- Ensure that fixed assets are recorded, recognized, re-valued, depreciated, capitalized and disposed of in accordance with International Financial reporting Standards ('IFRS') as an off-Balance Sheet item.
- Maintain Fixed Asset Register
- Make sure that all records are genuine, accurate and have supporting documents before recording in the accounting software.
- Organize and maintain the GL and Organizing and developing the treasury activities of the corporation.
- Coach, supervise and train the new Accountants who will join Finance Department.
- Review financial reports for internal and external vendors
- Ensure that all invoices received are input into the system on a timely basis.
- Ensure all payments are authorized according to policies and procedures.
- Assists with the implementation of Accounts Payables best practices by recommending improvements to the AP section head.
- Use JDE for recording, reconciling and generating reports to the financial controllers and the Finance Manager in addition to assist the AP team in the daily recording process.
- Manages the process of ensuring that Accounts Payable and Accounts Receivable monthly transactions are accurately transferred to the General Ledger and transactions reconciled.
- Leads the review process to ensure that the monthly transactions processed through Accounts Payable and Accounts Receivable are accurately processed to the correct accounts.
- Supervises the analysis of prepaid and accrual accounts and the preparation of adjustments as appropriate.
- Manages the intercompany accounts and prepares journal entries as Appropriate Reviews the withholding tax reports and ensures that the payment is processed on set deadlines.
- Leads the review process of the trial balance, ensuring expenses are properly recorded and adjusted as appropriate.
- Liaises with other departments to ensure the timely processing of transactions and that the General Ledger is closed on set deadlines.
- Ensures all balance sheet accounts are prepared accurately, ensures balance sheet reconciliation ties to balances on the trial balance.
- Supervises the efforts to follow-up on reconciling items identified in each balance sheet accounts and ensures that adjustments are prepared in the following period.
- Participates in the monthly General Ledger close process, and assists the
- Budgeting team with inquiries related to actual transactions processed through the General Ledger.
- Liaises with the treasury department to ensure that all transactions are posted accurately to the General Ledger.
- Adhere to Standards, Policies and Procedures.
- Attends analytical sessions and meetings when required.
- Assist the AP section head and the financial controllers with any needed duty.
- Manages the financial activities of all the capital assets, monitors capital expenditures and applies the appropriate accounting treatment in the reporting system based on GAAP/IFRS and financial policies and procedures. Periodically reviews the work performed by the WIP Accountant, reviews asset acquisition documentation for completeness and compliance and makes timely updates into the system to ensure the proper accounting of all assets.
- Oversees the maintenance of records of all fixed acquisitions, adjustments, changes, transfers and retired assets.
- Supervises the recording of asset disposals, transfers, retirements and/or impairment adjustments into the system as appropriate based on GAAP/IFRS and financial policies and procedures.
- Approves the preparation of periodic depreciation and amortization expense.
- Ensures that capital asset subsidiary ledger balances to the general ledger
- Ensures the preparation of the monthly capital asset continuity schedule to reflect changes in each class of asset as part of the monthly reporting process for management review.
- Directs and supervises the materials cataloguing activities, ensuring standardization and rationalization.
- Controls and enhances the quality of the materials specification and purchasing descriptions retained in the materials master are maintained in accordance with internationals standards.
- Identifies training needs and consolidates the training and development plans for his subordinates and trainees.
- Manages the monthly review process of assets with various departments and ensures capital asset records are accurately maintained.
- Participates in the physical inventory count in cooperation with the Support Services Team to ensure that the financial records agree with the physical count of assets.
- Manages the annual impairment review for intangible assets and investigates the potential obsolescence of fixed assets and presents findings to management for review.
- Recommends process and/or system changes to improve the overall effectiveness of the management of capital assets.
- Efficiency in using JDE to review transactions and generate reports.
Qualifications and Experience
- Bachelor's degree in Finance or Accounting.
- Bachelor's degree in Finance or Accounting or an appropriate professional certificate such as (CPA, ACCA, CA, CMA)
- Minimum of 6-8 years’ experience with recognized firms.
- Working knowledge of JDE-ERP system
- Highly numerate, with developed analytical skills using qualitative and quantitative data.
- Computer skills including proficiency in common word processing, spreadsheet, and presentation programmes.
- In-depth knowledge of financial statements and financial statement analysis, including an ability to analyse cash flow and the impact on the financial statements, budgeting, fixed asset, amortization principles, depreciation, and leasing, Familiarity with bank cash management systems.
- Should be bi-lingual with mastery of written and spoken Arabic and English
