Sr. Accountant (GL & Controlling)

Company: MK Enterprise –

WebSite: Downtown, Cairo, Egypt

Job Description:The incumbent will be responsible for the following duties and responsibilities:

**Month-End Close & Financial Reporting:**

* Lead the month-end and year-end closing procedures for designated areas.
* Prepare and post journal entries, encompassing accruals, prepaids, depreciation, amortization, revenue recognition, and adjusting entries.
* Assist in the preparation of timely and accurate monthly management accounts and financial statements.
* Contribute to the drafting of financial statement footnotes.

**General Ledger & Reconciliation:**

* Maintain and oversee the general ledger, ensuring the accuracy and completeness of all records.
* Conduct detailed reconciliations of key balance sheet accounts, including fixed assets, inventory, debit accounts, prepaids, and accruals.
* Coordinate with other accounting team members on the monthly reconciliation of Accounts Payable, Accounts Receivable, Cash, and Tax accounts.
* Maintain control over the Fixed Assets and Construction-in-Progress (CIP) registers, including oversight of the physical inventory count process.
* Prepare and maintain accounts for affiliated companies and manage the confirmation process.

**Transaction Processing & Analysis:**

* Review and record daily bank transactions, including bank charges, loan settlements, and interest expenses.
* Record Cost of Goods Sold (COGS), depreciation, and interest expenses.
* Review business trip expense claims and corporate credit card transactions.
* Review, record, and prepare payment requests for supplier invoices.

**Controlling & Analysis:**

* Support the Finance Manager in the annual budget and rolling forecast processes by providing historical data, analysis, and insights.
* Support the annual budget preparation and provide regular income and expenditure analyses for budget monitoring.
* Perform variance analysis on the Profit and Loss statement and Balance Sheet to support the monthly management reporting package.
* Consolidate and interpret financial data from various profit and cost centers to provide accurate and timely business information for management decision-making.
* Prepare the monthly operating profit and loss statement and balance sheet.
* Develop and maintain effective financial controls and processes.
* Conduct ad-hoc statistical analysis and produce reports to support business initiatives.

**Audit & Compliance Support:**

* Serve as a primary point of contact for external auditors, providing all requested general ledger supporting documentation and analysis.
* Calculate and document complex revenue recognition entries in accordance with IFRS 15 for IT service contracts.
* Ensure adherence to relevant accounting standards (IFRS/Local GAAP) in all financial activities and ensure compliance with company policies.
* Provide detailed analysis and supporting documentation for accounts, with a focus on Profit and Loss and Balance Sheet items.

**Process Improvement & Systems:**

* Develop and maintain a system of recurring and standard journal entries to improve efficiency.
* Assist in the review, development, and improvement of accounting and computer systems.
* Coordinate with the treasury department to resolve outstanding items and ensure clean bank reconciliations.

Skills: