Finance Officer - Dubai, United Arab Emirates - Zayed University
Description
The Opportunity
As a member of the financial services, account receivables team, process revenues, payments and other financial transactions related to the Colleges, Centers and Institutes.
The Responsibilities
Under the guidance and direction of the Commercial Manager, the Finance Officer is responsible for the following core activities:
Debt collection
- Listening carefully to the situations and issues related to debtors.
- Negotiating payment plans and keeping a tight followup on payments.
- Preparing debtor statements so as to have complete information on the status of debt collections.
- Coordinates with the respective departments heads and prepares invoices/receipts/refunds for various services provided by the Centers/departments and Institutes.
- Follows up on the collection of receivables related to the Centers and Institutes and arranges for their deposit in the appropriate bank account(s). Liaising with Banks to ensure that remittances are properly identified and booked in a timely manner
- Maintains a timely and accurate tracking of all student fees invoiced and payments received.
- Supports in all matters pertaining to customer credit and collection of outstanding debts in a timely and efficient manner
- Responsible for the system identification and classification of the VAT related matters
- Preparing all VAT output related reports to be submitted to Federal Tax Authority.
- Responsible to investigate the possible VAT reporting improvement to FTA.
- Enters data, fee assessment rules, scholarships, sponsorships, and invoices/receipt entries into the accounting system.
- Supports the Centers and Institutes' Directors in reviewing their financial information and provides feedback in a timely manner.
- Provides timely and accurate feedback to the Program Manager (s) of the respective departments and to their respective Dean(s), if required to do so.
Student Financial Aid Fund
- Maintaining the financial records for the Student Financial Aid Fund, including fund's budget preparation and monitoring.
- Processing the monthly financial aid (stipends & other expenses) to students for meals and transportation, as approved by the Student Financial Aid Committee.
- Monitor & update all student related financial matters on the Financial Aid Portal
- Monitor and process all E Services requests throughout the University (Graduation Clearance, Suspension, withdrawal, transfers, transcript/diploma replacement request, ID replacement
- Ensures proper filing of documentation relating to revenues, payments, and journal vouchers.
- Any other projects and assignments delegated by the Director/Manager.
- Performing administrative duties, as required.
The Requirements
Must possess a bachelor's degree in commerce or a related field from an accredited institution and a minimum of 2 year experience in the accounting function using enterprise computerized accounting systems.
Other essential requirements:
Experience using spreadsheets is essential.
Fluency in Arabic & English
Desired or preferred requirements:
Experience working in the academic environment.
Experience with other office software would be an asset
The Benefits
The University's benefits package is highly attractive, with competitive salaries free of tax in the U.A.E., Cash housing, a furniture allowance, annual vacation airline tickets for the employee and immediate family, educational subsidies for children and healthcare is provided to the employee and sponsored family members.
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