Seven Tides is looking for an experienced and detail - oriented Chief Accountant to join our Finance Team.
Role Purpose
Manage the day-to-day accounting activities of the assigned Seven Tides entities, with primary responsibility for month-end closing, balance sheet reconciliations and bank reconciliations. Ensure accounting records are accurate, complete and supported, and financial reporting is delivered within the agreed deadlines.
Key Responsibilities
Month End Closing
- Lead the month-end and year-end closing process, ensuring completion within the group reporting timetable.
- Prepare and review journal entries, accruals, prepayments, depreciation and other closing adjustments.
- Review the trial balance and general ledger to identify and resolve errors and unusual balances.
- Ensure income and expenses are recorded in the correct period and allocated to the appropriate entity and cost centre.
- Prepare monthly financial statements and supporting schedules for review by the Director of Finance.
Balance Sheet Reconciliations
- Prepare and review monthly reconciliations for all balance sheet accounts, with clear supporting documentation.
- Investigate outstanding balances, follow up on reconciling items and arrange timely corrections.
- Reconcile intercompany balances and ensure transactions are consistently recorded across the relevant entities.
- Maintain accurate schedules for fixed assets, deposits, prepayments, accruals, loans and other key balances.
- Highlight aged, unsupported or unusual balances and recommend appropriate action.
Bank Reconciliations
- Ensure all bank accounts are reconciled regularly and fully reconciled at month-end.
- Verify that receipts, payments, bank charges and transfers are accurately recorded.
- Investigate and clear unmatched transactions, outstanding cheques and other reconciling items promptly.
- Monitor reconciliation completion and escalate unresolved discrepancies.
Accounting Oversight and Controls
- Review accounts payable and receivable balances, ensuring subledgers reconcile to the general ledger.
- Maintain proper documentation and approval records for accounting entries and transactions.
- Support internal and external audits.
- Coordinate with the Tax Manager on tax-related accounting and supporting schedules.
- Identify opportunities to improve accounting processes, reconciliations and financial controls.
Qualifications and Experience
- Bachelor’s degree in Accounting or Finance; ACCA, CPA, CA or equivalent qualification preferred.
- At least five years of relevant accounting experience, including experience supervising an accounting team.
- Strong practical experience in month-end closing, balance sheet reconciliations and bank reconciliations.
- Experience working across multiple entities; hospitality or real estate experience preferred.
- Strong Excel and ERP skills; Microsoft Dynamics 365 experience is a must.
- Good knowledge of IFRS and UAE accounting and tax requirements.
- Strong attention to detail, ownership of deadlines and ability to resolve accounting discrepancies.
