Senior/ Chief Accountant

Client of JobFinders

Responsibilities:
1. Financial Recording & Bookkeeping
Compile and reconcile all ledger account balances to prepare an accurate, properly classified periodic trial balance.
Record all financial transactions in compliance with accounting standards and company policies.
Maintain up-to-date ledgers, journals, and supporting financial records to ensure data integrity.
2. Reconciliation
Perform daily reconciliations of bank statements, accounts payable, and accounts receivable to ensure accuracy and resolve discrepancies promptly.
Maintain reconciliations for accrual costs, prepayments, VAT, income tax, Zakat, and other provisions.
Investigate and resolve account variances to ensure accurate financial data.
3. Financial Reporting
Prepare monthly financial statements, including balance sheets, income statements, and cash flow statements.
Ensure timely and accurate monthly reporting in line with company and regulatory requirements.
Support the preparation of specialized reports such as job costing analysis, client profitability analysis, and revenue vs. cost comparisons.
4. Accounts Receivable & Accounts Payable
Oversee accounts receivable collection and accounts payable payment processes, ensuring timely collection and timely payments processing.
Track and follow up on receivables and payables weekly.
Prepare a weekly payment list for review and processing every Wednesday.
5. Cost Accounting
Implement and maintain a cost accounting system to monitor job costs and assess profitability.
Analyze variances between estimated and actual costs, providing insights for improvement.
6. Team Leadership
Supervise and mentor the accounting team subordinates, fostering professional development and ensuring productivity.
Conduct performance evaluations to align team objectives with departmental and company s goals.
7. ERP Systems & Process Improvement
Optimize the use of the company s ERP system to improve efficiency in financial operations.
Identify and implement process enhancements to streamline workflows and increase accuracy.
8. Taxation & VAT
Ensure compliance with financial regulations, including VAT, income tax, Zakat, and withholding tax requirements.
Prepare and assist tax consultants in the submission of VAT and WHT filings, ensuring accuracy and timeliness.
9. Vendor & Client Relations
Manage financial interactions with vendors and clients, including invoice issuance, payment processing, and dispute resolution.
Coordinate with internal teams to address financial matters promptly and effectively.
10. Audit Support
Prepare and provide documentation and explanations required for external audits.
Address audit findings and implement corrective actions to strengthen financial controls.