Senior Executive - Accounts and Finance
Job description / Role
Employment: Full Time
The Senior Executive - Accounts & Finance is responsible for overseeing financial operations, ensuring accurate financial reporting, and maintaining compliance with accounting standards and regulatory requirements. This role involves financial planning, reconciliation, and strategic financial management to support the organization's fiscal health and long-term sustainability.The Senior Executive will play a critical role in ensuring financial integrity, optimizing processes, and enhancing decision-making through data-driven insights.
Job Responsibility:
- Accounting & Financial Reporting
- Oversee general ledger management, journal entries, and reconciliations to ensure accurate financial records.
- Ensure timely closure of books of accounts and preparation of comprehensive financial statements.
- Review and analyze financial reports, including P&L statements, balance sheets, and cash flow statements for decision-making.
- Taxation & Compliance
- Manage GST, TDS, VAT, and other statutory filings, ensuring timely and accurate submissions.
- Ensure strict compliance with tax laws, accounting standards, and regulatory requirements.
- Coordinate and support internal, statutory, and tax audits, addressing queries and implementing corrective measures.
- Accounts Payable & Receivable
- Supervise vendor payments, employee reimbursements, and expense tracking to ensure smooth financial operations.
- Oversee customer invoicing, collections, and credit control to optimize cash flow.
- Reconcile bank statements, supplier accounts, and customer accounts, resolving discrepancies proactively.
- Budgeting & MIS Reporting
- Assist in the development of budgets, forecasts, and financial models to support business strategy.
- Generate MIS reports, variance analyses, and financial insights for senior management.
- Track financial KPIs and implement cost control measures to enhance operational efficiency.
- Treasury & Cash Flow Management
- Monitor cash flow, fund allocation, and liquidity management to ensure financial stability.
- Coordinate with banks for fund transfers, loan management, and financial transactions.
- Optimize working capital management by ensuring efficient fund utilization.
- ERP & Process Improvement
- Work on ERP systems (SAP, Oracle, Tally, etc.) for financial transactions, automation, and reporting.
- Identify and implement process improvements, internal controls, and financial efficiencies.
- Leverage technology and best practices to enhance financial accuracy and productivity.
Qualification:
- The ideal Senior Executive - Accounts & Finance should have 4-5 years of experience in finance or accounting, including experience in a supervisory or managerial role.
- Proficiency in financial analysis, budgeting, forecasting, and financial reporting.
- Bachelor's degree in finance, Accounting, or a related field; CFA or CPA preferred.
- Strong analytical, strategic planning, and decision-making skills.
- In-depth understanding of financial principles, investment strategies, and regulatory compliance.
About the Company
The Apparel Group is a global fashion and lifestyle brand conglomerate residing on the crossroads of a modern economy - Dubai, UAE. The mercurial growth in the last 17 years has been by acquiring a host of world class fashion labels from around the world - Nine West, Tommy Hilfiger, Kenneth Cole, Aldo & Tim Hortons just to name a few.
Today the group caters to thousands of eager shoppers through its over 1530 stores, 75 International brands and employing 12,000 multi cultural staff in over 4 continents. Apparel believes in turning dreams in to reality and we give everyone - our customers, our stakeholders, our employees - an equal opportunity to do so.
Apparel group has carved its strong presence not only in the UAE, Kuwait, Qatar, Bahrain, Oman, and Saudi Arabia but opened thriving gateways to market in India, South Africa, Poland, Singapore, Jordan, Indonesia, Thailand and Malaysia. Additionally, clear strategies are in place to enter emerging markets such as Hungary, Pakistan, Egypt and Philippines.
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