Lead Accounts Supervisor
5 months ago
Job Overview:
As the Lead Accounts Supervisor at ‘Al Namariq Group’, you will play a crucial role in overseeing our accounting department's operations. You will lead a team of accounting professionals and ensure the accurate and efficient management of our financial records, budgets, and reporting.
Key Responsibilities:
- Team Supervision: Supervise and mentor a team of accounts payable/receivable accounting specialists, setting performance goals and providing guidance for their professional development.
- Financial Record Management: Ensure the accurate and timely recording of financial transactions, including accounts payable and accounts receivable, while maintaining compliance with accounting standards and company policies.
- Banking & Insurance Relations: Be the point of contact for our insurers and bankers. Maintain relationship with our banks, manage trade finance and other credit facilities, which includes but is not limited to preparation, opening of Letter of Credits. Work in collaboration with our bankers to better utilize services offered.
- Budgeting and Forecasting: Assist in the preparation of budgets and financial forecasts, monitoring budget variances and providing insights for improvement.
- Financial Reporting: Prepare and review financial statements, including income statements, balance sheets, and cash flow statements, while generating financial reports for management and external stakeholders.
- Audit Support: Collaborate with auditors during internal and external audits, ensuring all necessary documentation and records are readily available.
- Process Improvement: Identify opportunities for process improvement within the internal control system/ accounting department and implement changes to enhance efficiency and accuracy.
- Compliance: Ensure compliance with tax regulations and financial reporting requirements, staying updated with accounting standards and regulations.
- Vendor and Customer Relations: Manage relationships with vendors and customers both domestic and international related to accounts payable and accounts receivable, resolving billing or payment discrepancies promptly.
- Cash Management: Monitor and manage cash flow to optimize working capital, implementing cash management strategies.
- Software and Technology: Utilize accounting software and technology to streamline financial processes and reporting, staying current with advances in accounting tools.
- Financial Analysis: Conduct financial analysis to identify trends, opportunities, and risks, providing recommendations based on financial data.
- Documentation and Record Keeping: Maintain accurate and organized financial records, including invoices, receipts, and financial reports.
- Training and Development: Provide ongoing training and development opportunities for team members to enhance their skills and knowledge.
- Problem Resolution: Address and resolve accounting-related issues or discrepancies effectively.
- Communication: Communicate financial information and updates to senior management.
- Risk Management: Identify and assess financial risks, developing strategies to mitigate them.
- Ad Hoc Projects: Participate in special projects, financial analysis, and other tasks as assigned by upper management.
Qualifications:
Bachelor's degree in Accounting, Finance, or a related field (Master's degree is a plus).
Proven experience in a supervisory role within an accounting department.
Strong knowledge of accounting principles, regulations, and financial reporting.
Proficiency in accounting software and Microsoft Excel.
Excellent leadership, communication, and problem-solving skills.
Attention to detail and a high degree of accuracy.
Ability to work under pressure and meet deadlines.
How to Apply:
Join our team and contribute to our continued success as a leader in the Building Material Trading industry
**Salary**: AED4,500.00 - AED7,500.00 per month
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