Job Detail

Reference: AC-255
Experience: Min. 7 Years
Location: Lebanon
Full Time

Job Description

Job Purpose:

  • The Head of Accounting is responsible for managing and overseeing the daily operations of the accounting department and ensuring that the organizations' financial records remain accurate while meeting reporting deadlines.
  • He / she monitors and analyzes accounting data and produces financial reports and statements.

Key Performance Areas:

  • People Management:
    - Ensure that the team deliver their duties and provide excellent levels of service to internal and external parties.
    - Ensure well-being of the department and professional work environment.
  • Accounting Processing:
    - Ensure accurate and timely preparation and submission of the company's financial statements and other related reports.
    - Coordinate with the team to complete assigned accounting tasks within deadlines.
    - Supervise all company's accounting transactions.
    - Ensure proper adherence of the control procedure set by the Accounting and Finance manager.
    - Perform month-end and year-end closing and ensure all reports are accurate and available on-time.
    - Stay informed about all new rules, procedures and technologies introduced to accounting in addition to new legislations set by the regulator.
    - Perform the calculation of IBNR and IBNER and PDR semi-annually and annually.
    - Perform the Run Off claims calculation.
    - Perform the control on the aging and calculate the bad debts provision.
  • Reporting:
    - Ensure accurate and timely preparation and submission of the company's financial statements and other related reports.
    - Prepare and submit reports requested by the Group Finance Controller.
    - Prepare and submit all reports required by MOF and NSSF.
    - Manage the company's fixed asset and develop policies and procedures to ensure accuracy.
  • Auditing:
    - Assist and coordinate with the auditors during the audit cycle.
    - Handle the financial reporting according to IAS 21 & 29 and any other form of IAS reports.
    - Coordinate with the Actuarial department for the implementation of the IFRS 17.
    - Develop an action plan to follow up on audit issues highlighted in the auditor reports.
    - Responsible of contacts with external auditors.
  • Other:
    - Audit and control the payroll process including taxes, end-of-service, NSSF calculations, etc.
    - Control quarterly payment of stamps and municipal taxes.
    - Control and analyze the payments of general expenses, general claims, commissions (Non-life).
    - Control prepaid accruals and provisions.
    - Communicate with Reinsurers to ensure proper reconciliations of accounts.

    Education, Experience and Qualifications:
  • Bachelor Degree in Accounting, Finance, Audit or equivalent.
  • Masters is a plus.
  • Minimum 7 years of experience in Accounting and 1 year in a managerial role.
  • Proficiency in English, French is a plus.
  • Proficiency in Microsoft Office.
  • Sets standards for quality and ensures best practice.
  • Always questions and reviews the way things have been done to ensure that current processes and results continue to be relevant and add value.
  • Partners with others to achieve a win-win result.
  • Provides a role-model and promotes awareness, understanding and cooperation.
  • Takes a problem solving approach and focuses on the needs of all parties by reaching agreements.
  • Challenge employees to continually develop their current skills and knowledge provides opportunities to demonstrate individual competence.

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