General Ledger Accountant - FTC (12m)

Job Description

General Ledger AccountantGeographical Area Under Responsibility/Brand/Function: UAE, Financial Control and Reporting (FC&R)Reporting To: General Ledger SupervisorLocation: Dubai, United Arab EmiratesPrimary DutiesAs a part of the FC&R General Ledger team, the General Ledger Accountant is responsible for ensuring the accuracy and compliance of financial data in accordance with international accounting standards and Richemont policies. A key focus of the role is analyzing and interpreting financial information in conjunction with Richemont Functions and Maisons to support the performance and position of the company. The General Ledger Accountant will support the monthly closing process across multiple areas as part of a collaborative team and work to continually improve the efficiency of processes and practices.The primary duties of the position include:

• Ensuring financial information is accurate and complies with IFRS, UAE regulatory standards and Richemont?s financial policies and procedures.
• Conducting reviews of general ledger accounts to verify the accuracy of financial information, providing assurance that the accounting practices adhere to regulations, and perform general ledger account reconciliations.
• Posting general ledger entries that have been reviewed and verified and include supporting information.
• Entering financial data into general ledger accounts on a monthly basis, and preparing reports that support the decision making processes of Maisons and Functions.
• Continually reviewing processes and procedures to identify improvements and advances that increase processing efficiency and the controls in place to minimize risk.

Key ResponsibilitiesThe below responsibilities are allocated across the General Leader Team.General Ledger

• Work closely with Maisons and Functions to gather, analyses and interpret financial information and where appropriate provide insights that aid Maisons and Functions decision making.
• Analyze general ledger accounts, calculate accruals in compliance with IFRS and Richemont?s financial policies and procedures, ensuring all entries are booked withing the target dates for reporting.
• Update, review and reconcile general ledger accounts in accordance with Richemont?s Balance Sheet Schedule, identifying and investigating variances and outstanding items.
• Prepare and post entries for prepayments, and accruals working closely with Maisons and the Financial Planning and Analysis team to ensure information is accurate and up to date.
• Support the sales interface, reconciliation and adjustments as per IFRS and Richemont?s financial policies and procedures ensuring that adjustments include supporting documentation.
• Review, check and support the daily interface of wholesale and retail sales in SAP and coordinate with the respective Teams for an issues.
• Keep detail records and supporting documents for all entries, properly filed in the Finance document storage system.
• Perform vendor statement of accounts reconciliation as required.
• Review open purchase orders and invoices awaiting approval and work closely with the Accounts Payable and Procurement Team to resolve aged items.
• Prepare bank reconciliation schedules, identify and investigate variances for correcting.
• Run depreciation and create fixed assets reports monthly including the CAPEX Management Report

Lease Accounting and Reporting

• Maintain and update lease agreements, working closing with the Richemont Real Estates function to ensure SAP data is correct and in line with IFRS 16 standard
• Perform monthly valuation run and post related adjusting entries and ensure appropriate reporting in BCS
• Coordinate and raise technical issues encountered with the appropriate department

ERP Masterdata Management

• Maintenance of vendor workflow data
• Concur administration
• Quarterly Concur profiles review and clean-up
• Generate Concur accruals and review corporate cards to be blocked or cancelled

Audit and Internal Control

• Support and assist with internal and external audits as required, and implement any recommendations to improve procedures and processes.
• Undertake as required by the ICS team regular tests of controls with adequate supporting documentation to demonstrate compliance.
• Perform balance confirmations on selected accounts and check in line with internal control requirements

Key Stakeholders

• Accounts Payable, Accounts Receivable and Credit Control, Tax & Treasury, Reporting & ICS
• Financial Planning and Analysis
• Richemont Functions
• Maisons

Key RequirementsEducation

• B.Com/ Finance Graduate, accounting certification and professional qualification is an advantage

Experience

• A minimum of 5 years of proven experience in finance and accounting, with at least 2 years? experience in general ledger accounting, audit experience is an advantage
• Experience with the retail industry would be an advantage

Technical skills / abilities

• Strong Accounting background
• Knowledge of computerized accounting system ? especially SAP
• Knowledge of International Accounting Standards / IFRS
• Good knowledge of UAE VAT regulations
• Excellent knowledge of Microsoft software (Teams, SharePoint and other applications)

Personal skills / qualities

• Excellent analytical and problem-solving skills
• Exceptional attention to detail.
• Demonstrated collaboration and communication skills, in a diverse and complex environment.
• The ability to plan and manage time-and organize multiple tasks while adhering to deadlines.

Keyskills :