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Senior Associate Manager — Financial Reporting (UAE National)
Full time at Dubai Silicon Oasis Authority in Dubai, UAE

Senior Associate Manager — Financial Reporting (UAE National) Full time at Dubai Silicon Oasis Authority in Dubai, UAE

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Posted on October 11, 2020

Job details

Job Purpose



The purpose of this role is to manage the preparation of financial reports according to DSOA and IFRS standards & procedures.




This role will also be responsible for the accounting activities of the Master and Villa Communities and coordination with RERA.



Main Responsibilities



Manage the preparation of Financial Statements of DSOA for internal and external reporting as per agreed timeline based on the One Page Plan (OPP) document.



Manage full scope of the financial reporting for the DSO Master community and Villa Communities



Coordinate and liaise with other departments to collect data and documents needed for accounting transactions.



Manage the execution of financial transactions in accordance with DSOA’s accounting controls, policies and procedures.



Review and analyse Sub Ledger and General Ledger accounts for reconciliation of recorded accounting transactions on assigned accounts.



Compile and analyse financial information to reconcile recorded accounting transactions and prepare authorized financial transactions for entry



Prepare own monthly relevant reconciliation schedule, and review other section’s schedules for efficient and timely submittal.



Coordinate and facilitate the annual and interim audit functions with zero qualifications.



Ensure 100% compliance with lCD (Investment Corporation of Dubai) quarterly and annual reporting requirements.



Support the Department with monthly, quarterly and yearly financial reporting as well as compilation of MIS (management information system) pack & backup schedule files as per timeline based on the One Page Plan for external and internal reviews.



Update subsidiary companies (UD/SOF/DSI) accounting entries and close subsidiary books in line with company policies.



Extensive understanding of international, IERS, national finance and accounting standards and regulations



Reconcile inter-company accounts and coordinate necessary correction entries with the respective finance subordinates, as well as provide support in clearing inter-company balances.



Coordinate with finance team members and banks to validate and review interest expenses on their availed facilities and update accounting records accordingly.



Manage direct reports and ensure they constantly have opportunities to grow and develop as professionals using the best available tools and methodologies



Review, track and maintain fixed assets register and FA related entries and Provide support with bi-annual physical inventory counts (twice annually).



Continuously assess the financial closing process and perform process re-engineering to reduce the financial closing period and increase its efficiency.



Manage DSOA’s Real Estate portfolio valuation on an annual basis and liaison with external valuation company.



Manage and supervise subordinates in the financial reporting team.



Perform any duties assigned by the management (as and when required).



Qualifications:




A bachelor’s Degree in Finance and Accounting, or a similar qualification.



Any of the following Professional financial qualifications would be considered an advantage CA/CPA/CIMA/ ACCA



Experience



A minimum of 6 years' experience within Finance or Accounting, with experience in a similar capacity.

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