Sr. Accounting Manager

Job Title: Sr. Accounting Manager

Job Description Sr. Accounting Manager

Classification: Internal -

1. JOB DETAILS:

Job Title: Sr. Accounting Manager

Reports to: CFO

Department: Finance

Section: Accounting

2. JOB PURPOSE:

To manage day-to-day financial operations of the company and accounting as per IAS IFRS and in

compliance with corporate accounting policies & procedures. Supervise all accounting activities to provide

accurate financial data recommend financial accounting policies and procedures and implement cost

accounting systems to enhance control over the resources and eliminate duplication of financial data.

4. KEY ACCOUNTABILITIES:

Description

General Accounting

Review and validate all accounting transactions in compliance with company’s accounting policies

Delegation of Authority and International Accounting Standards.

Review and validate monthly customer invoices in compliance with sale order agreements contracts

etc. signed with customers.

Review and analyze receivable ageing report coordinate with concerned department for receivable

management.

Review and validate suppliers/services provider’s invoices in compliance with contracts agreements

purchase orders etc. signed with customers.

Ensure the accurate development of Chart of Accounts oversee identification and creation of

departmental and cost center structure.

Ensure all payments are properly documented and approved in compliance with company’s policy

DOA and approved budget.

Ensure the staff cost of employees are properly allocated to respective department and cost center

as per payroll.

Operational Activities

Coordination with Legal & Commercial to ensure compliance contractual requirements WRT

contractors & service providers.

Verification of Interim payment certificates (IPCs) of EPC contractors and Close out project accounts

upon project completion

Support complex contract negotiations and provide financial and commercial analyses and decision

support as required.

Review and analyze receivable and payables ageing report in coordination with concerned

departments.

Support various departments for risk management

Review and validate monthly payroll in coordination with HR in compliance with WPS.

Compliance

Compliance of all contractual provisions as per contracts with the customers/clients.

Review and filing of tax returns including withholding tax filing other compliance with GTA.

Strategy Development and Implementation

Develop and direct the implementation of the department strategy ensuring alignment to divisional

strategy company’s vision mission and corporate objectives.

Ensure that department strategy and related strategic plans are developed and implemented which

are aligned with the vision and mission of the organization.

Ensure the provision of subject matter expertise for the assigned domain and provide counsel to

company leadership on all related areas to facilitate the achievement of companys

strategy and divisional strategies.

Leadership

Manage the effective achievement of departmental objectives through effective leadership and by

setting of individual objectives managing performance developing and motivating team to maximize

performance.

Lead the talent development initiatives for the assigned department collaborating with discipline

experts and thereby ensure the availability of talent to fit business requirements.

Budgeting and Financial Performance

Oversee the consolidation and recommend the department budget and monitor financial performance

versus the budget so that the business is aware of anticipated costs/revenues areas of unsatisfactory

performance are identified and potential areas of cost reduction or performance improvement

opportunities are capitalized upon.

Policies Systems Processes & Procedures

Develop and lead the implementation of Accounting department policies systems processes

procedures and controls covering all areas of assigned functional so that all relevant

procedural/legislative requirements are fulfilled while delivering a quality cost-effective service in a

consistent manner.

Auditing

Coordinate and mange external/internal audits and timely completion and submission of audited

Financial Statements both standalone and consolidated.

Change Management

Lead the management of change through continuous improvement of department systems processes

and practices taking into account global standards and changes in the business environment which

demand proactive action plans.

Reporting

Ensure that all department reports are prepared timely and accurately and meet Marafeq Qatar

requirements policies and quality standards.

Ensure all reports are prepared in compliance with IFRS/IAS requirements.

Quality Health Safety & Environment

Ensure all relevant quality health safety and environmental procedures instructions and controls are

adhered to so that the safety of employees quality of products/services and environmental

compliance can be guaranteed.

Related Assignments

The job holder may be required to undertake additional duties which may be reasonably expected

and forms part of the function of the job.

6. CONTEXT WORK ENVIRONMENT & DECISION-MAKING AUTHORITY:

The job holder is required to foresee and meet current and potential challenges presented by rapid

operational and staff growth in creating and implementing effective human resources strategy.

The job holder exercises financial authority as per the level established by company

management and stipulated in the authority matrix.

Key decisions having significant impact on the Accounting department are referred to CFO for

approval before implementation.

7. QUALIFICATIONS EXPERIENCE & SKILLS

Minimum Qualifications:

Bachelor’s degree in Accounting Finance or a related field

A professional qualification such as CA/CPA is preferred

Master’s degree is preferred

Minimum Experience:

10 years of experience in a similar role with at least 5 years in managerial roles

Job-Specific Skills (Generic / Technical):

Proficiency in English

Deep knowledge of finance accounting budgeting and cost control principles including GAAP

Deep knowledge of contracting and change management

Strong negotiation skills

Strong analytical skills

Excellent communication and inter-personal skills

Attention to detail