Senior Accountant

SENIOR ACCOUNTANT SAP Experience Department: Finance & Accounting Company: Carter & White Industry: Luxury Fashion Retail, Production & Regional Operations Location: Dubai, UAE Reports To: Finance Manager / Head of Finance Employment Type: Full-Time Coverage: UAE & Carter & White Regional Entities 1.JOB PURPOSE The Senior Accountant is responsible for the accuracy, integrity and timely completion of Carter & White’s accounting and financial reporting across Head Office, retail stores, production, warehouse, inventory, e-commerce, B2B and regional entities. The role requires regional coverage and coordination of accounting activities across multiple legal entities and jurisdictions. The successful candidate must be a hands-on accountant with strong experience in Trial Balance preparation and review, General Ledger, multi-store retail accounting, inventory, production accounting, product costing, AP, AR, intercompany accounting, taxation and month-end closing. The Senior Accountant will work closely with Retail Operations, Production, Procurement, Warehouse, HR, regional teams and Management to ensure strong financial controls and accurate reporting. 2. KEY RESPONSIBILITIES A. General Ledger, Trial Balance & Closing • Manage and review day-to-day accounting transactions. • Maintain the accuracy and integrity of the General Ledger. • Prepare, generate and review monthly Trial Balances for assigned legal entities. • Review Trial Balance accounts for unusual balances, incorrect classifications and unreconciled amounts. • Ensure Trial Balance accounts are supported by reconciliations and schedules. • Review P&L and Balance Sheet accounts prior to closing. • Prepare/review journals, accruals, prepayments, provisions and adjustments. • Perform monthly Balance Sheet reconciliations. • Maintain the Fixed Asset Register and depreciation schedules. • Ensure timely monthly, quarterly and year-end closing. • Ensure transactions are correctly recorded by entity, country, store, department and cost centre. B. Regional Entity & Group Accounting • Manage/review accounting activities for assigned Carter & White regional entities. • Maintain accurate accounting records for each legal entity. • Prepare and review entity-level Trial Balances, P&Ls and Balance Sheets. • Ensure regional month-end closing meets Group Finance deadlines. • Coordinate with regional accountants, accounting firms, auditors and tax advisers. • Review regional sales, expenses, payroll accounting, inventory and supplier transactions. • Ensure consistent accounting policies across all entities. • Support statutory accounts, regional audits and Group consolidation. • Ensure regional financial information is accurately submitted to Head Office. • Support new entities and store openings from a finance perspective. C. Intercompany Accounting • Record and review intercompany transactions. • Prepare monthly intercompany reconciliations. • Ensure intercompany receivable/payable balances agree between entities. • Investigate and resolve differences before month-end closing. • Review intercompany inventory transfers, Head Office charges and shared-cost allocations. • Maintain supporting schedules and assist with Group consolidation and eliminations. D. Retail Store Accounting & Controls • Reconcile daily store sales against POS and ERP records. • Reconcile cash, credit cards, payment gateways and bank settlements. • Review returns, exchanges, discounts and complimentary transactions. • Monitor cash deposits, petty cash and store expenses. • Investigate differences between POS, ERP, bank and accounting records. • Monitor store operating expenses against budgets. • Prepare/review store-level P&Ls. • Identify unusual transactions, stock adjustments and control exceptions. • Coordinate with Store Managers and Retail Operations to resolve discrepancies. E. Inventory & Stock Accounting • Maintain accurate accounting for raw materials, WIP, finished goods and retail inventory. • Reconcile inventory between ERP, warehouse, production and stores. • Review inventory and stock transfers across countries and legal entities. • Review receipts, returns, adjustments, damages and write-offs. • Participate in physical stock counts and reconcile results against systems. • Investigate stock variances and shrinkage. • Monitor ageing and slow-moving inventory. • Ensure accurate inventory valuation, provisions and COGS. • Prepare monthly inventory reconciliation and variance reports. F. Production & Manufacturing Accounting • Maintain accurate accounting for fabrics, raw materials, accessories, packaging, WIP and finished products. • Monitor material issuance and reconcile consumption against production output. • Monitor movement from Raw Materials → WIP → Finished Goods. • Review Bill of Materials (BOM) and product costing. • Calculate manufacturing costs including materials, labour, overhead, subcontracting, freight and logistics. • Compare standard/budgeted costs against actual production costs. • Investigate material usage, wastage and production variances. • Ensure finished goods are transferred to inventory at the correct cost. • Prepare production cost and variance reports. G. Product Costing & Gross Margin • Maintain product costing by SKU, style and category. • Review landed costs, freight, customs and duties. • Calculate and monitor COGS. • Analyze gross margin by country, entity, store, category, collection and sales channel. • Investigate significant margin variances and support pricing and cost analysis. H. Accounts Payable & Receivable • Review supplier invoices, approvals and PO-GRN-Invoice matching. • Reconcile supplier statements and monitor advances/outstanding balances. • Prepare AP ageing and payment schedules. • Investigate duplicate invoices and supplier discrepancies. • Maintain customer, B2B, wholesale and corporate receivables. • Prepare AR ageing and follow up on overdue balances. • Reconcile customer accounts, deposits and advances. I. Bank, Cash & Payment Reconciliation • Prepare/review monthly bank reconciliations for assigned entities. • Reconcile store cash deposits, card settlements and payment gateways. • Investigate unidentified or outstanding transactions. • Account for bank charges, payment fees and foreign-exchange differences. • Support cash-flow monitoring and reporting. J. Financial Reporting & MIS Prepare and/or review timely financial reports at store, entity, country and Group level, including: • Trial Balance • P&L, Balance Sheet and Cash Flow • Store and entity-level P&Ls • Inventory and ageing reports • AP/AR ageing • Intercompany reconciliations • Gross margin analysis • Production costing • Budget vs. Actual • CAPEX and departmental expenses • Balan