Manager - Financial Accounting & Reporting

**JOB CONTENT** Responsible for the management of overall Financial Accounting. Reporting and Treasury function while overseeing the budget/forecast process. Define, develop and implement plans, policies and procedures that conform to generally accepted accounting principles and comply with the approved policies and procedures of the company. **FUNCTIONAL RESPONSIBILITIES** **Accounting & Reporting** * Supervises and controls the general accounting operations, developing effective standards and systems while ensuring strict compliance with IFRS, laws, rules, policies and procedures. Ensures that financial and accounting information is accurate and produced on time. * Develop and maintain financial accounting systems for cash management, accounts payable, accounts receivable, credit control, and petty cash. * Monitor the day to day accounting process and ensure all the postings are completed on time. Maintain the SL/GL and ensure all the control accounts are reconciled and tallied. * Prepare, verify and record journal vouchers and ensure entries are booked under appropriate accounting heads for all company transactions. * Ensure all reconciliation including cash and banks are completed on time and pass necessary adjustments entries. * Prepare and consolidate financial statements such as the Trial Balance, Profit and Loss statement and Balance Sheet and incorporate budget information prepared by Management Accountant; provide inputs on administrative cost budget. * Submit variance report on monthly basis along with the monthly account’s statement. * Provide analysis and advice to the Senior Finance Manager on the potential implications of proposed changes in accounting rules / policies and legislation / government rules. * Participate in the period end stock, and physical verification program. * Initiate the FA verification as per the company policy. * Monitor all the CAPEX procurement and ensure the same is within the company budgets/policy. * Analyze actual manufacturing expenses & prepare periodic reports comparing standard costs to actual production costs. * Maintain accurate and up to date records of all financial transactions and present report of the same to the Senior Manager - Finance whenever required. * Ensure monthly closing of the financial books are done as per the scheduled timeline and submit the report to the Senior Manager - Finance. * Ensure Corporate tax UAE and Zakat KSA working and timely filling are completed as per FTA & ZATCA regulatory requirement * Partners with the Senior Finance Manager to develop and maintain process charts and policies, ensuring compliant, effective financial systems that support operations and future growth. * In conjunction with the Senior Finance Manager, develop insurance policy and plans to ensure adequate coverage of risk to protect the assets of the company. Send monthly declaration to Insurance companies to cover all assets. * Partner with function heads across the whole organization to ensure risks associated with the production of the annual report and accounts are identified and managed accordingly. Prepare the official annual report of actual revenues, transfers and expenses. * Ensures all team members in the Finance Department and organization as a whole are kept abreast of any significant implications arising from changes in accounting rules. * Ensure the monthly VAT data is compiled and do necessary check and balances. Prepare the VAT returns, ensure the VAT is filed on time and the liability is settled well before the last date. * Ensures all regular and special financial reports are circulated to Precision shareholders for their consideration. * Liaise with the external & internal Auditors to facilitate completion of statutory audits as per agreed schedules and ensure all recommendations and findings identified by audit are acted upon promptly with necessary action implemented. * Partner with the Senior Finance Manager in the development and maintenance of Liquidity and Funding Policy/Standard/Mandate and Contingency Funding Plan & associated stress scenario descriptions and assumptions. * Oversee the overall credit functions; set objectives for credit control function. Review the monthly aging and circulate to Head-Commercial. Highlight the critical issues in collection and escalate at the right point * Ensure the credit control is strictly followed and customer accounts are serviced strictly on the norms. * Ensure compliance to Safety, Quality, Food Safety and Environment requirements as specified in the global QHSE Management System with strict adherence to ISO and local regulatory authority. * Ensure that all records and documents are up to date, true & correct and have full traceability at all times and that all processes, procedures & activities meet and match those laid down under company ISO and management procedures. **Treasury Management** * Establish effective working relationships wi