Sr. Accountant

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Kuwait International Laboratory, established in 1999 (LABCO), is the first locally owned, and is accredited by DAkkS Germany. LABCO provides third party quality control and assurance services through scientific analytical data for microbiological and chemical testing, along with, Total Quality Management Services, QMS - Consultations, Training and certifications for all categories of ISO.
LABCO accreditations and Good Laboratory Practices implementation, ensures that the prescribed process / high quality standards are adhered to for every test conducted, thus minimizing the possibility of errors to deliver near accurate and reliable results.
The role in brief:
Responsible for financial reporting, financial profitability analysis, maintaining the centralized revenue and expenditure accounts of the business units, general ledger accountability, and other special projects as assigned.
Your Responsibilities
Prepare asset, liability, and capital account entries by compiling and analyzing account information.
Summarize current financial status by collecting information; preparing balance sheet, profit and loss statement, and other reports.
Maintain financial security by following internal controls.
Prepare payments by verifying documentation and requesting disbursements.
Ensure accounting policies and regulations are adhered to; comply with local financial legal requirements by studying existing and new legislation, enforcing adherence to requirements, and advising management on needed actions
Prepare periodic reports
Understand operations to ascertain accounting needs and to recommend, develop, and maintain solutions to business and financial issues
Advise management about issues such as resource utilization, tax strategies (as applicable), and assumptions underlying budget forecasts
Handle the departmental accounting function and coordinate the completion of periodic financial reporting
Prepare statements and maintain accounting records
Cash reconciliation
Advise department head and managers on the use and source of funds
Maintain records of contracts and cost estimates
Advise on accounting matters and provide guidance/assistance to accountants
Assist in formulation of work measures to maximize efficiency and cost savings
Maintain records for internal and external audits
Your Qualifications
Bachelor's Degree in Accounting or Finance
Minimum 5 years of experience in Accounting in a supervisory capacity
Your Proficiencies
Communication Skills (written and verbal, in both English and Arabic)
Experience in a computerized accounting environment
Advanced MS Excel
Numerical and analytical skills#