Finance Executive / Accountant

About the Role

We are seeking a Finance Executive / Accountant to join our team in Dubai, UAE. This role involves managing various financial tasks including recording payments, monitoring invoices, following up on accounts, and preparing reports to support effective financial operations.

Key Responsibilities

• Track and record client/customer payments, invoices, receipts, cheques, settlements, and outstanding balances diligently.
• Regularly communicate with clients, vendors, partners, and other external parties to follow up on due and overdue payments, commissions, settlements, and pending statements.
• Issue Statements of Account to clients/customers to aid in collections and account verification.
• Support cash flow management through timely collection processes and accurate transaction records.
• Monitor credit risk by ensuring compliance with approved credit limits and escalating potential payment issues appropriately.
• Reconcile financial statements such as customer/vendor accounts, invoices, receipts, payments, commissions, settlements, bank transactions, cash, and cheques.
• Resolve reconciliation discrepancies in a timely manner to maintain accurate financial data.
• Maintain comprehensive supporting documents required for internal reviews, external audits, and compliance with regulatory standards.
• Assist in revenue recognition and prepare commission and incentive calculations when applicable.
• Compile and distribute financial statements and reports for clients, vendors, consultants, agents, and business partners.
• Generate detailed finance reports focusing on receivables, collections, commissions, outstanding balances, and reconciliations.
• Contribute to month-end closing activities ensuring data completeness, accuracy, and adherence to reporting deadlines.
• Utilize accounting software and Microsoft Excel proficiently to maintain financial records and track outstanding balances.
• Coordinate with internal teams, clients, and external partners to facilitate seamless financial operations.
• Address inquiries related to billing, payments, commissions, statements, and reconciliations promptly and effectively.
• Maintain professional communication to reinforce client and business relationships.
• Work collaboratively with colleagues to enhance accounting processes and overall operational efficiency.
• Provide recommendations to optimize account receivable management, reconciliations, reporting, and collection procedures.

Qualifications and Requirements

• Bachelor's degree in Accounting, Finance, Commerce, or a closely related discipline.
• 2 to 4 years of relevant experience in finance or accounting roles.
• Preferred exposure to service-based industries, trading, financial services, or insurance sectors.
• Advanced skills in Microsoft Excel and experience with accounting software.
• Strong communication abilities, effective follow-up, and problem-solving capabilities.
• Exceptional attention to detail, accuracy, and ability to meet strict deadlines.
• Preference given to ACCA or CA qualified candidates.

Compensation

The monthly salary range for this position is AED 4,000 to AED 5,000.