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Job description / Role
Senior Accountant - Finance - Kuwait
Role Profile:
Undertake all/any responsibilities appropriate to level of experience for activities within Sales, Cash Collection, Credit Collection, General Ledger, Purchasing, Banking, Loan Accounts, Payroll, Inventory and the Cashier's Office, to ensure the integrity and correctness of all financial data/transactions. Undertake financial reporting and interfaces with internal and external auditors to clarify on audit issues. Support work process simplifications and system enhancements initiatives to boost the efficiency of the Account team. Support critical closing procedures to ensure timeliness
Job Responsibilities
Substantiate and authenticate transactions and ensure correct application of company policies and procedures for:
- Cash deposits, sales credit cards, gift vouchers, reconciliation, Control Accounts, Purchase Orders, Suppliers invoice, Credit Notes, cost prices, services/goods received, financial authority/approval, Contracts/Agreements/ Rental Agreements, cheque preparation, cash collections and deposits, commission, interest, establishing Letters of Credit (LC), bank charges, bank Guarantees, loan repayments, foreign suppliers payments, electronic funds transfer, monitoring bank accounts, bank transactions and bank standing instructions, and payroll.
- Ensure that there is sufficient supporting/justifying documentation and correct as per level of authority and with Company Policy.
- Classify and code transactions in accordance with company Chart of Accounts adhere to Company Policy and Procedures and accounting standards.
- Query all/any unclear allocation of costs.
- Support various work process simplification and system enhancement initiatives driven by the Supervisor. Ensure new changes are communicated to all Accountants.
- Support the Supervisor in all issues related to monthly closing. Strictly follows guidelines for Monthly Closing. Adhere to the instructions and time deadlines.
- Make control and exception reports to ensure books of accounts, inventory, fixed and other tangible assets are independently reconciled, and accurately stated for every period; take appropriate corrective action.
- Generate standard an dad hoc reports; review, analyze and comment on reports, to confirm accuracy for monthly and final closing of books of accounts.
Requirements
- Degree / Post graduate qualification in Accounting.
- Good Understanding of oracle financial system or similar Accounting software.
- 4-5 years of experience with Retail Industry.
- Experience in handling high volume of transactions.
- Experience of General Ledger.
About the Company
As a leading international franchise operator, with nearly 90 of the world’s most recognised brands in its portfolio, Alshaya Group brings great shopping, dining, leisure and hospitality experiences to millions of customers across the Middle East & North Africa, Russia, Turkey, Europe and beyond.
Alshaya Group is a dynamic multinational business and family owned enterprise with a consistent record of growth and innovation. For 35 years, Alshaya has been a pioneering force in brand franchising, using its exceptional knowledge and experience to expand at pace.
Our portfolio of well-loved international brands includes Starbucks, H&M, Mothercare, Debenhams, American Eagle Outfitters, P.F. Chang’s, The Cheesecake Factory, The Body Shop, M.A.C, Victoria’s Secret, Boots, Pottery Barn, KidZania and, coming soon, Hampton by Hilton.
From one retail franchise store opened in Kuwait in 1983, Alshaya Group has consistently grown and diversified and today offers customers an unparalleled choice of brands across multiple sectors; Fashion & Footwear, Health & Beauty, Food, Optics, Pharmacy, Home Furnishings, Leisure & Entertainment, and Hotels. A diverse, skilled team of 53,000 people from 120 nationalities support more than 4,000 stores, cafes, restaurants and leisure destinations, a growing online business and a commitment to delivering great customer experiences.