About the job Chief Accountant (Consolidation Experience is a must)
Duties/Responsibilities:
Responsible for the monthly closing of the financial results on Group level including but not limited to reviewing the intercompany transactions, making sure that the balance sheet is balanced, checking opening and closing balance, validating revenues and costs using the HFM checkers, etc.
Process the consolidation of the financial figures on Group level including placing the foreign currency rates, changing ownership, initiating the system consolidation, and finally review the consolidated figures.
Initiate the income statement on a monthly basis including revenues, cost, EBITDA, gross profit, G&A, and net profit.
Compute the initial monthly actual versus budget and compare it with one previous year and question the sectors for any noted variances.
Monitor expenditures, analyze revenues and determine budget variances and report it to the management.
Implement any new required accounting principle applied by IFRS and create the model in cooperation with the auditors.
Prepare the consolidated financial statement on quarterly basis including income statements, balance sheet, equity statement, cash flow statement, and notes/disclosure.
Support the Finance Manager in preparing the auditors requirements and liaise the communication between the auditors and TAQA subsidiaries on a quarter basis.
Prepare and review the final reports required by stakeholders including balance sheet and income statement.
Enhance the reporting mechanism periodically.
Support the Finance Manager in any required report and/or any ad-hoc requirement.
Specifications:
Bachelor's degree in accounting, business, economics, or finance.
8-10 years of experience including 1-3 years of experience as a Chief Accountant.
Having extensive experience working as an accountant or auditor.
Preferably a CPA and/or CMA holder.
In-depth understanding of accounting principles.
Deep understanding of how the accounting department operates and how it fits into the organization.
Knowledge of accounting standards of both EAS and IFRS.
Experience in consolidation.
Proficient in MS Office.
An analytical mind with problem-solving aptitude.
Excellent organizational and multitasking abilities.
