Senior Accounting Specialist

Job description

About the job Senior Accounting Specialist Job Description – Senior Accounting Specialist

Department: Finance
Organization Level: Professional
Location: Dubai, UAE
Reporting To: Chief Financial Officer / Finance Manager

The Senior Accounting Specialist will play a key role in managing the day‑to‑day accounting and financial reporting activities for both the Foundation and the Family Office. This position requires accuracy, confidentiality, and a strong understanding of DIFC regulations, UAE VAT laws, and multi‑entity structures.

The role supports the Chief Financial Officer and Finance Manager in ensuring timely, accurate, and compliant financial operations across a diversified portfolio of entities and assets.

1. Financial Accounting & Bookkeeping

• Maintain accurate books of accounts across multiple legal entities, including Foundations, Family Offices, SPVs, and Trusts.
• Record and reconcile journal entries, accruals, prepayments, and intercompany transactions.
• Ensure timely month‑end and year‑end closings.

2. Financial Reporting

• Prepare monthly and quarterly financial reports.
• Assist in preparing financial statements in accordance with IFRS and DIFC requirements.
• Generate periodic reports for internal and external stakeholders, including asset reports and grant expenditure tracking.

3. Accounts Payable & Receivable

• Process supplier invoices, staff reimbursements, and intercompany payments.
• Manage and reconcile receivables and track incoming funds, donations, and investment returns.
• Monitor payment cycles and ensure timely execution.

4. Bank & Cash Management

• Reconcile multi‑currency bank accounts and petty cash balances.
• Assist in preparing cash flow forecasts and fund transfer instructions.
• Liaise with banks for documentation, mandates, and transactional queries.

5. VAT & Compliance

• Prepare and file quarterly VAT returns in compliance with UAE FTA regulations.
• Maintain documentation and ledgers required for VAT audits and compliance reviews.
• Support the Finance Manager in DIFC compliance, DFSA requirements, and tax filings (FATCA/CRS).

6. Fixed Assets & Investment Accounting

• Maintain the fixed asset register, track capital expenditures, and calculate depreciation.
• Record investment transactions, capital calls, dividends, and interest income.
• Reconcile investment statements and track valuations.

7. Audit & Internal Controls

• Support internal and external audit processes by providing reconciliations and documentation.
• Help implement and maintain effective financial controls across all entities.
• Ensure proper archiving of accounting records and regulatory documentation.

Skills & Experience

• High level of accuracy, attention to detail, and integrity.
• Ability to handle confidential financial data with discretion.
• Strong proficiency in Microsoft Excel and accounting software.
• Organized, proactive, and able to meet tight deadlines in a dynamic environment.
• Strong interpersonal skills and ability to work in a small, collaborative team.