Senior General Accounting for Al Ahli Bank of Kuwait

Senior General Accounting for Al Ahli Bank of Kuwait

GENERIC ACCOUNTABILITIES
Divisional strategy: Contribute to divisional strategy through aligning activities with divisional strategy and business plans.
Policy & Processes: Define and implement ABK Egypt divisional policies, processes and structures.
Corporate governance: Ensure all divisional activities comply with corporate governance & regulatory/legal frameworks.
Risk management: Identify, manage, mitigate and report on risk and potential risk in divisional activities.
People management: Manage, motivate, coach and develop individual employees and the team in line with ABK people policies & practices. Communicate operational procedures.

SPECIFIC ACCOUNTABILITIES:
General Ledger, Core Banking Support and Procure to Pay Owner
Managing the integrity of the Bank General Ledger; ensure new products, account types, and accounting treatment are accurately and correctly accounted for
Ensure that the Bank revenue is accurately calculated ensuring that no income is foregone and is accurately reflected on the bank’s financial statements.
Review/approve suspense accounts, accounting journals and 3rd party contracts.
Lead on the accurate implementation on core bank solution to ensure that the proper accounting cycles are reflected.
Design, test and implement all new requirements for financial implicated process.
Lead, manage and organize 6 quarter ends and 2-year ends ensuring smooth trial statements production.

Expense Control
Expenses and Expenditures Management through reviewing the effectiveness of expenses incurred, challenging the rates of which items are purchased and ensuring that expenses are within approved budgets.
Assist in purchase acquisition decision making process through the active engagement in procurement committees.
Direct the payment to 3rd party suppliers ensuring proper authorization are in place and avoid duplicate payments.
Responsible for managing the requirements of tax authorities and other regulatory bodies in addition to internal control areas ensuring the avoidance of fraud.

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Tax Management
Ensure that the Bank is protected from tax claims through the proper deduction and payment of value added tax.
Manage the deduction and prompt payment of the withholding tax avoiding any financial penalties.

Financial Reporting
Ensure accounting policies and practices of ABK Egypt are accurately reflected on all systems.
Manage the year end closing process to ensure accurate and timely trial balance.
Develop and maintain accounting policies and procedures.
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