Roles and Responsibilities
* Manage bookkeeping tasks including but not limited to accounts payable, accounts receivable, and fixed assets ensuring timely and accurate processing.
* Collaborate in month-end and year-end financial statement closing processes (FSCP) to ensure timely and accurate financial reporting.
* Assist in maintaining audit schedules and coordinating with external auditors throughout the audit process, and other requirements in their examination of statutory financial statements as required by local laws.
* Assist in the preparation and analysis of financial statements, ensuring compliance with IFRS, other applicable standards, and local regulations.
* Support in developing and maintaining dashboards that provide insightful information to clients.
* Participate in budgeting and forecasting processes, providing accurate financial data to help guide decision-making.
* Stay abreast of changes in IFRS and payroll regulations and best practices to ensure continuous compliance and improvement.
* Support digital finance transformation initiatives by implementing new technologies and processes to enhance financial reporting and operational efficiency.
* Assist in ensuring compliance with VAT regulations, a critical aspect for businesses operating in the UAE.
* Work alongside the VAT team to manage VAT filings accurately and on time.
* Support the CIT team by assisting in the preparation and delivery of financial statements that will be required for corporate income tax filings.
Qualifications
* Bachelor’s degree in Accounting or a related field.
* Certification in Accounting & Finance (CA / ACCA / CPA equivalent).
* 5-6 years of professional experience in financial statement preparation, dashboarding, budgeting, forecasting, bookkeeping, and audit.
* Thorough knowledge of IFRS is a must, with specific experience in application of IFRS-9, IFRS-15, and IFRS-16.
* Proficiency in Microsoft Excel and accounting software preferably “Dynamics 365 Business Central” or “Oracle ERP”.
* Strong analytical skills with attention to detail.
* Excellent organizational and time management skills.
* Ability to work effectively in a team environment and cross-functional teams.
* Excellent communication and interpersonal skills.
* Willingness to learn and take on new challenges.
* English language is an essential requirement.
* Knowledge on PBI is a plus.
* Knowledge or previous experience with the GCC market is a plus.
Desired Candidate Profile
1. Payroll Expertise:
* Proficiency in managing payroll systems and software (e.g., ADP, Paychex, QuickBooks, Ceridian).
* In-depth knowledge of payroll laws and regulations, including FICA, FUTA, state taxes, overtime laws, and employee benefits.
2. Accounting and Financial Knowledge:
* Strong understanding of generally accepted accounting principles (GAAP), accounting systems, and procedures.
* Experience with general ledger entries, account reconciliations, and financial reporting.
* Familiarity with financial tools and software, such as Microsoft Excel, QuickBooks, or enterprise-level accounting systems (e.g., SAP, Oracle).
3. Tax Knowledge:
* Knowledge of federal, state, and local tax regulations related to payroll, including withholding taxes, benefit deductions, and year-end reporting (W-2, 1099).
* Familiarity with payroll tax filings and compliance requirements (e.g., 941, 940, state unemployment tax filings).
4. Attention to Detail and Accuracy:
* High attention to detail to ensure accurate payroll processing and financial reporting, minimizing errors in employee pay and benefits.
* Ability to identify discrepancies in payroll records and resolve them efficiently.
5. Time Management and Organization:
* Strong organizational skills to manage multiple payroll and accounting tasks simultaneously, especially during peak payroll periods (e.g., month-end, year-end).
* Ability to meet tight deadlines and prioritize tasks effectively.
6. Problem-Solving:
* Strong problem-solving skills to address payroll discrepancies, tax issues, or employee inquiries in a timely manner.
* Ability to work through complex payroll issues and find practical solutions.
7. Communication Skills:
* Effective communication skills to interact with employees regarding payroll or benefits issues, and collaborate with HR, finance, and other departments.
* Ability to explain complex payroll or accounting issues to non-financial colleagues.
8. Confidentiality and Integrity:
* Strong sense of professionalism and confidentiality, especially when dealing with sensitive employee payroll and financial data.
* High ethical standards in ensuring compliance with regulations and maintaining data integrity.
Tools and Technologies Used by an Accounting & Payroll Senior Associate:
* Payroll Software: ADP, Paychex, Ceridian, QuickBooks Payroll, Gusto, Ultimate Software (UltiPro), etc.
* Accounting Software: QuickBooks, Xero, SAP, Oracle, NetSuite, etc.
* Excel: Advanced Excel skills (pivot tables, VLOOKUP, data analysis, and financial reporting).
* Time and Attendance Software: Kronos, Toggl, Workforce Software, etc.
* Tax Filing Software: TaxSlayer, Intuit Tax Online, or similar payroll tax software for tax form submissions.
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