Chief Accountant (Jewellery Background)

Location: United Arab Emirates
Date Posted: July 21, 2020
Job ID: 4661
Employment Type: Permanent

The purpose of the Chief Accountant position is to manage the execution and implementation of accounting policies and procedures, budget compliance, reporting, contracts and any other financial transactions of the company.
  • Support Senior Management in managing the day to day Accounting and Financial operation.
  • Analyzes budget patterns and expenditure.
  • Identify and communicates over-expenditure to department heads.
  • Approve expenditure throughout the budgetary period.
  • Provides financial reports and analytics to support business decision making.
  • Supervise payroll processing, payables, receivables, fixed assets, general ledger and tax functions and maintain
    up-to-date accounting records.
  • Coordinates with sales and support departments to determine the proper profit sharing percentages, pricing
    methodologies and cost centers.
  • Oversees inventory and stock control to ensure compliance with company policies
  • Set ordering systems, and compare existing items to order requisitions.
  • Ensures that the financial policies and practices are consistent with governmental laws and regulations.
  • Administers the General Ledger (GL) and reports related business processes and services including processing
    and reporting of periodic account, maintenance of the Chart of Accounts (COA), currency maintenance and
    journal processing
  • Ensure compliance with finance and accounting processes, policies and procedures.
  • Coordinate between external auditors and Audit committee for the external audit.
  • Forecast financial surpluses and deficits as well as liquidity management.
  • Monitor the financial performance of company investments and ensure the timely preparation and receipt of periodic reports.
  • Manage financial risks (e.g. pricing and cost variation, interest rate and exchange rate risk)
  • Ensure that Accounting department employees carry out their duties in accordance with the requirements of
    the performance standards and code of ethics.
  • Provide guidance and leadership to the Accounting team, and ensure that they have the proper technical and
    professional capabilities needed to meet the department requirements.
  • Provide CFO with adequate information to carry out his/her responsibilities.
  • Conduct annual performance appraisals to review employees’ performance in the Accounting department,
    recommend salary increases, rewards and promotions, and carry out disciplinary meetings when needed.
  • Liaise regularly with senior management in order to understand ongoing changes in business activities and
  • Conduct any other activities relevant to the job.
  • Bachelor Degree in Accounting, CMA/ CPA or relevant professional certificates is preferable
  • Minimum 10 years of professional experience in accounting and financial management, 4 of which as head of an accounting team in the jewellery industry.
  • Knowledge in control systems and leading financial procedures, international market and industry
    knowledge, knowledge in ERP systems, strong technical knowledge in leading accounting practices
Salary: 15-18k
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