· Preparing Financial Plans, Budgets and Forecasting along with monitoring and reporting.
· Structured & developed the charts of accounts, and built up TB, P&L & BALANCE SHEET.
· Administering Finance Department performance, setting goals and objectives, and designing framework for achieving those goals; sharing ideas with management on how to improve efficiency in order to enhance organizational growth.
· Administering the practicing of all Accounting Modules (Banks, Assets, Receivables, Inventory & Payables) and related reconciliations, besides monitoring all necessary controls required for each.
· Performing cash flow forecasting.
· Conducting internal audit on all transactions by analyzing and investigating the fulfillment & completeness of internal controls over all processes (Daily Cash Collection/Deposit, Sales Ordering, Revenue recognition, Purchasing, Petty Cash handling, Inventory Management, & Receivables Management), and taking necessary remedy actions when needed.
· Engaged in reviewing & approving payments.
· Reviewing monthly payroll, and guiding HR & Accountants in the preparation and closing of payroll.
· Developing quarterly & year-end audit reports besides managing full auditing with Auditing Firms.
· Responsible for the management and supervision of the financial operation in accordance with current policies, regulations and directives as mandated by Generally Accepted Accounting Practices (GAAP), US Government Cost Accounting Standards (CAS), US Federal Acquisitions Regulations (FAR).
· The mission responsibilities include management, monitoring and control of a variety functional areas to include Budgeting, Forecasting, Project Accounting, Project Controls, Payroll, Accounts Payable, Billing, Cash Flow Management, GL Account Reconciliations Financial Statements Preparation & Reporting, including those required to support contingency plans, budgeting and analysis of cost growth or under-runs.
· Establish, control, and conform to approved financial budget for accounting and financial operations.
· Develops strategic business plans and forecasts. Provides analysis on the financial status of the contract. Prepares and is responsible for the preparation of cost proposals and budget reviews.
· Interfaces with multiple internal and external auditors. Ensures adherence to GAAP and FAR requirements. Interface with Contracts and Government representatives on day to day invoicing/billing issues/concerns.
· Interfaces with HQ concerning their requirements.
· Responsible for completion of monthly financial closing.
· Responsible for monthly Earned Value Management System (EVMS) reporting in accordance with standard formats.
· Oversees and reviews monthly detailed analysis of general ledger accounts to include all income statement and balance sheet accounts.
· Provides oversight for payroll, accounts payable, general ledger and billing activities.
Ensures accounting records are balanced and accurate. Ensures the general ledger is reconciled to the cost ledger on a monthly basis.
· Ensures compliance with Cost Accounting Standards. Ensures compliance with the Sarbanes-Oxley Act.
· Maintains financial project orders and work instructions, developing new ones as required.
Responsible for the development of quarterly Estimate at Complete (EAC) updates in support of Revenue Recognition.
· Ensures the timely and accurate completion of deliverables. to include annual forward pricing program fringe rate proposals, bi-weekly OT Forecasts, Quarterly OT Forecasts and related monthly analysis, monthly IPMR CDRL submission, monthly/quarterly CFSR CDRL submission, and quarterly financial statement program representation letter and transaction disclosure checklist review and approval.
Job Details
| Posted Date: | 2019-09-24 |
| Job Location: | Al Kuwait, Kuwait |
| Job Role: | Accounting and Auditing |
| Company Industry: | Sales/IT/SW |
Preferred Candidate
| Career Level: | Management |
| Nationality: | United Arab Emirates; Bahrain; Djibouti; Algeria; Egypt; Iraq; Jordan; Comoros; Kuwait; Lebanon; Libya; Morocco; Mauritania; Oman; Palestine; Qatar; Saudi Arabia; Sudan; Somalia; Syria; Tunisia; Yemen |
| Degree: | Bachelor's degree |
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