Financial Manager

Job Description

To ensure that the laid down Financial and Accounting Policies, Regulations & Formats are rigidly followed by all concerned.? To periodically review the existing Chart of Accounts and structural modifications, if any, requiredshould be comminuted to the direct superior for his consideration and approval.? To ensure timely establishment and amendments, if any, of all Letters of Credit, as instructed bysuperiors from time to time.? To arrange for Bank Guarantees, as instructed by superiors from time to time.? To ensure timely release of retention amounts in respect of all matured LCs and expired BGs.? To carry out annual review of all insurance policies and value or risk coverage modifications, if any, required should be comminuted to superiors for their consideration and approval.? To ensure timely renewal of all insurance policies and equipment maintenance agreements & leased real estate rents as well as arrangements of due payments on time.? To liaise with Al-Andalus Holding co. underwriters for issuance and renewal of any insurance policies required under Construction/Electronic projects agreements/contracts entered into by JJE from time to time.? To ensure that the cash balance in Al-Andalus Trading Co. Main Office safe at the close of each working day is within the insured limit.? To maintain and supervise a proper and to update the accounting system.? To supervise checking & verifying cash-in-hand / physical cash balance report on a weekly basis and advice discrepancies, if any, to superiors. etc.? as per details given below: -o Cash & Bank Payment Voucherso Stock Reconciliation Statements (TB, BS, P&L, GL & Stock..ETC.o Cash & Bank Receipts Control Modules)o Journal Vouchers o Staff Imprest & Temporary Advance Requisitionso Sales/Purchase Invoiceso Staff Travel Claims (Local / overseas)o Debit/Credit Noteso Expense Reimbursement Claimso Monthly Account Balance & Aging Reports (A/R, A/P & Inventory)o Staff overtime Claimso Monthly Payment Plan of Overseas Supplierso Applications for Salary Advance/Staff Loanso Monthly Bank Reconciliation StatementsAnnual Leave/Final Settlement Claimso Monthly Time Sheetso Bank Interest & Finance Charges? To prepare all reports required? Provisions, and accruals for Expenses (All Dept., Regions, Branches) ( Quarterly )? To assist the Sales Dept in collection of all outstanding debts of Al-Andalus Trading co. to ensure timely payment of all genuine commitments of Al-Andalus Trading co.. In the event of non-availability or lack of funds, the direct superior should be advised accordingly.? To arrange for verification/certification of accounting records as well as computation and timely payment of Zakat (2.5% annual religious donation) as per Zakat Executive By-Law/Regulations.? To render all assistance and co-operation to the external auditors in conducting the interim and annual audit of accounts as well as answering all audit queries.? Compilation & submission of accounting data/information as may be required by Gov. Ministries/Authorities.? To handle all routine correspondences with Al-Andalus Trading co. customers, suppliers, clearing agents, bankers & Auditors. Responsible for proper filing and safe custody of all accounting documents and records including original equipment maintenance agreements, mortgage deeds, contracts, insurance policies etc.? To perform any other similar or related job duties and responsibilities as assigned by superiors

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