Job Summary: The Accountant operates within defined parameters, prepares accounts and analysis as required. He/she is mainly responsible for sales invoices, intercompany billing, inventories, assets control, contracts etc, and would typically provide support either to a specific division or specific brands. In their endeavor to excellence, the fundamental values all our employees must possess are Commitment, Integrity, Empathy and Flexibility
Key Duties and Responsibilities:
Is responsible for the timely payment of all vendor liabilities
Calculate the landed costs of purchases and updating inventory
Maintain the fixed assets register in the accounting system
Prepare statements and reports of estimated future costs and revenues
Maintain general and subsidiary ledgers, accounts receivable, accounts payable revenue distribution, depreciation, cost, property, and operating expenses, and insurance records
Assist in the development and implementation of goals, policies, priorities, and procedures relating to financial management, budget, accounting, and/or payroll.
Verify correctness of all quotations issued by any team member
Issue invoices and follow up payable and receivable accounts
Monitor and periodically summarize all petty cash floats and expenses across the company
Monitor the cash flow on a daily, weekly, monthly and quarterly basis
Record supplier invoices in the accounting system
Reconciliations (Bank Reconciliations)
Ensure that all suppliers’ accounts are fully reconciled periodically
Is responsible for the preparation of inter-company reconciliations and the resolution of outstanding items
Maintain and update all accounts
Maintain the accounting of lease-related activities in the system and work out recharges to vendor
Support in cash management, banking, vendor relationships and implementation of the ERP system
Liaise with HR on the financial and timely payment arrangements for the monthly payroll
Check the accuracy of the Letters of Credit applications
Liaise with banks to open Letters of Credit
Reporting and Analysis: Assist in preparation of MIS report and accompanying schedules, worksheets and narratives, including “Budget vs. Actual” variance reports.
Chalhoub Group is the leading partner for luxury across the Middle East and an expert in retail, distribution and communication. With a growing workforce of more than 12,000 people, and a network of over 650 retail stores, the Group's success is attributed to its highly skilled and dedicated teams.