Accountant Treasury Finance Dubai

Full time @Gulf Marketing Group in Accounting
  • Dubai, United Arab Emirates, Dubai, 20000 View on Map
  • Post Date : April 23, 2022
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Job Detail

  • Job ID 191413

Job Description

GMG is a global well-being firm that sells, distributes, and manufactures a portfolio of top international and domestic brands in the sports, food, and health categories. Its mission is to motivate people to win in ways that benefit the entire globe. GMG’s investments now are divided into four categories: GMG Sports, GMG Food, GMG Health, and GMG Consumer Goods. It has grown into a prominent global firm, linked with the world’s most successful and respected brands in the well-being industry, under the Baker family’s ownership and management. GMG has brought more than 120 brands into its markets spanning the Middle East, North Africa, and Asia.

About the Role:

Under the supervision of the manager/superiors, the position holder is responsible for completing different duties related to accounts payable, fixed assets, accounts receivable, general ledger, treasury, payroll, and financial planning for GMG business units. The role holder is responsible for carrying out day-to-day activities as assigned by superiors while adhering to the GMG group’s policies and procedures. The primary focus of the post holder will be treasury.

Core Responsibilities:

General Ledger

  • Executes all monthly general ledger procedures including journal entry preparation, discrepancy resolution, and account analysis for GMG’s respective business unit: * o Entering direct journal vouchers (e.g. related to Payroll) * o Reconciling Sub ledgers with General Ledger * Informs and follows-up with the Manager if reconciliation between general ledgers accounts and subsidiary ledgers are not met. Records all adjusting, closing and reversing entries to attain reconciliation in such cases (after the requisite approval)

Accounts Payable

  • Executes for all monthly accounts payable procedures, for GMG’s respective business unit, including preparing journal vouchers and batches for entry of payment transactions (payments, debit notes, credit notes, invoices) related to accounts payable into the General Ledger with respect to all the purchases, expenses and goods outwards: * o Entering invoices in system * o Invoice matching * o Invoice discrepancies * o Creating payments (Cheques, Cash etc. as required) or applying prepayments * o Creating debit/credit Notes * o Stopping payments * o Payment Reconciliation * Prepares accounts payable cheques and wire-transfers with payment vouchers for necessary approval * Periodically makes reconciliations with major suppliers/vendors/contractors and arranges for balance confirmations

Accounts Receivable

  • Executes for all monthly accounts receivables procedures, for GMG’s respective business unit, including preparing journal vouchers and batches for entry of receivables transactions (receipts, debit notes, credit notes) into the General Ledger + o Entering information in the system + o Payment discrepancies + o Maintaining customer files + o Following up on collections + Receives payments and receipts, record them and performs matching and remittance

Fixed Asset
+ Executes all monthly fixed assets procedures including maintaining the Fixed Assets master file to ensure the accurate tracking of all fixed assets for the GMG’s respective business units + Receives invoices of fixed assets in order to match with the addition/capitalization of a new fixed asset into the system + Assists with the preparation of the yearly statement of capital assets written off during the year for different departments to show how they were disposed of for management information

+ Performs daily reconciliation between banks accounts (all currencies) as per the bank statement and own records of treasury transactions
+ Conducts, periodic, maturity analysis for the lines of credit obtained by GMG Group and updates the manager to ensures the availability of funds to meet the matured amount
+ Executes as per the policies for hedging strategies and for managing foreign currency requirements
+ Directs the cash balances available in GMG Group’s various (Banks/Correspondences) accounts by all currencies and performs the re-allocation of funds to ensure that the optimum return on the GMG Group’s funds is always attained

+ Processes salary and benefits entitlements and ensures authorization of monthly payroll as per established policies and procedures + Verifies a variety of payroll related information (e.g. time sheets, direct deposits, wage attachments, benefits, etc.) for the purpose of ensuring accurate distribution of funds and payroll and escalates any discrepancy to the senior authorities + Executes as per the established controls and procedures while performing reconciliation checks in the payroll processing and payments to ensure quality of delivery and compliance with standard processes + Provides the interpretation of the payroll policy related to employee entitlements and concerns regarding benefits, leave, pension as and when required in collaboration with the Human Resources Department

Financial Planning
+ Prepares and submits financial analysis to the departments and develops all types of short and long term financial projections/forecasts/plans in accordance with the department’s strategies and GMG’s overall objectives and directions, as guided by the seniors + Conducts feasibility studies, financial due diligence, financial modeling & valuations, financial projections and other type of financial analysis to support decisions related to acquisitions, projects development etc.
+ Prepares forecasts of demand and estimates of revenue for the group, or assigned business unit, or assigned stores in the group + Performs budgeting activities in compliance with GMG’s approved Budgeting Policies & Procedures reflecting the department’s strategies and GMG’s overall objectives and directions Other responsibilities + Prepares the necessary monthly reports and the requested ad-hoc summaries/reports as may be requested by the seniors, related to- + o Sales, Margins + o Customers + o Stocks, Inventory, Port Shipments, Distributions, Freight, Customs, Shipment Delays etc. + o Budget Utilization + o Business Performance including Cash Flow, P&L statements + o Retail Productivity Metrics + Coordinates with auditors as needed on research/resolution of any accounting issues/discrepancies Qualification: * Bachelor’s degree in Finance, Accounting or Business Administration * Master’s degree in Finance, Accounting or Business Administration, is preferred * Knowledge of International accounting Standards (e.g. IFRS) * Knowledge of Accounting systems and software

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