Accounting Officer

IUK; Kuwait; On-site; KWD 15,000 - 30,000; Full time

Job summary

The International University of Science & Technology in Kuwait (IUK) is seeking an Accounting Officer responsible for ensuring compliance with regulations, maintaining financial records, and preparing financial reports. This role involves developing budgets, conducting audits, and identifying cost control opportunities. Candidates should have a Bachelor's degree in accounting or finance and 3-5 years of relevant experience, with proficiency in financial software and strong analytical skills.

Qualifications

• CPA or ACCA certification is a plus.
• 3-5 years of progressive experience in financial accounting and management.
• Knowledge of Kuwaiti financial regulations and tax laws.

Responsibilities

• Maintain accurate financial records and ensure compliance.
• Prepare timely financial reports including income statements and cash flow statements.
• Conduct financial analysis and assist in budgeting.
• Coordinate internal and external audits.

Skills

Analytical skills

Problem-solving

Attention to detail

Education

Bachelor’s degree in accounting, Finance, or a related field

CPA or ACCA certification

Tools

Financial software

Advanced Excel

Job description

The International University of Science & Technology in Kuwait (IUK) is a newly established private university in Kuwait, with a new Campus located in the heart of Kuwait near the Avenues Mall. Fully accredited by the Private Universities Council (PUC), the University offers a wide range of academic programs in Engineering, Business, and Arts and Social Sciences. In addition to the academic programs, the IUK has established the University Foundation Program (UFP) that offers English and Mathfoundation programs.

IUK is seeking a highly motivated and skilled professionals in the finance & accounting field.

Position Summary:

The Accounting Officer is responsible for maintaining accurate financial records and ensuring the university’s financial transactions comply with policies, regulations, and standards. This role involves processing payments, managing accounts receivable/payable, preparing financial reports, and assisting with audits to support the financial health and transparency of the university.

Responsibilities:

Ensure the integrity of financial data and compliance with accounting standards, university policies, and regulatory requirements.

· Assist in developing and monitor annual budgets, providing financial insights and recommendations.

· Prepare accurate and timely financial reports, including income statements, balance sheets, and cash flow statements, for university management and stakeholders.

· Creating and processing fees slips, bills, invoices and collection of payments

· Conduct financial analysis, variance analysis, and forecasting to support decision-making and financial planning.

· Coordinate and participate in internal and external audits, ensuring proper documentation and compliance with audit findings.

· Identify opportunities for cost control and efficiency improvements in university financial operations.

· Ensure compliance with local tax regulations and manage tax-related matters.

· Monitor and manage cash flow, making recommendations for optimizing liquidity.

· Develop and update financial policies and procedures to align with best practices and regulatory changes.

· Maintain the university's general ledger, reconciling accounts and ensuring accuracy in financial records.

· Proficiency in financial software and tools for efficient financial management and reporting

Education

o Bachelor’s degree in accounting, Finance, or a related field. CPA or ACCA certification is a plus.

Experience

o 3-5 years of progressive experience in financial accounting and management.

o Knowledge of Kuwaiti financial regulations and tax laws.

Technical Skills

o Proficiency in financial software and advanced Excel skills.

o Strong analytical and problem-solving abilities.

Behavioural Skills

o Attention to detail and high degree of accuracy.

o Ability to work under pressure.

o Problem Solving.

Languages

English and Arabic fluent