Senior Accountant Gulf Medical University L.L.C

1. Financial accounting and bookkeeping:

• Maintain the general ledger, ensuring accuracy, completeness and compliance with accounting principles.

• Record daily financial transactions, including revenue, expenses, assets, and liabilities.

• Reconcile all accounts monthly, including bank accounts, accounts payable, and accounts receivable.

·       Prepare and post journal entries for accruals, prepayments and depreciation

2. Financial reporting:

·       Assist in preparation of monthly, quarterly and annual financial statements including Profit and Loss, Balance Sheet and Cash Flow statement ensuring IFRS compliance.

·       Prepare month-end and year-end closing processes

·       Assist with ensuring financial reports are accurate, timely, and aligned with internal policies and external regulatory requirements

3. Budgeting, Forecasting and Variance Analysis:

• Assist with preparation of annual budget.

• Prepare variance analyses report (actual vs budget).

4. Audit, Tax and regulatory Compliance:

• Assist in internal, statutory and tax audits

• Assist in compliance with UAE VAT, corporate tax, and other financial regulation.

• Timely filing of VAT and regulatory reports in accordance with UAE regulations.

6. Accounts Receivable & Payable Management:

• Oversee billing and collections of business operation

·       Manage customers’ accounts, including posting payments, adjusting accounts, and reconciling any discrepancies

• Process and record vendor invoices, matching them with purchase orders and ensuring accuracy.

• Manage the payment cycle, including processing payments and ensuring timely payment of all invoices.

• Reconcile accounts payable sub-ledger with the general ledger and verify any discrepancies.

7. Fixed Asset & Inventory Accounting:

• Maintain the fixed asset register, ensuring accurate capitalization, depreciation, and disposal entries.

• Conduct regular physical verification of assets and reconcile with the fixed asset register as per organization policy.

·       Prepare monthly depreciation entries and report on asset status

• Oversee inventory accounting, including valuation and consumption of consumable items

Reconcile physical inventory counts with book balance and verify any variances