An Accounts Executive is a key member of the finance department responsible for managing day-to-day financial transactions, maintaining accurate records, and ensuring compliance with accounting principles. This role involves handling accounts payable and receivable, preparing financial reports, and assisting with budgeting and financial analysis. The Accounts Executive collaborates with other departments to provide financial insights, ensuring the company’s financial health and supporting decision-making processes. This position requires strong analytical skills, attention to detail, and a solid understanding of accounting practices.
| Salary | Market Competitive |
| Experience | 2 – 5 Years |
| Location | Dubai |
| Qualification | Bachelor Dgree |
| Posted | 10 November 2024 |
| Job Type | Full-Time |
| Posted by | Habeebi Recruiter |
| last date to apply | apply within 15 days |
Key Responsibilities
1. Accounts Payable and Receivable Management
The Accounts Executive is responsible for overseeing accounts payable and receivable processes. This includes verifying and processing invoices, ensuring timely payments to suppliers, and managing collections from clients. They monitor outstanding balances, reconcile accounts, and follow up on overdue payments to maintain healthy cash flow. Accurate handling of these transactions is crucial for maintaining strong financial relationships with vendors and customers.
2. Financial Record Keeping
Maintaining accurate financial records is a core duty of the Accounts Executive. They enter financial data into accounting software, ensuring that all transactions are recorded correctly and promptly. The executive maintains ledgers, tracks expenses, and updates account balances, making sure that records are well-organized and comply with accounting standards. Proper record keeping helps facilitate smooth audits and financial reporting.
3. Preparation of Financial Reports
The Accounts Executive prepares various financial reports to provide insights into the company’s financial performance. This includes generating balance sheets, income statements, and cash flow reports. They analyze financial data, identify trends, and highlight any discrepancies or irregularities. By delivering accurate and timely reports, the Accounts Executive helps management make informed financial decisions.
4. Bank Reconciliation
Performing bank reconciliation is an essential task to ensure that the company’s financial records match the bank statements. The Accounts Executive reviews and compares bank transactions with internal records, identifying any discrepancies and investigating the causes. This process helps detect errors or unauthorized transactions and ensures the accuracy of the financial statements.
5. Budgeting and Financial Analysis
The Accounts Executive assists in preparing budgets and conducting financial analysis. They gather data on expenses, forecast future costs, and provide insights to help the finance team plan effectively. By monitoring actual spending against the budget, the executive identifies variances and helps management make adjustments to control costs and optimize resources.
6. Compliance and Tax Filing
Ensuring compliance with financial regulations and tax laws is a critical part of the Accounts Executive’s role. They assist in preparing tax filings, managing statutory payments, and ensuring that all financial activities adhere to legal requirements. The executive stays updated on changes in tax laws and accounting standards, helping the company avoid penalties and maintain regulatory compliance.
7. Collaboration with Internal Departments
The Accounts Executive works closely with other departments, such as sales, procurement, and human resources, to provide financial support and insights. They assist with budget reviews, provide cost analysis for projects, and help other teams understand financial processes and requirements. Effective collaboration ensures that financial information is integrated into the overall business strategy.
Qualifications and Skills
- Bachelor’s degree in Accounting, Finance, or a related field.
- Proven experience as an Accounts Executive or similar accounting role.
- Proficiency in accounting software (e.g., QuickBooks, SAP) and Microsoft Excel.
- Strong understanding of accounting principles and financial regulations.
- Excellent analytical, organizational, and communication skills.
- Attention to detail and a high level of accuracy.
Work Environment
The Accounts Executive typically works in an office setting, often within a finance or accounting department. The role involves regular interaction with colleagues from different departments and may require occasional meetings with clients or vendors. While the job follows standard business hours, additional hours may be needed during financial reporting periods or audits.
This position offers a challenging and rewarding career path for individuals with a passion for accounting and finance. It provides the opportunity to gain valuable experience, develop advanced financial skills, and contribute to the company’s overall financial health.
How to apply:
Send your updated resume to our email or directly reach us at our phone:
Email: mail@demolink.org
Phone: +971 4 3391400