Qureos Mentor

AZ Advisory Services

A Senior Accountant is responsible for managing complex accounting processes, overseeing financial reporting, and ensuring compliance with industry regulations. They typically act as a bridge between junior accountants and management, playing a critical role in financial analysis, audits, and reporting. Below are the key job responsibilities for a Senior Accountant:1. Financial Reporting and Analysis<ul><li>Prepare Financial Statements: Prepare, review, and ensure the accuracy of financial statements, including balance sheets, income statements, and cash flow statements.</li><li>Monthly, Quarterly, and Annual Reports: Oversee the timely preparation and submission of financial reports for management and stakeholders.</li><li>Financial Analysis: Analyze financial data to identify trends, variances, and discrepancies. Provide insights and recommendations to improve financial performance.</li></ul>2. General Ledger Management<ul><li>Maintain General Ledger: Ensure that the general ledger is updated and reconciled with subsidiary ledgers and supporting documentation.</li><li>Journal Entries: Prepare and review complex journal entries, ensuring accurate recording of financial transactions in accordance with GAAP or IFRS.</li><li>Reconciliation: Oversee the reconciliation of key accounts, including bank reconciliations, intercompany transactions, and balance sheet accounts.</li></ul>3. Compliance and Regulatory Reporting<ul><li>Ensure Compliance: Ensure that all financial reporting complies with relevant accounting standards (e.g. IFRS) and company policies.</li><li>Tax Compliance: Assist in preparing and reviewing tax filings, ensuring compliance with local, national, and international tax regulations.</li><li>Audit Preparation: Prepare necessary documentation and act as the primary point of contact for internal and external audits, ensuring timely resolution of audit queries.</li></ul>4. Team Leadership and Mentoring<ul><li>Supervise Junior Accountants: Oversee and review the work of junior accountants, providing guidance and ensuring adherence to accounting policies and procedures.</li><li>Training and Development: Mentor and train team members, helping them develop technical accounting skills and ensuring continuous professional growth.</li><li>Review Work: Review the accuracy of financial reports, reconciliations, and journal entries prepared by junior team members.</li></ul>5. Budgeting and Forecasting<ul><li>Support Budget Preparation: Work with finance and other departments to assist in the preparation of annual budgets and quarterly forecasts.</li><li>Variance Analysis: Analyze budget vs. actual performance and provide explanations for variances. Assist management in adjusting forecasts as needed.</li><li>Cost Management: Identify cost-saving opportunities and provide strategic recommendations for expense management.</li></ul>6. Audit Support<ul><li>Internal and External Audits: Serve as the primary point of contact during audits, providing the necessary financial documentation and information to auditors.</li><li>Audit Coordination: Work closely with the audit team to resolve any discrepancies and implement audit recommendations.</li><li>Internal Controls: Review and improve internal controls, ensuring that they are adequate to prevent errors, fraud, or non-compliance.</li></ul>7. Tax Planning and Strategy<ul><li>Tax Preparation: Assist the tax department in preparing tax returns and ensuring compliance with all tax laws and regulations.</li><li>Tax Strategy: Support in developing and implementing tax strategies to optimize the company&rsquo;s tax position and minimize tax liabilities.</li><li>Review Tax Filings: Ensure accuracy in tax filings and resolve any discrepancies or queries related to tax matters.</li></ul>8. Process Improvement and Automation<ul><li>Enhance Accounting Processes: Identify areas for process improvement and implement more efficient accounting procedures.</li><li>Automation: Collaborate with IT and other teams to implement accounting software solutions and ERP systems that streamline financial reporting and transaction processing.</li><li>Develop Best Practices: Establish and document accounting best practices to ensure consistency across the team.</li></ul>9. Client Management (If applicable)<ul><li>Client Relationships: Serve as a point of contact for key clients, addressing their accounting and financial reporting needs.</li><li>Client Projects: Manage client-specific accounting projects, ensuring compliance with industry standards and client requirements.</li><li>Client Financial Statements: Prepare and review financial statements for clients, ensuring accuracy and compliance with accounting standards.</li></ul>10. Cross-Functional Collaboration<ul><li>Department Coordination: Collaborate with finance, tax, legal, and other departments to ensure alignment on financial reporting, budgeting, and compliance efforts.</li><li>Financial Strategy: Provide accounting insights to support strategic decisions made by senior management and other business units.</li><li>Stakeholder Communication: Communicate key financial information to stakeholders, including management, external auditors, and regulatory authorities.</li></ul>11. Mergers and Acquisitions (If applicable)<ul><li>Due Diligence Support: Assist with financial due diligence in mergers, acquisitions, or divestitures, reviewing financial statements and identifying risks.</li><li>Post-Merger Integration: Oversee the integration of accounting systems and procedures following mergers or acquisitions.</li></ul>12. Compliance with Ethical and Professional Standards<ul><li>Adherence to Ethical Guidelines: Ensure compliance with professional ethical standards, as required by accounting bodies such as AICPA, ICAEW, or others.</li><li>Continuous Professional Development: Keep up to date with changes in accounting standards, tax laws, and industry best practices by participating in relevant training and professional development programs.</li></ul>Job Type: Full-time

Arab and English Accountant

Join AZ Advisory Services and explore 1   exciting career opportunities. They're hiring for various roles with options for remote or on-site work. Apply today and become part of their innovative team.

AZ Advisory Services

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Arab and English Accountant