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Accounting Manager

Azadea Group

Bahrain

Ref: KP561-984

Job description / Role

The Accounting Manager is responsible for leading and managing the Accounting Department , defining , developing and implementing plans , policies and procedures that meet the needs of the business .

Key Accountabilities
• Develop policies and procedures, manage development projects as required and sign off changes proposed by subordinates/others, in order to support the ongoing development of accounting provision and standards
• Oversee the preparation of monthly financial reports in order to ensure compliance with integrated forms provided by the regional office; review, analyze and discuss them with the Country Manager before submission to the regional office
• Ensure proper funds are available to run the operation, including proper cash flow management (on daily basis) and forecast to be able to identify ahead of time the financial needs by amount and by type (Over Drafts, CIL, Term Loans, LGs, SBLCs, FOREX)
• Monitor hedging activities in order to ensure compliance with Group Treasurer recommendations at all times
• Update and maintain currency needs by monitoring the Purchase Orders placed by the Brand/Shop Managers and cover outstanding currency exposure, if any
• Manage payments/transfers to the suppliers in order to ensure they are executed on time (according to the franchise agreement or any other agreed upon terms), and notify the suppliers accordingly by sending swift copies of transfers
• Develop financial reports, review and coordinate contributions of the team, encourage implementation of recommendations and manage to deliver results to quality, time and budget objectives
• Prepare the annual budget and business plan of the department
• Assist external auditors and tax investigators through the provision of required/ relevant data and/or Azadea financial policy explanation in order to ensure compliance with the tax regulations and laws affecting the business; consult with tax Advisors, preferably the assigned auditor, in order to be up to date with newly published laws
• Recruit , train , motivate and evaluate his / her team to ensure that the department has the necessary skill base and that staff are optimally motivated and enabled to maximize their potential and contribution to the company

Requirements

• 6-8 years of experience in a similar field
• Proficiency in MS Office
• Fluency in English
• Bachelor’s Degree in Business Administration with emphasis on Accounting or Finance; MBA or CPA is a plus

Competencies
• Analytical Thinking
• Communication Skills
• Decision Making
• Developing and Motivating Others
• Commercial Understanding
• Planning and Organizing
• Strategic Thinking

About the Company

Azadea Group is a premier fashion and lifestyle retail company that owns and operates more than 50 leading international franchise concepts across the Middle East, North Africa, Asia and Europe. Since its inception in 1978, the Group has grown a substantial chain of stores representing leading international brand names in fashion and accessories, food and beverage, home furnishing, sporting goods and multimedia.With over 11,000 employees, the company boasts a solid infrastructure overseeing more than 600 stores spread across 15 countries including Algeria, Bahrain, Cyprus, Egypt, Ghana, Iraq, Jordan, Kazakhstan, Kingdom of Saudi Arabia, Kuwait, Lebanon, Oman, Pakistan, Qatar and United Arab Emirates.

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