An international engineering company specialising in the Oil & Gas industry is looking for a Finance Manager to join their Larnaca based team. The successful candidate will have at least 5 years of relevant accounting experience as well as previous relevant managerial or supervisory experience. If you are interested in joining a growing team, then we look forward to receiving your CV for this Larnaca-based Finance Manager role.
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Review and validation of Journal/accounting entries ensuring that all supporting documents and approvals are in place and complete and in accordance with the company policies.
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Review and validation of payments (cheques & transfers)
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Review and validation of purchase order ensuring proper approvals and documentations.
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Review of LPOs and ensure commitments are tracked.
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Involvement in the tendering and procurement process
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Review of suppliers’ reconciliations and ensuring all unreconciled items are resolved promptly.
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Review of suppliers aging and related reports
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Review of monthly balance sheet liabilities accounts reconciliation and ensure clearance/ resolution of outstanding open items.
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Regular Supplier database management and additions of new ones and ensuring that all details are captured in the system.
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Communicate with relevant departments on a regular basis the payment terms of outstanding invoices due for payment to ensure payment are made on time.
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Review of Customers invoices and journal entries booked in the ledger and review of supporting documents.
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Review of sales collections accounting entries and review of its supporting documents
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Review of customers reconciliations and ensuring the unreconciled items are resolved promptly.
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Review of customer dues Aging reports and follow up with concerned team members on collection and bad debt issues.
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Correspondence with Collection team on defaulted customers and collections issues
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reconciliation of sub-ledger to general ledger in a regular basis
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Review of balance sheets accounts receivable accounts reconciliation and ensure clearance/ resolution of outstanding open items.
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review of AR related transaction and entries (revenue recognition, gov grant)
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Preparation of Cashflow forecasting and weekly reporting
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Review of monthly bank reconciliation and ensuring all open items are resolved promptly.
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Custody of bank guarantees received from suppliers.
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Review of LC entries and ensuring all approvals are obtained and proper supporting documentation.
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Close sub ledgers and post to General ledger for each entity ensuring any exceptions are dealt with.
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Reconciliation of the sub ledgers with the general ledger and resolve the issues.
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Monthly intercompany/RP reconciliation and preparation of Debit/credit notes if required, including Matrix preparation.
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Review of intercompany accounts reconciliation and ensure resolution of outstanding open items on a timely manner.
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Agree accruals with business units and service units’ heads and book related entries.
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Review the accounting entries for fixed assets (depreciation and impairment)
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Review of closing related journal entries
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Review each balance sheet account and key P&L accounts lead schedules.
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Management of the closing process and ensure responsibilities always monitored during the closing process
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Review of common cost table and the monthly entry to respective unit
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Preparation and review Month end Consolidation and elimination entries
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Preparation and review of Monthly suppliers outstanding and accruals report
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Review of Monthly management reports
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Conduct variance analysis on the financial statements and accounts.
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Prepare Ad hoc reports and presentations requested by the management.
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Preparation and review of budget vs. actual analysis and report exceptions and explanations
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Managing the annual budgeting process including the preparation of the budget template and related guidelines
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Review of depreciation monthly
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Review of monthly balance sheet fixed assets related accounts reconciliation and ensure clearance/ resolution of outstanding open items.
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New cost center/business units/products/function/account management (creation and validation in oracle)
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Ensure any service to be spent or spent is within the budget allocated and escalate if exception found.
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The review and validation of Journal/accounting entries ensuring that all supporting documents and approvals are in place and complete and in accordance with the company policies.
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The review and validation of employees’ payments (cheques & transfers)
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Review payroll journal entries
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Review the monthly payroll pension accounting entries.
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The review of entries related to vacation, tickets, end of services and other benefits related entries.
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Review of monthly balance sheet payroll related accounts reconciliation and ensure clearance/ resolution of outstanding open items.
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Review of petty cash and cash related entries and ensuring in line with policy and procedure
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Perform regular self-count on petty cash float.
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Ensure petty cash count is done by independent person other than the custodian.
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Ensure all cash collection are deposited regularly in the respective bank accounts, if applicable
Due to the high volume of applications we receive at GRS Recruitment, only shortlisted candidates will be responded to.