Company Description
Headquartered in the UAE, BitOasis is the largest and most trusted cryptocurrency platform in the MENA region. Established in 2015, BitOasis is a pioneer of the region’s cryptocurrency ecosystem,serving as the go-to platform for first-time cryptocurrency buyers and professional traders alike.
BitOasis aims to offer the most secure and regulated infrastructure in cryptocurrency trading for retail and institutional clients across the region.
https://bitoasis.net/en/about-us.
Job Description
The successful candidate will be responsible for ensuring the use of best practices to meet the regulatory reporting requirements within the timelines. They will be responsible for managing the month-end books closure in line with IFRS and regulatory requirements, managing statutory reporting, completing the entity audits. The candidate will be managing a team of Sr. accountants, Accounting Manager across UAE, Jordan and will be responsible for the growth and development of the financial control team. The candidate is expected to collaborate cross-functionally on various strategic initiatives with Compliance, Technology, Operations, FP&A, Treasury teams etc. to achieve organization goals. The role will also entail liaising with external parties like auditors, vendors, regulatory authorities, and advisors.
Role responsibilities
Key Responsibilities:
Financial Reporting:
Lead the preparation and review of accurate and timely monthly, quarterly, and annual financial statements in accordance with International Financial Reporting Standards (IFRS) and local UAE regulations.
Oversee the consolidation of financial results for all entities within the group.
Prepare comprehensive financial analysis and commentary for senior management and stakeholders.
Technical Accounting & Compliance:
Serve as the in-house expert on IFRS, particularly as it applies to digital assets, revenue recognition, and complex financial instruments.
Monitor changes in accounting standards and regulatory requirements, assessing their impact on the company and implementing necessary adjustments.
Ensure compliance with all relevant financial regulations and reporting obligations in the UAE.
Accounting Operations:
Manage and oversee the day-to-day accounting operations, including general ledger, accounts payable, accounts receivable, and fixed assets.
Ensure proper reconciliation of all balance sheet accounts, including crypto assets and liabilities.
Drive the month-end and year-end closing processes, ensuring efficiency and accuracy.
Internal Controls & Audit:
Develop, implement, and maintain robust internal controls over financial reporting to safeguard company assets and ensure data integrity.
Coordinate and manage external audits, acting as the primary liaison with auditors and ensuring timely completion of audit requirements.
Identify and implement process improvements to enhance efficiency, accuracy, and control within the finance function.
Regulatory Reporting:
Prepare and submit all required financial and statistical reports to regulatory bodies in the UAE.
Stay abreast of evolving regulatory frameworks related to cryptocurrency and financial services in the region.
Team Leadership & Development:
Lead, mentor, and develop a team of finance professionals, fostering a culture of excellence, collaboration, and continuous improvement.
Provide guidance and training on complex accounting issues and best practices.
System & Process Enhancement:
Collaborate with IT and other departments to optimize financial systems (e.g., ERP, accounting software) and automate processes.
Hands on experience with automation will be an added advantage
Qualifications
- 12-15 years’ work experience with a bachelor’s degree in accounting, finance, or a related field and a master's degree or professional certification (e.g CPA, CMA, CA, ACCA) is preferred.
- Strong knowledge of accounting principles, financial reporting standards, and relevant regulations (e.g., GAAP, IFRS).
- Proficiency in financial analysis, budgeting, and forecasting techniques.
- Excellent analytical skills with the ability to interpret complex financial data and provide meaningful insights.
- Advanced proficiency in financial software and tools (e.g., ERP systems, financial modeling software).
- Solid understanding of internal controls, risk management, and compliance requirements.
- Strong leadership and communication skills, with the ability to effectively collaborate with cross-functional teams and senior management.
- Detail-oriented mindset with a focus on accuracy and precision.