Accounting Manager

Description

Summary: The Accounting Manager oversees and manages the company's accounting operations, financial records, reporting, and general ledger activities, ensuring accuracy, completeness, and compliance. Highlights: 1. Manage and oversee daily accounting operations and financial reporting. 2. Ensure accuracy and timely recording of financial transactions. 3. Establish and maintain effective internal accounting controls. The Accounting Manager is responsible for overseeing and managing the company's accounting operations, financial records, reporting, reconciliations, accounts payable, accounts receivable, and general ledger activities. The role ensures the accuracy, completeness, and timely recording of all financial transactions in accordance with company policies, applicable accounting standards, and regulatory requirements. The Accounting Manager is also responsible for maintaining strong financial controls, supporting management with accurate financial information, and supervising the accounting function. Key Responsibilities * Manage and oversee the daily operations of the Accounting Department. * Ensure all financial transactions are accurately and timely recorded in the accounting system. * Maintain and review the general ledger and ensure the accuracy of accounting entries. * Manage accounts payable and ensure supplier invoices and payments are properly reviewed, approved, and recorded. * Manage accounts receivable and monitor customer invoices, outstanding balances, and collections. * Review payment requests, invoices, quotations, purchase\-related documents, and supporting documentation before processing. * Ensure no payment is processed without the required approvals and supporting documents in accordance with company procedures. * Perform and review bank reconciliations and investigate any discrepancies. * Monitor company bank accounts, cash movements, petty cash, and financial transactions. * Manage monthly, quarterly, and annual accounting closing procedures. * Prepare accurate monthly, quarterly, and annual financial reports for management. * Prepare profit and loss statements, balance sheets, cash flow reports, and other financial statements. * Monitor company expenses and ensure costs are correctly allocated to the relevant departments, projects, branches, or cost centers. * Maintain accurate accounting records for different projects, locations, and business activities. * Monitor budgets and compare actual expenses and revenues against approved budgets. * Prepare financial variance analyses and provide explanations for significant differences. * Coordinate payroll accounting and verify salary\-related financial entries, deductions, allowances, commissions, and other employee payments. * Review staff advances, petty cash requests, reimbursements, and expense claims. * Monitor and reconcile employee and administrative financial advances and ensure timely settlement. * Maintain fixed asset records and monitor asset additions, disposals, depreciation, and transfers. * Ensure proper filing and organization of invoices, receipts, payment vouchers, bank documents, and accounting records. * Establish and maintain effective internal accounting controls to protect company assets and financial information. * Identify accounting discrepancies, financial risks, and control weaknesses and report them to management. * Support the preparation of annual budgets and financial forecasts. * Coordinate with external auditors and provide required financial records, reports, and supporting documents. * Liaise with banks, suppliers, customers, auditors, and other external parties regarding accounting and financial matters when required. * Ensure compliance with applicable accounting standards, tax requirements, and financial regulations. * Support VAT, tax, or other regulatory reporting requirements where applicable. * Review accounting procedures and recommend improvements to increase efficiency and accuracy. * Supervise, guide, and evaluate accounting staff. * Assign duties and responsibilities to accounting team members and monitor their performance. * Ensure confidentiality and security of all company financial and accounting information. * Prepare weekly and monthly accounting reports and updates for senior management. * Perform any other accounting or finance\-related duties assigned by senior management. Qualifications and Experience * Bachelor's degree in Accounting, Finance, or a related field. * Minimum of 5 years of relevant accounting experience, preferably with managerial or supervisory responsibilities. * Strong knowledge of accounting principles, financial reporting, and general ledger management. * Experience in accounts payable, accounts receivable, reconciliations, and financial closing. * Experience in preparing financial statements and management reports. * Knowledge of accounting systems and ERP software. * Professional accounting qualifications such as ACCA, CMA, CPA, or equivalent are an advantage. Skills and Competencies * Strong accounting and financial management skills. * Excellent analytical and problem\-solving abilities. * Strong attention to detail and accuracy. * Strong leadership and team management skills. * Excellent organizational and time management abilities. * Ability to work under pressure and meet financial reporting deadlines. * Strong communication and interpersonal skills. * High level of confidentiality and professional integrity. * Strong knowledge of Microsoft Excel and Microsoft Office. * Proficiency in accounting and ERP systems. * Ability to analyze financial data and prepare clear management reports. * Excellent command of English; Arabic is an advantage. Key Performance Indicators (KPIs) * Accuracy of accounting records and financial transactions. * Timely completion of monthly and annual financial closing. * Accuracy and timely submission of financial reports. * Bank reconciliation completion and accuracy. * Accounts payable processing efficiency. * Accounts receivable and collection performance. * Reduction of overdue receivables. * Accuracy of supplier and customer account reconciliations. * Budget versus actual monitoring and variance reporting. * Timely settlement of staff advances and petty cash. * Compliance with internal financial controls and approval procedures. * Audit findings and resolution of accounting discrepancies. * Accuracy of payroll\-related accounting entries. * Timely filing and availability of financial supporting documents. Authority and Responsibility The Accounting Manager is responsible for managing the company's day\-to\-day accounting operations and ensuring the accuracy and integrity of financial records. The Accounting Manager is authorized to review financial transactions, invoices, payment requests, reconciliations, and accounting records and to return or reject incomplete financial documentation for correction. All payments, major financial commitments, and transactions requiring management authorization must be submitted for the appropriate approval in accordance with the company's approval procedures. The Accounting Manager must maintain strict confidentiality regarding all financial, banking, payroll, employee, and company\-related information. Work Location: In person