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Accountant

MyPTFinance
Salary
AED 5K/mo
Moves you to
United Arab Emirates
Support
Visa sponsorship
Posted

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Accountant – Finance Department

Department: Finance
Reporting To: Head of Finance

1. Position Overview
MyPT is seeking a detail-oriented and organized Accountant to join its Finance Department.
Reporting directly to the Head of Finance, the successful candidate will be responsible for supporting the day-to-day financial operations of the company, ensuring accurate bookkeeping, timely reconciliations, proper documentation, and effective month-end accounting support.
This is a hands-on operational accounting role, ideal for an individual who is comfortable handling high-volume transactions, maintaining accurate financial records, and ensuring that routine accounting activities are completed efficiently and within deadlines.
2. Key Responsibilities
A. Daily Accounting Operations
  • Record daily sales, receipts, supplier invoices, and operational expenses in Zoho Books, ensuring accurate account and location allocation.
  • Record daily POS terminal and payment gateway settlements.
  • Maintain petty cash records for each club, process replenishment requests, and conduct monthly petty cash counts.
  • Collect, verify, organize, and maintain invoices, receipts, and supporting financial documents.
  • Reconcile bank accounts and corporate credit cards, update daily cash position reports, and investigate outstanding discrepancies.
  • Reconcile Tabby, Tamara, CC Avenue, and POS settlements against sales records and bank statements, ensuring accurate recording of transaction fees.
  • Reconcile supplier statements and follow up on outstanding customer balances.
  • Review sales reports generated through subsidiary systems and coordinate with Club Managers to investigate and resolve discrepancies.
B. Month-End Accounting Support
  • Prepare and post recurring journal entries, including accruals, prepayments, depreciation, and deferred revenue recognition.
  • Maintain and update supporting schedules, including:
    • Prepayments and accruals.
    • Fixed asset register.
    • Loan balances.
    • Deferred revenue schedules based on membership system reports.
  • Collect commission-related information from Club Managers and prepare commission calculations for management review.
  • Prepare payroll inputs, including attendance, leave records, new joiners, and employee separations.
  • Maintain and update end-of-service benefit (EOSB) schedules.
  • Prepare the Wage Protection System (WPS) payroll file and related supporting documents.
C. Compliance, Reporting and Administration
  • Prepare VAT working papers and ensure tax invoices comply with applicable UAE VAT requirements.
  • Assist in preparing audit schedules and provide supporting documentation in response to external auditor requests.
  • Maintain accurate and organized accounting records, ensuring the general ledger is properly classified and free from uncategorized or incorrectly posted transactions.
  • Prepare ad-hoc financial reports, reconciliations, and Excel-based analysis as requested by the Head of Finance.
  • Support the Finance Department in maintaining compliance with internal financial procedures and applicable UAE regulations.
3. Qualifications and Experience
Essential Requirements
  • Bachelor's degree in Accounting, Commerce, Finance, or a related field.
  • 2–4 years of relevant accounting experience, preferably within the UAE.
  • Strong understanding of fundamental accounting principles, including double-entry bookkeeping, accruals, prepayments, and reconciliations.
  • Practical experience using Zoho Books.
  • Good Microsoft Excel skills, including VLOOKUP/XLOOKUP, SUMIFS, and Pivot Tables.
  • Working knowledge of UAE VAT regulations and tax invoice requirements.
  • Good written and verbal communication skills in English.
  • Strong attention to detail, organizational skills, and the ability to meet deadlines.
Preferred Qualifications
  • Experience in fitness, hospitality, retail, or other multi-location business environments.
  • Experience reconciling card payment transactions and Buy Now, Pay Later (BNPL) platforms.
  • Previous experience with payroll processing and WPS.
  • Experience in financial analysis, reporting, and preparation of management schedules.
4. Compensation and Benefits
MyPT offers the following compensation and benefits package:
  • Monthly Salary: AED 5,000 (Fixed and non-negotiable).
  • Employment Visa: UAE employment visa sponsored by the company.
  • Medical Insurance: Provided by the company in accordance with applicable UAE requirements.
5. Skills and Competencies
The ideal candidate should demonstrate:
  • High levels of accuracy and attention to detail.
  • Strong analytical and problem-solving abilities.
  • Ability to manage multiple accounting tasks and meet daily deadlines.
  • A proactive approach to identifying and resolving discrepancies.
  • Good communication and coordination skills when working with Club Managers and other departments.
  • Integrity, confidentiality, accountability, and professionalism.

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