Accounting Process Expert
7 days ago
In this role, you will be responsible for overseeing the month end process and general accounting activities at Midas Group Kuwait. Your duties will include account reconciliations, financial analysis, management reporting, and accurate data entry. You will also play a key role in recommending and improving processes and practices to reduce costs and optimize systems.
Main Job Functions- Closing activities on a monthly, quarterly, and yearly basis require strong attention to detail.
- Prepaid and accrued expenses must be properly booked and reconciled.
- Accounts payables and receivables need to be managed in coordination with respective stakeholders.
- Periodic financial statements must be prepared and maintained in accordance with IFRS standards.
- Special reports requested by management or direct manager should be prepared.
- Auditing activities are supported, and various schedules related to periodic audits are prepared.
- Transactions are verified, allocated, posted, and reconciled in accordance with accounting policies and procedures.
- Monthly payroll and employee final settlements are prepared.
- Annual budget and periodic forecasts are prepared in coordination with internal stakeholders.
- Financial analysis and critical reviews are conducted, and results are reported to support management decision-making.
- Inventory levels are monitored, and stock depreciation is managed.
- Transactions are recorded in compliance with VAT regulations, and related records are maintained.
- Bank correspondences and reconciliations are managed accordingly.
- Opportunities for continuous improvement of accounting operations, policies, and procedures are identified, and internal controls are ensured.
- The existing IT platform is optimally utilized, and new systems/processes are implemented.
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