Chief Accountant – Kuwait


The Chief Accountant is responsible for the accuracy of the accounts, he is the main auditor for the company Trial Balance, P&L, as well as other Government related financial declarations.


Roles:

  • Performs the yearly reconciliation of the statement of account between the company and different suppliers.
  • Forecasting of the Company Cash-flow
  • Checks Bank reconciliation.
  • Checks Cash reconciliation to guaranty the accuracy of the cashier’s operations.
  • Prepare the report about Accrual Charges and Prepaid Charges (Insurance, Rent, etc.)
  • Performs Asset Depreciation on Company cars and vehicles, generators, machineries, furniture, etc.
  • Audits the consolidated daily journal and verifies daily transactions consisting of: daily supplier invoices, returns and credit notes, daily client and Franchise invoices, returns and payments, daily cash sales (taxable & nontaxable), daily bank deposit receipts, daily Visa & Master Card sales with their corresponding bank deposits, daily ticket resto, etc…
  • Audits and controls daily returns from franchises, including validation of quantities of each item returned, discount granted, etc… vis-à-vis each franchise.
  • Monitors, validates and reports each franchise balance of accounts every ten days, as well as their commission invoices every month.
  • Oversees JV entry of monthly salary as per Payroll processing, and insurance JV entry after validating with previous year.
  • Monitors discounts obtained from suppliers either agreed upon ones (monthly regular discounts) or occasional ones (exclusivity contracts, marketing contributions, etc…).
  • Validates accounts payable due to creditors, such as suppliers or banks, and to all governmental agencies, such as NSSF and Ministry of Finance.
  • Supervises the proper implementation of VAT requirements on all JVs and ensures NSSF JV entries once every trimester.
  • Prepares government related financial reports such as (R5 and R10)
  • Validates daily bank deposits and receipts, as well as bank statement reconciliations.
  • Maintains proper documentation and filing for all effected transactions.
  • Maintains records of other assets subject to amortization in sufficient detail to allow the periodic recording of appropriate amortization.
  • Ensures that past due receivables status is promptly brought to the attention of management.
  • Performs other duties pertinent to this job as assigned.

 

  • Provides services related to governmental procedures and requirements to employees.
  • Builds solid relations with all departments to help optimize the time needed to accomplish tasks.

 

  • Manages, organizes and updates relevant data on Al Dhow information system in order to ensure continuous availability of correct data.
  • Collects, stores and maintains data related to Personnel issues in order to ensure accurate documentation of information.
  • Prepares staff turnover reports (New Comers, Leavers and total headcount).
  • Keeps abreast with new governmental policies and procedures in order to provide guidance and support to all departments allowing them to benefit from the latest and most adequate services.

Job Details

Posted Date: 2020-01-14
Job Location: Al Kuwait, Kuwait
Job Role: Accounting and Auditing
Company Industry: Food Production

Preferred Candidate

Career Level: Management
Nationality: India; Jordan; Lebanon; Philippines
Degree: Bachelor’s degree

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