- Responsible for monitoring and overseeing all Accounts Payable, Accounts Receivable, Cost Control, and Treasury activities of Tawfeer, in accordance with Tawfeer’s guidelines, Generally Accepted Accounting Principles (GAAP), and International Financial Reporting Standards (IFRS).
- Assist in the development of the Finance Division’s overall budget, ensuring adequate provisions for all operational activities. Monitor and control expenditures against approved budgets and reconcile variances to ensure performance remains on target.
- Develop, implement, and maintain Finance Department policies and procedures, ensuring alignment with overall business objectives and best financial practices.
- Assist the Finance Manager in the implementation and enforcement of financial accounting policies and procedures.
- Oversee Fixed Assets, Accounts Payable, Accounts Receivable, General Ledger, and Payroll accounting activities.
- Manage period-end and year-end closing processes, ensuring timely and accurate completion of all accounting activities.
- Prepare internal and external financial statements and management reports and submit them to the Finance Manager for review.
- Perform tax-related activities, including preparation and filing of statutory tax reports, subject to Finance Manager review and approval.
- Ensure the maintenance of an efficient, accurate, and accessible accounting records system in compliance with company and statutory requirements.
Oversee the AP Accountant’s activities related to monthly Accounts Payable processes, including:
Ensure timely processing and approval of supplier payments in line with the Delegation of Authority Matrix.
Review AP aging reports, due payments, and related analyses prepared for the Finance Manager.
Approve petty cash replenishments when minimum thresholds are reached.
Manage monthly Accounts Receivable processes, including:
Work with the Finance Manager to resolve discrepancies and ensure accurate receivables reporting.
Oversee General Ledger activities, including:
Ensure the integrity and accuracy of financial data at all times.
Oversee payroll accounting activities by:
- Monitor and support the performance of Finance Department staff, providing guidance to maximize efficiency and effectiveness.
- Recommend training, development initiatives, salary adjustments, and promotions based on performance evaluations.
- Prepare regular and ad-hoc financial reports related to Accounts Payable and Accounts Receivable activities and escalate critical issues with actionable recommendations to the Direct Manager.
- Perform any other duties as assigned by the Finance Manager.