Senior Accountant

Job Description

SummaryThe Senior Accountant will be responsible for providing financial and business analysis support for the Company. The role will lead all financial forecasting and analysis activities for the division while partnering with Project Managers and other Concerned Heads to provide a high level of support. The role requires a highly motivated and result-oriented individual with strong analytical skills, who should use data-driven analysis to draw actionable insights and influence, decision-makers. The position provides leadership and coordination in the operational accounting and related budgeting activities of the division and ensures that reported results comply with IFRS. The position leads all financial administration and fiscal management of a business unit and communicates any potential profitability or risk to the Construction Controller while overseeing accounting staff.Responsibilities:

• Review operational and construction budgets and analyze variances against budget and prior months? costs.
• Design and issue regular reporting to Divisional leaders.
• Provide proactive analytics and reporting to improve forecasting, align results, draw insights and influence action.
• Analyze and develop new metrics/reports, looking for trends and discrepancies.
• Make suggestions regarding process improvements and assist with the implementation of new systems.
• Perform a variety of accounting and finance duties including reconciliations, assisting with financial analysis, and budgeting.
• Manage the general ledger, monthly closing process, and preparation of monthly and annual financial statements in accordance with IFRS for SMEs.
• Support the accountant with oversight of the accounting and finance functions.
• Guide, coach, and develop accounting team members to support the growth of business unit accounting

• The Senior Accountant oversees the accountants.
• Leading the financial team in the implementation process of the new ERP system.
• Participating with other teams (Procurement, Projects, and HCM) in the implementation process of the ERP.
• Managing and coordinating the accounting team to complete assigned accounting tasks within deadlines.
• Implementing the Closing Procedure at year-end with all required adjustments and allocating entries, creating a percentage of the completion report, and running profit recognition report.
• Issuing the trial balance and financial statements.
• Preparing all audits? requirements and working closely with the audit team to get the audited financial statements ASAP.
• Reviewing and recommending changes to existing accounting procedures.
• Reporting: Managing and assisting the preparation and distribution of internal financial reports for various areas (A/P, A/R, GL, Payroll) maintaining the highest quality, reliability, and accuracy.
• Preparing financial statements analysis reports to analyze the companys performance and profitability using financial ratios and other instruments.
• Budgeting: Coordinating the annual budget process. Preparing consolidated budget and analyzing trends in revenues and expenses. Tracking expenses and revenues vs. budget and analyzing fluctuations. Analyzing variances by monthly reviews with senior management. Preparing Budgeted cash flow.
• Treasury: Directing daily cash operations (monitor daily cash balances, allocate and approve daily cash transactions, prepare cash forecast, etc.). Managing current accounts and bank relations to ensure accurate maintenance of bank account balances Reviewing and driving improvements in cash management, and ensuring financial obligations are met in accordance with company policies and procedures. Supporting and following up on stand-by letters of credit and bank guarantee requirements. Issuing new letters of credit and bank guarantees regarding the company?s needs.
• Accounts Payable: Review all invoices for appropriate documentation and approval prior to payment. Verifying the accuracy of A/P outputs to insure correct coding of vendor, cost center, general ledger account, and invoice amount and processing checks requests. Processing subcontractors? payment applications for monthly billings. Matching invoices to checks, obtaining all needed signatures approvals for checks and wire transfers. Reconciling vendors? accounts and promptly researching and correcting any variances. Responding to all vendor inquiries. Investigating and resolving problems associated with the processing of invoices and purchase orders.

• The Senior Accountant reports to the Finance Manager.

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