JOB PURPOSEThe Accounting Manager is responsible for managing the financial operations of the subsidiary, ensuring accuracy in financial reporting, effective cost control, and compliance with regulatory requirements. This role involves leading the finance team within the subsidiary, implementing the group’s financial policies, and providing financial insights to support the subsidiary’s growth and profitability. The Accounting Manager also collaborates closely with the Group Finance team to align subsidiary financial performance with overall group objectives.
RESPONSIBILITIES 1. Financial Accounting and Reporting Oversee daily accounting operations and ensure accurate recording of all financial transactions. Oversee the preparation of financial statements for the subsidiary, ensuring compliance with IFRS and relevant local regulations. Manage the month-end and year-end closing processes, ensuring timely and accurate reporting of financial results. Review general ledger balances, reconciliations, and supporting documents and ensure that all financial transactions are accurately recorded and reconciled. Provide financial reports and analysis to the Group Finance team, highlighting key performance indicators and trends.
2. Budgeting and Forecasting Work on the budgeting and forecasting processes for the subsidiary with Group Financial Planning and Analysis department and working closely with department heads to establish financial targets. Monitor actual performance against the budget and provide variance analysis. Develop financial models to support forecasting, scenario planning, and business decision-making. Provide periodic analysis on revenue, costs, and operational efficiency.
3. Internal Controls and Compliance Implement and maintain strong internal controls to safeguard the subsidiary’s assets and ensure the integrity of financial reporting. Ensure compliance with the group’s financial policies, procedures, and accounting standards. Collaborate with internal and external auditors, ensuring that all audit requirements are met and any issues are addressed promptly.
4. Cost Control and Financial Efficiency Analyse operational costs and identify opportunities for cost savings and efficiency improvements. Provide financial insights to support decision-making on capital expenditures and investments. Monitor working capital, including accounts receivable, accounts payable, and inventory levels, to optimize cash flow.

5. Finance Team Leadership Lead and mentor the finance team within the subsidiary, promoting a culture of excellence and continuous improvement. Ensure that the finance team is well-equipped with the skills and knowledge needed to meet the subsidiary’s financial objectives. Work closely with the Group Finance team to ensure alignment in financial reporting, policies, and strategies.
6. Business Partnering and Support Work closely with operational departments to ensure proper financial recording and reporting. Provide financial analysis and insights to support operational decision-making. Support management in evaluating financial implications of operational activities. Coordinate with the Group Finance team to ensure alignment with group reporting standards.
7. Risk Management Identify financial risks and develop strategies to mitigate them. Ensure that the subsidiary’s financial practices are in line with regulatory and legal requirements. Monitor market conditions and assess their impact on the subsidiary’s financial performance.
8. Zakat, VAT, and Tax Compliance Handle the preparation and submission of Zakat and VAT returns in compliance with local tax regulations. Ensure timely payments and accurate calculations of Zakat, VAT, and any other applicable taxes. Stay updated on changes in tax laws and regulations, ensuring the subsidiary’s practices remain compliant. Work with external consultants and tax advisors to resolve any Zakat and VAT-related issues.
QUALIFICATIONS Education:Bachelor’s degree in finance, Accounting, Business Administration, or a related field. Professional qualifications such as CPA, CMA, or ACCA are preferred.
Experience:6-8 years of experience in finance or accounting roles, with at least 3 years in a supervisoryrole. Prior experience in the plastic manufacturing industry or related manufacturing sectors is highly desirable. Experience in a group or multinational environment is preferred.
Skills and Competencies:Strong knowledge of IFRS and local financial regulations. Proven ability to manage financial reporting, budgeting, and forecasting processes. Excellent analytical and problem-solving skills. Strong leadership and team management capabilities. Proficiency in SAP B1 ERP. Effective communication and interpersonal skills. High attention to detail and accuracy. Ability to work under pressure and meet tight deadlines.