CMA).

Experience

  • At least 3 years’ experience as a Senior Accountant in a similar-sized business.
  • Experience in incentive calculation and inventory costing
  • Relevant experience working in an ERP environment (Oracle / SAP preferred).
  • Experience with general ledger functions and the month-end / year-end close process.
  • Thorough knowledge of accounting procedures and internal controls.

ACCOUNTABILITIES

  • Accurate and timely month-end and year-end close of the General Ledger.
  • Timely, reconciled bank, AR/AP, and balance sheet schedules with variances investigated.
  • Correct computation and posting of inventory landed costs and cost adjustments.
  • Accurate calculation and processing of sales and staff incentive payouts.
  • Compliant and timely filing of monthly/quarterly VAT returns.
  • Compliance of all transactions with Company policy and IFRS.
  • Complete and accurate supporting documentation (FAR, schedules, reconciliations).
  • Adherence to internal controls in the vendor payment process.
  • Effective coordination with Supply Chain, Procurement, Warehouse, and internal teams.
  • Timely circulation of the daily bank position to management.