Description
Established in the region for 40 years, PwC has around 8,000 people in 12 countries across the region: Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, the Palestinian territories, Qatar, Saudi Arabia and the United Arab Emirates. Our regional team operates across the Middle East bringing international experience delivered within the context of the region and its culture. We can bring the collective knowledge and experience of more than 328,000 people across the entire global PwC network in advisory, assurance and tax to help you find the value you are looking for.
Job Description & Summary
The Senior Accountant is responsible for overseeing and managing the financial operations of an organization. They provide strategic financial guidance, ensure compliance with accounting principles and regulations, and supervise the accounting team. The role involves financial analysis, budgeting, and forecasting, as well as financial reporting to stakeholders.
The Senior Accountant plays a critical role in decision-making processes, collaborating with other departments to optimize financial performance and mitigate risks. They also assist in establishing and maintaining internal controls, contribute to strategic planning, and provide recommendations for improving financial processes. Strong leadership, analytical skills, and expertise in accounting principles are essential for success in this role.
Key Responsibilities:
- Ensure completeness of the month-end and year-end close processes, ensuring adherence to deadlines and reporting requirements.
- Detailed review of the transactional activities recorded in the trial balance at a legal entity level and ensuring completeness, accuracy and the existence of balances.
- Adherence to the FC deadlines, ensure timely submission of the monthly commentary, checklists etc…
- Ensure the timely completion of the extended trial balance as per the deadlines of the statutory team and prepare the necessary deliverables for stat compliance (detailed schedules of specific GL codes,key reconciliations, tax schedules etc…)
- Compliance with local tax reporting requirements, including VAT, WHT, CIT, sales tax, payroll taxes etc…, and ensure timely payments and submission of returns in conjunction with Firm Tax guidelines.
- Collaborate with the Firm tax team and Tax LoS where applicable to address any tax-related queries, tax assessments or other issues.
- Review of tax assessments/audits and obtain approval from Country Finance lead prior to submission
- Conduct financial analysis to identify trends, risks, and opportunities for improvement.
- Provide insights and recommendations to the Country Finance Lead to assist in decision-making.
- Review of petty cash transactions, while ensuring accuracy and necessary reconciliation are maintained
- Oversee the accuracy and integrity of the general ledger, accounting entries, timely billing and reconciliations of key control and suspense accounts.
- Perform regular reconciliations and review journal entries to maintain accurate financial records.
- Monitor and manage cash flow, including cash position reports, cash movement between banks, and ensuring payment requirements are met.
- Collaborate with cross-functional teams, including financial controls, statutory reporting, procurement, and treasury, to ensure effective coordination and alignment of financial activities.
- Collaborate with LoS teams, including LoS finance to understand Net Investment, revenue and accounting for any events that took place
- Support internal and external audits, ensuring timely provision of required documentation and addressing audit findings.
- Coordinate and liaise with the external auditors on the localisation audits (where applicable), while highlighting any issues and areas of improvement to the ICV/Local Content team
- Coordinate with the payroll teams to ensure completeness of transactions and compliance of statutory payments (pension, payroll tax etc…)
- Approving payment proposals while ensuring compliance and meeting payment deadlines
- Coordination with other IFS functions on important compliance aspects, such as license renewals and certificates impacting the firm.
- Payroll reconciliation of salary tax to salary schedules to the tax authority
- Local regulatory reporting requirements SOCPA and CMA ADGMA must be responded to in an accurate and timely basis (avoiding penalties)
Optional Skills
Accepting Feedback, Accepting Feedback, Accounting Policies, Accounting Practices, Active Listening, Analytical Thinking, Balance Sheet Analysis, Budgetary Management, Cash Flow Analysis, Communication, Creativity, Embracing Change, Emotional Regulation, Empathy, Escalation Management, Financial Budgeting, Financial Close Process, Financial Data Mining, Financial Forecasting, Financial Management, Financial Policy, Financial Reporting, Financial Statement Analysis, Generating Financial Reports, Inclusion {+ 9 more}
Travel Requirements 0%
Available for Work Visa Sponsorship?
Yes
Government Clearance Required?
Yes
For further information, and to apply, please visit our website via the “Apply” button below.
