Accountant

Role Summary

The role holder is responsible for executing the various activities pertaining to accounts payable, accounts receivable, general ledger and treasury for GMG business units under the guidance of the manager/superiors. The role holder is responsible for executing day today tasks as assigned by the superiors in compliance with the policies and procedures of the GMG group.

Key Success Drivers including Accountabilities and Responsibilities

Core Responsibilities: General Ledger

• Executes all monthly general ledger procedures including journal entry preparation, discrepancy resolution, and account analysis for GMG’s respective business unit:

• Performs General Ledger reconciliation with sub ledgers (all subsidiary accounts and records will be reconciled to the general ledger) monthly and at year-end closing

• Records all adjusting, closing and reversing entries to attain reconciliation in such cases (after the requisite approval)

Accounts Payable

• Executes for all monthly accounts payable procedures, for GMG’s respective business unit, including preparing journal vouchers and batches for entry of payment transactions (payments, debit notes, credit notes, invoices) related to accounts payable into the General Ledger with respect to all the purchases, expenses and goods outwards:

o Entering invoices in system o Invoice discrepancies

o Creating payments (Cheques, Cash etc. as required) or applying prepayments

o Creating debit/credit Notes

o Payment Reconciliation

• Receives invoices and reconciling against purchase order and delivery notes.

• Prepares accounts payable cheques and wire-transfers with payment vouchers for necessary approval

• Periodically makes reconciliations with major suppliers/vendors/contractors and arranges for balance confirmations

Accounts Receivable

• Executes for all monthly accounts receivables procedures, for GMG’s respective business unit, including preparing journal vouchers and batches for entry of receivables transactions (receipts, debit notes, credit notes) into the General Ledger

o Entering information in the system o Payment discrepancies

o Maintaining customer files and related statement of accounts o Following up on collections and liaison with other departments

o Maintenance of receipt reports and periodical follow-up reports as advised by stakeholders

• Validates customer history, aging reports and updates the stakeholders on late receipts

• Maintain the Account Receivable Ledger and process Account Receivable Closing and Reporting

• Cheques management against lease agreement, prepare receipts, bookings and reconciliations.

Treasury

• Performs daily reconciliation between banks accounts (all currencies) as per the bank statement and own records of treasury transactions

• Conducts, periodic, maturity analysis for receipt and payments.

• Maintenance of periodical cashflow as per GMG’s overall objectives and directions, as guided by the seniors Other responsibilities

• Prepares the necessary monthly reports and the requested ad-hoc summaries/reports as may be requested by the seniors, related to –

o Revenue analysis and related control sheets o Customers analysis

o Budget Utilization

• Ensures that all accounting entries are supported with valid documentation

• Preparation of periodical data related to VAT returns and coordinate with GMG taxation department/FTA and provision of related documents.

• Coordinates with auditors as and when required.

Functional/Technical Competencies

• Accuracy and timeliness in general ledger reconciliations.

• MS Excel skills

• Strong compliance with internal financial controls and procedures.

• Efficient coordination across functions for smooth financial operations.

• Time management and multitasking ability

• Interpersonal skills

Educational Qualifications

• Bachelor’s degree in Finance, Accounting or Business Administration

• Master’s degree in Finance, Accounting or Business Administration, is preferred

Experience

• Minimum 4 years of relevant experience across the financial accounting functions

• Candidates with real estate accounting experience will be preferred

• Experience with Microsoft dynamics ERP will be an advantage

• Knowledge of International accounting Standards (e.g. IFRS)

• Knowledge of Accounting systems and software