Account Officer
at Fortress Prime Group LLC in UAE - Dubai

Account Officer at Fortress Prime Group LLC in UAE - Dubai

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Job Highlights

Posted on October 1, 2016
  • Experience in Accounting & Finance
  • Professional background in Accounting / Auditing, Financial Accountant, Assistant Accountant, Finance, Compliance
  • Job level Experienced
  • Pays salary of AED 2,500 - AED 3,500 /month
    (Fixed Salary)
  • Languages Fluent English is a Must
  • Other requirements Male candidates only

Job Details

• Monitor and coordinate with outside units with regard to generation of revenue.

• Reconcile exchange collection with system (TIIMS).

• Prepare ageing analysis every month in coordination with revenue officers in areas & Exchanges.  Reconcile final bill claim with provisional bill claim at the end of the year.

• Pass necessary journal entries & prepare cash trial and bank reconciliation statement.

• Ensure that necessary books of accounts like cash book, ledger etc. are prepared and compare with exchange bank statement

• Compile & record the revenue statement and reconcile the balance with branch.

• Record the fund transferred from various exchanges and crosscheck with the revenue ledgers and if necessary correspond with the bank

• Update the fixed asset register for each addition of assets on the basis of disbursement or Journal voucher  Record the detail of transfer in the fixed asset register at the headquarter

• Inspect asset on receipt of scrap report and make necessary entry in the books

• Calculate depreciation at the end of each month as per the rates prescribed by the statute

• Carry out annual physical verification of fixed assets with reference to the fixed asset register. Prepare physical verification report and submit to the management.

• Obtain approval from the management to write off missing, unserviceable, damaged or condemned assets and pass necessary entries in the books of accounts.

• Prepare the scrap report for the auction.

• Account the unaccounted fixed assets in the books.

• Capitalize the interest payable on loans borrowed for construction and purchase of assets until the commissioning of project.

• Account for the fixed assets acquired through any grant. Calculate depreciation on such assets.

• Transfer capital work in progress to fixed asset on completion of project.

• Prepare the details of the fully depreciated assets at the end of the year.

• Verify all bills related to capital items including civil works.

• Maintain a master list of monthly journal entries

• Record supporting information for all journal entries

• Enter all journal entries into the accounting software

• Ensure that reversing entries occur

• Create recurring journal entry templates

• Ensure that recurring entries are changed or terminated at appropriate trigger points

• Maintain detailed listings of the contents of all balance sheet accounts

• Assist auditors with journal entry examinations

• Assist in the production of financial statements

• Assist in writing footnotes to the financial statements

• Assist in writing SEC disclosures and supporting table

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