Chief Accountant

Chief Accountant

Job Responsibilities

1. Banking and Financial Coordination:

• Loan Repayment Coordination: Communicate with the bank regarding loan repayment schedules, ensuring timely payments and correct allocations are done with the advice and approval from management.
• Monitor Bank Account Balances: Ensure that sufficient funds are available in the company's bank accounts and that accounts remain open for business transactions.
• Bank Payment Approval: Review and approve bank payment transactions, including supplier payments, payroll, staff leave and final settlements, and intercompany transfers. Making sure that complete and approved documents are attached to support the settlement.

2. Coordination with External Partners:

• Tio Sea Resort (Retaj): Ensure that all expenses paid by AHIRE (parent company) for Tio Sea Resort are correctly charged to Retaj for payment.
• Al Sultan Café (Wonder Trading): Ensure that all expenses paid by AHIRE are charged to Wonder Trading (Al Sultan Café) for payment. Address any financial matters related to the café.
• Other Responsibilities:

a. Ensuring that all accounting transactions related to the resort and café are recorded.

b. Coordinate and communicate with Moonlight for any transactions related to Tio Sea Resort and AL Sultan Café.

c. Handle any additional assigned tasks related to Tio Sea Resort and Al Sultan Café as required.

3. Accounting Books and Financial Record Maintenance:

• Bank Reconciliations: Reconcile bank statements, customer receivables, supplier payables, and intercompany transactions. Resolve discrepancies between ledgers and statements.
• Journal Entries: Record journal entries and maintain schedules for assets, prepayments, staff leave, air tickets, end-of-service gratuity, advances, etc.
• Ledger and TB Review: Review and ensure the accuracy of the general ledger and trial balance (TB) in line with supporting documents.
• Financial Statements: Prepare and ensure the accuracy of financial statements, including balance sheets, income statements, and cash flow statements, ensuring compliance with local and international accounting standards.

4. Daily Monitoring and Reporting:

• Monitor Share Stock Values: Track and send daily shares of stock values to management (EDAA).
• Reporting: Prepare and present various financial reports to management, including cash flow, budget reports, and other financial insights to assist with decision-making.
• Cash Flow Management: Oversee cash flow to ensure liquidity for operations and identify any cash shortfalls or inefficiencies.
• Reports submission: Send the daily report from Tio Sea Resort to Management.

5. Budgeting and Financial Projections:

• Budget Preparation: Work with management to develop and monitor budgets, ensuring that financial performance aligns with company goals and objectives.
• Financial Projections: Prepare financial projections to guide long-term business decisions.

6. Tax Compliance and Audit Coordination:

• Tax Reporting: Ensure that tax reports are timely and accurate. Ensure that all necessary tax filings and compliance requirements are met.
• Audit Coordination:
• Coordinate with auditors to schedule audits.
• Provide all required documentation and explanations to support the financial statements and transactions presented to auditors.
• Ensure that all financial statements, reports, and supporting documents are ready and compliant with accounting standards.
• Audit Preparedness: Regularly review and improve accounting practices and internal controls to ensure the company is well-prepared for audits and maintains compliance with evolving regulations.

7. Internal Controls and Process Improvement:

• Internal Controls: Develop, implement, and monitor internal controls to ensure the integrity of financial data and safeguard company assets. Identify areas for improvement and implement corrective actions.
• Process Enhancement: Continuously evaluate and enhance accounting processes and systems to improve efficiency, accuracy, and cost-effectiveness. Implement best practices for accounting and reporting.

8. Team Leadership and Support:

• Team Management: Lead, mentor, and manage the accounting team, providing guidance, training, and support to ensure smooth operations.
• Back-Up Support: Provide support and back-up for team members in key tasks, such as:

a. Payroll, leave and end-of-service computations and processing

b. Payment voucher, cheque and bank transfer preparation.

c. Preparation of schedules for payment like Kahramaa, Ooredoo, credit cards, elevator, security and other maintenance fee. Making sure that proper back ups are attached before getting management signature and processing payment.

d. Sales and rental invoicing.

e. Communications with tenants, customers and supplier relating to any inquiries on the invoice and other matters related to accounts.

9. Other Responsibilities:

• Communication with Suppliers/Customers: Liaise with suppliers and customers to resolve financial discrepancies, answer queries, and ensure smooth financial operations.
• Miscellaneous Financial Tasks: Handle any other duties or financial responsibilities needed to ensure the accuracy and completeness of accounting records.

Job Types: Full-time, Permanent

Application Question(s):

• Can you join immediately?