Accounting and Financial Analyst
4 weeks ago
Job Overview:
The Al Reem Group is seeking a skilled Accounting and Financial Analyst to join its team. This role will be responsible for managing payable and receivable processes, general ledger maintenance, and financial reporting.
Key Responsibilities:
- Payable Management:
- Manage the processing of vendor invoices, ensuring timely payments.
- Process all accounting-related entries, including accruals, in the ERP systems by cost/revenue center, location, division, and project.
- Account for retention, deposits, and guarantees related to accounts payable.
- Process supplier payments via 3-way matching (Invoice, PO & GRN) on time with proper due diligence checks and validation
- Receivable Management:
- Manage the processing of client invoices, ensuring timely recording.
- Follow up with the client for payment collection.
- General Ledger and Reporting:
- Maintain and update accounts payable/receivable reports and records.
- Enter all revenue and sales-related entries, including billings, collections, and allocations.
- Record fixed assets, including booking depreciation and maintaining registries.
- Petty cash accounts management and controls.
- Bank reconciliation.
- Manage the Regular/Adhoc management reporting requirements & prepare the monthly financial report on the financial position and analysis including revenue, cost and capital expenditures
- Perform other relevant functions in the finance department/section as assigned.
- Support the commercial and other departments for any financial or operational analysis on adhoc basis or whenever required.
- Work closely with cross-functional teams to synthesize, analyze and gather financial information.
- Contribute to the development and execution of the company's strategic initiatives through detailed financial analysis and focus on long term stated objectives.
- Timely and accurate closing for books of accounts.
- Maintain accurate P&L and Balance sheet accounts.
- Support Group Finance with required data and analysis for the group entities.
- Payroll Management:
- Assist in managing payroll processes and ensure timely salary recording and payments.
- Budgeting and Forecasting:
- Participate in the planning, monitoring, and execution of budgets.
- Provide accurate forecasting to support financial planning activities.
- Tax Management:
- Ensure compliance with tax regulations and prepare necessary tax documentation.
- Submit VAT filing on time.
- Internal Controls:
- Evaluate and enhance internal controls over financial reporting and processes.
- Provide recommendations for process improvements and risk mitigation.
- Audit Management:
- Coordinate and manage audit requests, providing necessary documentation and support.
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