Alshaya jobs

Chief Accountant

Company: COMO Lounge

Location: Al Ain, UAE

The Chief Accountant / Financial Controller will be responsible for the overall financial management of the company, including accounting operations, budgeting, forecasting, branch profitability analysis, inventory control, cost management, taxation, cash flow planning, financial reporting, internal controls, ERP implementation, and strategic business analysis.

This role requires strong experience within multi-branch restaurant, café, hospitality, retail, or food & beverage operations.

KEY RESPONSIBILITIES

• Financial Reporting & Accounting
• Lead all accounting activities across multiple branches and business units.
• Ensure timely monthly, quarterly, and annual financial closing.
• Prepare detailed Management Accounts and Financial Statements.
• Produce branch-level Profit & Loss Statements.
• Maintain General Ledger accuracy and integrity.
• Perform balance sheet reconciliations and month-end closing procedures.
• Review journal entries, accruals, prepayments, provisions, and depreciation schedules.
• Ensure compliance with IFRS standards and UAE accounting regulations.

Financial Planning & Analysis (FP&A)

• Develop annual budgets and rolling forecasts.
• Conduct variance analysis between actual and budgeted performance.
• Prepare executive-level financial presentations.
• Deliver profitability analysis by:
• Branch
• Product Category
• Individual SKU
• Sales Channel
• Delivery Platform
• Provide strategic recommendations to improve profitability and operational efficiency.
• Build financial models to support expansion projects and new branch openings.

Cost Control & Profitability Management

• Establish and monitor:
• Food Cost %
• Beverage Cost %
• Packaging Cost %
• Labor Cost %
• Occupancy Cost %
• EBITDA
• Analyze recipe costing and menu engineering.
• Monitor gross profit margins and contribution margins.
• Identify wastage, leakage, shrinkage, and operational inefficiencies.
• Implement cost reduction initiatives without compromising quality.

Inventory & Supply Chain Finance

• Develop inventory control systems across all branches.
• Monitor stock movements and inventory turnover.
• Reconcile theoretical versus actual consumption.
• Investigate inventory variances and stock losses.
• Conduct periodic stock audits and cycle counts.
• Collaborate with procurement teams to optimize purchasing costs.
• Develop inventory forecasting models.

Taxation & Regulatory Compliance

• Manage UAE VAT compliance and submissions.
• Manage UAE Corporate Tax compliance and reporting.
• Coordinate with external tax advisors and auditors.
• Ensure full compliance with UAE laws and regulatory requirements.
• Maintain documentation supporting all tax filings.

Systems & Digital Transformation

Lead implementation, optimization, and maintenance of:

• Zoho Books
• Zoho Analytics
• ERP Systems
• POS Integrations
• Inventory Management Platforms
• Financial Reporting Dashboards
• Develop automated financial reporting systems.
• Improve data accuracy and reporting efficiency.
• Design executive dashboards for real-time business monitoring.

Internal Controls & Risk Management

• Design and implement internal control frameworks.
• Develop financial policies and procedures.
• Establish approval matrices and spending controls.
• Monitor fraud prevention measures.
• Strengthen governance across all financial activities.
• Ensure proper segregation of duties and accountability.

Cash Flow & Treasury Management

• Manage daily, weekly, and monthly cash flow planning.
• Forecast working capital requirements.
• Monitor banking relationships and facilities.
• Optimize liquidity and cash utilization.
• Ensure timely payment of suppliers and financial obligations.

Leadership & Team Management

• Lead and develop the finance department.
• Supervise accountants, storekeepers, and finance support staff.
• Establish performance metrics and accountability standards.
• Train teams on financial procedures and controls.
• Promote a culture of accuracy, transparency, and continuous improvement.

REQUIRED QUALIFICATIONS

• Bachelor’s Degree in Accounting, Finance, Economics, or related field.
• Professional qualification mandatory:
• ACCA
• CPA
• CMA
• CA
• MBA is considered a strong advantage.

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EXPERIENCE REQUIREMENTS

• Minimum 7–10 years of progressive finance and accounting experience.
• Minimum 3 years in a senior finance leadership position.
• Proven experience within:
• Multi-branch Restaurants
• Cafés
• Hospitality
• Retail Chains
• Quick Service Restaurants (QSR)

Experience with brands such as:

• Starbucks
• Costa Coffee
• Tim Hortons
• KFC
• Pizza Hut
• McDonald’s
• Americana
• Alshaya
• Similar regional or international F&B groups
• will be highly preferred.

TECHNICAL SKILLS

Mandatory:

Advanced Microsoft Excel

Financial Modeling

Budgeting & Forecasting

Cost Accounting

Inventory Accounting

Management Reporting

VAT & Corporate Tax

Zoho Books

Preferred:

Power BI

Zoho Analytics

ERP Systems

SQL Knowledge

POS Integration Experience

Data Analytics

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SUCCESS METRICS

The successful candidate will be expected to:

• Deliver monthly financial closing within 3 working days.
• Produce accurate branch profitability reports.
• Reduce inventory variances.
• Improve reporting accuracy and visibility.
• Strengthen financial controls across all locations.
• Support profitable expansion and scalable growth.

Location: Al Ain, Abu Dhabi

United Arab Emirates

Employment Type

Full-Time

Industry

Hospitality | Specialty Coffee | Restaurants | Food & Beverage

Job Type: Full-time

Pay: AED10,000.00 - AED13,000.00 per month

Ability to commute/relocate:

• Al-Ayn: Reliably commute or planning to relocate before starting work (Required)

Application Question(s):

• Do you have MOFA Stamped (Attested) Degree?
• When will you be able to join? If no, how much notice do you need to serve?

Education:

• Master's (Preferred)

Experience:

• Chief Accountant: 7 years (Required)

License/Certification:

• Chartered Certified Accountant (ACCA) (Required)

Location:

• Al-Ayn (Preferred)