General Ledger Lead

Job Responsibilities

People:

• Manage day-to-day activities of the Finance GL team, ensure the team functions effectively and efficiently, and review the KPI’s on a regular basis.
• Ensure conflict resolution within the team at external touch points with other functions.
• Track monthly productivity and disposition of reconciliation processed.
• Extract and provide data timely and accurately to management as requested.
• Perform all the inventory & Costing reconciliations, such as: GL balance Vs. Sub-ledger balance ( FAR-Fixed Assets Register ).

Policy & Procedure:

• Work with the Operations Lead in developing policies and Standard Operating Procedures for invoice processing, payment processing and other GL processes.
• Assist the Operations Lead – in developing, implementing, and monitoring a system of checks and balances across the function.
• Ensure proper receipt of original document for preparing the journal entry.
• Ensure accuracy of the supporting documents and ensure all in order and prepare the Journal entry based on instructions on the documents.
• Review the entry in Oracle ERP and initiate approval from SBU/ Entity.
• Post the journal entries in Oracle ERP

Expense tracking and approvals:

• Ensure that proper approvals have been obtained based on approval matrixes as directed by company policy.
• Ensure proper receipt of inputs from the entities regarding the financials and make changes, correction based on approvals.
• Verify that other finance sections such as: AP, AR, Payroll, Inventory, Costing, Tax, etc.… already finalized their period-end closing procedures as per their closing checklists.
• Analysis & aging of the CWIP (Construction Work In-Progress) has been submitted to different project owners to follow-up on the readiness of the asset and capitalization status.
• All "Retirements, Disposals, and Write-off" transactions has been fully recorded & posted in the ERP module

Reporting:

• Extract the Trial Balance and Balance Sheet account for each entity and obtain their approval.
• Verify that all standard & recurring entries have been recorded in this period.
• Verify that the Pre-payment amortization to the respective P&L expense account has been recorded in this period.
• Verify the completion and accuracy of the HQ/Management shared cost allocation to the different departments (if applicable).

Period End Closing:

• Extract and compare the details from Oracle ERP and other systems.
• Prepare the final inter-company reconciliations and forward to group for review and approval.
• Correct errors in Oracle ERP based on information and documents from other departments approved by the respective department heads.
• Oracle ERP closures for period-ends.

Compliance & Governance:

• Ensure updating of control framework and clear instructions for the team.
• Ensure preparation of all audits related schedules and reports within specific time.
• All "Additions" transactions have been fully recorded & posted in the ERP module.
• Verify that all the Revenue & Cost elimination entries has been recorded in this period (elimination entries between legal entities under the same business unit (if applicable).

Qualifications

Academic and professional qualifications:

• Bachelor's degree from the Faculty of Commerce.
• Food or Beverage manufacturing experience
• Part or fully qualified student at a recognized professional Institute such as CFA, ICWA, CMA etc.

Experience:

• From 4-6 years' experience in GL

Location: 6th of October, Al Jizah, Egypt