Company Description UNITRADE LLC is part of Egypt Luxury, a group that entered the Egyptian market in 2021 through the acquisition of Unitrade Group to further grow its distribution and retail operations. Headquartered in Cairo, Unitrade has been active since 1974 in importing, marketing, and distributing fragrance, makeup, skincare, toiletry products, premium accessories, and luggage. The organization leverages decades of experience in the beauty industry across the Middle East and a strong financial foundation to expand its presence in Egypt. Egypt Luxury aims to position itself as a leading name in the country's luxury and beauty sector, offering growth opportunities for professionals who want to contribute to a thriving, dynamic industry.
Role Description
The Chief Accountant manages the accounting functions within an organization, ensuring accuracy, integrity, and compliance with accounting standards and regulatory requirements. They are responsible for supervising the accounting team, providing guidance, training, and support to ensure accurate and timely financial reporting.
Job Responsibilities:
- Oversee and manage the accounting department, ensuring accurate and timely recording of financial transactions in compliance with accounting standards and regulations.
- Supervise and provide leadership to accounting staff, including hiring, training, and performance evaluation, to maintain a high level of productivity and professionalism within the team.
- Manage the month-end and year-end closing processes, including reconciliations, balance sheet reconciliations, accruals, and adjustments, to ensure completeness and accuracy of financial reporting.
- Monitor and analyze financial performance, identifying areas for improvement and making recommendations for cost reduction, revenue enhancement, and operational efficiency.
- Coordinate and liaise with external auditors, tax authorities, and regulatory agencies to facilitate audits, reviews, and compliance with regulatory requirements.
- Develop and maintain relationships with internal stakeholders, such as department heads and business unit leaders, to provide financial guidance, support, and expertise as needed.
- Stay abreast of changes in accounting standards, regulations, and industry trends, and ensure compliance and alignment with best practices in accounting and financial reporting.
- Maintain strong internal controls over accounting and financial transactions.
- Review and reconcile all major Balance Sheet accounts on a regular basis.
- Monitor intercompany balances and ensure timely reconciliation and settlement
- Assist Finance Manager to Ensure timely preparation and submission of VAT/Sales Tax, withholding tax, income tax, and other statutory requirements.
- Monitor inventory accounting and valuation, particularly for retail and distribution operations.
- Review COGS, landed costs, stock provisions, inventory adjustments, and slow-moving/obsolete inventory.
Job Knowledge & Skills:
- Extensive knowledge of accounting principles, financial reporting standards, and regulatory requirements to ensure accurate and compliant financial reporting.
- Strong leadership and team management skills are essential for effectively supervising and motivating the accounting team, fostering a collaborative and high-performing work environment.
- Proficiency in accounting software and ERP systems is necessary for managing financial transactions, generating reports, and maintaining financial records efficiently.
- Excellent analytical skills are vital for interpreting financial data, conducting variance analysis, and identifying trends or anomalies within financial reports.
- Experience in financial statement preparation, budgeting, and forecasting enables the Chief Accountant to provide strategic insights and recommendations to senior management.
- ERP knowledge, preferably Dynamice365 functional skills are a requirement to be successful in this role.
Job Experience and Education:
- Bachelor's degree in accounting; professional certifications ACCA or CMA are highly preferred.
- Minimum of 5-8 years of progressive experience in accounting roles, with at least 3 years in a supervisory or managerial position.
- Retail Experience and Distribution industry experience is a plus.
- Strong knowledge of International Financial Reporting Standards (IFRS) and local accounting regulations.
- Experience with accounting software and ERP - Microsoft Dynamice365.
- Excellent analytical, organizational, and leadership skills.
- Strong attention to detail and high level of integrity.
- Ability to work under pressure and meet deadlines.
- Effective communication and interpersonal skills.
