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Senior Financial Accountant Middle East & Africa

Apply now Job no: 614171
Work type: Permanent
Location: Dubai
Categories: Finance, Middle East & Africa, Individual Contributor

Cochlear develops world-leading medical devices that help people hear. As the top 100 medical device company and market-leader in implantable hearing devices, more people choose a Cochlear-branded cochlear implant system than any other. Our employees tell us that the number one reason they enjoy working for Cochlear is the opportunity to make a difference to people’s lives.

An exciting opportunity has arisen for a Senior Financial Accountant MEA to join our team in Dubai Office. The position has the financial accounting responsibility for the Dubai legal entity, providing accounting support to all local departments and ensuring compliance with legal and statutory controls in all financial matters.  The position is responsible for all accounting requirements and procedures controlling all internal and external bookkeeping and reporting activities and acting as the representative towards authorities and auditors. Also Managing Account receivable activities of MEA markets including AR accounting, follow up on overdue amounts, sending monthly statements, & organise distributor meetings. Pro-active engagement with Sales & other functions of MEA region and making sure overdue issues are escalated on time.

Another important aspect of this role is to closely work with MEA Finance Manager on monthly forecasting activities, doing variance analysis for Sales & operating expenses. This role having the responsibility of sharing monthly management reports with MEA Sales & Functional teams and making sure variances are properly discussed and explained. Another important role is active participation of Finance functional transformation initiatives and look for continuous process improvements in MEA region.

Duties and Responsibilities:

  • Preparation of and functional responsibility for the monthly accounts using Oracle in accordance with local requirements and for group reporting in line with International Financial Reporting Standards (“IFRS”)
  • Ensure appropriate accruals and restatements required for the liabilities of the company and ensure that all are correctly accounted for.
  • Calculate, review and post transfer pricing accruals.
  • Complete annual statutory packs and insurance questionnaires as required by Global Headquarters.
  • Lead and take responsibility for any regular or ad-hoc internal and external audits of the company books, including the annual financial year end audits.
  • Present and review annual audit results with the “Finance Manager MEA”.
  • Ensure that debtors’ controls for the Middle East and African regions are effective and aligned with the business requirements. Work in alignment with sales teams and distributors to maximise collections.
  • Perform regular reviews of customers and collections for the Middle East and African regions.
  • Ensure that all customer accounts are correctly aged, cash collected and booked, credit notes applied and that accounts are properly reconciled.
  • Regular reporting to the EMEA credit control & Treasury teams
  • Closely work with MEA Finance manager on monthly forecasting activities
  • Maintain robust variance analysis process for Sales & operating expenses
  • Prepare necessary schedules/analysis to support annual budgets & Quarterly operating expenses reviews
  • Sharing Monthly Management reports with Regional Director, MEA Finance Manager & other Functional Heads of MEA region
  • Manage cash flows, preparing cash forecast and funding requests.
  • Provide monthly reconciliations which substantiate the balances in the accounts using IT tools (Oracle, OBIEE and GL Wand).
  • Apply and continuously improve processes to enhance the visibility and accuracy of balance sheet accounts.
  • Ensure balance sheet reconciliations are completed, reviewed, and signed in accordance with company policy.
  • Ensure payables controls, expense processing, capital expenditure and intercompany accounts are effective and comply with company policy.
  • Ensure that suppliers contracts and obligations comply with transfer pricing policies

Key Requirements

  • Qualified to Chartered / Certified Accountant level (ACCA/CIMA/CMA) or Having a Degree in Finance & Accounting
  • Work Experience: Minimum 7 years of experience in relevant field. Good working knowledge of the accounting, financial analysis, and finance disciplines
  • Experience in Multinational company in the Middle East & Africa Region
  • Experience in Multi-currency operations
  • Proven experience in International and Local IFRS standards
  • Evidence supporting financial planning and budgeting
  • Experience in payments instruments and letter of credits processes
  • Evidence in continuous improvement processes
  • Customer Service and Analytical Skills
  • Excellent verbal and written communication and presentation skills, especially on Financial data presentation skills
  • Ability to work independently without direct supervision and be accountable for day-to-day finance activities
  • Strong in Microsoft based software (Microsoft Word, Excel and PowerPoint), and CRM software. Use of Oracle, Hyperion Smartview tools or similar
  • Language Skills/ Proficiency: English (fluent)


Cochlear’s mission is to help people hear and be heard. Around the world, more people chose a Cochlear-branded hearing implant system than any other. Our employees tell us that the number one reason they enjoy working for Cochlear is the opportunity to make a difference to people’s lives. Learn and grow with us as we tackle the most complex challenges in helping people to Hear Now. And Always. Cochlear is the global market leader in implantable hearing solutions including cochlear implant systems (CI) and bone anchored hearing aids (Baha™).

Equal opportunities

Cochlear is committed to providing equal opportunities to avoid unlawful discrimination on the grounds of race, sex, disability, sexual orientation, religion/belief or age.

In line with our corporate ethics and statutory obligations we strive to ensure that the work environment is free of harassment and bullying and that everyone is treated with dignity and respect - this is an important aspect of ensuring equal opportunities in employment.

Advertised: Arabian Standard Time
Anticipated Application Closing: Arabian Standard Time

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