Kuwait Airways is actively recruiting for the role of Sr. Accountant Outstation in Mumbai, India. In this role, you will be responsible for managing all finance and accounting responsibilities for BOM location. You will also be responsible for managing Accounts team in BOM and supporting the Country Finance Manager / head office Finance Department in meeting the objectives of BOM accounts and contribute to the success of the business within the country.
Your role will include:
*Directing timely processing of all invoices and payments in strict adherence with company policies and procedures.
Managing the induction of new vendors and ensuring compliance to OFAC regulations by sanctions screening these vendors before onboarding.
*Ensuring an accurate and timely monthly, quarterly and year end close for BOM accounts.
*Managing the general accounting process including account reconciliations, month-end close procedures and accruals.
*Reviewing aging reports to identify issues and take appropriate action for debt collection.
*Assisting with preparation and evaluation of yearly budgets and conduct monthly analysis to identify any variances to actuals.
*Coordinating day-to-day Treasury activities such as daily / monthly cash positioning for BOM and all South Indian destinations (MAA / COK/ TRV and AMD) , cash forecasting, liquidity planning and sourcing funds for BOM and South Indian KAC destinations.
*Jointly operating bank accounts & managing mandates related to authorize signatories.
*Ensuring that collections of whatever nature are deposited and transferred to KAC Corporate bank accounts in a timely manner as per head office guidelines.
*Maximizing repatriation of funds at the most beneficial exchange rates by partnering with Banks to negotiate when trading.
*Assisting the Country Finance Manager to bring in / implementing process improvements in order to gain efficiencies.
Financial reporting and submissions:
*Assist in preparation and review of the local financial statements in accordance with the country requirements wherever needed.
*Providing necessary support and ensure timely submission and filing of the Annual returns to the Registrar of Companies.
*Reviewing all financial statements for accuracy and completeness during month ends.
*Ensuring that financial controls, processes, procedures and systems as defined by the head office Finance are in place and being adhered to.
*Ensuring compliance with OFAC regulations to prohibit dealings and transactions with sanctioned counties, entities and individuals.
Communicate and collaborate:
*Work with head office to establish goals and objectives for each year and monitor and advice on the progress.
*Coordinate with other departments within the country in meeting station objectives and assisting in streamlining internal processes and statutory requirements.
*Bring about financial awareness among the staff, so that any financial risks are identified.
*Coordinate with tax consultant in implementing changes in the tax reforms.
*Proactively highlight risks or process deviations and propose additional process controls for risk mitigation.
*Develop, coach and motivate the team members in BOM accounts into a cohesive work unit.
*Facilitate appropriate training for key finance personnel at the stations in applicable systems, internal control procedures and statutory compliance matters so that they are able to achieve their objectives.
*Bachelor Degree in Accounting
*8-10 years of experience
*MBAs or Chartered Accountants preferred
*Knowledge of airline accounting procedures preferred
*Proficient in English speaking and writing
*Proficient in Excel