Senior Financial Accountant

2 days ago

Manama, Manama, Bahrain beBeeAccountant Full time 90,000 - 120,000
Financial Management SpecialistJob Description

We are seeking a highly skilled Financial Management Specialist to join our team. As a key member of the financial department, you will be responsible for managing the company's core financial processes, ensuring compliance with Bahrain's legal and tax frameworks, and maintaining the accuracy and integrity of financial records.

The ideal candidate will have a strong background in accounting, finance, or a related field, with at least 10 years of experience in similar roles. Proficiency in MS Excel and ERP systems such as Total ETO, ZOHO, or Sage 300 is required. Strong communication skills, attention to detail, and problem-solving abilities are essential for this position.

Key Responsibilities:

  • Financial Accounting & Reporting:
  •   - Prepare and maintain accurate financial statements (P&L, balance sheet, cash flow).
  •   - Ensure compliance with IFRS, Bahrain Commercial Companies Law, and company standards.
  •   - Supervise month-end and year-end closing processes, journal entries, and GL reconciliations.
  •   - Maintain an accurate 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 (NBR) requirements.
  •   - Conduct regular VAT reconciliations and audits.
  •   - Advise departments on VAT treatment of contracts, purchases, and exports.
  • 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 corporate audit policies.
  •   - Liaise with internal and external auditors to support audit readiness.
  •   - Document financial processes and SOPs in accordance with best practices.
Requirements

To succeed in this role, you should possess:

  • Qualifications & Education:
  •   - Bachelor's Degree in Accounting, Finance, or a related field (Master's preferred).
  •   - 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 (Total ETO, ZOHO, Sage 300).
  •   - Strong communication skills (written and verbal) in English; French & Arabic is an asset.
  • Experience:
  •   - Minimum 10 years of hands-on experience in accounting roles.
  •   - GCC experience is a must, with at least +5 years in Bahrain.

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