Bayt.com
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Job Description

Job Summary

  • The Accounting Manager ensures the integrity of accounting, safeguards organizational assets and develops efficient business processes to record revenue, financial reporting process and monthly closing process. Fulfills revenue objectives and adhere to accounting and reporting policies. This includes reviewing and analyzing finances, ensuring compliance with regulations and refining reporting documentation. Responsible for overseeing certain contracts as it relates to financial reporting, leading strategic planning for accounting policies and maintaining internal controls over financial transactions.

Job Responsibilities 1

  • Assure that accounting records are prepared and maintained in accordance with the organization's accounting policies, chart of accounts, and related accounting principles and practices, and that subordinate ledgers reconcile with the general ledger.
  • Review all vouchers (BPV, CPV, JV, RV etc.) prepared by all accountants in each section and signs them to ensure that all transactions are booked to right cost code and cost center.
  • Ensure that all types of vouchers prepared by Accountants are thoroughly reviewed
  • Review all accrued expenses on a monthly basis.
  • Review the depreciation process for the fixed assets to ensure right direction of the depreciation expenses (the right cost drive of the depreciation).
  • Ensure that all accrued expenses on a monthly basis are reviewed as well as the depreciation process for the fixed assets.
  • Prepare the monthly trial balance. Review the monthly bank reconciliation for all current accounts and bank liabilities after preparing the same from the treasury section.
  • Ensure that monthly trial balance is prepared on time. Thorough review on bank reconciliation for all current accounts and bank liabilities after preparation by the Treasury Section.
  • Review all vendor reconciliations which are prepared by the accounts payable sections
  • Ensure that all vendor reconciliations are reviewed.
  • Ensure that all transactions coming from the modules are linked to the right accounts in GL. Ensure that clients know to use the services and provide assistance if necessary. Manage and provide assistance in managing or maintaining accounts of strategic clients.
  • Ensure that all transactions coming from modules are linked to the right accounts in GL.


Skills

Additional Responsibilities 3

Job Knowledge & Skills

Knowledge of accounting principles, financial reporting standards, and regulatory requirements relevant to their industry.

Strong leadership skills are essential for effectively managing a team of accounting professionals, providing guidance, training, and support to ensure accurate and timely financial reporting.

Proficiency in accounting software and ERP systems is necessary for managing financial transactions, generating reports, and maintaining financial records.

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 Accounting Manager to provide strategic insights and recommendations to senior management.

ERP knowledge preferably SAP functional skills are a requirement to be successful in this role.

Job Experience

Minimum 8 year(s) working experience, 5 year(s) relevant working experience, 2 year (s) GCC is a plus

Competencies

Collaboration

Accountability

Resilience

Quality

Leadership

Credit & Collections L3

Control and Monitoring L3

Banking Relationships L3

Profit and Loss Budgets L3

Debt Management L3

Education

Bachelor's Degree in Accounting

Professional Qualification in Certified Public Accountant (CPA)

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Power International Holding logo
Power International Holding
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Power International Holding (PIH) is a diversified business conglomerate, grouped into 5 main sectors: General Contracting, Agro-Food Industries, Real Estate Development, Lifestyle (Hospitality, Entertainment & Catering) and General Services. To ensure the sustainability and success of each businesses within the various sectors, we are committed to providing every entity with the tools and resources together with the central functional support to enable development and growth. We work in specialization, to ensure that each business strives to achieve the organization’s objectives and goals. Grouping is done through focus and trade excellence of organization leaders who proactively work together in multi-disciplinary groups, ensuring that each business thrives and flourishes.

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