Summary
Power International Holding is seeking a Chief Accountant to lead its accounting function and supervise the accounting team. The role covers financial reporting, month-end and year-end close, accounting controls, financial analysis, and coordination with auditors and regulatory authorities. Applicants need a bachelor's degree in accounting and at least 8 years of work experience, including 5 years of relevant experience; 2 years of GCC experience is a plus. SAP or other ERP experience is required.
The posting
As published on powerholding-intl.com. Pulled from the employer's site and shown as they wrote it.
Job Summary
The Chief Accountant manages the accounting functions within an organization, ensuring accuracy, integrity, and compliance with accounting standards and regulatory requirements. They are responsible for supervising the accounting team, providing guidance, training, and support to ensure accurate and timely financial reporting. Additionally, the Chief Accountant plays a key role in developing and implementing accounting policies, procedures, and controls to safeguard assets and mitigate financial risks. They also manage relationships with external stakeholders, such as auditors, tax authorities, and regulatory bodies, to ensure compliance with audit requirements and regulatory standards.
Job Responsibilities 1
Oversee and manage the accounting department, ensuring accurate and timely recording of financial transactions in compliance with accounting standards and regulations.
Supervise and provide leadership to accounting staff, including hiring, training, and performance evaluation, to maintain a high level of productivity and professionalism within the team.
Develop and implement accounting policies, procedures, and controls to ensure the integrity of financial data and safeguard Company assets.
Prepare and analyze financial statements, including balance sheets, income statements, and cash flow statements, to provide accurate and timely financial information to management and stakeholders.
Manage the month-end and year-end closing processes, including reconciliations, accruals, and adjustments, to ensure completeness and accuracy of financial reporting.
Coordinate and liaise with external auditors, tax authorities, and regulatory agencies to facilitate audits, reviews, and compliance with regulatory requirements.
Provide financial analysis and insights to senior management, including variance analysis, trend analysis, and key performance indicators, to support decision-making and strategic planning.
Monitor and analyze financial performance, identifying areas for improvement and making recommendations for cost reduction, revenue enhancement, and operational efficiency.
Develop and maintain relationships with internal stakeholders, such as department heads and business unit leaders, to provide financial guidance, support, and expertise as needed.
Stay abreast of changes in accounting standards, regulations, and industry trends, and ensure compliance and alignment with best practices in accounting and financial reporting.
Support the implementation of HSE initiatives, participate in safety awareness activities, and contribute to incident reporting and resolution in alignment with company and IMS policies
Job Knowledge & Skills
Extensive knowledge of accounting principles, financial reporting standards, and regulatory requirements to ensure accurate and compliant financial reporting.
Strong leadership and team management skills are essential for effectively supervising and motivating the accounting team, fostering a collaborative and high-performing work environment.
Proficiency in accounting software and ERP systems is necessary for managing financial transactions, generating reports, and maintaining financial records efficiently.
Excellent analytical skills are vital for interpreting financial data, conducting variance analysis, and identifying trends or anomalies within financial reports.
Experience in financial statement preparation, budgeting, and forecasting enables the Chief Accountant to provide strategic insights and recommendations to senior management.
ERP knowledge preferably SAP functional skills are a requirement to be successful in this role.
Job Experience
Minimum 8 year(s) working experience, 5 year(s) relevant working experience, 2 year (s) GCC is a plus
Competencies
Resilience
Agility
AI Fluency
Quality_321977507
Leadership_321977503
Financial Leadership L3
Accounting Methods L3
Reconciliation L3
Financial Reporting L3_323747999
Payroll & Benefits Administration L3
Education
Bachelor's Degree in Accounting