Senior Financial Accountant
Forexpress limited · Dubai, United Arab Emirates
Apply & track with Apply Edge- Manage full-cycle accounting, month-end and year-end closing, ensuring accurate and IFRS-compliant financial reporting.
- Prepare monthly, quarterly, and annual financial statements, including Profit & Loss, Balance Sheet, Cash Flow Statements, and MIS reports for senior management and shareholders.
- Conduct budgeting, forecasting, financial analysis, variance analysis, and profitability assessments to support strategic decision-making.
- Lead reconciliations of client deposits, withdrawals, trading commissions, swaps, spreads, liquidity provider (LP) costs, and platform-generated revenues.
- Oversee daily and monthly reconciliations between MT5 trading platforms, bridge systems, CRM platforms, payment gateways, and the General Ledger.
- Perform Profit & Loss (P&L) calculations and collaborate with Risk Management, Dealing, and Operations teams to ensure accurate revenue recognition.
- Manage Liquidity Provider (LP) settlements, margin deposits, trading fees, rebates, and related transactions while resolving discrepancies promptly.
- Review and approve Sales Team and Introducing Broker (IB) commission calculations, payment schedules, and performance reports.
- Monitor client money balances, operational cash flows, and settlement processes to ensure regulatory compliance and strong internal controls.
- Ensure compliance with IFRS, UAE regulations, corporate governance requirements, and internal financial policies.
- Manage VAT compliance, including return preparation, reconciliations, FTA correspondence, and support for UAE Corporate Tax filings.
- Oversee monthly payroll processing through the UAE Wage Protection System (WPS), ensuring accurate salary payments and compliance with UAE Labour Law.
- Coordinate with external auditors, regulators, banking partners, and internal stakeholders to support audits, regulatory reporting, and financial governance.