Senior Manager - Accounts and Finance - Kuwait
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Job no: MRF13464
Location: Kuwait
Kuwait Head Office
Finance
Our multi-disciplined finance teams support and improve business performance while maintaining effective and robust control. We have teams working within our retail divisions; reviewing financial performance, identifying trends, spotting opportunities and supporting business planning and decision making. In our Central Finance Team, business performance is recorded, reported and analyzed on a monthly, quarterly and annual basis. Finance staff also play an active role in the review and enhancement of business processes and technology usage.
Role Profile:
Ensures planning, managing, and implementing Financial, Taxation, Accounting & supports key IT Projects to drive the Financial Accounting and Compliance processes in Middle East Countries to achieve strategic goals of the business.
Ensures that International accounting standards are followed and provide financial guidance and support through an in depth understanding of business fundamentals, competitive landscape, and implications on current strategy.
Key Performance Areas:
- Ensures books of accounts are maintained and supports regular reporting as per Alshaya Calendar as well as Statutory Requirement.
- Create, Review & Controls master data management in Oracle relevant to carry out day to day accounting for various entities.
- Maintains and suggest improvements in financial systems and workflow by ensuring that the businesses processes are in line with best practice and accounting standards.
- Analyzing existing accounting procedures/ systems and restructuring them to attain optimum efficiency levels.
- Provides training and impart regular guidance to team for various processes impacting KFR, Statutory Accounting & Compliances.
- Responsible for accounting & reporting of various investments into Joint Ventures, Business Acquisitions & strategic funds.
- Work in conjunction with Tax Consultants so that all accounting transactions are complying to Corporate Tax, Zakat, and other statutory requirements, including VAT, GST, Excise Tax, WHT, Corporate Tax and Thin Capital.
- Ensures that all monthly compliances with respect to Tax Returns, Tax Payments and statutory update to management is provided with due date.
- Facilitate Tax Inspections carried by various tax authorities and ensuring desired Documents, Reports, Explanations are provided well with desired time.
- Represents Finance Team for various IT Projects such as Phoenix / Non-Phoenix to ensure project roll out is seamless meeting all Finance Requirements post successful completion of project.
- Provide inputs, guidance, leading User Acceptance Test, and co-ordinates with various IT Project Management team to ensure that Finance & Accounting Framework is maintained or enhanced.
- Ensures that Inventory Accounting processes are accurate and interacts regularly with Brand team as well as IT Team for improvements.
- Work with External Auditors for the year-end closing by ensuring the requested information is based on Audit Standards set by the company.
- Supports Internal Audits involving review of accounting and administrative controls and implement changes advised by Internal Audit team for better controls.
- Regular support to cross-functional teams to meet their various Reporting & Compliance Requirements.
- Maintain Close C-ordination with Group to provide financial information and resolve queries to support Group’s Consolidation Requirement
- Undertakes review of business performance, monthly financials, and various Management Reports as and when required
- Support Treasury, Business Team, and Planning team for Working Capital Management.
- Closely work with Business team to resolve pending queries and provide solutions to resolve them.
Education : Bachelor of Commerce / Accounting + CA or ACCA or CPA
Age : 35 to 45
Language : English & Arabic (Read / Speak)
About Us:
Alshaya Group is a dynamic family-owned enterprise which was first established in Kuwait in 1890. With a consistent record of growth and innovation, Alshaya Group is one of the world’s leading brand franchise operators, offering customers an unparalleled choice of well-loved international brands, including: Starbucks, H&M, Mothercare, Debenhams, Cos, American Eagle Outfitters, P.F. Chang’s, The Cheesecake Factory, The Body Shop, M.A.C, Victoria’s Secret, Boots, Vavavoom, Pottery Barn and KidZania.
Alshaya Group’s portfolio extends across MENA, Russia, Turkey, and Europe, with thousands of stores, cafes, restaurants and leisure destinations, as well as a growing online and digital business.
Operating in multiple sectors including Fashion, Food, Health & Beauty, Pharmacy, Home Furnishings and Leisure & Entertainment, Alshaya Group colleagues are united by a commitment to delivering great customer service and brand experiences.
Fresh, modern, and relevant, Alshaya’s constantly evolving retail portfolio reflects the choices and lifestyle of its customers. From flagship stores and restaurants in prestige malls, to local coffee shops, drive-thrus and online, Alshaya Group brings customers the brands they love in the places they want to be.
Advertised: Arab Standard Time
Application close: Arab Standard Time
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