Assistant - Accountant

Oman Air

Thailand

Ref: HP122-326

Job description / Role

Employment: Full Time

Assistant - Accountant - Bangkok

Area of responsibility

Accounts Receivable

• Ensure timely receipt of sales proceeds in Oman Air bank account from BSP India, Passenger GSA and Cargo GSSA as per the agreement - schedule date.
• Inform management in case of any discrepancy.
• Verify statement of account submitted by GSA and ensure that all expenses claimed have the necessary authority - approval.

Accounts Payable

• Verify and timely process of all vendor invoices including direct operating expenses as per the agreed rates, terms and Company policy.
• Ensure that applicable Taxes are deducted from the payment as per the governing laws and paid to Government treasury within the deadlines set by such authority.
• Monitor advance payments to vendors specifically to fuel supply for all India locations and settlement. Communicate to CRS companies (Non-resident) with respect to TDS on India region billing.

General Ledger

• Reconciliation of major Ledger accounts pertaining to the station (Tax, accruals, Receivables etc).
• Review of accruals and pass necessary entries for adjustments.
• Review and pass necessary rectification entries to ensure data correctness based on the reconciliation.
• Forward reconciliation of open items to HO with proper explanation on monthly basis in respect of station.

Bank Reconciliation

• Carry out the reconciliation of bank entries with statement, follow-up with bank for any discrepancies and ensure timely resolutions.
• Complete the reconciliation before the month end closing activities and ensure that No open entries or minimum.
Processing of all India Payroll
• Update the salary master as and when there are changes in the staff salary structure.
• Calculate and summarize the overtime payment as per the details received from all India stations.
• Receive tax saving declaration - proof and verify the same and update in the system for correct tax calculation. Reconcile the all India payroll with the master received from CM-I office.
• Arrange for transfer of salary through bank.
• Generate the following reports for all India stations – Pay slip, payroll, summary, Profession tax statement, Provident fund statement, Income Tax statement, Net salary statement, Income tax calculation for individual staff and reports as per wages act.

Compliance with the requirements of Income Tax Act with respect to TDS.

• TDS on CRS Companies (Non-resident) – communicate directly to all the four companies every month for the details of billing for India region and process the withholding tax payment to Income Tax department. Issue debit notes to CRS Companies and recover the TDS amount through ICH settlement. File a quarterly return with Income Tax department and issue Form 16 certificate.
• TDS on Agents Commission and Incentives – Compile the details for all India stations and summarize for processing the TDS payment to Income Tax department. File quarterly return with Income Tax department and issue Form 16 certificate.
• TDS payment on Vendors payment – Check that as per the statutory requirement TDS is deducted on the applicable section and deposited in Govt. treasury on or before the due date. File quarterly return with Income Tax department and issue Form 16 certificate.
• TDS on staff salaries – Review the TDS calculation for all India staff and deduct proportionate amount on salaries every month and deposit the same with Govt. treasury on or before one week of the salary disbursement. File quarterly and annual return. Issue Form 16 certificate.

Requirements

• Bachelor degree in Commerce / Accounts
• With 4 years of relevant experience in a similar role of an organisation of repute.
• Higher related qualification and experience in a similar role will be advantage.
• Proficiency in English (Spoken & Written)
• Proficient in MS Office.
• Exposure to ERP systems is preferred

About the Company

Oman Air, the flagship company of the Sultanate of Oman's Civil Aviation sector, commenced operations in 1993. Starting off as a regional player, Oman Air, as Oman's national carrier has witnessed rapid growth in the last 14 years. Oman Air has played a major role in making Muscat a major traffic hub in the Middle East providing a fillip to commercial, industrial and tourism activities.

As a full-fledged commercial airline of Oman, Oman Air has striven to maintain high performance standards in all aspects of its operation. The Oman International Services was established in the year 1970 & later Oman Aviation Services was founded on 1981 to extend services to the other airlines in terms of cargo handling, ground handling etc.

The Oman Air fleet consists of most modern and fuel- efficient aircraft with aesthetically designed interiors. Ultra- modern in-flight service equipment is deployed onboard to improve safety and overall performance. Investment in new technology, planning and product innovation has propelled Oman Air to the forefront of the aviation industry.

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