To analyze, process and maintain Company’s financial transactions and records ensuring compliance with approved accounting standards and procedures. Assists in preparing budgets, financial reports and financial analysis, and in coordinating with external parties such as government departments, banks, auditors, GSAs and suppliers in order to facilitate function-related work as per Air Arabia adopted policies and procedures.
Key Result Responsibilities
- Maintains accounting controls and financial security throughout all the transactions carried by auditing documents, adhering to the approved policies and procedures, and alerting the manager with any abnormalities or discrepancies noticed.
- Ensures the accuracy and correctness of all financial entries carried by him/her in the SAGE X3 in conformity with recognized financial dimensions. Documents financial transactions by entering account information.
- Handles all the fuel vendors’ invoices and queries timely and accurately; posts the invoices for approval in line with adopted procedures; interacts with users from other departments whenever necessary to resolve issues and obtain approvals and process timely payments without any delays.
- Executes all assigned accounts Debit Notes/Credit Notes ensuring timely and accurate posting to cost elements in Sage X3 system.
- Ensures that fuel price notifications are received from all the fuel suppliers in a timely manner, are reviewed with contractual terms and highlight to Manager Management Accounts for any discrepancies, fuel prices are updated in the system.
- Monitors the flow of activities with outsource service providers and ensures all invoices are posted on a timely basis and addresses issues if any for remedial actions; maintains and communicates the procedural manual to the service providers.
- Ensures all the Bank Guarantees received from Fuel Suppliers are renewed as per agreed terms and timeframes in line with Company’s procedures.
- Reconciles financial discrepancies by collecting and analyzing accounts information for the general accounts such as suppliers on a monthly basis including Supplier Balance Reconciliations.
- Reviews all fuel related cost accounts before monthly and annual closing by compiling all related information.
- Reviews non-technical costs areas and statements with respective departments with objectives for cost reduction; reviews actual expenditure to prepare budgets accordingly.
- Prepares special financial reports periodically such as the MIS Reports by collecting, analyzing, and summarizing account information and trends. Secures financial information by completing database backups.
- Coordinates with external auditors on schedules to facilitate their audits and ensure smooth inspection as per instructed by his/her seniors.
- Maintains supplier confidence and protects operations by keeping financial information confidential.
- Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications and establishing personal networks.
- Contributes to team effort by accomplishing related results as needed.
Qualifications (Academic, training, languages)
- Bachelor degree in Accounting / Finance/ Commerce or equivalent from a recognized university.
- Professional qualification as an Accountant is an advantage.
- Proficient in Microsoft Office- Advanced Excel, Access, Word, Power Point skills, Internet and Web Search.
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