Posted Jun 06, 2024 2260 views
The Financial Accountant with VAT Experience will responsible for managing the client's financial records, ensuring accurate and timely financial reporting, and handling all VAT-related activities. This role involves overseeing daily accounting activities, ensuring compliance with financial and tax regulations, and supporting financial planning and analysis activities.
Key Responsibilities:
- Maintain accurate and up-to-date financial records, including ledgers, bookkeeping, accounts payable, accounts receivable, bank reconciliation and payroll.
- Prepare monthly, quarterly, and annual financial statements and reports.
- Conduct variance analysis and provide insights on financial performance.
- Assist in the budgeting and forecasting process.
- Ensure compliance with IAS and IFRS
- Oversee and ensure timely completion of month-end and year-end closing processes.
- Coordinate with external auditors during audits and prepare necessary documentation.
- Support the implementation and maintenance of internal controls.
- Collaborate with other departments to ensure accurate financial reporting and support decision-making.
- Prepare and file VAT returns in compliance with UAE regulations.
- Ensure timely payment of VAT and manage all related documentation.
- Conduct regular VAT audits and liaise with external auditors as necessary.
- Provide advice on VAT planning and tax-efficient strategies.
- Keep up-to-date with changes in VAT laws and regulations.
- Respond to VAT inquiries and manage any disputes or appeals.
- Prepare reports on VAT matters for management review.
- Coordinate with other departments to ensure all transactions are VAT-compliant.
Qualifications:
- Professional certification such as CPA, ACCA, or UAE CA is must.
- Minimum of 3-5 years of experience in financial accounting, with specific experience in VAT.
- Strong knowledge of UAE VAT laws and regulations.
- Knowledge of Corporate Tax and Financial accounting standard will be a great edge
- Proficiency in accounting software and MS Office Suite.
- Excellent analytical and problem-solving skills.
- Strong attention to detail and organizational skills.
- Ability to work independently and as part of a team.
Additional Skills and Competencies:
- Excellent communication and interpersonal skills.
- Ability to work under pressure and meet tight deadlines.
- Strong ethical standards and integrity.
- Continuous learning attitude to keep up with the latest industry trends and changes in regulations.
- Strong understanding of both financial accounting and VAT processes.
- Experience in dealing with tax authorities and managing VAT audits.
Skills
Job Details
Nexus Partners
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