Accounting Manager

Accounts Manager Job descriptions and Responsibilities

• Managing daily activities of the Accounting Department as per the Accounting and Audit standards.
• Responsible for all activities in Accounts Payable, Accounts Receivable, Treasury, and General Ledger (G/L) sections.
• Verify and approve invoice preparation and submission processes to various clients and ensure they are submitted promptly and correctly.
• Deal with internal auditors and provide the required information within the deadline.
• Attend client queries related to the receivable section and take necessary actions to resolve and provide feedback to the client without delay.
• Verify and approve accounts payable transactions and post the entries in the system.
• Verify agency agreements and ensure invoices are paid as per the terms in the agreement.
• Verify vendor payments and ensure the correctness of payments with all related supporting documents.
• Responsible for all government and tax payments (VAT, withholding tax, etc.).
• Ensure all payments are made as per the authority matrix approved by management.
• Verify and approve employee advance requests, business advances and their reconciliation, and ensure that they are paid promptly.
• Post all accounting transactions in the system.
• Verify accrual entries and post them in the GL.
• Responsible for periodical closing of all books of accounts within the monthly deadline.
• Analyze the trial balance and reconcile with the budget, making the necessary entries.
• Responsible for the year-end closing procedure.
• Conduct yearly audit and provide all related information to the external auditor.
• Review the monthly closing of financial accounts and check the correctness of the entries.
• Evaluate internal control systems and procedures to highlight shortcomings and implement recommendations.
• Prepare costing for client proposals and contracts for B2B and B2C.
• Review the costing structure on a regular basis and ensure that all relevant costs are included.
• Review contracts with a detailed understanding of pricing and terms.
• Provide guidance to accountants in all areas such as treasury, accounts payable, accounts receivable, fixed assets and general ledger.
• Perform all related tasks assigned by the Finance Director.