Job Description

The Luxury Closet is a company born in Dubai, the heart of luxury in the Arabian Peninsula, where we are redefining the world of luxury. We seek to challenge the norms and build a company that inspires the smart modern-day luxury consumer. We have learnt to dream big, think far, and do what no one thought possible. The Luxury Closet embodies these ideals and aims to build an iconic brand and company that will connect luxury connoisseurs and change the future of luxury shopping.Our mission is to unlock the best luxury closets in the world and build a seamless and happy experience for sellers. We were ranked as the Top 100 Startups Globally by Red Herring in 2016 and Top 5 Startups in UAE by Forbes Magazine, 100 top companies that are changing the MENA region by World Economic Forum, however, we care less for accolades, than our NPS.Some facts about The Luxury Closet:

• TLC has raised $18m till date across 3 funding rounds

• TLC focuses on resale of perfect condition items from high end brands like LV, Hermes, and Rolex from sellers across Middle East, which globally has the highest per capita spend on luxury.

• Founded in 2012, it has expanded rapidly and delivered robust growth. TLC direct-to-consumer sales in MENA represent 60% of revenues and overwhelmingly extend to 40% from Asia to The USA.

• Resale has proved to be a Resilient and High growth Business Model, with TLCs sales growing nearly 100% YOY

• TLC was ranked as Top 100 startups in Arab World by World Economic Forum

This role will have primary day-to-day responsibility for planning, implementing, managing the financial-related activities of the company.Responsibilities:-

• Monitoring day to day accounting functions & ensuring the process accuracy,
• Finalization of accounts for monthly closing & reporting as per defined timelines,
• Ensure compliance in respect of accounting standards, corporate law
• Accounts payable/receivable maintenance and their reconciliation
• Bank reconciliations
• Payroll and utilities
• Cash forecasting
• Revenue and expenditure variance analysis
• Fixed asset activity
• Monitor and analyze accounting data and produce financial reports or statements
• Establish and enforce proper accounting methods, policies and principles
• Coordinate and complete annual audits
• Improve systems and procedures and initiate corrective actions
• Meet financial accounting objectives
• Establish and maintain fiscal files and records to document transactions
• Gain and update job knowledge to remain informed about novelty in the field.
• Improve systems and procedures and initiate corrective actions

Requirements

• Semi qualified/ Qualified CA fresher will be prefered
• Well versed with IGAAP and IFRS
• Experience in preparation of financial statements, tax audit.
• Well versed with Tally accounting software
• Knowledge of GST and income tax act
• Very strong Excel and Power Point skills
• Knowledge of UAE VAT is an advantage

CTC: Upto 5 LPA

The Luxury Closet