Treasury Accountant
| Company Name: | GMG |
| Employment Type: | Full Time |
| Location: | Dubai |
| Experience: | 2-5 years |
| Degree: | Bachelor |
| Gender: | Any |
| Age: | Any |
| Nationality: | Any |
| Salary: | Unspecified |
| No. Of Vacancies: | 1 |
| Job Description: |
| About the Role: The role holder is responsible for executing the various activities pertaining to accounts payable, fixed assets, accounts receivable, general ledger, treasury, payroll and financial planning for GMG business units under the guidance of the manager/superiors. The role holder is responsible for executing day today tasks as assigned by the superiors in compliance with the policies and procedures of the GMG group. The role holder’s main area of focus 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: Entering direct journal vouchers (e.g. related to Payroll) 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 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 General Ledger with respect to all the purchases, expenses and goods outwards: Entering invoices into the system Invoice matching Invoice discrepancies Creating payments (Cheques, Cash etc. as required) or applying prepayments Creating debit/Credit Notes Stopping payments 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 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 Entering information into the system Payment discrepancies Maintaining customer files Following up on collections Receives payments and receipts, record them and performs matching and remittance Fixed Asset 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 Treasury 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 ensure 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 Payroll 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 the quality of delivery and compliance with standard processes Provides the interpretation of the payroll policy related to employee entitlements and concerns regarding benefits, leave, and 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 modelling & valuations, financial projections and other types of financial analysis to support decisions related to acquisitions, projects development etc. Prepares forecasts of demand and estimates of revenue for the group, 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 – Sales, Margins Customers Stocks, Inventory, Port Shipments, Distributions, Freight, Customs, Shipment Delays etc. Budget Utilization Business Performance including Cash Flow, P&L statements Retail Productivity Metrics Coordinates with auditors as needed on research/resolution of any accounting issues/discrepancies 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 Qualification: Bachelor’s degree in Finance, Accounting or Business Administration A Master’s degree in Finance, Accounting or Business Administration, is preferred Knowledge of International Accounting Standards (e.g. IFRS) Knowledge of Accounting systems and SAP software |
