Report To: Advisor – Accounting Advisory Services
Key Responsibilities
The Associate Advisor – Accounting Advisory Services is responsible and accountable for performing day-to-day processing of clients’ accounting transactions, ensuring that all their accounts are up-to-date, accurate and effectively maintained in line with company’s accounting policies & procedures and International Financial Reporting Standards (IFRS).
Policies & Procedures
• Implement the approved policies & processes of the Accounting Advisory Services Department and comply with the Company’s other policies throughout all daily activities.
Accounting Advisory Operations
• Conduct meetings with company’s clients on a continuous basis and as required to obtain information regarding the clients’ business requirements, nature of services requested as well as to collect initial requirements from the clients to kick-off the project.
• Receive and review daily sales transaction from clients’ stores/business outlets; post daily sales by recording cash, checks, credit card transactions, and compute charges & refunds.
• Record all accounting entries of the clients’ accounts payable in accordance with the International Financial Reporting Standards (IFRS) and company’s accounting policies & procedures.
• Process all incoming payments from account receivables of the clients, post month-end closing revenue by verifying and entering the transactions and adjusting entries to account receivables Master file related to the client.
• Reconcile the accounts receivable ledger to ensure that all payments are accounted for & properly posted as well as record daily reconciliation of payments posted into the accounting system with the bank statement.
• Conduct periodic reconciliation of petty cash and maintain a record of all payments made on behalf of the client.
• Prepare monthly bank reconciliations and recommend adjustments to be made to accounts where applicable.
• Prepare and enter direct journal entries on behalf of the clients related to accounts payable, accounts receivable, fixed assets, etc. to the General Ledger accounts and obtain approval from the Direct Manager.
• Perform General Ledger reconciliation with sub ledgers (all accounts and records will be reconciled to the General Ledger) on monthly and annual basis.
• Provide all key information and data required such as bank statements and other important documents to be uploaded in the accounting system.
• Ensure timely posting of sub-ledgers and all period end transactions in accordance with the month end closing procedures
Reports
• Assist in providing analysis and summaries of information as directed ensuring key issues are brought to the attention of the client as well as prepare recommendation reports to the clients highlighting issues being faced by them alongside resolutions to these issues.
• Perform any other tasks & additional responsibilities as assigned by the Direct Manager.
Job Details
| Posted Date: | 2022-02-17 |
| Job Location: | Al Kuwait, Kuwait |
| Company Industry: | Recruitment & Employee Placement Agency; Accounting; Financial Services |
Preferred Candidate
| Career Level: | Mid Career |
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