Accountant

Company Description

COEGA Sunwear is a homegrown UAE brand that started in Dubai to meet the need for stylish, protective sunwear for the whole family. From its original pool shoe, the company has expanded into a wide range of mix-and-match UV50+ rated swimwear, now available in over 100 retail outlets and various online platforms across the GCC.

Role Description

We are seeking a highly skilled, experienced and detail-oriented Accountant to join our team. The ideal candidate will be responsible for managing financial records, preparing accurate reports, handling VAT Tax returns & Corporate Tax, and ensuring compliance with UAE financial regulations. This is a contract, on-site role based in JAFZA.

Responsibilties

• Maintaining the general ledger and ensuring sales, purchases and journals are posted accurately and on time across group entities.
• Prepare periodic (monthly) balance sheets, income statements and cash flow statements.
• Budgeting and forecasting: preparation and consolidation of the annual budget and quarterly forecasts.
• Handle payroll processing, salary-related journal entries, accruals, provisions and payroll reconciliations.
• Conduct variance analysis on gross profit by product and customer, slow-moving stock and inventory holding, and present actionable insights to senior management.
• Manage cash flow by monitoring and updating cash flow reports, forecasting accounts receivable and accounts payable, and coordinating payment schedules with suppliers.
• Reconcile bank statements and ensure accuracy of cash balances.
• Manage accounts payable and accounts receivable processes, including timely vendor payments and customer invoicing.
• Prepare and file the VAT group return on time.
• Lead the implementation of UAE e-invoicing.
• Calculate product prices, conduct gross profit analysis and input approved pricing into the Product Lifecycle Management (PLM) system.
• Calculate discounts requested by the sales team and ensure compliance with company policies and profitability targets.
• Review stock reconciliation files for finished goods and raw materials, approve inventory adjustments within agreed limits and set provisions for bad debts and slow-moving stock.
• Provide external auditors with schedules and documents for the annual audit and supply the data needed for corporate tax filing.
• Create, maintain and update departmental policies and procedures files.

Note: The responsibilities and requirements outlined above are intended to be representative, but not all-inclusive, of the responsibilities and qualifications necessary for this position. Other related duties may be assigned as required to meet the ongoing needs of the organization.

Education

• Bachelor’s degree in Accounting.
• ACCA, CIMA, CPA or similar qualification is preferred.

Experience

• Minimum 5 years’ experience in an Accounting or Finance Department, with 3 year experience in General Financial Accounting and 2 years in Cost Accounting. ( essential ).
• Highly proficient with accounting software. Minimum 3 year experience with accounting software, QuickBooks preferred, but other globally recognized software is acceptable. ( essential ).
• Proven UAE VAT return experience.
• Strong hands-on bookkeeping, general ledger and month-end close experience
• Experience supporting external audits and responding to auditor queries.
• Experience working on ERP systems.

Technical Skills

• Excel – A strong knowledge of Pivot Table and VLOOKUP is a MUST. This skill will be tested at the interview stage (essential).
• Strong understanding of QuickBooks and efficient methods of transaction processing.
• Ability to gain a strong understanding of the Fishbowl software and it’s capabilities to automate workload using csv imports and report exports as well as it’s integration with the QuickBooks software.
• Understanding workflow of an ERP system from Sales Order to Cash and also Purchase Order to Payment.
• Proficient in Microsoft Office Suite or similar software.

Other Skills

• Excellent organizational skills and attention to detail.
• Understanding of and ability to adhere to generally accepted accounting principles.
• Excellent written and verbal communication skills.
• Experience with stock counts, reconciliations and variance investigation
• Knowledge of contract principles and procedures.