Job Objective:
To manage the accounting operations of the company including the production of periodic financial reports, maintenance of an adequate system of accounting records, responsible for establishing and executing internal controls over the company's accounting and financial procedures and a comprehensive set of controls designed to mitigate risk, enhance the accuracy of the company's reported financial results, and ensure that reported results comply with international financial reporting standards. To manage and handle all accounting processes in order to report the financial figures to senior management by representing monthly, quarterly and annual financial statements.
Accountabilities:
Month closing and consolidation
- Close books of accounts
- Book all the entries accurately and on timely basis for month, Quarter and Year end closing. Schedules preparation and analysis.
- Book all accruals in the systems
- Book all revenue in the system
- Book all utilities and other G&A costs in the system
- Preparation of month, quarterly and annual consolidation of financial statement
Statutory reporting & Parent reporting
- Preparation of annuals financial statements along with notes.
- Making sure all accounts and disclosures are prepared as per the applicable accounting standards
- Submission of monthly, quarterly and annual trial balance, financial statements, notes to the financial statements and other requested information
- Liaising with tax consultants and insuring Tax compliance for Payroll, VAT, WTH and income tax returns submissions and payments
Audits and governance
- Liaising with external and internal auditors for annual audits.
- Agreeing the Audit timelines & Schedules on a quarterly basis to ensure timely audits in line with statutory requirements
- Provide documents & handling all Queries/ Exceptional Matters during audit process to ensure auditors approval.
- Ensuring Compliance on the agreed recommendations of the Auditors raised in their Management Letters to the Company.
- Ensuring compliance and adoption of best practices on the agreed recommendations of the Internal Audit Reports.
- Preparation of specific audit committee presentations slides
Payment processing
- All Employee payments, which include monthly payroll and other payments, are processed and booked properly in the system
- supplier payment - All payments to suppliers are reviewed and processed as per the cut-off dates
- Governmental payments- All taxes and social insurance payments are reviewed and processed properly.
- Utility payments - All utility payments are reviewed, processed and posted monthly
- Contractor's payments - All contractor's payments are processed as per the payment plan approved by the management
- Ad hoc payments - All urgent ad hoc payments are processed, reviewed and posted
- Petty cash disbursements - All petty cash payments are reimbursed to the holders on a monthly basis after proper approval and accuracy and posting
Core accounting tasks
- Accounts Payable & Receivable: - Ensure the accuracy of accounts payable and receivables listings in order to make timely collections and payments.
- Review asset register to ensure proper & updated records are maintained.
- Review capitalization & disposal of assets
- Maintain a professional relationship with Banks.
- Cash Management through forecasting annual cash in and outflow.
- Checking all Payroll & employee-related payments like loans, advances, Mileage claims, etc., to ensure proper authorization, accurate & timely payments.
- Project Accounting - Ensure inclusion of all relevant costs & documents to conclude proper accounting prior to capitalization of plants.
- General Ledger Prepare & Review general ledger on a regular basis to ensure accuracy of posting.
- Prepare & Oversee Daily accounting activities
- Prepare and track annual budget.
- Process, Plan, coordinate and control the day-to-day duties of the accounting function with the objective of performing work smoothly and effectively
- Keep abreast of developments/knowledge and trends in respective field, by reviewing/researching via internet, professional publications, media, attending exhibitions, conferences as necessary
Group accounting and reporting
- Book closing, preparation of standalone and consolidated financial statement and audit
- Weekly reporting on cash movements and forecasts.
- Monthly reporting on cash burns.
- Ad- hoc reports required by HQ team.
Minimum Qualifications:
- Bachelor's Degree in Accounting or Commerce.
- Preferred to have Post graduate professional qualifications such as Chartered Public Accountant (CPA), Association of Chartered Certified Accountants (ACCA) or equivalent
Minimum Experience:
- 8-10 years of post-qualification experience in a similar role primarily in the Finance function in a large or complex organization.
