Senior Accountant

Chalhoub Group

Bahrain

Posted
Ref: GP285-1689

Job description / Role

Employment: Full Time

Job Summary

The Senior Accountant plans and directs all accounting activities for the designated business units by assuming the following responsibilities.

Job Responsibilities

• Accounting -Ensure adherence to accounting standards and enforce them during audits of billing, payroll, inventories, payable and receivables
• Oversee the preparation of budgets
• Plan, manage, coordinate and implement the year end closing processing for the assigned accounting records
• Provide technical accounting support and interpretation to the business units

Reconciliations

• Ensure that all suppliers accounts are fully reconciled
• Oversee the verification and reconciliation for invoices, receipts and balances
• Reconcile all accounts and financial records of the business units
• Ensure that Bank reconciliations are verified on a timely basis and adequate to prevent any fraud or inaccuracies
• Is responsible for the preparation of inter-company reconciliations and the resolution of outstanding items

Book keeping

• Ensure maintaining the accounting and financial records of the related business units
• Oversee the preparation and manage annual and multi-year budgets and business plans
• Direct the installation and maintenance of accounting records
• Ensure that monthly management reports highlight variances from budgets and that budgets forecasts are updated periodically

Coordination

• Support in cash management, banking, vendor relationships and implementation of the ERP system
• Liaise with HR on the financial and timely payment arrangements for the monthly payroll
• Coordinate on external audit
• Interact with IT in the implementation of system enhancements and improvements

Cash Management

• Support in cash management, banking, vendor relationships and implementation of the ERP system
• Responsible for accurate accounting and ensure adequate internal control in cash collection and banking
• Assist in ensuring cash & treasury management

Reporting and Analysis

• Oversee the preparation of monthly management report s and accompanying schedules, worksheets and narratives, including Budget vs. Actual variance reports
• Develop, monitor, control, report and analyze budgets and implement any budget tool.
• Prepare budgets, revisions and Tableaux de Bord for the whole activity
• Participate in cost analyses and rate studies
• Provide a comprehensive financial, accounting advice services and various reports and statements to business unit managers
• Prepare variety of studies, reports and related information and interpretation to the management for decision making purposes

Requirements

Your Profile

• 3 - 5 years prior experience, Proficiency in all aspects of corporate accounting

Competencies

• Drive, Entrepreneurship and Adaptability (Intermediate)
• Transactional Accounting and Closing Process (Intermediate)
• Process Management (Intermediate)
• Collaborating for Efficiency (Intermediate)
• Negotiation & Decision-Making (Intermediate)
• Financial Analysis and Benchmarking (Intermediate)
• Developing and Managing Self-Awareness (Foundation)
• Planning, Forecasting & Budgeting (Intermediate)
• Financial Reporting, Compliance & Accounting Information System (Intermediate)
• Business Partnering & Support (Intermediate)
• Communicating Effectively (Foundation)
• Management Reporting, Finance Information System & Variance Analysis (Foundation)
• Internal Control & Risk Management (Intermediate)

About the Company

The Chalhoub Group is the leading partner for luxury across the Middle East since 1955. As an expert in retail, distribution and marketing services based in Dubai, the group has become a major player in the fashion, beauty and gift sectors regionally.

By blending its Middle East expertise and intimate knowledge of luxury, Chalhoub Group is building brands in the region, by offering service excellence to all its partners and a unique experience to its customers through its passionate teams.

With a growing workforce of more than 9,000 people, implemented in 14 countries, as well as the operating of over 470 retail outlets, the group's success is attributed to its most valued asset of highly skilled and dedicated teams. Professionalism and passion are what fuel the Chalhoub Group's competitive edge in today's market.

By being committed to implementing sustainable practices into their business, the Chalhoub Group has been awarded in 2013 the CSR Label from the Dubai Chamber of Commerce.

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Senior Accountant salaries in Bahrain

Average monthly compensation
BHD 650

Breakdown available for industries, cities and years of experience