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MidChains is a fully regulated virtual asset trading platform and custodian, backed by world-class investors including Mubadala, ADQ, MIAX Exchange Group, and more. We act as a key access point for crypto and virtual asset products, empowering retail investors and linking global institutions to the MENA region. By changing the way people exchange, MidChains seeks to democratize new ways of gaining and holding wealth with the transparency and regulation that makes it safe for all.
Role Description
This is a full-time on-site role for a General Accountant, located in Abu Dhabi. The General Accountant will be responsible for managing the accounting ledger, preparing financial reports, and maintaining accurate financial records. Additionally, the General Accountant will be responsible for reconciling accounts, ensuring compliance with financial regulations, and collaborating with other departments to ensure accurate financial reporting.
Manage bookkeeping and maintain an appropriate chart of accounts.
Perform daily bank account reconciliations (house and client money accounts) and maintain reconciled bank books in ERP.
Assist and manage tax registrations, computing quarterly VAT returns, and reporting for corporate taxation to FTA.
Assist in managing and establishing existing and new global banking relationships including payment service providers.
Liaise with banking partners to ensure compliance in relation to bank account openings, timely vendor payments and inter-company transfers, audit confirmations, and general banking requirements.
Produce daily cash and cash equivalent reports and ensure adequate liquidity levels with banking partners to support effective business operation remittances.
Assist in preparing regulatory and financial reporting such as Capital Adequacy reports, Safe Custody of Client Assets and Client Money, Trading and Treasury revenue reporting, etc.
Monitor and negotiate for bank service fees, commissions, and proactively resolve any outstanding issues with the bank.
Cross-functionally liaise with other departments in particular Custody and Trade Operations to resolve any reporting, reconciliations matters and improve business processes.
Part take in maintaining relevant functional policies, procedures, and internal controls that are compliant.
Assist in Internal and External Audit engagements.
Contribute to preparing the budgeting and free cashflow projections of the Group.
Qualifications
Bachelor’s degree in Finance & Accounting.
3-5 years of relevant general accounting experience preferably in an exchange, brokerage, or bank.
Must have advanced knowledge in MS Excel, PowerPoint, and have good experience with accounting software/ ERP.
Ability to work under pressure, often in a deadline-driven environment, and ability to perform several tasks concurrently.
Critical thinking, problem-solving skills, and superior attention to detail.
Strong written and verbal communicator with a desire and ability to build relationships.
Experience in a high-growth start-up or large multi-national preferred.
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