Head of Financial Accounts - UAE National

Role Purpose

The job holder will be responsible for overseeing the general accounting and the financial services areas including Credit and collection, A/R and A/P including accruals and prepayments.

She/he will be  responsible for implementing and maintaining a system of internal controls to ensure that all financial reporting is prepared in compliance with MZA financial policies and procedures. 

Duties & Responsibilities

  • To manage the monthly close process and ensure all balance sheet accountsare reconciled
  • Ensure adequate financial records are maintained for audit purposes.
  • Managing and overseeing the daily operations of the accounting department including; month and year end process, accounts receivables/payables, cash receipts, general ledger, cash forecasting, bank reconciliation.
  • Establishing and enforcing proper accounting methods, policies and procedures.
  • Ensure that the three-way matching principle is followed for the issued payments and the suppliers are paid on timely basis.
  • Follow up with Partners on collection where needed.
  • Responsible for cash flow management and managing day to day banking relationships.
  • Manage Value Added Tax (VAT) returns ensuring they are submitted on a timely basis
  • Be an active and key member of the Credit Committee
  • Improve systems and procedures and initiate corrective actions and ensure team roll them out.
  • Set team objectives, monitor performance, delegate responsibilities.
  • Provide necessary support and guidance.
  • Work with the other Finance team members to streamline internal financial reports and reporting processes to deliver more efficient, more effective, and more useful reports and analysis.

Education, Experience & Skills

  • Knowledge of IFRS
  • Expertise in preparing management accounts including Balance Sheet and Cash Flow Statement
  • Adequate knowledge of Oracle application
  • Understanding of business processes and knowledge of “Best Practices” in terms of processes, policies and procedures.
  • Fluency in MS Office
  • Atleast  7 years of related work experience
  • Bachelor’s Degree -  Finance/Accounting or similar
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about twofour54 Abu Dhabi

Named after the geographical co-ordinates of Abu Dhabi, twofour54's vision is to enable the development of world class Arabic media and entertainment content, by Arabs for Arabs, and to position Abu Dhabi as a regional centre of excellence in content creation across all media platforms including film, broadcast, music, digital media, events, gaming and publishing.

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