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Kuwait Jobs Today: Kuwait Foundation for the Advancement of Sciences (KFAS) announces new job opportunities. Are you looking for job opportunities in Kuwait? Kuwait Foundation for the Advancement of Sciences (KFAS) announces the opening of recruitment for many jobs in various specializations in Kuwaiton today’s date. These opportunities are available to all nationalities. Learn about the available jobs and how to apply through the following advertisement.
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- Bachelor’s Degree in Finance, Accounting, or related field
- Minimum of 12 years of experience in accounting or related field
- Minimum of 3 years of experience at Senior level
- Proficient in English and Arabic.
- Oversee and review transactions reflected into the general ledger and ensure they are posted to appropriate accounts in the chart of accounts and are supported by sufficient details and supporting documents.
- Assist in developing, establishing, and maintaining the chart of accounts for KFAS, management information review formats and grant administration mechanism.
- Lead the month-end and year-end closing timely by reviewing, reconciling, and verifying that all financial transactions and accounts from past fiscal year are closed and are accurately reflected into KFAS’s trial balance.
- Oversee the reconciliation of sub ledger reports on a monthly basis to annual basis in addition to creating the final trial balance for each period-end.
- Manage the compilation of periodic financial reports (balance sheets, profit, and loss statements), budget details and variance analysis, with the support of the accountants, ensuring that they have been prepared accurately and on a timely basis; provide to the Manager – Accounts for review.
- Investigate accounting discrepancies and ensure that differences are properly remediated and closed with the Manager – Accounts.
- Oversee accounts payable including vendor invoice verification, approval, and timely payment in line with KFAS policies.
- Manage accounts receivable, ensure they do not exceed defined aging thresholds, ensure that they are appropriately collected, processed on to the books, and supporting documents are provided in line with KFAS policies.
- Manage and maintain fixed asset ledger by recording fixed assets transaction (additions, disposals, retirements, transfers etc.) under the defined asset classification as per fixed asset accounting policy; lead the valuation of fixed assets, adjusting for depreciation.
- Oversee payroll processing, including salaries, benefits, and facilitate timely disbursement.
- Supervise petty cash transactions, including miscellaneous expenses, ensuring that petty cash expenses are accurately recorded in the general ledger.
- Collaborate with relevant stakeholders to provide clarity, guidance, and interpretation on financial statements and other relevant accounting matters.
- Ensure that sufficient financial information is received from KFAS Centers to ensure that they are adequately supported and managed.
- Review the financial transactions of the Divisions/Directorates to ensure compliance with policies and procedures; highlight any deviations to the Manager – Accounts for further action.
- Provide guidance and advice to management regarding the interpretation and implementation of financial regulations and accountancy codes of practice as required.
- Regularly undertake financial analysis, as per requests from the Manager – Accounts, for both internal and external use.
- Monitor the management information system to ensure that timely and accurate information is provided for managerial decision making regarding KFAS and the centers.
- Navigate and prepare internal and external audit requirements and provide all necessary documentation, information, and cooperation to facilitate the timely audit close and audit financial statement compilation and internal audit report.
- Oversee the preparation of monthly and annual financial reports such as balance sheets, income statement, and profit and loss, accompanying with their footnotes.
- Review and ensure compliance with adopted and newly implemented accounting standards and regulations across all accounting systems and practices.
To apply for the aforementioned jobs, you can follow these steps:
- Job source: The official website of the company
- Posted Date: 10-8-2024 (Please check the date before applying).
- Required Nationalities: All nationalities.
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