Job
Description
Key Responsibilities: Bookkeeping and General Ledger Management: Recording day-to-day financial transactions (purchases, sales, receipts, payments). Maintaining and reconciling general ledger accounts. Ensuring accuracy and completeness of all financial data entered into accounting systems (e.g., Tally, QuickBooks, Xero, Zoho Books). Managing chart of accounts. Accounts Payable (AP) and Accounts Receivable (AR): Processing supplier invoices, verifying accuracy, and scheduling payments. Managing vendor accounts and resolving discrepancies. Preparing and issuing sales invoices to clients/customers. Monitoring customer accounts, following up on overdue payments, and managing collections. Reconciling AP and AR subsidiary ledgers to the general ledger. Bank Reconciliation: Performing regular bank reconciliations for all company/client bank accounts. Investigating and resolving any discrepancies between bank statements and accounting records. Month-End and Year-End Closing Procedures: Assisting with month-end and year-end closing processes. Preparing journal entries for accruals, prepayments, depreciation, etc. Assisting in the preparation of financial statements (Profit & Loss, Balance Sheet, Cash Flow). VAT and Tax Compliance (especially for GCC Verticals): Assisting in the preparation and filing of VAT returns for GCC clients (e.g., UAE, KSA). Ensuring compliance with local VAT laws and regulations. Maintaining records for VAT purposes and assisting with VAT reconciliations. Assisting with other tax-related computations and filings as required (e.g., withholding tax, corporate tax support). Financial Reporting and Analysis: Assisting in the preparation of Management Information System (MIS) reports. Providing support for budgeting and forecasting processes. Performing basic financial analysis as required. Payroll Processing (if applicable): Assisting with payroll calculations, ensuring compliance with local labor laws (e.g., WPS in GCC). Processing salary payments and maintaining payroll records. Fixed Asset Management: Maintaining the fixed asset register. Calculating and recording depreciation. Communication and Coordination: Liaising with internal departments and external parties (banks, suppliers, clients) on accounting matters. Responding to queries from senior management or clients. Process Improvement: Identifying opportunities for improving accounting processes and internal controls. Assisting in the implementation of new accounting software or systems. Assisting in Audit Planning: Understanding the client's business and industry. Assisting in the development of audit plans and programs under supervision. Preparing schedules and checklists for audit fieldwork. Performing Audit Procedures (Fieldwork): Vouching: Examining supporting documents (invoices, receipts, bank statements) to verify transactions. Verification: Confirming the existence, ownership, and valuation of assets and liabilities. Testing of Internal Controls: Performing tests to evaluate the effectiveness of the client's internal control systems. Substantive Testing: Performing detailed tests on account balances and transactions. Analytical Procedures: Conducting basic analytical reviews of financial data to identify unusual fluctuations or trends. Performing bank confirmations and debtor/creditor confirmations. Assisting in physical stock-taking procedures. Audit Documentation: Preparing clear, concise, and accurate audit working papers. Documenting audit evidence and findings in accordance with firm methodology and auditing standards. Ensuring proper referencing and organization of audit files. Compliance Testing: Assisting in testing compliance with relevant laws, regulations, and accounting standards (e.g., IFRS, local GAAP, GCC-specific regulations). Financial Statement Review: Assisting in casting and cross-casting financial statements. Checking disclosures in financial statements for accuracy and completeness. Communication and Teamwork: Communicating effectively with senior audit staff and client personnel to obtain information and clarify queries. Working collaboratively as part of an audit team. Reporting audit findings and issues to the Audit Senior/Manager in a timely manner. Professional Development: Keeping up-to-date with changes in auditing standards, accounting principles, and relevant regulations. Actively participating in tr Maintaining independence, objectivity, and confidentiality in all audit engagements. Adhering to the firm's code of conduct and ethical guidelines. Note for GCC Verticals: For both roles, when focused on GCC clients, responsibilities will include a strong emphasis on understanding and applying specific GCC accounting standards, VAT laws, corporate tax regulations (e.g., UAE Corporate Tax), e-invoicing requirements (e.g., KSA FATOORAH), and other local business compliance requirements like Economic Substance Regulations (ESR) or Ultimate Beneficial Ownership (UBO) filings where applicable.
