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Accountant

  • Location:

    Baghdad

  • Sector:

    FMCG

  • Contact:

    Steve Al-Bazy

  • Job ref:

    3893

  • Published:

    9 months ago

  • Expiry date:

    2024-03-23

mselect is hiring a Senior Accountant for an FMCG client in Baghdad, Iraq. Candidates must have a minimum of 1 year of experience in Account Reconciliation activities from a zero base. English and Arabic fluency is a must.

JOB PURPOSE
  • Process GL transactions including Journal vouchers and Accruals
  • Prepare Monthly Reconciliations for Distribution and commercial entities
  • Assist in Month end and Year End close
  • Prepare and Review Interim and year-end audit schedules for Distribution and commercial entities
  • Automate and streamline accounting process in line with shared service center objectives

KEY ACCOUNTABILITIES

Responsibility:
  • Process GL transactions including Journal vouchers and Accruals
  • Prepare Monthly Reconciliations for Distribution and commercial entities
  • Assist in Month end and Year End close
  • Prepare and Review Interim and year-end audit schedules for Distribution and Commercial entities
  • Automate and streamline accounting process in line with shared service center objectives
Indicator:
  • Perform maintenance and bookkeeping activities of various Supply chain related entities of the group
  • Book Prepayment amortizations and monthly balance sheet accruals in General Ledger
  • Participate in a timely month close process as prescribed by the monthly close schedule
  • Participate in variance analysis and perform late adjustment entries wherever necessary
  • Use reconciliation software to prepare close schedules and identify discrepancies
  • Prepare balance sheet schedules and ownership of book close for Distribution and commercial entities
  • Prepare reconciliation of sub ledger and general ledger transactions
  • Prepare Bank reconciliations across the different Distribution units of the business
  • Assist in period close and year close activities as prescribed by the close schedule for the group
  • Participate in a timely month close process as prescribed by the close schedule from corporate finance
  • Assist in year-end audit process in co-ordination with the external auditors of the group
  • Provide schedules for all the financial accounts as required by auditors
  • Address queries from internal audit for all the responsible entities
  • Participate in continuous improvement of the shared service center
  • Anticipate, plan, address and resolve complex customer service issues with internal and external customers, including vendors
  • Work with Senior Shared Service management in driving key internal control issues and lending expertise in key knowledge areas for improvement
  • Participate in key software implementations to drive automation of complex business scenarios involving accounting and reporting
Targets:
  • Timely close of Accounting Period
  • Number of late adjustments booked
  • Accuracy of financial numbers
  • Timely preparation of Balance sheet Reconciliations
  • Clear and fully justified Balance Sheet GL Account Reconciliation
  • Accuracy of financial numbers
  • Timely close of Accounting Period
  • Timely completion of external audit
  • Percentage of compliance on internal control procedures
  • Implementation of Best in Class Shared service Accounting practices
  • Successful transition to New ERP Software and account reconciliation software

REQUIREMENTS

Qualifications:
  • BA degree in accounting.
  • Chartered Accountant (CPA, CA, ACCA) highly desirable
Knowledge:
  • IFRS (All IAS Standards), Local GAAP
  • Financial Compliance and Internal Control Framework
  • Auditing Framework
  • RTR, PTP, OTC processes & associated Policies
  • IT, ERP (SAP, MFG PRO) & Systems environment
  • Continuous Process Improvement
  • Transactional Finance Process Execution
  • KPI Reporting and Escalation Management
  • Handling Ambiguities in Complex accounting scenarios
Skills:
  • Strong Numerical and Analytical Skills
  • GL Reconciliation
  • Proficient in Account Reconciliation software. Blackline Software Experience preferred.
  • Statutory Reporting
  • Excellent Computer skills especially in Microsoft Excel, Word and PowerPoint
  • Excellent organizational ability, flexibility, confidentiality and attention to detail
  • Excellent Communication Skills and a Senior team player
  • Business Analysis & Challenge
  • Proactive and Anticipating Change
  • Risk Management
  • Ability to work under pressure and results oriented
  • Stakeholder Management
ACCBC:
  • Customer Focus
  • Effective Communication
  • Positive Relationships
  • Sense of Urgency
  • Discipline
  • Accountability
  • Learning
  • Agility
  • Initiative
Experience:
  • 1 to 3 years Finance role
  • Prior experience in Account Reconciliation activities from a zero base

*Only applicants meeting the strict criteria outlined above will be contacted as part of the shortlisting process.
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