Job description
Job Summary:
The Accounting Manager is responsible for ensuring the accuracy and integrity of the company’s financial records, safeguarding organizational assets, and optimizing accounting processes. This role oversees revenue recognition, monthly closings, financial reporting, and compliance with accounting standards and internal policies. The Accounting Manager also plays a key role in strategic planning, internal controls, and contract-related financial oversight.
Key Responsibilities:
Financial Reporting & Compliance
- Ensure accounting records are maintained in accordance with company policies, the chart of accounts, and applicable accounting standards.
- Oversee the preparation of the monthly trial balance and ensure timely and accurate financial reporting.
- Review and approve all types of vouchers (BPV, CPV, JV, RV) to ensure correct cost coding and cost center allocation.
- Review monthly accrued expenses and depreciation processes to ensure proper cost allocation.
Reconciliation & Controls
- Review and validate monthly bank reconciliations for all current accounts and liabilities prepared by the Treasury section.
- Review vendor reconciliations prepared by the Accounts Payable team.
- Ensure all transactions from ERP modules are correctly linked to the General Ledger (GL).
- Maintain internal controls over financial transactions and reporting processes.
Team Leadership & Oversight
- Supervise and guide the accounting team to ensure accurate and timely processing of financial transactions.
- Provide training, support, and performance feedback to accounting staff.
- Ensure compliance with internal policies and external regulatory requirements.
Strategic & Contractual Support
- Support financial aspects of contract management, including revenue recognition and reporting.
- Collaborate with other departments to ensure financial alignment with business goals.
- Assist in budgeting, forecasting, and financial analysis to support strategic decision-making.
Job Knowledge & Skills:
- In-depth knowledge of accounting principles, financial reporting standards, and regulatory compliance.
- Strong leadership and team management skills.
- Proficiency in accounting software and ERP systems, preferably SAP functional skills.
- Excellent analytical and problem-solving abilities.
- Experience in financial statement preparation, budgeting, and forecasting.
Experience Requirements:
- Minimum 8 years of total working experience.
- At least 5 years in a relevant accounting or finance role.
- 2 years of experience in the GCC region is preferred.
Education & Certifications:
- Bachelor’s Degree in Accounting, Finance, or a related field.
- Professional qualification such as Certified Public Accountant (CPA) is required or preferred.
Core Competencies:
- Collaboration
- Accountability
- Resilience
- Quality Orientation
- Leadership
- Credit & Collections (Level 3)
- Control and Monitoring (Level 3)
- Banking Relationships (Level 3)
- Profit and Loss Budgets (Level 3)
- Debt Management (Level 3)
Skills
Desired Skills for Accounting Manager
Technical & Financial Expertise
- Strong knowledge of accounting principles, financial reporting standards, and regulatory compliance.
- Proficiency in preparing financial statements, trial balances, bank reconciliations, and vendor reconciliations.
- Experience in budgeting, forecasting, and variance analysis.
- Understanding of depreciation methods, cost allocation, and accrual accounting.
ERP & Software Proficiency
- Advanced proficiency in accounting software and ERP systems, preferably SAP functional skills.
- Ability to manage financial transactions and reporting through integrated systems.
Leadership & Team Management
- Strong leadership skills to manage and mentor accounting staff.
- Ability to delegate tasks, monitor performance, and ensure timely deliverables.
- Experience in developing and implementing efficient accounting processes.
Analytical & Problem-Solving Skills
- Excellent analytical skills to interpret financial data and identify trends or anomalies.
- Ability to troubleshoot accounting discrepancies and recommend corrective actions.
Compliance & Internal Controls
- Knowledge of internal control frameworks and ability to implement safeguards over financial transactions.
- Experience in ensuring compliance with company policies and external audit requirements.
Communication & Collaboration
- Strong verbal and written communication skills for reporting to senior management and collaborating with other departments.
- Ability to explain complex financial concepts to non-financial stakeholders.
Strategic Thinking
- Capability to align accounting practices with organizational goals.
- Experience in supporting strategic planning through financial insights and reporting.