<p dir = "auto"><strong>Role Objective</strong>:</p> <p dir = "auto">To execute range of tasks pertaining to accounting such as analyzing financial information, preparing financial reports by compiling information, preparing profit and loss statements and maintaining book keeping by utilizing appropriate accounting principles and control procedures.</p> <p dir = "auto"><strong>Duties and Responsibilities:</strong></p> <p dir = "auto"><strong>Operational:</strong></p> <p dir = "auto"></p> <p dir = "auto"><strong>Invoice Processing:</strong></p> <p dir = "auto">• Manage end to end invoicing process in timely manner as per company procedures which involves the following: </p> <p dir = "auto"> Process supplier invoices as and when received, keep track of payment made and handle all related queries on regular basis.</p> <p dir = "auto"> Resolve invoice disputes (internally/externally) by addressing issues and providing effective solutions.</p> <p dir = "auto"> Follow-up with payment team to ensure that payments are made as per the agreed terms.</p> <p dir = "auto"> Report non-compliance to top management and maintain related data to provide reasons and offer solutions. </p> <p dir = "auto"></p> <p dir = "auto"><strong>Financial Accounting:</strong></p> <p dir = "auto">• Perform standard accounting functions such as; preparation of statements of accounts, posting and reconciliation of accounts in various ledgers, ensuring they are compliant with company procedures.</p> <p dir = "auto">• Coordinate all aspects of the month end closing and ensure that monthly accounts’ closing is done within the agreed target and deadline. </p> <p dir = "auto"></p> <p dir = "auto"><strong>Management Accounting: </strong></p> <p dir = "auto"><strong>Budgeting</strong>:</p> <p dir = "auto">• Assist in the annual budgeting exercise and preparation of annual budget by providing support to budget holders in analysing trends, anticipating requirements, aligning monetary resources; developing action plans and suggesting ways to minimize the impact of variances.</p> <p dir = "auto">• Investigate the deviation from the plan and provide adequate reasons for them by proactively monitoring related departmental activities vis-à-vis the plan. </p> <p dir = "auto">• Challenge the budget holder submission and report concerns to higher management. </p> <p dir = "auto">• Obtain necessary approvals as per company policies by coordinating with various stakeholders in timely manner (e.g. shareholders, lenders, etc.).</p> <p dir = "auto"></p> <p dir = "auto"><strong>Control</strong>: </p> <p dir = "auto">• Report Actual vs. Budget on monthly basis with proper justification for deviation and analyse resultant impact. </p> <p dir = "auto">• Conduct quarterly review with budget holders to go through the performance and highlight any probable variances and discuss ways in which it could be controlled.</p> <p dir = "auto">• Update the forecast every quarter and report the same to management by analysing data and trends to proactively ensure compliance and minimize variations. </p> <p dir = "auto">• Analyse cost and provide (by working with budget holders) new initiatives on cost reduction & control. </p> <p dir = "auto"></p> <p dir = "auto"><strong>Accounting and Book keeping:</strong></p> <p dir = "auto"><strong>Monthly closing accounting procedure:</strong></p> <p dir = "auto">• Ensure timely completion of standard monthly accounts as per the area of responsibility. </p> <p dir = "auto">• Maintain monthly book of accounts accurately and in compliance, determine accuracy, completeness and conformance to established policies and procedures and generally accepted accounting standards. </p> <p dir = "auto">• Liaise with other departments in order to resolve any issues relating to accounts reconciliations. </p> <p dir = "auto">• Responsible for preparing cheques for internal and external vendors on a weekly basis and ensuring smooth processing within timelines.</p> <p dir = "auto"></p> <p dir = "auto"><strong>Year End closing accounting procedure:</strong></p> <p dir = "auto">• Manage the annual closing process and ensure that the accounts are prepared in accordance with accounting standards and meet the statutory publication timetable. </p> <p dir = "auto">• Draft the year end closing plan and ensure timely completion of the standard year end accounts as per the area of responsibility. </p> <p dir = "auto">• Responsible for timely and accurate reconciliations prior to the yearend.</p> <p dir = "auto">• Highlight and ensure adequate actions are taken on all outstanding items in order to close them on time.</p> <p dir = "auto"></p> <p dir = "auto"><strong>Audit & Compliance:</strong></p> <p dir = "auto"><strong>External Audit: </strong></p> <p dir = "auto">• Assist the external auditors by providing desired information and explanation wherever required.</p> <p dir = "auto">• Ensure all management letter observations are dealt with & closed as per the agreed action plan.</p> <p dir = "auto">• Ensure smooth functioning of the audit related work and targets are met before the deadline.</p> <p dir = "auto"></p> <p dir = "auto"><strong>Internal Audit: </strong></p> <p dir = "auto">• Coordinate and co-operate fully with internal auditors to ensure they have full access and support throughout the audit process to minimize the likelihood of disruption or unnecessary discrepancies.</p> <p dir = "auto">• Close internal audit observation by taking suggested action and establishing ways to ensure clearance from the internal audit team in future.</p> <p dir = "auto"></p> <p dir = "auto"><strong>Documentation and Report Preparation:</strong></p> <p dir = "auto">• Compile and analyze financial information and prepare reports and other management information as required, conducting additional research where necessary, to ensure that Senior Managers have the relevant information needed to support decision-making.</p> <p dir = "auto">• Prepare individual financial statements (P&L, Balance sheet, Cash flow) on quarterly basis along with FS notes.</p> <p dir = "auto">• Follow with shareholders’ requirements of reports (FS & other reports) through consistent communication.</p> <p dir = "auto">• Responsible for external reporting to shareholders, government agencies and other stakeholders as per company policies and rules from time to time.</p> <p dir = "auto"></p> <p dir = "auto"><strong>Taxation:</strong></p> <p dir = "auto">• Prepare the Final Income tax return by filling in all the necessary information in desired format.</p> <p dir = "auto">• Respond to Tax authority inquires by discussing issues and solutions with the Finance Manager in appropriate and timely manner. </p> <p dir = "auto">• Close the Tax audits & assessment with the Tax authority on timely basis by proactively providing information in relevant format.</p> <p dir = "auto">• Review all foreign payment for withholding tax implications.</p> <p dir = "auto"></p> <p dir = "auto"><strong>Education:</strong></p> <p dir = "auto">– Bachelor’s degree in Finance or Accounting </p> <p dir = "auto"><strong>Experience:</strong></p> <p dir = "auto">– 2-3 years’ experience in similar role is required</p> <p dir = "auto">– Knowledge of finance, accounting, budgeting, and cost control principles </p> <p dir = "auto">– Knowledge of financial and accounting software applications </p> <p dir = "auto"><strong>Special Skills & Knowledge: </strong></p> <p dir = "auto"><strong>– Technical Skills:</strong></p> <p dir = "auto"><strong>o </strong>Ability to analyze financial data and prepare financial reports, statements and </p> <p dir = "auto">o Attention to detail </p> <p dir = "auto">o Excellent judgement and problem solving skills </p> <p dir = "auto">o Advanced Excel skills </p> <p dir = "auto"><strong>– Soft Skills:</strong></p> <p dir = "auto">o Excellent planning and organizing skills </p> <p dir = "auto">o Strong analytical skills</p> <p dir = "auto">o Excellent written and spoken skills in English and Arabic </p> <p dir = "auto">o Excellent coordination skills</p> <p dir = "auto">o Good influencing skills</p> <p dir = "auto"></p> <p dir = "auto"></p>
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