Role Purpose:
The Journal Keeping Accountant is responsible for maintaining accurate and up-to-date accounting
records for Voo Payment s day-to-day financial transactions. This role ensures that all financial data is
correctly recorded in the internal journal system, reconciled with supporting documents, and aligned with
CBUAE, IFRS, and AML/CFT compliance requirements. The role acts as the primary in-house
accounting support, working closely with the outsourced finance partner and compliance team.
Key Responsibilities:
1. Journal & Ledger Maintenance
- Record daily financial transactions (cash, POS settlements, collections, payables, receivables) in the
general journal.
- Post entries to ledgers and ensure proper classification (assets, liabilities, income, expenses, equity).
- Maintain subsidiary ledgers for retailers, merchants, collectors, and agents.
- Ensure accuracy of entries before submitting to outsourced finance partner.
2. Documentation & Reconciliation
- Collect, review, and file all supporting documents (receipts, invoices, collection slips, contracts,
settlement statements).
- Reconcile entries against bank statements, POS transaction reports, and collection sheets.
- Track retailer/collector deposits and reconcile with system balances.
- Support monthly reconciliations performed by outsourced finance partner.
3. Compliance & Audit Support
- Ensure all records meet CBUAE PSP regulatory requirements and AML/CFT internal SOPs.
- Maintain audit trails and provide evidence for Internal Audit, Compliance, or Central Bank inspections.
- Assist outsourced finance partner in VAT submissions, statutory filings, and audits by providing
complete, organized records.
4. Internal Controls & Reporting
- Follow approved Finance SOPs (transaction monitoring, segregation of duties, dual controls for cash
related entries).
- Prepare daily/weekly journal summaries and share with outsourced finance partner.
- Flag irregular entries, unusual transactions, or mismatched balances to Compliance and Finance
Manager.
- Support preparation of management dashboards (cash flow, AR/AP aging, POS settlements).
Qualifications & Skills:
- Bachelor s degree in Accounting, Finance, or related field.
- Minimum 2 3 years accounting/bookkeeping experience (fintech/PSP/payment industry experience
preferred).
- Knowledge of IFRS and UAE VAT regulations.
- Familiarity with PSP license requirements, CBUAE reporting, and AML/CFT frameworks is an
advantage.
- Strong skills in journal entry, reconciliation, and documentation.
- Excellent attention to detail and organizational skills.
- Proficient in MS Excel; experience with ERP/transaction systems preferred.
- Strong integrity, confidentiality, and compliance mindset.
KPIs / Performance Metrics:
- Accuracy Rate: % of journal entries posted without error.
- Timeliness: Daily/weekly entries completed within defined deadlines.
- Reconciliation Rate: Number of unreconciled items resolved within SLA.
- Audit Readiness: Completeness of documentation provided for audits.
- Compliance Alignment: Zero regulatory penalties due to record-keeping errors.
