Job Description

Position: Cost Accountant
Location: Abu Dhabi
Duration: 6 months
Salary: 9,500 - 10,500 AED per month
Department: Finance & Accounting
Preferred Start Date: ASAP

Job Description:

The role is to perform account reconciliations, process payments, perform vendor reconciliations, recording expenses, accruals, in the correct period and assisting in general financial management and analysis.

Key Responsibilities:

• Review monthly, the unapplied, unidentified, on account receipts accounts in the TB to ensure there are no balances by the end of the month unless there is sufficient and valid justification for the balance.
• Responsible for Accounts Payable to ensure that supplier & inter-company invoices are correctly booked and paid including supplier payment runs & supplier statement reconciliation on a monthly basis in a timely fashion.
• Extract & review supplier outstanding/ aging reports and make sure it is matching with GL.
• Make sure Good Received Notes (GRN) is correctly matched in Oracle system.
• Maintains and update payment tracker.
• Maintains and reconciles AP Accrual Account and matches it with GL.
• Prepares prepaid expenses amortization entries.
• Maintains utilities expenses records.
• Performs F1 related tasks as required.
• Prepares JV for revenue accruals including TOR, holdover, provision for bad debt and rebates. Prepares utilities accrual journals.
• Creates intercompany Invoices, Credit Notes & Receipts for funding and other charges as required, Generates Intercompany SOA, ensures the outstanding balance is correct based on invoices raised and receipts applied.
• Follow up related parties through email, phone calls, meetings, letters.
• Settles any intercompany account related disputes.
• Tracks customer security deposit and reconciles it with the bank and TB.
• Prepares the payment for customer refund within 5 working days upon receipt of documentation for all YAM Group entities.
• Weekly upload and reconciliation of bank statements and Credit Card Reconciliation.
• Run the aging report and match with TB and Third-Party system aging.
• Prepares monthly supporting schedules of Trial Balance and any other schedules requested by line manager.
• Carry out all other duties as may reasonably be required for the smooth running of the business.
• Support the manager in providing audit requirements.