Payable & Fixed Assets Manager

2 days ago

Kuwait City, Al Asimah Al-Ahli Bank Of Kuwait Full time

Bachelor of Business Administration (Management)

Nationality: Any Nationality

Vacancy: 1 Vacancy

Job Description

Head of Financial Accounting & Control
Job Purpose

Manage the financial accounting function, ensuring the accurate preparation of financial reports and the execution of related activities by maintaining compliance with regulatory standards and enhancing financial processes.

Generic Accountabilities

  1. Corporate Governance and Compliance: Work fully within risk policies, procedures, and compliance regulations. Ensure all divisional activities comply with corporate governance and regulatory/legal frameworks.
  2. Policy & Processes: Define ABK and divisional policies, processes, and structures.
  3. Risk Management: Identify, manage, mitigate, and report on risks in divisional activities.
  4. Compliance: Work fully within ABK's compliance regulations and standards.
  5. People Management: Manage personnel in line with policies and best practices.
Specific Accountabilities
  • Manage vendor payments according to bank policies and prepare related accounting entries.
  • Prepare accounting entries for capitalization and depreciation of fixed assets; ensure proper posting.
  • Maintain and monitor the payment process, budgets, and expenditure proposals.
  • Review contracts to ensure compliance with expenditure policies.
  • Provide adhoc payment reports and expense reports for management.
  • Maintain records for withholding tax and prepare reports for Ministry of Finance submissions.
  • Ensure proper accrual of expenses for accurate financial reporting.
  • Maintain control over cheque books and payment records.
Job Success FactorsEducation

Bachelor's Degree or equivalent in Commerce, Finance, or Accounting.

Experience

Minimum 7 years in finance, preferably with CA/CPA/CMA certification. Experience in financial accounting roles within the banking sector.

Skills

Strong knowledge of systems, accounting management, banking processes, and internal controls. Effective expense control, accurate reporting, and automation skills. Proficiency in GL management.

Work Contact

Internal contacts include Dealing Room, GM-Treasury, Treasury Operations, IT, Finance Accounts & Planning, and Risk departments.

Company Industry
  • Banking
  • Broking
Department / Functional Area
  • Administration
Keywords
  • Payable & Fixed Assets Manager

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