Accounting Manager

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