1. Responsibilities & Duties
➢ Allocate and control funds allotted under the approved annual budget
➢ Provide necessary approvals and authorizations
➢ Delegate work as necessary
➢ Watch the compilation, sorting and filing of accounting documents
➢ Train and assist the accounting personnel in all matters relating to the accounting activities
➢ Report any issues and discrepancies to Finance and Group Director – QAC (Operations)
1.1. General Accounting
➢ Direct the deployment accounting policies and administer approved financial and cost accounting procedures
➢ Oversee and direct financing, audit, and accounting activities
➢ Issue reports which summarize and forecast business activities and financial position in the areas of income, expenses, and earnings based on past, present, and expected operations
➢ Supervise the maintenance accounts and prepare financial statements
➢ Prescribe adequate systems of internal control to ensure proper stewardship of assets and to ensure accuracy and adequacy of accounting records and documentation, including appropriate procedures, manuals, and standard practice instructions
➢ Review and approve the validation of accounting transactions and their account distribution and post the accounting entries to the general ledger system in light with the company’s policies and procedures and in accordance with generally accepted accounting principles (GAAP)
➢ Assess and recommend the sources of cash funds required for operations based on the approved cash flow budgets
➢ Liaise with bankers, suppliers, and other third parties related to all financial matters
➢ Arrange for the audit of the company’s accounts (internal) and provide the required reports and information to the auditors
➢ Supervise the month and year end closing of books to supply timely information to the management
1.2. Budgeting and Analysis
➢ Oversee and direct the budgeting process
➢ Co-ordinate with departmental managers in the preparation of periodic budgets
➢ Direct the compilation of data based on statistical studies and analysis of past and current year to prepare budgets and justify funds requested
1.3. Risk Management
➢ Recommend for adjustments on existing policies and procedures regarding safeguarding of assets
➢ Plan for and supervise insurance procedures and activities
Qualification Requirements Education and / or Experience
➢ master’s degree in accounting / Certified Public Accountant (CPA) or Chartered Accountant (CA) with 4-10 years’ experience including 3-4 years similar position or bachelor’s degree in accounting with 7-15 years of experience including 5 years same position
➢ Excellent knowledge of accounting regulations & International Financial Reporting Standards (IFRS)
Language Skills
➢ Ability to read and write English and Arabic
➢ Ability to interpret documents such as operating and accounting instructions, procedure , and safety rules
➢ Ability to read, and interpret general business periodicals, technical procedures, and / or governmental regulations
Personal Ability
➢ Ability to apply common sense understanding to carry out detailed written or oral instructions
➢ Ability to deal with problems involving concrete and abstract variables in standardized situation
➢ Ability to learn and get trained on new techniques and principles
Accounting
ALESAYI HOLDING was established in 1945 by the late entrepreneurial founder Omar Kassem Alesayi, who started with a textile shop to build an empire of more than 65 subsidiaries worldwide. Alesayi's founder believed in the importance of individuals and their role in the community. His sons inherited this vision and made this entity one of the best national economic groups in the Kingdom. Alesayi is also a leader in the global markets in different sectors and investments. Alesayi Holding Group is committed to its employees' growth by offering them many opportunities for career advancement within a culture that rewards quality performance and supports their path to success. Alesayi Group always cares about the welfare of society through philanthropy and community services around the Kingdom.
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