Kuwait City, Al Asimah Governate, Kuwait

Chief Accountant

 Job Description:

Job Description:

As the Chief Accountant, you will oversee all aspects of financial accounting and reporting, ensuring compliance with regulatory requirements, accounting standards, and internal policies. You will lead a team of accounting professionals and collaborate with other departments to support strategic decision-making and drive financial performance.

Key Responsibilities:

  1. Financial Reporting and Analysis:

    • Oversee the preparation and analysis of financial statements, including income statements, balance sheets, and cash flow statements, in accordance with Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS).
    • Provide timely and accurate financial reports and analysis to senior management, board of directors, and external stakeholders to support decision-making and strategic planning.
  2. Budgeting and Forecasting:

    • Develop annual operating budgets and financial forecasts in collaboration with department heads and senior management.
    • Monitor budget performance and variance analysis, identify areas of concern or improvement, and recommend corrective actions as needed.
  3. Financial Operations Management:

    • Oversee day-to-day accounting operations, including accounts payable, accounts receivable, general ledger maintenance, and payroll processing.
    • Ensure compliance with internal controls, accounting policies, and regulatory requirements to safeguard company assets and maintain financial integrity.
  4. Audit and Compliance:

    • Coordinate annual financial audits and regulatory compliance reviews conducted by external auditors, government agencies, or regulatory bodies.
    • Address audit findings and implement corrective actions to strengthen internal controls and improve financial processes.
  5. Tax Planning and Compliance:

    • Collaborate with tax advisors and legal counsel to develop tax planning strategies and optimize the company's tax position.
    • Ensure compliance with tax laws, regulations, and filing requirements, including corporate income tax, sales tax, and other applicable taxes.
  6. Financial Systems and Technology:

    • Evaluate and implement financial systems, software applications, and tools to streamline accounting processes and enhance efficiency and accuracy.
    • Provide training and support to accounting staff on the use of financial systems and technologies.
  7. Leadership and Team Development:

    • Lead, mentor, and coach accounting staff, fostering a culture of teamwork, accountability, and professional growth.
    • Set performance expectations, conduct performance evaluations, and provide feedback to support individual and team development.
  Required Skills:

Accounts Payable Payroll Processing Financial Performance Government Agencies Income Tax Variance Analysis Regulatory Compliance Regulatory Requirements Balance General Ledger Operations Management Financial Accounting Internal Controls Decision-Making Accountability Corrective Actions Cash Flow Financial Reporting Tax Reviews Directors Government Financial Statements Forecasting Strategic Planning Filing Cash Budgeting Payroll Regulations Teamwork Accounting Preparation Software Planning Maintenance Leadership Sales Training Management