JOB ROLES & RESPONSIBILITIES
PAYROLL
• Receives and maintains advice from the HR and Administration department concerning
Employee compensation and leave for the payroll process.
• Ensures that proper deductions are made from payroll each month for outstanding dues from employees regarding advances, leave, etc.
• Processes salary payments and reconciles payroll clearing accounts.
• Coordinates with HR and Administration department regarding new and resigned/terminated employees.
• Computes end-of-service payments for resigned or terminated employees.
• Prepares payroll reports regarding wages, benefits, deductions, etc., as requested.
PAYMENTS
• Matches original invoices and requests for payments with internal purchase orders 0r cheque
requests.
• Prepares payment vouchers and initiates bank transfers, establishing the nature of payment
and the accounting entries along with the supporting documents.
• Verifies and posts daily all payment entries for accuracy, classification, and
authorization regarding the supporting documents.
• Authorizes Payment Action Memo for releasing payments to suppliers.
• Verifies the appropriate approval in respect of expenditure for which the payment is made.
• Verifies whether the payments being processed are in compliance with budget and appropriate approvals are obtained for excesses if any.
• Reviews the daily corporate cash position and prioritizes payments based on such positions
and assists the Finance Controller — Finance and Accounts for financial planning.
• Verifies the accounts payable aging report regularly to ensure payments are accurate and are not over-due.
• Updates suppliers on the status of payments.
• Reviews vendor statements periodically to ensure past due items are resolved in a
timely manner.
• Creates new vendor accounts, under the direction of the Finance Controller— Finance and
Accounts.
• Obtains acknowledgment of receipt from the individual collecting the cheque.
SETTLEMENTS
• Passes accounting entries and prepares Payment vouchers for treasury and investment-related deals.
• Prepares documentation required for the settlement of treasury and investment deals.
• Prepares and sends counterparty confirmations for treasury deals.
• Posts entries for interest and dividends earned or accrued on treasury deals and investments.
• Ensures share certificates for investment deals are received and transferred for safe custody.
ADMINISTRATIVE
• Assists the Finance Controller- Finance and Accounts in month-end closing procedures.
• Maintains documentation in a safe and secure area.
• Follows policies and procedures in all tasks performed by subordinates and performs other duties, as assigned, to meet business needs.
GENERAL ACCOUNTING
• Maintains the General Accounting and all related accounts with proper documentation and records of all transactions.
• Extracts and reviews General Accounting trial balance at month-end and ensures that control
accounts in the General Accounting agree with subsidiary ledgers.
• Implements month-end and year-end closing schedule of the General Accounting, as
well as the preparation of any month-end and year-end journal entries and adjustments.
• Records all transactions in the systems as per journal vouchers have been prepared and the
The appropriate authorization has been obtained.
• Accounts for revaluation adjustments of investments based on reports received from the operations division.
• Provides for all accrued expenses and payables.
• Maintains and updates the Fixed Asset Register and passes necessary depreciation entries.
• Prepares and processes accounting entries necessary for closing the books of account, with approval from the Finance Controller— Finance and Accounts.
• Performs reconciliation of all bank account balances every month.
• Prepares the monthly trial balance, ensuring the accuracy and completeness of account
balances
• Records all cash receipts and bank credits.
BUDGETING
• Provides assistance in the consolidation of the company's business plans and budgets.
• Conducts and coordinates financial, operational, and other related research to support the company's strategic and business planning.
• Compiles financial information from all components of the organization and develops integrated analyses, projections, reports, and presentations to finalize the budget.
• Consolidates subsidiary budgets with the holding company's budget.
MIS REPORTING
• Prepares various MIS reports at agreed frequencies, as required by management.
• Coordinates with other departments and subsidiary company employees to obtain necessary information for the purpose of preparing the required/requested reports.
• Prepares preliminary variance analyses after preparing actual budgets and forwards to the Finance Controller- Finance and Accounts for review.
Job Details
| Posted Date: | 2021-10-19 |
| Job Location: | As Salimiyah, Kuwait |
| Job Role: | Accounting and Auditing |
| Company Industry: | Medical Clinic |
Preferred Candidate
| Career Level: | Mid Career |
| Degree: | Bachelor's degree |
To apply for this job click here
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