Finance Executive

Job description / Role

· Maintain books of accounts in line with international accounting standards.
· Prepare monthly management accounts and other management reports.
· Prepare and analyse overheads on a monthly basis and report on variances against budget.
· Complete the balance sheet analysis on a monthly basis and prepare balance sheet schedules.
· Coordinate with the divisional accountants to ensure that the intercompany accounts are reconciled and intercompany settlements are done on a monthly basis.
· Supervise / review the work of the Accounts Assistants / Clerks to ensure that it is in line with the accounting guidelines.
· Ensure correct and timely payment of salaries and wages to employees.
· Calculate; prepare wages and salaries, taking into account overtime, medical reimbursements, leave pay, airfare, gratuity and deductions if any.
· Submit salary journals on a monthly basis to the accountants for posting into Tally.
· Produce payroll report and monthly time card report and handover to Project Managers for approval.
· Coordinate with HR and ensure full and final settlement of staff and operatives.
· Prepare regular reports and summaries of payroll activities.
· Ensure that all final settlements are made in accordance with the local labour law.
· Analyze ‘on costs’ and compare with actual and inform the management with a review revising the on costs, if needed.
· Prepare various schedules on payroll accruals and deductions.
· Maintain books of accounts in line with international accounting standards.
· Prepare monthly management accounts and other management reports.
· Prepare and analyse overheads on a monthly basis and report on variances against budget.
· Complete the balance sheet analysis on a monthly basis and prepare balance sheet schedules.
· Coordinate with the divisional accountants to ensure that the intercompany accounts are reconciled and intercompany settlements are done on a monthly basis.
· Supervise / review the work of the Accounts Assistants / Clerks to ensure that it is in line with the accounting guidelines.
· Ensure correct and timely payment of salaries and wages to employees.
· Calculate; prepare wages and salaries, taking into account overtime, medical reimbursements, leave pay, airfare, gratuity and deductions if any.
· Submit salary journals on a monthly basis to the accountants for posting into Tally.
· Produce payroll report and monthly time card report and handover to Project Managers for approval.
· Coordinate with HR and ensure full and final settlement of staff and operatives.
· Prepare regular reports and summaries of payroll activities.
· Ensure that all final settlements are made in accordance with the local labour law.
· Analyse ‘on costs’ and compare with actual and inform the management with a review revising the on costs, if needed.
· Prepare various schedules on payroll accruals and deductions.
· Liaise with external auditors with regard to the Quarterly Audit requirements.
· Handle all payroll related queries.
· Ensure the cash and bank modules are updated on a daily basis.
· Ensure petty cash reimbursements are properly authorized and is in line with the company’s agreed procedures and practices.
· Ensure bank statements are uploaded into TALLY on daily basis and that bank reconciliations are completed on a daily basis.
· Liaise with the banks for issuing bonds, guarantees, cash withdrawals and for establishing L/C.
· Prepare daily and monthly cash report for submission to MD.
· Maintain database of unclaimed wages and reporting the same to HR
· Report contract receipts to the concerned department heads.
· Ensure bank charges are in accordance with the facilities agreed with the bank and notify any irregularities to the management

Requirements

· Competent in the use of the Company's accounting package and Payroll package and will need good spreadsheet skills (excel).
· Good technical accounting skills
· Logical and well organized with ability to prioritise
· Positive response to pressure
· Technically competent.
· Ability to support and motivate
· Ability to work within a team
· Ability to manage a team
· Ability to manage time.
· Good communication skills
· MBA / B.Com/M com Graduate.
· 6 - 8 years of experience, preferably with some construction industry knowledge.

About the Company

1000 Walls Interiors & Decoration is an Interior Design and Fit-out solutions provider which specializes in delivery of high-end luxury spaces and customized interior solutions. Our team carries extensive experience in Hospitality, Retail and Commercial sector with a focus into design, delivery and installation. We offer complete turn-key project management and delivery, relying on our vast network of local and international suppliers as well as our in-house building teams, which specialize in all aspects of project cycle, from design, MEP and structural steel works to joinery, partitions, gypsum works, FF&E delivery & installation, and bespoke finishes. We engage and have executed projects for all sectors of interior design and fit-out field - government and semi-government, retail, commercial, entertainment, food & beverage, hospitality and private residences. We comply with the highest international standards in quality of work, health & safety and environmental protection, and are certified as Grade-A general contractor.

Specialties: Design, Interior Fit-out, Civil Works, MEP Works, Structural Steel and Metal works, Upholstery, Glass Works, Procurement and Project Management.