Senior Accountant

SOS HR Solutions; Kuwait City; On-site; KWD 12,000 - 15,000; Full time

Job summary

A leading recruitment agency is looking for a detail-oriented Senior Accountant to manage financial records and ensure compliance with accounting standards in a retail environment. The ideal candidate will have experience in retail finance, excellent analytical skills, and proficiency in accounting software. Responsibilities include preparing financial statements, overseeing financial processes, and collaborating with management for strategic decisions. The role offers a chance to drive financial success in retail operations.

Qualifications

• Strong analytical and problem-solving skills specific to retail finance.
• Excellent communication and interpersonal abilities.
• Detail-oriented with a high level of accuracy in financial reporting.
• Ability to manage multiple tasks in a fast-paced environment.

Responsibilities

• Prepare and analyze monthly financial statements.
• Manage month-end and year-end closing processes.
• Oversee accounts payable and receivable functions.
• Ensure compliance with tax regulations.
• Conduct regular audits of financial records.
• Collaborate with retail management for financial insights.
• Develop financial policies and procedures.
• Assist in budget and forecast preparation.

Skills

Retail accounting software proficiency

GAAP and IFRS understanding

Analytical and quantitative skills

Detail-oriented financial reporting

Effective communication skills

Knowledge of tax laws

Budgeting and forecasting experience

Education

Professional certification (CPA or CMA)

Tools

QuickBooks

SAP

Job description

This role requires a detail-oriented individual who can manage financial records, ensure compliance with accounting standards, and provide insightful financial analysis to support business decisions. The ideal candidate will have a robust understanding of accounting principles, experience in retail finance, and the ability to communicate effectively with various stakeholders. As a Senior Accountant, you will play a pivotal role in driving the financial success of our retail operations.

Responsibilities

1. Prepare and analyze monthly financial statements to ensure accuracy and compliance with accounting standards.
2. Manage the month-end and year-end closing processes, ensuring timely and accurate reporting.
3. Oversee accounts payable and receivable functions, maintaining optimal cash flow for the retail shop.
4. Ensure compliance with tax regulations and assist in tax preparation and filing.
5. Conduct regular audits of financial records to ensure accuracy and adherence to internal controls.
6. Collaborate with retail management to provide financial insights that support strategic decision-making.
7. Develop and implement financial policies and procedures to enhance operational efficiency in the retail environment.
8. Assist in the preparation of budgets and forecasts to guide financial planning for the shop.
9. Stay updated on industry trends and changes in accounting regulations relevant to retail operations.

Preferred Candidate

1. Strong analytical and problem-solving skills specific to retail finance.
2. Excellent communication and interpersonal abilities to interact with retail staff and management.
3. Proficient in accounting software and Microsoft Excel, with experience in retail systems.
4. Detail-oriented with a high level of accuracy in financial reporting.
5. Ability to work independently and manage multiple tasks in a fast-paced retail environment.
6. Strong organizational skills and time management capabilities.
7. Professional certification such as CPA or CMA is preferred.
8. Experience in the textiles and fabrics retail industry is a significant advantage.
9. Ability to adapt to changing financial regulations and retail practices.
10. Commitment to continuous professional development and staying current with industry standards.

Skills

• Proficiency in retail accounting software (e.g., QuickBooks, SAP).
• Strong understanding of GAAP and IFRS as they apply to retail.
• Excellent analytical and quantitative skills tailored for retail finance.
• Ability to prepare detailed financial reports specific to retail operations.
• Strong attention to detail and accuracy in financial documentation.
• Effective communication and presentation skills for retail stakeholders.
• Knowledge of tax laws and compliance specific to retail businesses.
• Experience with budgeting and forecasting processes in a retail context.