Senior Accountant Confidential Company

Job DescriptionRoles & ResponsibilitiesGeneral LedgerCompile and analyze financial information; ensure all expenditures are mapped to the correct account of individual company entitiesEnsure monthly recurring journal entries, such as prepayments, amortization, accruals, and provisions for slow-moving stocks and bad debts, are accounted properly.Substantiate financial transactions by auditing documents to ensure all are fully supportedEnsure all required tasks for the monthly closing of the General Ledger module are completed within the agreed timelinesEnsure accuracy of financial statements in accordance with GAAP, IFRS, IAS, and compliance to internal policiesResponsible for General Ledger (GL) account reconciliations of individual company entities as assigned and bank account reconciliations of the group of entities; investigate and resolve financial discrepancies by collecting and analyzing account informationReconcile the financial statements prepared (Balance Sheet and P & L) with the MIS final monthly reportCreate monthly accounting reporting packs, including insightful commentaries relating to GL reconciliationsReporting, Budgeting & Financial ReviewsPreparation of monthly & quarterly MIS reportsAnalyzing expenditure trends, investigating and highlighting abnormal variances to facilitate completion of MIS monthly/quarterly reportsResolve accounting discrepancies; perform accounts analyses with reasons on significant changes during the month as per the timetable, and report relevant information as necessaryMake recommendations based on analyses to enhance financial reports and recordsMonitor LPO release for cost controlFinancial reconciliation reviewsTaxationAccurately prepare monthly and quarterly VAT returns for VAT-registered entitiesWork closely with the Procurement Department for the allocation and reconciliation of VAT on imports as reflected in the Federal Tax Authority (FTA) portalEnsure VAT returns filing are done, and tax dues paid in a timely manner to prevent any penalty charges for delayPrepare VAT returns report schedules, ensure all monthly and quarterly tax reports are fully reconciled with the General Ledger, and maintain complete tax return database in preparation for tax audit by FTAAudit and Fixed AssetsWork with the Line Manager and GL Team to ensure the smooth flow of internal/external audit by providing all the required documents/information in a timely mannerEnsures the monthly closing of the Fixed Asset module is within the agreed timetable.Ensure all assets lying in the clearing account are capitalized/transferred to the main asset account.