Accountant - Cost

Job Purpose

To analyze, process and maintain company’s non-engineering/DSC financial transactions and records ensuring compliance with approved accounting standards and procedures. 

Assists in preparing budgets, financial reports and financial analysis, and in coordinating with external parties such as banks, auditors and suppliers in order to facilitate function-related work as per Air Arabia adopted policies and procedures.

Key Result Responsibilities

• Maintains accounting controls and financial security throughout all the transactions carried by auditing documents, adhering to the approved policies and procedures, and alerting the manager with any abnormalities or discrepancies noticed.
• Prepares and monitors the non-engineering/DSC financial entries to the Sage X3 ensuring accuracy and conformity with technical cost elements and recognized financial dimensions.
• Identifies errors for remedial measures and communicates accordingly. Documents financial transactions and maintains accounts information with timely entries and updates.
• Handles all the related queries timely and accurately and reviews against the SAGE X3 for invoice matching; posts the invoices for approval in line with adopted procedures; interacts with users from other departments whenever necessary to resolve queries and obtain approvals.
• Monitors and ensures review and control over the Accruals and Reversals in the SAGE X3; in addition, locates overdue accounts in Sage X3 and highlight to the Manager accordingly.
• Assists the manager in carrying out fixed asset entries and other postings.
• Executes bank transfers and cheques payments for suppliers; processes the bank charges post executing transfers and records the same in bank statement timely and efficiently.
• Posts amounts paid to vendor accounts in SAGE X3 ensuring all documents are processed and managed properly for easy accessibility and retrieval. 
• Reconciles Company’s  financial records and discrepancies including “Managers Cheques” and inter-departmental transactions by collecting and analyzing accounts information for the related accounts such as suppliers, banks, inter-company and Hubs on monthly basis.
• Prepares periodic special financial reports such as the MIS Reports and carries Ageing Analysis against SAGE X3 by collecting, analyzing, and summarizing account information and trends.
• Secures an up-to-date backup of all financial information.
• Reviews all cost accounts before monthly and annual closing by compiling all related information.
• Coordinates with external auditors on schedules to facilitate their audits and ensure smooth inspection as per instructed by his/her seniors. 
• Maintains customer confidence and protects operations by keeping financial information confidential.

Qualifications (Academic, training, languages)

• Bachelor degree in Accounting / Finance/ Commerce or equivalent from a recognized university.
• Professional qualification as an Accountant is preferred.
• Proficient in Microsoft Office- Advanced Excel, Access, Word, Power Point skills, Internet and Web Search.
• Fluent in English Language.

Work Experience

• 3+ years of comprehensive experience in corporate finance/accounting in a company operating on regional/ multinational level, preferably in Airlines Industry; a minimum of 2 years at least handling cost areas.
• Experience with low cost airline is an advantage.
• Sound knowledge of accounting cycle, process flow and procedures is a pre-requisite.
• Possesses comprehensive knowledge in accounting fundamentals and systems such as SFAS (Statements of Financial Accounting Concepts).
• Strong math and numerical reasoning ability and high accuracy are mandatory for this role.
• Familiar with formalities and pre-requisites associated with internal and external audits.
• Experienced in a computerized accounting environment is essential.
• Very good exposure on financial models and new technologies in the industry.
• Excellent financial, analytical and reporting skills.
• Capable of meeting deadlines without compromising quality of outcome.
• High attention to details, confidentiality, and ability to adhere to procedures and set measures are a must.