Job Description
Manage the month end closing of the financial books with respect to IFRS 16 lease accounting which entails the timely capitalisation of right of use assets (ROUA) and recording of lease liability after completing analytical reviews and authenticating the quality of reconciliations to ensure that the financial numbers are complete and accurate.
Duties and Responsibilities
Your main responsibilities in this role include the following:
Obtain and assess the lease contracts for IFRS 16 applicability and manage the monthly closing of the lease accounting module after completing pre-closing checks and handling exceptions with the concerned stakeholders to ensure that the financial numbers are complete and accurate. This will entail the review of balance sheet and income statement nominals through a process of validating balances through a variety of checks.
Respond to queries raised from internal departments such as Head Office and Outstations finance on accounting, invoice clarifications and other reconciling items. Liaise with other departments as appropriate to ensure an accurate and prompt response is provided.
Maintain control over the timely capitalisation of ROUA into the appropriate asset classes. Manage the monthly closing of the lease accounting module after performing a pre-closing review and clearing the exceptions to ensure an accurate and complete set of books.
Review various IFRS 16 related nominals (ROUA, lease liability, interest expense, depreciation, clearing accounts) to ensure that the balances are correct. Identify system/process related issues that hinder the reconciliation process and highlight to finance manager with recommendations for resolution.
Maintain and update lease contracts in the lease accounting module as per the guidelines contained in IFRS 16, ensure the accounting entries generated are accurate and are interfaced into Oracle appropriately.
Reconciling the payments by lease by month between systems (primarily for aircraft, engines, airport related payments (lounges and spaces), hotels) and high value numbers.
Manage the month end closing of the financial books with respect to IFRS 16 lease accounting which entails the timely capitalisation of right of use assets (ROUA) and recording of lease liability after completing analytical reviews and authenticating the quality of reconciliations to ensure that the financial numbers are complete and accurate.
Manage the reconciliation of GL nominals under the responsibility of the section by extracting / interfacing data from the operating systems.
Job Requirements
Bachelors Degree or Honours
Finance & Insurance. Management Accounting
5+ Years
Experience in a large organisation, preferably within the airline or retail industry
Strong accounting and technical skills (IFRS) in a service company with different lines of business operating in a multiple currency environment.
Ability to analyse complex and sizable financial information
Job Details
Company/Organization: Emirates
Employment Type: Full-time Job
Job Location: United Arab Emirates
Application Deadline: N/A
