The scope for accountant jobs in UAE is quite prospective as almost all companies and businesses require one. The accounting sector in UAE is dominated by both locals and expats, especially expats from India. Most employers look for candidates with some years of experience in accountant jobs in UAE. There are some employers who also give a technical test to the candidates before making the final selection in the job role of an accountant. Having efficiency in Arabic language is an additional advantage.
Accountant jobs in UAE: Roles and responsibilities
All account related tasks are handled by the accountant. He or she has to prepare error-free accounting reports, analyze financial information of the company, improve financial status, improve efficiency and spending, prepare financial statements, monthly settlement, account checking, assist with audits, and so on. With experience, you move over to senior level positions to help in achieving goals of the company, to plan, assign and review staff’s work, and so on.
Eligibility criteria to apply for accountant jobs in UAE
Most employers in UAE look for candidates with a graduate degree and above for accountant jobs in UAE, preferably in Finance management, accounting and other related majors. Relevant experienced candidates have better chances to be employed, though Fresher graduates can also apply. For Freshers, employers look for candidates who are flexible, active, and have a ready-to-learn approach. Good communication skills, high efficiency and strong execution are essential skill requirement in accountant jobs. For large organizations and MNCs, CPA or Certified Public Accountants are usually employed for accountant jobs in UAE.
Payscale of accountant jobs in UAE
It has been reported that the average salary in accountant jobs in UAE is AED 58,071. Most employers in UAE look for few relevant skills for accountant jobs. These include:
- General Ledger Accounting
- Accounts Payable
- Financial Reporting
- Accounts Receivable
- Microsoft Excel
As per HR reports of various companies in UAE, it has been found that candidates with skills in General Ledger Accounting, Financial Reporting and Accounts Receivable are usually given the upper hand in terms of salary. They get more than the average. However, executives with basic skills like Microsoft Excel and Accounts Payable are paid less than the market rate.
As per salary and skills report taken up by payscale.com, salaries of accountants in accountant jobs in UAE are given as follows. However, this is a general indication of average salary, and can differ on actual accountant jobs in UAE, from company to company.
- Less than 1 year experience: AED 38,287
- 1-4 years of experience: AED 46,497
- 5-9 years of experience: AED 68,929
- 10-19 years of experience: AED 94,278
- 20+ years of experience: AED 70,986
Scope of Accountant Jobs in UAE
There is abundant number of opportunities available for professional accountants for employment in UAE. The four main types of accountant jobs in UAE, like in any most countries of the world are:
- Public Accountant jobs: Work for Corporations, governments and individuals and responsible for accounting, auditing, tax and consulting duties.
- Management Accountant jobs: Record and analyze the financial information of the clients, individuals or businesses.
- Government Accountant jobs: Maintain and examine records of government agencies of UAE.
- Internal Auditor jobs: A popular type of accountant job to check for risk management of an organization or businesses’ funds.
Advancement in the field of accountant jobs in UAE can take many forms. Entry-level accountants will notice their responsibilities increase with each year of practice, and can move to senior and team lead positions within a few years. With time, they can become supervisors, managers or partners.