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Senior Accountant
City Pharmaceutical Co
Sharjah, UAE
Full Time
Senior
2 weeks ago
Financial AccountingIFRSInventory AccountingVAT ComplianceERP SystemsAdvanced Excel
Free
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Financial AccountingIFRSInventory Accounting
About the Role
City Pharmaceutical Co seeks a Senior Accountant to manage financial accounting, inventory control, VAT compliance, and audit support. The role requires 4-7 years of progressive accounting experience, preferably in pharmaceutical distribution or FMCG with expiry-based inventory.
Key Skills for This Role
Financial AccountingIFRSInventory AccountingVAT ComplianceERP SystemsAdvanced Excel
Responsibilities
- Prepare and review monthly, quarterly, and annual financial statements in accordance with IFRS
- Manage month‑end and year‑end closing processes, including journals, accruals, prepayments, and provisions
- Review general ledger accounts and ensure all balance sheet reconciliations are accurate and timely
- Analyze financial performance, operating expenses, and margin movements, and report variances to management
- Oversee end‑to‑end inventory accounting for pharmaceutical products, including batch/lot‑level tracking, expiry date monitoring, valuation and reconciliation
- Calculate and manage provisions for expired, near‑expiry, slow‑moving, and obsolete inventory
- Reconcile inventory movements across warehouses, distributors, and logistics partners
- Monitor gross margins by SKU, supplier, customer, and product category
- Ensure correct VAT classification of pharmaceutical products (zero‑rated vs standard‑rated)
- Prepare and review VAT returns, reconciliations, and supporting documentation
- Act as the key finance contact for internal and external auditors
- Support pricing controls, supplier rebates, discounts, and settlement reconciliations
Requirements
- Bachelor’s degree in Accounting, Finance, or a related discipline
- Professional qualification preferred (ACCA, CPA, CA, CMA)
- Minimum 4–7 years of progressive accounting experience
- Prior experience in pharmaceutical distribution, healthcare products, or FMCG with expiry‑based inventory
- Strong knowledge of IFRS, inventory accounting, and UAE VAT regulations
- Experience working with ERP systems and advanced Excel skills
Full Job Posting
Key Responsibilities
- Prepare and review monthly, quarterly, and annual financial statements in accordance with IFRS
- Manage month‑end and year‑end closing processes, including journals, accruals, prepayments, and provisions
- Review general ledger accounts and ensure all balance sheet reconciliations are accurate and timely
- Analyze financial performance, operating expenses, and margin movements, and report variances to management
- Oversee end‑to‑end inventory accounting for pharmaceutical products, including batch/lot‑level tracking, expiry date monitoring, valuation and reconciliation of inventory balances
- Calculate and manage provisions for expired, near‑expiry, slow‑moving, and obsolete inventory
- Reconcile inventory movements across warehouses, distributors, and logistics partners
- Monitor gross margins by SKU, supplier, customer, and product category
- Ensure correct VAT classification of pharmaceutical products (zero‑rated vs standard‑rated)
- Prepare and review VAT returns, reconciliations, and supporting documentation
- Support compliance with pharmaceutical regulatory requirements (e.g., MOH‑related documentation and audits)
- Maintain strong audit trails for stock movements, pricing, and credit notes
Qualifications & Experience
- Bachelor’s degree in Accounting, Finance, or a related discipline
- Professional qualification preferred (ACCA, CPA, CA, CMA)
- Minimum 4–7 years of progressive accounting experience
- Prior experience in pharmaceutical distribution, healthcare products, or FMCG with expiry‑based inventory
- Strong knowledge of IFRS, inventory accounting, and UAE VAT regulations
- Experience working with ERP systems and advanced Excel skills
Key Skills & Competencies
- Strong analytical and problem‑solving skills
- High attention to detail, particularly with inventory and compliance matters
- Ability to work under pressure in a high‑volume environment
- Strong communication and stakeholder management skills
- Proactive, hands‑on, and continuous improvement mindset
- High ethical standards and professional judgment
Reporting Structure
- Reports to: Finance Manager / Financial Controller
- Supervises: Junior Accountants / Accounts Officers (as applicable)
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