Head of Finance and Accounting
1 day ago
Head of Finance and Accounting Department
**Job Summary**:
The Head of Finance and Accounting is in charge of all accounting activities of both financial and managing nature. The Head of Finance and Accounting covers all areas of operations, guarantees that financial controls are sustained, produces timely financial statements and performance reports and assists departments with their annual budgets, reviews, and internal controls.
**Responsibilities**:
**Policies and Procedures Implementation**: Develops, supervises and implements all relevant policies, processes, standard operating procedures, and instructions so that work is carried out in a controlled and consistent manner.
**People Management**: Supervises the work of the accounting team, ensures compliance with laws and Order's policies and provides direct and indirect feedback to ensure that work is carried out in an efficient way.
**Career Development**: Advises team members on their performance within the accounting department and on their career, progression prospects within the department.
**Effective Employee Relations**: Investigates and resolves workplace issues, ensuring the overall well being of employees and providing a safe work environment free from discrimination and harassment.
**Continuous Improvement**: Contributes to the identification of gaps in the Department for continuous improvement of the Order. Works towards improving and developing their skills.
**Job-Specific Accountabilities**:
- Manages, supervises and provides guidance to employees within the Finance and Accounting Department.
- Conducts all necessary training to keep the accounting team's skills and knowledge up to date.
- Plans, controls and implements the annual budgeting process.
- Supervises the preparation of profit and cash flow forecasts, analyses and reports.
- Supervises the preparation of quarterly management and year-end accounts.
- Prepares monthly/quarterly management reports and accounts ensuring they are produced on a timely basis (include KPI reports, budget, variance analysis, statistical data, and trends).
- Coordinates between the different sections within the Department to complete assigned accounting tasks within deadlines.
- Generates financial reports.
- Analyses financial discrepancies and recommends effective solutions.
- Monitors expenditures, analyzes revenues and determines budget variances.
- Assists in auditing activities by providing the necessary information.
- Ensures that all necessary documents are always requested, collected and compiled in a timely manner.
- Monitors financial transactions and ensures compliance with the Order's policies and procedures.
- Maintains compliance with all international and local regulations.
- Maintains highly organized and updated files.
- Attends training regarding accounting standards and bookkeeping and provides training to more junior accountants through conferences, seminars, and workshops.
- Ensures all accounting tasks and transactions are completed in a timely manner
**Key Performance Indicators**
- Expected KPIs to be met
- Accounts payable turnover
- Accounts receivable collection period
- External Audit results
- Number of days to close the month and year
- Timeliness and accuracy of periodic governmental declarations
- Journal entries error rate
- Timeliness and accuracy of management reporting
- 360 degrees survey results
- Smooth communication with Heads of Sections within the Department
**Qualifications, Experience, and Skills Education**:
- Minimum Bachelor degree in Business Administration with an emphasis in Accounting/ Finance, Economics or any relevant field.
- MSc/MBA with relevant certification (ACCA, CPA)
**Experience**:
- At least 10 years of experience in Financial Management and Accounting.
**Skills**:
- Excellent computer literacy
- Excellent verbal and written communication skills
- Excellent mathematical skills
- Excellent IRS and accounting knowledge
- Excellent presentation skills
- Excellent problem-solving skills
- Excellent attention to details
- Excellent organizational skills
- Excellent leadership skills
- Excellent sense of ethics
- Critical thinking and analytical skills
- Strong multitasking ability
- Demonstrable experience in managing and supervising staff with the ability to adopt a hands-on approach as part of a team
- High attention to details
- Ability to work under pressure and meet deadlines.
Ability to commute/relocate:
- Manama: Reliably commute or planning to relocate before starting work (required)
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