Cash Accountant

Roles and responsibilities

As a leader in luxury retail in the middle east, Al Tayer Group’s retail division, Al Tayer Insignia, a host of portfolio of some of the worlds best luxury brands in the fashion, jewellery, home and department store categories. Complementing its position in the luxury retails, Al Tayer Insignia has also built new frontiers in lifestyle retails, representing leading brands in the beauty, home, fashion and hospitality sectors. Our brands include Bloomingdales, Harvey Nichols and Armani to name just a few!

About the role

As a Cash Account for BNPL invoicing, you are responsible for all types of payment receipts against parts sales, after sales invoice, vehicle deposits and sundry payments from customers whilst offering a high quality customer service.

What You’ll Be Doing

Functional Roles and Responsibilities:

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Receive payments against cash invoices in authorized mode from customers, issue receipts against the purchase, reconcile all receipts with sales figures and submit daily collection report to the Accountant.

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Monitor the use of petty cash and to release payments for only approved items or emergency miscellaneous purchases.

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Prepare petty cash statements and submit to Accountant for replenishment. Keep the track of IOU details and follow up.

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Be responsible for the safe custody of cash received and/ or other relevant documents and safe transfer to the bank or security collection service.

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Inform suppliers of cheques available for collection and dispensing against a valid receipt.

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Answer employee queries professionally, either in person or over the phone.

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Assist the finance function with general accounting entries or other such activities as advised from time to time.

Desired Skills and Experience

About You

You will need to have the below skills and experience to be a successful candidate:

• Minimum High School with minimum knowledge of accounting procedures
• 2 to 3 years’ experience in a similar position
• Excellent spoken & written English skills is essential, any additional languages including Arabic is added advantage.
• High level personal integrity
• Proficient in Computer literacy like MS Office applications like Excel, Power Point, Outlook and ERP system.
• Pleasant personality and good grooming standards.
• Customer service orientated and strong interpersonal skills.
• Attention to details
• Highly organized, Agile and result driven.

Desired candidate profile

1. Cash Management and Reconciliation

• Cash reconciliation: Regularly reconcile cash balances in the accounting system with bank statements and physical cash to ensure accuracy and consistency.
• Daily cash flow tracking: Monitor daily cash transactions, ensuring that all cash inflows and outflows are properly documented and recorded.
• Bank deposits and withdrawals: Manage the process of bank deposits, withdrawals, and transfers, ensuring they are accurately recorded and in line with company policies.

2. Financial Reporting and Analysis

• Cash reports: Prepare and submit daily, weekly, or monthly cash reports that summarize cash balances, transactions, and any discrepancies.
• Financial statements: Assist in the preparation of financial statements, including balance sheets and income statements, by ensuring that cash balances are accurate and up-to-date.
• Cash forecasting: Assist with cash flow forecasting by analyzing historical trends and predicting future cash needs to ensure the business has enough liquidity.

3. Transaction Recording and Documentation

• Invoice processing: Ensure that all invoices related to cash transactions are recorded accurately in the accounting system.
• Maintaining documentation: Keep detailed records of cash receipts, disbursements, and bank statements for auditing and reporting purposes.
• Journal entries: Prepare and post journal entries related to cash receipts, cash payments, and other cash-related transactions.

4. Internal Controls and Compliance

• Internal controls: Implement and adhere to internal controls to prevent fraud and ensure proper management of cash resources.
• Policy adherence: Ensure compliance with company accounting policies and regulatory standards regarding cash handling and reporting.
• Audit support: Provide accurate documentation and records to support internal and external audits, ensuring compliance with financial regulations.