Chief Accountant

4 days ago


Sharjah, United Arab Emirates Pipecare Group Full time

**Position Summary**

The position is responsible for reviewing and monitoring day-to-day accounting activities of the Company and its Subsidiaries up to the issue of financial statements and will be reporting to the Regional Finance Manager.

**Key Responsibilities & Authorities**
- Financial Reporting: Preparing, analyzing, and presenting financial reports to management that summarize the company's financial performance. This includes the preparation of income statements, balance sheets, and cash flow as per IFRS Standerds.
- Cost Accounting: Developing and maintaining the company's cost accounting system to ensure accurate product costing and pricing. This includes analyzing production costs, identifying cost-saving opportunities, and preparing reports on cost.

Budgeting and Forecasting: Developing annual budgets and financial forecasts for the company. This includes coordinating with other departments to obtain inputs and assumptions needed for budgeting and forecasting
- Financial Reporting: Preparing, analyzing, and presenting financial reports to management that summarize the company's financial performance. This includes the preparation of income statements, balance sheets, and cash flow as per IFRS Standerds.
- Cost Accounting: Developing and maintaining the company's cost accounting system to ensure accurate product costing and pricing. This includes analyzing production costs, identifying cost-saving opportunities, and preparing reports on cost.
- Budgeting and Forecasting: Developing annual budgets and financial forecasts for the company. This includes coordinating with other departments to obtain inputs and assumptions needed for budgeting and forecasting.
- Inventory Management: Monitoring inventory levels and ensuring accurate inventory valuation. This includes conducting periodic physical inventory counts, reconciling inventory records, and identifying and resolving discrepancies.
- Compliance: Ensuring compliance with accounting principles, legal regulations, and company policies. This includes staying up-to-date with changes in accounting standards and regulations and making necessary adjustments to the company's accounting process.
- Liaise with external auditors and provide necessary documentation for audit purposes.
- Analyze financial data and provide insights to the Finance Manager and senior manage Reviews
- Reviewing the schedule related to assets additional/deletion
- Reviews all accruals for expenses
- Allocation of tool capitalization costs
- Issue, Monitor and collect transfer pricing invoices for Leasing, Sales of spare parts, Trade mark, Patent and LIN Soft.
- Processes insurance requirements
- Arranging bank guarantees, L/C’s and other to the bank.
- Weekly meeting with the production manager to discuss any financial issues
- Timely preparation of financial statements and completion of audits
- Maintaining / reviewing periodically the financial policies/procedures and internal control system/procedures to make sure that his team considering that, and to raise the results report to the Regional Finance Manager
- Monitor and review accounting and related system reports for accuracy and completeness
- Analytical reviewing for the petty cash expenses and others cost and to raise the report to the Group Finance Manager
- Randomly get physical inventory items verified with books
- Monitoring the local Tax compliance and monthly report should be raised to the Regional Finance Manager
- Provide financial management support to the Finance Manager in areas such as financial analysis, budgeting, forecasting, financial reporting, and compliance.
- Work closely with other departments to ensure accurate financial information is provided in a timely manner.
- Develop and implement cost management strategies to optimize financial performance.
- Assist in risk management activities to mitigate financial risks.

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