Responsibilities:
1- Financial Reporting:
- Prepare and analyze financial statements, including balance sheets, income statements, and cash flow statements
- Ensure timely and accurate financial reporting, adhering to relevant accounting standards and regulations
2- Budgeting and Forecasting:
- Collaborate with management to develop annual budgets and financial forecasts
- Monitor budget performance and provide variance analysis to identify areas of concern or improvement
3- General Ledger Management:
- Oversee the maintenance of the general ledger and ensure the accuracy of all financial transactions
- Review journal entries and account reconciliations to guarantee the integrity of financial data
4- Accounts Payable and Receivable:
- Supervise accounts payable and accounts receivable processes, ensuring timely and accurate processing of invoices and payments
- Monitor outstanding receivables and coordinate collections efforts as necessary
5- Cost Accounting:
- Implement and maintain a cost accounting system to accurately track manufacturing costs and product profitability
- Analyze cost data to identify cost-saving opportunities and improve operational efficiency
6- Internal Controls and Compliance:
- Establish and enforce internal controls to safeguard company assets and prevent fraudulent activities
- Ensure compliance with relevant accounting principles, tax regulations, and financial reporting standards
7- Financial Analysis and Decision Support:
- Provide financial analysis and insights to support strategic decision-making by management
- Assess the financial impact of potential investments, projects, or operational changes
8- Team Management:
- Supervise and lead the accounting team, providing guidance and support to foster their professional development
- Conduct performance evaluations and ensure the team's productivity and effectiveness
9- Audit Coordination:
- Collaborate with external auditors during the annual audit process and respond to audit inquiries
- Implement recommendations from auditors to enhance financial controls and reporting
- Check banks’ reconciliations on periodically
- Audit VAT calculations on monthly prior to payments and reporting
10- ERP Systems and Process Improvement:
- Utilize and optimize the company's Enterprise Resource Planning (ERP) system for efficient financial operations
- Identify process improvement opportunities to streamline accounting workflows and enhance accuracy
Skills
Preferred qualifications;
- 15+ years of accounting experience in a reputable organization
- BS degree in Accounting and Finance or equivalent, Master degree is a plus
- Ability to generate and analyze complex accounting work and financial analysis
- MSOffice (Excel, Word…) and other accounting software
- Ability to clearly communicate information both verbal and in writing
- Ability to work under pressure, to meet deadline, and to be detail-oriented