EMPREGO

Senior Accountant

Al Toobi New Enterprises-Muscat, Oman

Education & Experience:

  • Master's degree in Accounting, Commerce, Finance, or a related field.
  • Must have at least four (4) years of experience in F&B / Hospitality Industry
  • With a strong background in Accounts Payable and Accounts Receivable
  • Experience with bank reconciliation and accrual basis accounting

DUTIES & RESPONSIBILITIES:
1. Monitoring & Controlling Cost of Sales

  • Analyze ratio analysis for inventory, purchase, and cost of sales.
  • Support business profitability and growth by identifying and recommending cost analysis. Supervise, control and ensure all purchase entries into the system are in compliance with policy.
  • Perform all other related duties with monitoring and controlling cost of sales.
  • *Reports *include, but are not limited to: monthly LPO reconciliations, fortnightly and monthly supplier-age wise analysis

2. Overall Functions to Improve Internal Efficiency

  • Supervise and control indirect expenses.
  • Engage, control, and supervise the functions of expense payments.
  • Prepare audit schedules for final accounts.
  • Actively engage in monthly and yearly closings.
  • Make necessary entries for prepaid, unearned, and accrual.
  • Engage and control the functions of job costing and project accounting.
  • Perform all other related duties to improve internal efficiency.
  • Reports *include, but are not limited to: monthly utility comparative analysis, staff incentive report, and various analysis reports upon demand.*

3. ERP Implementation

  • To achieve successful implementation of an ERP system for Point of Sale (POS), Inventory, Accounts, Human Resources (HR) and Payroll, as well as Fixed Assets
  • Actively participate in updates and developments of the ERP system in accordance with the established timeline.

4. Overall Budgetary Functions:

  • Supervise and participate in the preparation of expense budgets for various areas such as Facility Maintenance, Expenses per outlet, Administrative and Office Overheads, HR budgets and purchase budget.
  • Responsible for performing other related duties pertaining to overall budgetary functions.
  • *Reports *include, but are not limited to: budget worksheets, Budget-Actual-Variance analysis, and flash reports

5. Overall Banking Functions:

  • Manage bank payments and receipts, perform daily bank reconciliation and maintain accurate record keeping of all banking transactions.
  • Communicate effectively with bank officials and ensure the highest level of confidentiality for all banking figures
  • Meet daily deadlines for all banking related tasks
  • *Reports *include, but are not limited to: daily bank reconciliation, cash flow, and forecasted inflow and outflow.

6. Supervising and Engaging in Receivable Functions:

  • Oversee the reconciliation of accounts receivable, including but not limited to: cash reconciliations, credit card reconciliations, and delivery service providers account reconciliations
  • Take appropriate action for collection of debts
  • Ensure compliance with IFRS requirements
  • Develop and implement a cash audit plan
  • Negotiate with food service providers to reduce commission charges
  • Perform regular cash and credit card audits
  • Develop and implement strategies to reduce cancellations and variations in cash and credit card transactions
  • Develop and implement cash deposit systems and processes, including time bond deposit plans and measures to prevent fraud and mistakes
  • Supervise and engage in all other related duties of the accounts receivable function.
  • *Reports *include, but are not limited to: variance analysis, schedule, cash and credit card audit reports

7. PDC Control

  • Control and Manage PDC (Post-dated cheque) Process
  • Enter PDC information into ERP system
  • Prepare PDC spreadsheets
  • Perform PDC reconciliations
  • Maintain cheque register
  • Supervise and engage in record keeping, including cheque cancelation records
  • Implement a false-proof forecast method to prevent cheque returns
  • Engage in PDC entry and all other related duties of PDC control
  • Meet daily deadlines for all PDC control tasks
  • *Reports *include, but are not limited to: daily/weekly/monthly PDC report, cheque register reports, cheque cancelation reports, and monthly PDC plan.
  • Ensure compliance with ISO standard documentation processes
  • Ensure compliance with IFRS in all accounting processes
  • Ensure compliance with internal audit functions established by the plan
  • Ensure compliance with interdepartmental and intercompany policies
  • Ensure compliance with external audit requirements
  • Ensure compliance with tax authority regulations
  • Ensure compliance with regulations set by local/government authorities
  • *Reports *include, but are not limited to: flash reports and reports as requested.

9. General Duties:

  • Actively engaging and supervising the reconciliation and schedule preparation for all accounts, including but not limited to:

  • Accounts payable and related party transactions, rent ac