Purpose of the Job:
To maintain accurate financial records of Directors / Partners personal
accounts.
Duties & Responsibilities:
Maintain proper books of accounts as per Company policies and
procedures and ensure the books of accounts present true and fair
view.
Responsible for collection of rents and other personal income of the
Partners / Directors.
Ensure timely payments of telephone, utility bills, school fees and other
expenses of the Partners / Directors.
Prepare and arrange the processing of personal payments as per
instructions of Partners / Directors.
Arrange to deposit all the receipts (cash/cheque) in respective bank
accounts and keep track of recurring receipts.
Present monthly credit card statements for review by respective Partner
/ Director and arrange for payment as per respective due date.
Coordinate with banks for loan/interest payments and
placement/renewal of fixed deposits.
Arrange for (withdrawal/exchange) of local and foreign currency as per
requirement of Partners / Directors.
Prepare and maintain schedule of borrowing facilities, record interest
cost in respective reporting period and charge to related activity/venture.
Prepare receipt and payment vouchers to record the related accounting
entries.
Ensure all the transactions of income and expenses are posted in
respective reporting month.
Ensure all the accrual entries are posted appropriately before the
closing of each reporting month.
Maintain proper books of accounts of all the personal businesses and
companies being incorporated in Bahrain and out of Bahrain.
Co-ordinate with other finance team members and with tax and legal
consultants; ensure compliance with applicable laws and regulations of
the respective jurisdictions.
Prepare updated bank position on daily basis and reconcile the bank
accounts. Prepare bank reconciliations for all banks on 10 th of the following month.
Prepare and reconcile personal accounts on monthly basis, on or before
5 th of each month.
Prepare monthly accounts of all the personal business/ventures and
annual accounts following the close of financial year.
Other responsibilities as and when assigned.
Authority:
Issue receipts of payments from tenants.
Monthly & Yearly Reports:
Bank reconciliations, 10th of the following month.
Monthly accounts, 5th of each month.
Annual accounts, within 30 days following the close of financial year.
RequirementsQualification
BS in Accounting or equivalent
Work Experience:
Possesses sound experience in the field from repute organization and have a
thorough understanding of the business and accounting policies.Good knowledge of the Organization’s industry and accounting policies &
procedures.
Strong understanding of accounting aspects like balance sheets & cash flow management.
Hands-on experience in handling MS Word, Excel, Outlook, Teams, and PowerPoint.
Adaptability and flexibility