Executive - Financial Operations
7 days ago
We are seeking an Executive - Financial Operations to join our team at Al Abdulghani Motors Co.
Key Responsibilities:- Financial Operations
- Manage various financial operations including invoice review and posting, payables ageing analysis, and reconciliation with supplier statements of account
- Expense Analysis
- Analyze trends and ratios in expenses to support payables management in approving expense reports and MIS
- Provision Management
- Post provisions for expenses and related general ledger accounts
- Vendor Payments
- Coordinate batch payments to vendors, reviewing and reconciling supplier accounts, and providing payment lists to procurement and user departments
- Payment Administration
- Ensure accurate payment details are recorded in a shared Excel file for reviewer approval
- Advance Payments
- Arrange advance payments to suppliers, tracking pending amounts and following up with procurement and user departments for clearance
- Journal Entry Processing
- Review and process journal entries for prepaid expenses, insurance, clearing accounts, and lease rent payments, running amortization in relevant general ledgers and preparing reconciliation schedules
- Tax Compliance
- Identify and settle withholding tax liabilities on time
- Business Travel Claims
- Process business travel claims, ensuring compliance with company policies
- Petty Cash Management
- Verify and process petty cash claims for payment by the main cashier after approval
- Main Cashier Petty Cash
- Verify main cashier petty cash claims and issue cheques according to policy guidelines
- Budget Support
- Collaborate with business units to prepare draft budgets for assigned accounts, considering financial principles and past performance data, and monitor expenditure against budgets
Required Skills
- Effective communication skills
- SAP experience advantageous
- Expertise in bookkeeping and financial reporting
- Ability in financial analysis and reconciliation
- Proficiency in Microsoft Excel
- Teamwork orientation
- Certifications like CA, CPA, or ACCA
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