Accountant

Company name: Proteinea
Job location: Hybrid - Cairo, Mokattam
Company Description:
Proteinea, a pioneering biotech firm in the Middle-East and North African region, harnesses the power of AI and computational biology to revolutionize protein discovery and design. Proteinea stands at the intersection of technology and biology, harnessing advanced computational techniques and innovative biotechnological practices to lead the evolution of biologics and set new standards for healthcare.
Our flagship innovation, the Ankh model, stands out as a globally exceptional protein language model, setting new benchmarks in both efficiency and performance. This powerful tool fuels our protein engineering efforts, paving the way for next-generation therapeutics. Proteinea is backed by renowned investors like Logos Capital, SOSV, Shorooq Partners, and Sawari Ventures, who share our vision for transforming healthcare through advanced biotechnology.
Position Description:
Responsibilities include but are not limited to performing general ledger management, financial reporting, overseeing accounts payable and receivable, and various other assignments related to office operations. The Accountant position requires attention to detail, analytical skills, and commitment to accuracy that contribute to the overall financial health of the company.
Responsibilities:

• Accounting:
  • Prepare accurate and timely monthly, quarterly, and annual financial statements in accordance with generally accepted accounting principles.
  • Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
  • Compare financial information with the budget to determine deviation and find Methods of Treatment.
  • Oversee day-to-day activities related to the general ledger.
  • Responsible for data entry of company expenses.
  • Reconcile accounts and resolve discrepancies promptly.
  • Process invoices for payments, employee reimbursements and maintain records of cash on hand.
  • Cash management: Money transfer across company branches
  • Identify opportunities for cost savings and efficiency improvements.
  • Collaborate with stakeholders to pull information required for financial reports and responsible for sending such reports to external stakeholders or investors.
• Banking:
  • Assist in opening new bank accounts for the company or virtual financial services.
  • Maintaining the company's bank accounts and resolving unexpected issues with account managers.
  • Assist employees with opening new accounts, accessing current accounts, or issues related to direct deposits.
• Taxes and Legal: Pending until finalize the setup of accounting system and hanover the procurement
  • Oversee tax filing schedules across all offices and assist in tax return preparation with stakeholders (ex: CPA), ensuring compliance with tax regulations.
  • Provide assistance with internal and external audits.
  • Provide financial reports and information necessary for compliance with regulatory requirements and internal policies.
  • Manage legal incorporation activities, including fee payments and document filings.
  • Maintain company legal documents to ensure they are updated regularly and organized.
  • Work with the company legal team for any inquiries or needed to build and maintain the company legal data room.
• Employee Loans:
  • Maintain records related to employee loan company policy.
  • Responsible for seeking approval for loans over the amount stated in company policy and transferring approved funds to employees.
  • Monitor loan payments to ensure all payments are up to date.
• Procurement and Inventory Management:
  • Prepare reports about material assets, net worth, liabilities, surplus, income, and expenditures.
  • Issue purchase orders to vendors and suppliers and manage timely delivery of goods and services.
  • Manage timely delivery of goods including freight-in handling, oversee supply chain process between the US, UAE, and Cairo and make transportation arrangements as necessary.
  • Scout distributors and provide information related to local and international vendors for various goods and services (e.g.lab equipment, chemicals, reagents, IT systems, etc.).
  • Manage and maintain positive relationships with key vendors.
  • Tracking the PO status throughout the fulfillment process, including shipment, delivery, and invoice reconciliation, communicating any discrepancies or issues related to the PO with the relevant vendor or stake holder from the lab team through the laboratory information management system.
  • Implement and maintain efficient inventory control systems (e.g. Quartzy, QR-code-labeling, maintaining the LIMS).
  • Minimize stockouts and optimize inventory levels to reduce holding costs and needed storage spaces.
• Additional Duties as Assigned

Required Competencies:

• Technical expertise in accounting and finance
• Communication
• Detail orientation
• Analytical thinking
• Time management

Minimum Qualifications:

• Bachelor's degree in accounting, finance, or closely related field
• 5 years experience in an accounting role

• Language proficiency in Arabic and English

Preferred Qualifications:

• Knowledge of national laws and regulations related to corporate accounting and taxes
• Ability to learn new technical systems and software quickly