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Accounting Officer

4 weeks ago

Kuwait City, Al Asimah HealthCare Dynamics Gen. Trading Company W.L.L Full time

The International University of Science & Technology in Kuwait (IUK) is a newly established private university located in the heart of Kuwait near the Avenues Mall. Fully accredited by the Private Universities Council (PUC), it offers a wide range of academic programs in Engineering, Business, and Arts and Social Sciences, along with a Foundation Program in English and Math.

IUK is seeking highly motivated and skilled professionals in the finance & accounting field.

Position Summary:

The Accounting Officer is responsible for maintaining accurate financial records and ensuring compliance with university policies, regulations, and standards. Responsibilities include processing payments, managing accounts receivable/payable, preparing financial reports, and supporting audits to promote financial transparency and health.

Responsibilities:
  • Ensure the integrity of financial data and compliance with accounting standards, university policies, and regulatory requirements.
  • Assist in developing and monitoring annual budgets, providing financial insights and recommendations.
  • Prepare accurate and timely financial reports, including income statements, balance sheets, and cash flow statements for management and stakeholders.
  • Create and process fee slips, bills, invoices, and manage collections.
  • Conduct financial analysis, variance analysis, and forecasting to support decision-making.
  • Coordinate and participate in internal and external audits, ensuring proper documentation and compliance.
  • Identify opportunities for cost control and efficiency improvements.
  • Ensure compliance with local tax regulations and manage tax-related matters.
  • Monitor and manage cash flow, providing recommendations for liquidity management.
  • Develop and update financial policies and procedures in line with best practices and regulations.
  • Maintain the university's general ledger, reconcile accounts, and ensure accuracy of financial records.
  • Utilize financial software and tools for efficient management and reporting.
Education:

Bachelor's degree in Accounting, Finance, or a related field. CPA or ACCA certification is a plus.

Experience:

3-5 years of progressive experience in financial accounting and management. Knowledge of Kuwaiti financial regulations and tax laws.

Technical Skills:

Proficiency in financial software and advanced Excel skills. Strong analytical and problem-solving abilities.

Behavioral Skills:

Attention to detail, high accuracy, ability to work under pressure, and problem-solving skills.

Languages:

Fluent in English and Arabic.

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