Accountant – Forex & CFD Brokerage

About the Role

Metelite Global is seeking a detail-oriented and experienced Accountant to manage the company's financial operations, client transaction reconciliations, accounting records, and regulatory tax reporting.

The ideal candidate will have strong accounting experience, preferably within the Forex/CFD brokerage or financial services industry, with the ability to independently manage daily accounting operations, payment reconciliations, Introducing Broker (IB) commissions, and month-end closing.

Key Responsibilities

Client Transactions & Reconciliation

• Verify and reconcile client deposits and withdrawals against bank statements, payment gateways, CRM records, and trading accounts.
• Validate transaction amounts, client account details, payment references, and transaction statuses.
• Identify and resolve unmatched payments, discrepancies, duplicate transactions, and failed transactions.
• Perform daily bank reconciliations and maintain accurate transaction records.
• Coordinate with Operations and Compliance teams to resolve payment discrepancies and ensure proper transaction documentation.

Accounting & Financial Operations

• Maintain accurate accounting entries, general ledgers, accounts payable, and accounts receivable.
• Record and monitor operational expenses, vendor invoices, and payment obligations.
• Process and reconcile vendor payments, ensuring appropriate documentation and internal approvals.
• Manage monthly payroll calculations, salary records, and applicable UAE WPS processes.
• Monitor revenue, expenses, cash flow, and operational profitability.

Brokerage Revenue & IB Commissions

• Reconcile brokerage revenue, including spreads, commissions, swaps, and other applicable trading-related income.
• Calculate, verify, and reconcile Introducing Broker (IB) commissions, rebates, and partner payouts.
• Maintain commission statements, payout records, and related accounting entries.
• Coordinate with the Dealing Desk and Operations teams to reconcile trading-related financial data.

Taxation, Reporting & Closing

• Maintain VAT records, prepare VAT reconciliations, and support applicable UAE VAT filings.
• Support UAE Corporate Tax compliance and statutory reporting requirements.
• Prepare monthly Profit & Loss statements, Balance Sheets, Cash Flow Statements, and management reports.
• Perform month-end closing, journal adjustments, accruals, and account reconciliations.
• Maintain audit-ready financial records and coordinate with external auditors and tax consultants.

Requirements

• Bachelor's degree in Accounting, Finance, Commerce, or a related field.
• Minimum 3 years of relevant accounting experience, preferably within a Forex/CFD brokerage, financial services, or trading company.
• Strong knowledge of accounting principles, bank reconciliations, journal entries, and financial reporting.
• Working knowledge of UAE VAT, Corporate Tax, and payroll requirements.
• Proficiency in Microsoft Excel and accounting software such as Zoho Books, Tally, QuickBooks, or equivalent.
• Strong numerical accuracy, attention to detail, and ability to manage confidential financial information.
• Ability to work independently and coordinate effectively with multiple departments.

Skills

• Previous accounting experience within a Forex/CFD brokerage.
• Familiarity with MetaTrader 5 (MT5), brokerage CRM systems, and payment gateways.
• Experience handling Introducing Broker commissions and trading revenue reconciliations.