Job Purpose
Managing accounting functions including maintaining, analyzing and verifying monetary records, in addition to ensuring the implementation of accounting policies and procedures and accounting practices as well as assisting in reporting financial performance and preparing the company's budgets, reports and schedules to ensure efficiency, effectiveness and integrity.
Key Responsibilities
- Assisting in developing and supervising the implementation of the department's work plan; directing activities to serve the department's goals and plans in line with the company's strategies and adopted policies
- Ensuring that work activities are carried out according to the pre-set performance goals, and suggesting any necessary actions to the Finance Manager
- Managing accounting functions, including all accounts receivable and accounts payable transactions, fixed assets and general ledger as per the adopted policies and procedures
- Maintain local banking relationships, including negotiating facilities agreements and ensuring that such activities are carried out within a planned time frame and in context with general financial plans, targets and interest
- Monitoring and controlling Accounts Receivable, including following up debts, balance confirmation and dealers’ financial evaluation
- Controlling assets and stock inventory
- Assuring implementation of the company's Commercial Policy, including discounts, quotas, offers, and special discounts
- Liaising with the auditors will take place on the interim and annual audit
- Managing the process of performing banks and/or financial entities' reconciliations, and issuing bank transfer letters
- Monitor and verify payroll and related expenses calculations
- Staying up to date with all applied governmental laws and regulations, and maintaining continuous compliance regarding accounts and financial transactions
- Monitoring and verifying expenditures by ensuring full documentation
- Developing and maintaining all required schedules regarding accounting records like prepayments, unearned revenue, contracts, accruals, and cost allocations
- Managing the accounting software, controlling the chart of accounts in cooperation with the Finance Manager
- Checking and verifying all journal entries, payment vouchers and receipt vouchers
- Periodic review of all payable accounts and issuing payments as per company policy
- Monitoring general ledger and supporting financial closing activities; ensuring deadlines are met with compliance to all statutory requirements
- Contributes in preparing all financial reports required, including monthly reports, annual reports and interim reports based on needs, etc (i.e. Monthly Financial Status Report, Monthly Cash Flow Report, Next Year Budget Report, Accounts Receivable Reports, Employee Accounts, Cost distribution, Revenue distribution, Profit and Loss Statements, Balance Sheet)
- Monitor processing invoices and payments in accordance with proper accounting methods and the Company’s procedures
- Monitor processing payments of all the Company’s bills, including payments to suppliers, consultants, utilities bills, telephone/fax/ Express Delivery bills, etc
- Conducting periodic meetings with subordinates to follow up on their work, identify and discuss arising issues of concern and ensure the smooth running of activities
- Preparing periodic reports concerning the Accounting Section activities and achievements to be submitted to the Finance Manager
- Assist in specifying manpower requirements for the department according to the recruitment and selection, and human resources planning practices
- Recommending training needs of subordinates and evaluating the outcomes of training courses in coordination with the Human Resources Department
- Conducting performance appraisals for subordinates according to scheduled plans and recommending necessary actions as per the adopted practices
- Performing other duties related to the job as assigned by the Finance Manager
Requirements
Education:
Bachelor's degree in accounting or finance Specialty.
Experience:
Minimum of 3 years of related experience in a supervisory position in Iraq.
Behavioral Competencies:
- Written Communication Skills
- Oral Communication Skills
- Initiative
- Reliability & Commitment
- Team Building
- Coaching
- Motivating
- Delegating
- Time Management
- Analytical & Reasoning
- Attention to Details
- Reporting
- Accounting Practices
- Financial Modelling & Analysis
- Budgeting
- Cost Management
- Financial Reporting
- English Language
- General Computer Skills
- Stock & Inventory Control
- Treasury Management
- Internal Regulations
- Externally: Dealers and Distributors, Electronics Holding Management, Suppliers & Vendors, and Auditors
- Internally: All Staff
*Only applicants meeting the strict criteria outlined above will be contacted as part of the shortlisting process.