Chief Financial Compliance Officer

6 days ago

Manama, Manama, Bahrain beBeeFinancial Full time 900,000 - 1,200,000

Job Title: Senior Financial Accountant

Key Responsibilities:
  • Financial Accounting & Reporting: Prepare and maintain accurate financial statements (profit/loss, balance sheet, cash flow) to ensure compliance with IFRS and Bahrain Commercial Companies Law.
  • Ensure month-end and year-end closing processes are supervised, including journal entries and GL reconciliations.
  • Maintain an up-to-date fixed asset register, monitor depreciation, and asset capitalization.

VAT & Statutory Compliance:

  • Prepare monthly VAT calculations and file returns in line with National Bureau for Revenue requirements.
  • Conduct regular VAT reconciliations and audits.
  • Advise departments on VAT treatment of contracts, purchases, and exports.

Payroll & Employee Cost Management:

  • Oversee monthly payroll processing and reconcile payroll with finance records.
  • Ensure compliance with Bahrain Labour Law, including EOSB, gratuity, leave, and indemnity provisions.
  • Liaise with HR for WPS, LMRA, SIO, and leave encashments.

Budgeting & Forecasting:

  • Assist in preparing annual budgets and quarterly forecasts.
  • Perform variance analysis and provide management with cost-saving insights.
  • Support CAPEX planning and ROI analysis for major investments.

Treasury & Banking:

  • Manage bank accounts, daily cash flow, and multi-currency transactions.
  • Monitor banking facilities, LC issuance, BG, credit Facility, and payment schedules.
  • Prepare cash flow projections and bank reconciliations.

Internal Controls & Audit:

  • Maintain internal controls and ensure alignment with EPIQ corporate audit policies.
  • Liaise with internal and external auditors to support audit readiness.
  • Document financial processes and SOPs in accordance with best practices.

Candidate Profile:

Qualifications & Education:

  • Bachelor's Degree in Accounting, Finance, or a related field.
  • Professional certification such as CPA, ACCA, CA, or CMA is highly desirable.

Skills:

  • Deep knowledge of Bahrain VAT, labor law, and statutory filings.
  • Advanced MS Excel skills and hands-on ERP usage.
  • Strong communication skills in English; French and Arabic is an asset.
  • High attention to detail, time management, and problem-solving abilities.

Experience:

  • Minimum 10 years of experience in accounting roles.
  • GCC experience is a must, with at least +5 years in Bahrain.
  • Experience working in a multinational company or large industrial/manufacturing organization is highly preferred.

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