Specialist/Revenue Accounting (Emiratized role)

Job Description

Responsibilities

• Responsible to ensure accurate and timely revenue recognition and related receivables balances in Oracle ERP for monthly, quarterly, and annual management and financial reporting.
• Responsible to ensure consistent implementation and compliance of IFRS and other accounting standards related to Revenues, in close collaboration with the technical accounting team.
• Responsible for building gap analysis & investigations, devising accounting scenarios, validation of accounting position paper, migration and maintenance of detailed reconciliations for all applicable IFRS revenue standards.
• Ensure end-to-end validations of SAP Hana and revenue engine exceptions and data points and alignment of all new and current revenue products in line with SAP requirements.
• Responsible for initiation, monitoring, and closure of all SAP-related requirements for new and changes in current products and services along with the post-change testing and verification.
• Evaluation, planning and implementation of all new IFRS on each revenue segment and highlighting the significant transfer points to Management.
• Ensure end-to-end verification, validation, and completeness of all revenues generated from each revenue stream on monthly basis from Billing and SAP source systems.
• Monitors and record the flow of all revenue transactions from various source systems to General Ledger and perform control reconciliations from billing to ERP.
• Responsible for creation and mapping of new GL codes in ERP chart of accounts and share point financial reporting portal.
• Responsible for updating and maintaining the finance portal for revenue reporting and analysis.
• Responsible to analyze and validate all revenue contracts under SAP on monthly basis by using BIG DATA TOOLS such as COGNOS, Tableau, and SAP HANA
• Prepares proper estimations for accruals and close monitoring of actual vs. accrual balances in liaison with source departments to ensure correct accrual aging.
• Ensure synchronization between revenue reporting & output VAT liability.
• Ensure timely & accuarate recording, cut-off & reporting of Inventory.
• Perform impairment assessment of Inventory as per IFRS requirements required for related provisioning for slow & non moving inventory.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.
• Advanced knowledge of accounting software and systems, particularly those used in the telecommunications industry.
• Excellent analytical and problem-solving skills, with the ability to interpret financial data.
• Strong attention to detail and accuracy in financial reporting.
• Effective communication and collaboration skills, with the ability to work cross-functionally.
• Ability to work independently and manage multiple tasks simultaneously.
• Proficiency in Microsoft Office, particularly Excel.
• Familiarity with telecommunications industry practices and regulations is preferred.
• Willingness to stay updated with industry developments and best practices.