Sr. Accountant - Jobs in As Salimiyah, Kuwait

Job Description

JOB ROLES & RESPONSIBILITIESPAYROLL?????Receives?and?maintains?advice?from the?HR?and?Administration?department?concerning?Employee compensation and leave for the payroll process.?????Ensures that proper deductions are made from payroll each month for outstanding dues from employees regarding advances, leave, etc.?????Processes salary payments and reconciles payroll clearing accounts.?????Coordinates with HR and Administration department regarding new and resigned/terminated employees.?????Computes end-of-service payments for resigned or terminated employees.?????Prepares payroll reports regarding wages, benefits, deductions, etc., as requested.PAYMENTS????Matches original invoices and requests for payments with internal purchase orders 0r chequerequests.?????Prepares payment vouchers and initiates bank transfers, establishing the nature of paymentand the accounting entries along with the supporting documents.??????Verifies and posts daily all payment entries for accuracy, classification, andauthorization regarding the supporting documents.?????Authorizes Payment Action Memo for releasing payments to suppliers.?????Verifies the appropriate approval in respect of expenditure for which the payment is made.?????Verifies whether the payments being processed are in compliance with budget and appropriate approvals are obtained for excesses if any.??????Reviews the daily corporate cash position and prioritizes payments based on such positionsand assists the Finance Controller ? Finance and Accounts for financial planning.????Verifies the accounts payable aging report regularly to ensure payments are accurate and are not over-due.?????Updates suppliers on the status of payments.?????Reviews vendor statements periodically to ensure past due items are resolved in atimely manner.?????Creates new vendor accounts, under the direction of the Finance Controller? Finance andAccounts.?????Obtains acknowledgment of receipt from the individual collecting the cheque.SETTLEMENTS????Passes accounting entries and prepares Payment vouchers for treasury and investment-related deals.?????Prepares documentation required for the settlement of treasury and investment deals.?????Prepares and sends counterparty confirmations for treasury deals.?????Posts entries for interest and dividends earned or accrued on treasury deals and investments.??????Ensures share certificates for investment deals are received and transferred for safe custody.ADMINISTRATIVE?????Assists the Finance Controller- Finance and Accounts in month-end closing procedures.??????Maintains documentation in a safe and secure area.?????Follows policies and procedures in all tasks performed by subordinates and performs other duties, as assigned, to meet business needs.GENERAL ACCOUNTING?????Maintains the General Accounting and all related accounts with proper documentation and records of all transactions.?????Extracts and reviews General Accounting trial balance at month-end and ensures that controlaccounts in the General Accounting agree with subsidiary ledgers.?????Implements?month-end?and?year-end?closing?schedule?of?the?General?Accounting,?as?well as the preparation of any month-end and year-end journal entries and adjustments.??????Records all transactions in the systems as per journal vouchers have been prepared and theThe appropriate authorization has been obtained.?????Accounts for revaluation adjustments of investments based on reports received from the operations division.?????Provides for all accrued expenses and payables.?????Maintains and updates the Fixed Asset Register and passes necessary depreciation entries.?????Prepares and processes accounting entries necessary?for closing the books of account, with approval from the Finance Controller? Finance and Accounts.?????Performs reconciliation of all bank account balances every month.?????Prepares the monthly trial balance, ensuring the accuracy and completeness of accountbalances?????Records all cash receipts and bank credits.BUDGETING??????Provides assistance in the consolidation of the companys business plans and budgets.?????Conducts?and coordinates?financial, operational, and other related research to support the companys strategic and business planning.?????Compiles financial information from all components of the organization and develops integrated analyses, projections, reports, and presentations to finalize the budget.?????Consolidates subsidiary budgets with the holding companys budget.MIS REPORTING?????Prepares various MIS reports at agreed frequencies, as required by management.?????Coordinates with other departments and subsidiary company employees to obtain necessary information for the purpose of preparing the required/requested reports.?????Prepares preliminary variance analyses after preparing actual budgets and forwards to the Finance Controller- Finance and Accounts for review.

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