JOB TITLE: - Chief Accountant -
REPORTS TO: - Finance Manager

Job Purpose:

To manage and oversee the day-to-day accounting operations, ensuring accurate financial reporting, compliance with accounting standards, and robust internal controls. The Chief Accountant plays a critical role in maintaining the integrity of the company’s financial records, supporting decision-making, and ensuring timely month-end and year-end closings

Key Tasks:

Reporting and Control:

1.    Oversee and control the work of the A/P and G/L Supervisors
2.    To ensure the preparation of statutory accounts
3.    To ensure that books of accounts are maintained in accordance with the General Accepted Accounting Principles, IAS /IFRS and internal policies and procedures
4.    To ensure control of the procedures regarding the inventory, purchases, expenses, sales and revenue, CAPEX, cash and bank functions
5.    To ensure proper tagging, tracking, and inventory management of assets
6.    To maintain general ledger details, accruals & fixed assets register:

• Review and approve all JV prepared by the general ledger clerk and Treasury clerk / Supervisor.
• Review all debit / credit notes prepared by the General Ledger Clerk.
• Prepayments (Rent, maintenance insurance….etc)
• Accrued expenses and provision preparation and follow-up.
• Month end JV such as Bonus provision, Income Tax, Social Security, Geant franchise fees…etc.
• Leave Salary, gratuity and leave passage JV.
• Follow up and analyze Inter-Company recharges JV preparation and follow-up.
• Inter-Company staff transfers
• Staff deduction list preparation.
• Staff related expenses like medical…. etc.
• Review monthly bank reconciliation, month end accounts schedules, suppliers’ reconciliation, fixed assets (Acquisition, transfer in and out, disposal), month end financial reports and Cash in CCO Safe need to be matched with float limit.
• Monthly ticked off report printing and control Etc.

7.    Review the daily cash flow forecasting process with the objective of streamlining and improving the forecasting accuracy & lower net cost of funding
8.    To perform regular suppliers’ reconciliation statements for non-inventory and fixed assets suppliers
9.    Identify the actual Vs budget variances for Staff Cost and Expenses
10.    To attend and supervise the physical stock takes as and when held     
11.    To co-ordinate with Personnel Dept. for payroll, staff benefits accruals and payments related to staff costs
12.    Check all petty cash claim forms, advances like Salaries, HRA…. etc.
13.    Running month-end accounts centralization, department head allocation…. etc.
14.    Ensure P & L and Balance Sheet should be checked thoroughly, and necessary actions need to be taken with communication to Finance Manager
15.    Assist Auditors when an audit is being done
16.    Ensure accurate and timely payment of our suppliers
17.    Manage Performance Appraisal for Accounting team
18.    Assist the Finance Manager on forecasts and budgets preparation
19.    Prepare any additional financial activities as directed by the Finance Manager

Management:

1.    To prepare the monthly management report (Hypermarket Report, annexure and financial result) in an accurate and timely manner
2.    Any additional financial activities as directed by the Finance Manager
3.    To prepare the monthly operating management reports (revenue and staff Cost) and help the managers with their monthly analysis of their revenue and staff cost

Human Resources:

1.    Lead, coach, and develop a team of junior local accountants and finance staff
2.    Promote a culture of accountability, accuracy, and continuous improvement within the accounting function    

Job Complexity:

1.    Must ensure financial accuracy and reliability
2.    Must be able to ensure the effective and efficient operation of the systems
3.    Should be able to meet the reporting deadlines
4.    Must be highly analytical with proven teamwork and leadership abilities
5.    Ability to work cooperatively and collaboratively with all levels of employees

Skills and Education:

• Bachelor’s degree in accounting, (a professional qualification such as CA, CPA, CMA, is advantageous)
• Experience in using ERP (SAP Business One)
• Advanced Microsoft Excel skills
• Excellent verbal and written Arabic / English communication skills
• 2-3 years of relevant job experience