Accounting and Reporting Specialist

8 hours ago


Al Muharraq, Muharraq, Bahrain AVANA Companies Full time

About AVANA Companies

We are a people-first organization that believes in creating a better future for our clients, partners, and employees. As a great place to work, we value our team members' contributions and strive to enrich their lives as much as they enrich ours.

The Role

We are looking for a skilled Junior/Senior Accountant to join our team and take charge of our financial activities. As a key member of our organization, you will be responsible for overseeing daily treasury operations, cash management, and ensuring compliance with financial regulations.

Your Key Responsibilities

Cash and Liquidity Management:

  • Monitor daily cash positions and forecast short-term and long-term cash requirements.
  • Execute cash management strategies to optimize liquidity while minimizing idle cash balances.
  • Coordinate with internal departments to ensure timely funding for operational needs.
  • Evaluate investment opportunities and recommend investment strategies to maximize returns while managing risks.

Banking Relationships:

  • Manage relationships with banks and financial institutions.
  • Negotiate banking services, fees, and terms to optimize banking relationships.
  • Evaluate and recommend changes in banking partners as necessary.

Cash Flow Forecasting:

  • Develop accurate cash flow forecasts to support operational and strategic decision-making by collaborating with people across the organization.
  • Analyze variances between forecasted and actual cash flows and provide explanations and recommendations.
  • Identify, assess, and mitigate financial risks, including interest rate risk, foreign exchange risk, and credit risk.
  • Develop risk management strategies to protect the organization's financial health.
  • Maintain compliance with regulatory requirements and internal policies related to treasury operations.

Financial Reporting and Analysis:

  • Prepare accurate and timely reports on treasury activities, including cash balances, investments, and debt.
  • Develop dashboards to provide in-depth financial analysis to support strategic decision-making and identify opportunities for cost reduction, revenue enhancement, or process improvement.
  • Collaborate with internal and external auditors to ensure compliance with financial reporting standards.
  • Communicate financial information effectively to stakeholders, including senior management, board of directors, investors, and external partners.

Internal Controls and Process Improvement:

  • Establish and maintain internal control procedures to safeguard company assets, prevent fraud, and ensure compliance with policies and regulations.
  • Identify opportunities to streamline treasury processes and enhance efficiency, accuracy, and scalability.
  • Implement best practices and automation tools to improve accuracy and effectiveness.
  • Lead or participate in treasury-related projects to support business objectives.

Requirements:

  • A bachelor's degree in accounting, finance, or a related field.
  • A master's degree or professional certification such as CPA (Certified Public Accountant), ACCA (Association of Chartered Certified Accountants), or CMA (Certified Management Accountant) may be preferred.
  • 3+ years of relevant experience in accounting, finance, or auditing. Knowledge on Islamic finance or Shariah-compliant lending a plus.
  • Understanding of regulatory requirements and guidelines governing finance operations, including US accounting standards and local regulatory frameworks.
  • Excellent strategic thinking and problem-solving skills and attention to detail.
  • Ability to work independently, prioritize tasks, and meet deadlines in a fast-paced environment.
  • Strong business acumen and a deep understanding of organizational dynamics.
  • Outstanding communication and interpersonal skills, with the ability to build relationships and influence others.
  • Demonstrated ability to work effectively with diverse teams and across all levels of an organization.
  • Proven track record of driving change and leading successful transformation initiatives.

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