More jobs:
Accountant; AP/Assets
Job in
Kuwait City, Kuwait
Listed on 2026-10-28
Listing for:
Confidential
Full Time
position Listed on 2026-10-28
Job specializations:
-
Accounting
Financial Reporting, Financial Analyst
Job Description & How to Apply Below
Key responsibilities
Accounts payable
- Process supplier and subconsultant invoices through three-way matching (purchase order/agreement, goods receipt note or work certification, and invoice) and resolve exceptions with the procurement and project teams.
- Record retentions, advance payments and recoveries on subconsultants accounts correctly.
- Maintain the vendor master with purchase/procurement: new vendors, bank details changes and duplicate checks, with independent verification of bank changes.
- Prepare monthly payment proposals by due date and priority; reconcile with Treasury after each payment run.
- Reconcile supplier statements monthly and clear disputed and unmatched items.
- Book month-end accruals for goods and services received not invoiced and reconcile the AP sub-ledger to the GL.
- Prepare AP ageing reports monthly and cash requirement forecasts for management.
- Maintain the fixed asset register (FAR) in the ERP and reconcile it to the GL monthly.
- Review additions against the capitalisation policy and IAS 16.
- Track capital work in progress (CWIP) and transfer completed items to the correct asset class on time.
- Run monthly depreciation and review useful lives and residual values annually.
- Record disposals, write-offs and transfers between entities, sites or projects with proper approvals.
- Coordinate annual physical verification and asset tagging; investigate and resolve variances.
- Maintain IFRS 16 right-of-use assets and lease liabilities for leased offices and equipment.
- Flag impairment indicators under IAS 36.
- Complete AP and fixed asset close tasks to the closing calendar.
- Post related-party transactions accurately and prepare monthly related-party reconciliations for all group entities, investigating and resolving any differences on a timely basis.
- Prepare audit schedules (AP listing, FAR, lease schedules) and answer auditor queries.
- Uphold segregation of duties and identify process improvements and automation opportunities.
- Bachelor's degree in Accounting or Finance.
- 5–7 years' experience in AP and fixed assets, at least 3 years in the GCC.
- Working knowledge of GCC VAT, IAS 16, IAS 36 and IFRS 16.
- Experience in AEC, contracting, or projects-based businesses preferred.
- Part-qualified CA, CMA, ACCA or CPA preferred.
- ERP experience (Microsoft Dynamics / Oracle / SAP) including AP and FA modules.
- Advanced Excel and strong reconciliation skills.
- Effective with Procurement, project and supplier contacts.
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