- Responsible for monitoring and overseeing all Accounts Payable, Accounts Receivable, Cost Control, and Treasury activities of Tawfeer, in accordance with Tawfeer’s guidelines, Generally Accepted Accounting Principles (GAAP), and International Financial Reporting Standards (IFRS).

- Assist in the development of the Finance Division’s overall budget, ensuring adequate provisions for all operational activities. Monitor and control expenditures against approved budgets and reconcile variances to ensure performance remains on target.

- Develop, implement, and maintain Finance Department policies and procedures, ensuring alignment with overall business objectives and best financial practices.

- Assist the Finance Manager in the implementation and enforcement of financial accounting policies and procedures.

- Oversee Fixed Assets, Accounts Payable, Accounts Receivable, General Ledger, and Payroll accounting activities.

- Manage period-end and year-end closing processes, ensuring timely and accurate completion of all accounting activities.

- Prepare internal and external financial statements and management reports and submit them to the Finance Manager for review.

- Perform tax-related activities, including preparation and filing of statutory tax reports, subject to Finance Manager review and approval.

- Ensure the maintenance of an efficient, accurate, and accessible accounting records system in compliance with company and statutory requirements.

Accounts Payable Oversight

Oversee the AP Accountant’s activities related to monthly Accounts Payable processes, including:

• Recording supplier invoices in the system
• Matching invoices with purchase orders and delivery confirmations
• Resolving invoice discrepancies
• Preparing payments (cheques, cash, transfers, or prepayments)
• Issuing debit and credit notes
• Managing stopped or delayed payments

Ensure timely processing and approval of supplier payments in line with the Delegation of Authority Matrix.

Review AP aging reports, due payments, and related analyses prepared for the Finance Manager.

Approve petty cash replenishments when minimum thresholds are reached.

Accounts Receivable Oversight

Manage monthly Accounts Receivable processes, including:

• Recording customer receipts and related transactions
• Ensuring accurate matching of receipts against customer accounts
• Coordinating with Cash Management for bank deposits and reconciliations
• Reviewing AR aging and outstanding balances

Work with the Finance Manager to resolve discrepancies and ensure accurate receivables reporting.

General Ledger Responsibilities

Oversee General Ledger activities, including:

• Review and approval of journal entries (manual, recurring, allocations)
• Monthly and year-end reconciliations between sub-ledgers and GL
• Investigation and resolution of discrepancies
• Maintenance of Chart of Accounts and creation of new GL accounts as needed

Ensure the integrity and accuracy of financial data at all times.

Payroll Accounting

Oversee payroll accounting activities by:

• Ensuring accurate and timely posting of payroll data to the General Ledger
• Reviewing payroll journals and recurring entries
• Coordinating with Human Resources to resolve payroll discrepancies
• Reviewing payroll summaries and submitting them to the Finance Manager

Team Management & Reporting

- Monitor and support the performance of Finance Department staff, providing guidance to maximize efficiency and effectiveness.

- Recommend training, development initiatives, salary adjustments, and promotions based on performance evaluations.

- Prepare regular and ad-hoc financial reports related to Accounts Payable and Accounts Receivable activities and escalate critical issues with actionable recommendations to the Direct Manager.

- Perform any other duties as assigned by the Finance Manager.