Manager - GL and Closing (UAEN Talent Pool)

Manager - GL and Closing (UAEN Talent Pool)

United Arab Emirates

Job Description

Core Duties & Responsibilities

Financial accounting, Control, Reporting and Audit

• Ensures accuracy, integrity, quality and timeliness of all general ledger accounting / transactions in compliance with the applicable accounting and reporting standards
• Coordinates all aspects of and continually improve monthly and annual close process such as accrual entries, revenue recognition and expense reporting including appropriate account reconciliations in order to ensure the timely and completeness of the accounting close including year-end closing of accounting systems
• Be a custodian of the GL accounts and drive controllership and compliance through financial and operational excellence
• Manage statutory and other audits as necessary and ensure successful compliance and closure
• Prepares / reviews all General Ledger accounting transactions, journal entry transactions and supporting documents prepared by Outsourced team, ensures completeness and accuracy, integrity and quality of all general ledger transactions
• Resolves any issues arising from general ledger processing anomalies as quickly as possible
• Prepares / reviews the financial statement of the group entities and also prepare the consolidation

Balance Sheet Reconciliations

• Ensures that risk management framework is in place and the required reconciliation and data checking processes are acted on and/or resolved in a timely manner
• Responsible to prepare / review necessary balance sheet account reconciliations and journal entries as applicable and ensuring that any gaps or variances between the books of accounts or systems are addressed on a regular basis. Ensure all the variances and open items are resolved within 90 days and ledgers are accurate and representative

Team Coordination

• Work in coordination with other finance sections such as P&B, AP, AR, Treasury and Real Estate, VAT and Corporate Tax, Payroll, Policies and procedures, FA teams and assist Planning & Budgeting team by responding to queries in relation to accounting transactions

Leadership in EY Partnership for the Section

• Coach the EY team to accomplish their assigned tasks
• Proactively acts required in ensuring adherence to service levels for the section including putting in place/driving actions required to bring service levels back in line (if required)
• To monitor the performance of EY to ensure optimum performance
• Timely communication of process changes and other relevant information related to DWTC and the section
• Ensures the activities of the outsourced General Ledger team comply with DWTC’s internal control policies and procedures and effective measurement SLA and KPI

Process Improvement, Enhance Internal Controls and Audits

• Develop, manage, review and improve policies and procedures compliance in the GL. Analyse, improve and enhance internal control compliance. review, monitor and manage performance reporting of outsourced & DWTC team
• To address and drive closure to issues pertaining to Internal Audit
• To drive and lead initiatives to enhance process capability and internal controls for the section
• To support other initiatives as required by the Finance Management to improve efficiency and effectiveness of processes
• Formulates accounting solutions for new transactions and resolves any discrepancies regarding complicated transactions or general ledger issues
• Ensures the activities of the operational staff reporting to Finance comply with DWTC’s internal control policies and procedures
• Provides input into the continuing review and improvement of General Ledger policies and procedures as required
• Leads in coordination and preparation for internal, external and government financial audits

Customer Centricity

• To ensure customer satisfaction by proactively addressing concerns/issues and requests from business units
• To drive projects/initiatives which will streamline/enhance the Finance service capability to the business units
• Participate in business units’ initiatives which will impact the Finance Department
• Engage with business units on a periodic basis to get feedback on the quality of Finance service delivery and understand and address challenges, if any
• Office based
• Adaptability and flexibility is required

Formal Education

University degree in Finance/Accounting

Work Experience

• At least 5 years post-qualification experience, and working knowledge of International Financial Reporting Standards (IFRS)
• Demonstrate experience using Microsoft applications & other systems
• Experience in financial statement preparation and consolidation using an advanced consolidation tool will be an added advantage

Skills & Knowledge

• Excellent attention to details and analytical skills
• Working knowledge of Excel, Word, Power point is required, and ERP knowledge is preferred
• Good communication skills both speaking and writing
• Recent updates of IFRS and new laws and regulations