Senior Accountant - Finance - Kuwait

Job Description

Finance Our multi-disciplined finance teams support and improve business performance while maintaining effective and robust control. We have teams working within our retail divisions reviewing financial performance, identifying trends, spotting opportunities and supporting business planning and decision making. In our Central Finance Team, business performance is recorded, reported and analyzed on a monthly, quarterly and annual basis. Finance staff also play an active role in the review and enhancement of business processes and technology usage. 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 Cashiers 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 and ad hoc reports review, analyze and comment on reports, to confirm accuracy for monthly and final closing of books of accounts.

Job Requirements:

• Degree / Post graduate qualification in Accounting.
• Good Understanding of oracle financial system or similar Accounting software.
• 4-5 years of experience with Retail Accounting and knowledge on VAT & WHT are preferred.
• Experience in handling high volume of transactions,
• Experience of General Ledger, Fixed Asset Accounting, Inventory Accounting, monthly closing process, Support Statutory Audit.

About Us:Alshaya Group is a dynamic family-owned enterprise which was first established in Kuwait in 1890. With a consistent record of growth and innovation, Alshaya Group is one of the worlds leading brand franchise operators, offering customers an unparalleled choice of well-loved international brands, including: Starbucks, H&M, Mothercare, Debenhams, Cos, American Eagle Outfitters, P.F. Changs, The Cheesecake Factory, The Body Shop, M.A.C, Victorias Secret, Boots, Vavavoom, Pottery Barn and KidZania. Alshaya Groups portfolio extends across MENA, Russia, Turkey, and Europe, with thousands of stores, cafes, restaurants and leisure destinations, as well as a growing online and digital business. Operating in multiple sectors including Fashion, Food, Health & Beauty, Pharmacy, Home Furnishings and Leisure & Entertainment, Alshaya Group colleagues are united by a commitment to delivering great customer service and brand experiences. Fresh, modern, and relevant, Alshayas constantly evolving retail portfolio reflects the choices and lifestyle of its customers. From flagship stores and restaurants in prestige malls, to local coffee shops, drive-thrus and online, Alshaya Group brings customers the brands they love in the places they want to be.

Keyskills :

About Company

Alshaya Group is a family-owned enterprise, first established in Kuwait in 1890. With a consistent record of growth and innovation, Alshaya Group is one of the world’s leading brand franchise operators, offering an unparalleled choice of well-loved international brands to customers