Senior Accountant [Based in Kuwait]

Job Description

Relocation is required to Kuwait for this role

Job Purpose

Responsible for overall upkeep of books of accounts, managing reconciliations and assisting in monthly closure of accounts.

Key Responsibilities

• Manage the full AP cycle, including receipt of invoices, tracking payments, coordinating with outsourced service provider and maintaining accurate records.
• Work closely with vendors to resolve any billing issues or disputes and perform SOA reconciliations
• Perform sales reconciliations, collaborate with business stakeholders for shortages and proactively follow up on outstanding balances to ensure timely collections.
• Analyze aging reports and implement strategies to minimize overdue balances.

General Ledger (GL) Entries:

• Prepare and post daily, weekly, and monthly GL entries.
• Ensure all financial transactions are accurately recorded in the GL.
• Reconcile GL accounts and resolve any discrepancies in a timely manner.
• Assist in maintaining an organized and up-to-date chart of accounts.
• Inter-company reconciliations

Monthly Financial Closing:

• Lead the monthly financial close process, ensuring all deadlines are met.
• Prepare and review journal entries, accruals, and adjustments.
• Ensure all balance sheet accounts are reconciled and discrepancies are addressed.
• Collaborate with the finance team to prepare monthly financial statements and reports.

Product Costing:

• Analyze product costs, develop and maintain standard costing for products and services.
• Provide insights and recommendations to improve cost efficiency.
• Support pricing strategies by providing accurate costing data.

Financial Reporting & Compliance:

• Assist in the preparation of financial statements in accordance with reporting standards.
• Ensure compliance with internal controls, policies, and external regulations.
• Participate in audits and assist with the preparation of audit schedules.

Continuous Improvement:

• Identify opportunities to streamline and improve accounting processes.
• Implement best practices to enhance the accuracy and efficiency of financial operations.
• Provide mentorship and support to junior accounting staff.

• Bachelor's in Commerce or equivalent qualification
• Completion of Cost Accountancy OR Semi Qualified CA's are a plus

• Minimum 3-4 years of Accounting experience
• Experience in F&B | Retail | FMCG industry is a plus