Senior Accountant in the Public Accounts and Financial Reporting sector / Banking and Liquidity Management sector

Job Objective: A Senior Accountant (Senior Accountant) is responsible for overseeing the accuracy of financial entries and preparing reports that support strategic decision-making within the company. The main tasks and responsibilities include:

Preparation and Review of Financial Reports:

1. Preparing periodic financial statements (balance sheet, income statement, cash flow statement).
2. Preparing monthly and annual closing reports and analytical reports on deviations between results and balances of financial periods.
3. Preparing disclosures and reports required by tax and regulatory authorities and ensuring compliance with accounting standards, laws, and instructions.

Management of Main Operation Entries:

1. Guiding and reviewing journal entries, recording major and complex financial transactions in the general ledger, and posting them to the ledgers.
2. Receiving and conducting account reconciliations, matching supplier and customer accounts, and preparing the trial balance.
3. Fixed asset entries: recording asset purchases, calculating and recording monthly and annual depreciation entries, and asset disposal.
4. Preparing the trial balance: verifying the balance of credit and debit accounts and resolving any accounting discrepancies before closing.

Accrual Basis and Adjustments: To ensure the company’s compliance with accounting standards.

1. Managing and recording accrued expenses and revenues that pertain to the current period but have not yet been invoiced or paid, or whose value has not yet been recorded or collected, such as monthly salaries, electricity or internet bills, and recording completed services or delivered goods.
2. Recording prepaid expenses: allocating and adjusting expense entries to ensure the matching principle of revenues with expenses.
3. Recording deferred revenues: adjusting amounts received in advance from customers as a liability and gradually converting them into revenue upon service delivery.

Documentation of Governance Policies:

1. Implementing internal governance frameworks and ensuring all departments comply with policies and procedures approved by the board of directors.
2. Assisting in risk assessment that the company may face and establishing internal controls to mitigate them.
3. Archiving policies: collecting and storing all policy and procedure evidence in an accessible, secure, and organized manner, and monitoring the retention of all correspondence and official documents exchanged with financial regulatory authorities.
4. Following up on policy updates and ensuring periodic review of internal company policies to update them in collaboration with specialists in line with company growth or administrative changes. Keeping up with new laws and monitoring amendments to government and tax regulations regularly.

Second: Banking and Liquidity Management Sector

Primary Objective of This Role: Managing and directing daily banking transactions, executing supplier payments via bank transfers, handling petty cash operations, reconciling employee advances, and assisting in cash liquidity control and preparing periodic reports for the financial management. This is summarized in the following key tasks and responsibilities:

1. Banking Operations and Transfers for Suppliers

• Managing and executing supplier transfers: preparing and processing payment orders and bank transfers (local and international) for suppliers via the bank’s electronic systems based on approved invoices.
• Scheduling bank payments: organizing the timing of bank transfers for suppliers and other entities in accordance with due dates and available liquidity.
• Bank account reconciliation: preparing periodic bank reconciliation statements (daily/weekly) to match outgoing and incoming transfers with account statements.
• Following up on facilities and credits: monitoring credit lines, letters of guarantee, and documentary credits for suppliers and ensuring timely settlement of banking obligations.

2. Treasury Operational Activities (Petty Cash & Advances)

• Managing and monitoring petty cash: supervising the petty cash fund, reviewing expense documents, and ensuring compliance with the company’s financial policy before replenishing the fund.
• Managing and reconciling advances: recording and following up on temporary and permanent advances granted to employees, reviewing invoices and documents submitted for settlement, and ensuring their accounting closure within specified deadlines and before re-advancing.
• Control and periodic inventory: conducting surprise and periodic physical counts of petty cash and reconciling the physical balance with the book balances in the accounting system.

3. Assistance in Liquidity Management

• Forecasting outgoing cash flows: assisting in preparing expected cash flow reports by tracking upcoming bank transfers to suppliers and upcoming operating expenses.
• Monitoring daily bank balances: tracking bank account movements daily to ensure sufficient liquidity to cover outgoing transfers and avoid any overdrafts.
• Cash position and bank movement report: preparing daily/weekly reports detailing bank balances, executed transfer volumes, and the status of petty cash and pending advances.

4. Routine Tasks

• Recording book entries: immediately recording all petty cash expenses, advance reconciliations, bank transactions, and other financial entries in the ERP system to ensure real-time account updates.
• Document matching: adhering to strict documentation cycles for storing bank transfer notifications, petty cash invoices, and advance settlement forms to facilitate financial audits.

Qualifications and Skills Required for the Senior Accountant Position – Job Requirements

• Education: Bachelor’s degree in Commerce/Accounting or equivalent.
• Experience: Minimum of 5 to 7 years in financial accounting, including at least 2 years in treasury and banking transactions.

Technical Skills:

• Strong knowledge of online banking platforms and services.
• Excellent experience with accounting software and ERP systems (e.g., SAP, Oracle, Dynamics).
• Advanced skills in using MS Excel, particularly in advanced functions.
• Familiarity with documentation cycles and internal control rules.
• Knowledge of administrative documentation mechanisms, policy and procedure drafting, and monitoring regulatory and compliance requirements.

Personal Skills:

• High professional integrity and meticulous attention to detail in handling numbers and financial transactions.
• Organizational and time management skills to meet transfer deadlines and banking obligations.
• Strong communication skills to build good relationships with banks and internal departments.

Additional Details

• Number of Vacancies: 2
• Shift System: Morning only