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Job Description
Reports to:
- Chairman
Purpose:
- Responsible for systematizing and accurately maintaining all Financial Accounting related functions that include but not limited to: Cost Analysis, Inventory Control, Treasury, Budgeting and General Accounting; to promote compliance.
Principal Accountabilities:
Cost Analysis:
- Accurately calculates and analyzes the production cost of each product.
- Charges all fixed costs (Overheads, salaries, …etc) on the product cost.
- Analyzes each production stage to determine the percentage loss of raw materials, semi-finished goods and final products.
Inventory Control:
- Works closely with the Warehousing department to make sure that all items are inspected in terms of quality and technicality.
- Reviews all the supporting documents (especially Taxed invoices) of all items addition orders.
- Makes sure that the actual received quantities and process matches the records and the documents.
- Makes sure that the Classification cards contains all the required information like: opening balance, additions and current balance.
- Calculates the depreciation of all fixed assets and keeps an updated record.
- Performs regular and surprising inventory checks as a means of inventory control.
- Maintains an updated record of the current inventory balance and its actual value.
Treasury:
- Manages cash by controlling cash flow on an ongoing basis
- Reviews cash flow forecasts on weekly basis
- Maximizes the interests earned from surplus funds and minimizes the interests on payment of borrowings.
- Ensures reconciliation with all bank accounts.
- Performs timely financial reports for Management
Budgeting:
- Creates a annual budget.
- Creates a five year forecasted financial plan.
- Reports all payments from the annual budget to the Management
- Updates the annual budgets based on the new costs or requirements that may arise.
General Accounting:
- Keeps an updated record of all fixed assets and its depreciation
- Posts the entries of all cash or bank debit and credit daily transactions after reviewing all supporting documents.
- Creates accounts for all clients, suppliers and accounts payable on the system indicating paid amounts, remaining balances and settles them when paid.
- Reviews all supporting documents of all received payment requests and prepares checks as required.
- Works to fulfill all the outstanding and pending amounts in the client and suppliers accounts in a timely manner.
- Assists in construction projects analysis, review progress reports, bill of quantities, percentage accomplished and proceed with the payment accordingly.
- Reviews Payroll detailed sheet, revise effects on payroll and process the payment (Cash or Bank) after ensuring the deduction of social insurance and tax amounts.
- Post payroll entries on the system on monthly basis.
- Settles loans and advances, post entries on the system and alert HR if deductions are not taking effect on salaries.
- Reviews all Purchase orders’ supporting documents and technical requirements before processing the payment
- Handles Tax inspection requirements on regular basis.
- Cooperates with external audit representatives
- Prepares monthly Tri-Balance on monthly basis
- Prepares annual Financial statements (Balance sheet, Income statement, Cash Flow … etc.)
- Assures proper procedures and documentation cycle that foster compliance.
- Prepares regular financial reports to the Management.
Working Conditions:
- Six Days a week
- Extended Working Hours
Job Requirements
Minimum education requirement:
- Bachelor degree in Accounting
- Post Graduate studies is a plus
Experience:
- Five to Seven years of experience in Accounting
- Experience in Food industries is a plus
Skills:
- Accuracy and attention to details
- Very Good Communication Skills
- Very Good Leadership Skills.
- Very Good Problem Solving Skills
- Good level of English Language.
- Excellent knowledge of all MS. Applications (Word, Excel)
- Previous experience with Accounting software system
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