Assistant Accounts Manager - Finance - Kuwait

Job no: MRF11662
Location: Kuwait
Kuwait Head Office
Finance
Our multi-disciplined finance teams support and improve business performance
while maintaining effective and robust control. We have teams working within
our retail divisions; reviewing financial performance, identifying trends,
spotting opportunities and supporting business planning and decision making.
In our Central Finance Team, business performance is recorded, reported and
analyzed on a monthly, quarterly and annual basis. Finance staff also play an
active role in the review and enhancement of business processes and technology
usage.
Role Profile:
Monitor and oversee accounting functions and transactions. Ensure internal
controls are implemented within policy and procedure and accounting standards,
and appropriate external requirements/liaison. Supervise and guide assigned
team to meet deadlines and department objectives.
The below Key Performance Areas include but are not limited to:
Review and verify the work of assigned team of Accountants. Ensure the
accuracy and integrity of transactions and financial information.
* Communicate and allocate work requirements, priorities, expectations, and responsibilities. Guide/train team members on work procedures and systems.
* Motivate team members to create a productive and cordial atmosphere that meets deadlines and achieves objectives.
Monitor standards and timely production of reports generated by the
Accountant team.
* Undertake analysis of/consolidation of reports, producing summary reports and analysis for higher management, internal/external Audit, Suppliers, Banks, and Customers.
* Update financial records from physical inventory Reports/reconciliation.
* Produce other specific or adhoc reports as required.
Gather information and act as authorized to initiate cash flow and funds
availability requirements according to standing orders including (payments
calendar), budgets, history (patterns of expense) and specific
requirements.
* Monitor inflow/outflow of liquid cash (sales, collections, floats) ensuring compliance with policies/procedures for cash handling and security.
* Undertake/supervise all related bank reconciliation.
Maintain CAPEX database by country by location. Monitor expense movements
against budgets and reports variance.
* Arrange funds to suppliers as per contracts.
* Produce financial progress report for Project Team.
* Resolve issues relating to payments/approval as per Company Policy/Procedures and budgets.
Knowledge:
* Degree / Post Graduate in Accounting.
* Financial, Commercial & Islamic regulation.
* Retail Business operations.
* Automated Business systems.
Experience:
* ‎5 -‎7 years in a medium - to - large enterprises accounting environment.
Additional role requirements and skills:
* Accounting and Analytical skills.
* Advanced PC / MS Office package skills.
* Interpersonal skills.
* Cross - functional communication skills.
* Thorough knowledge of accounting standards and practices.
* Finalization of accounting for monthly, annual closing and audit.
* Ensure company operates in accordance to all local country law requirements and with international accounting standards.
* Good understanding of tax norms and ensure to meet tax deadlines.
About Us:
Alshaya Group is a dynamic family-owned enterprise which was first established
in Kuwait in ‎1890. With a consistent record of growth and innovation, Alshaya
Group is one of the world 's leading brand franchise operators, offering
customers an unparalleled choice of well-loved international brands,
including: Starbucks, H&M, Mothercare, Debenhams, Cos, American Eagle
Outfitters, P.F. Chang's, The Cheesecake Factory, The Body Shop, M.A.C,
Victoria's Secret, Boots, Vavavoom, Pottery Barn and KidZania.

Alshaya Group's portfolio extends across MENA, Russia, Turkey, and Europe,
with thousands of stores, cafes, restaurants and leisure destinations, as well
as a growing online and digital business.

Operating in multiple sectors including Fashion, Food, Health & Beauty,
Pharmacy, Home Furnishings and Leisure & Entertainment, Alshaya Group
colleagues are united by a commitment to delivering great customer service and
brand experiences.

Fresh, modern, and relevant, Alshaya's constantly evolving retail portfolio
reflects the choices and lifestyle of its customers. From flagship stores and
restaurants in prestige malls, to local coffee shops, drive-thrus and online,
Alshaya Group brings customers the brands they love in the places they want to
be.
Advertised: ‎04 May ‎2023 Arab Standard Time
Application close: ‎03 Jun ‎2023 Arab Standard Time