Written by Maud on 2010-01-27
Purpose and Objective:
Maintain the Financial Data and Records of the company in a precise and accurate manner in accordance with International Accounting Standards and Procedures and furnish the required information to the company’s management as required.
Key
Responsibilities:
• Oversee departmental business and operating plan.
• Develop and implement appropriate capital management systems.
• Responsible for the preparation of Annual Budgets for the Company and implement a budgetary control system.
• Monitor and provide periodic feedback to all departments on performance against budget.
• Provide finance and accounting support services to all the departments.
• Assist the management in financial analysis, feasibility studies and business planning.
• Review Receivables and Ageing Payables to formulate collection and payment strategies.
• Coordinate with Procurement in the negotiations of payment terms with suppliers/subcontractors to optimize cash flow.
• Prioritize payments to suppliers/subcontractors in coordination with Procurement.
• Ensures accuracy and timely completion of accounting data.
• Reconcile accounts between group companies and within the profit centers of the Company.
• Oversee the postings of all account activities in the Company’s ERP system.
• Responsible for the use and maintenance of banking facilities with respect to the requirements of the jobs (Letter of Guarantee, Letter of Credit…).
• Interact with external/internal auditors to produce the Company’s financial statements and tax returns (where applicable) and attend to audit queries.
• Responsible for the reconciliation of all bank accounts on monthly basis
• Review Journal Vouchers (JV) for monthly closing of accounts.
• Provide quarterly Management Accounts i.e. Profit & Loss , Balance Sheet and Cash Flow statement.
• Responsible for the implementation and maintenance of all insurance policies in the Company and minimize exposure.
• Maintain fixed asset schedule and plan effective inventory control mechanisms.
• Responsible for the training and development of personnel in the Accounts function.
• Respect the Company’s health, safety and environment policy, procedures, regulations and objectives as they relate to area of responsibility and ensure that they are effectively implemented.
• Carry out other similar or related duties as and when required.
Key
Skills:
• Aptitude for figures with good technical accounting skills
• Logical and well organized
• Good communication skills
• Good time management skills
• Positive response to pressure
• Good people management skills
• Potential for growth to a higher position
Education &
Experience:
• Master / Graduate degree in Accounting/Finance from a credited professional institution.
• Qualified accountant with ICWA/CA/CPA/ACCA is desirable
• Solid knowledge of ERP systems and accounting softwares like Quickbooks, Navision, Tally, Peachtree would be an added advantage.
• 8 – 10 years of experience with minimum 3 years in a similar role
• Experience within the construction industry is desirable.
• Preference would be given to Arabic speaking Candidates residing in the UAE on release or NOC.