KAC170501070535 - Accounts Officer

Organization: Kuwait Airways Job: Accounts Officer
Division: Finance Employment Type: Full Time - Permanent
Last date of application: 2017-06-01 Country: Germany,

Job Description:

Kuwait Airways (KU: IATA, KAC: ICAO) is the official national carrier of the State of Kuwait. Established in 1953 as a private company, the airline was initially 50 per cent owned by the Kuwaiti government. In 1962, the government assumed 100 per cent ownership, making it the longest serving, official state carrier operating from the Arabian Gulf Region.

Kuwait Airways employs over 4,800 people, and the head office is in the heart of Kuwait City, close to Kuwait International Airport (KWI). The airline currently provides regular scheduled services to 36 international destinations in the Far East, Middle East, Europe and North America.

Kuwait Airways’ fleet of 23 aircraft currently consists of 5 x B777-300ER, 7 x A320-200CEO (completed delivery Q2 2015), 5 x A330s (completed delivery Q4 2015), 4 x A340-300, 2 x Boeing 777-200, and 1 x Boeing 747-400. Kuwait Airways will boast the youngest commercial airline fleet in the world.
In this role, you will plan, guide, and advise all outstation general sales agency accounting work and allocate outstation expenditure billed by other airlines, monitoring bank guarantees of general sales agents and related records. You are to implement action plans for continuous improvement in GSA accounting activities, improve and adjust as appropriate, secure approval and implement agreed amendments.

    1. You are to participate in all general sales agents' and airline expenditure work. You are to review work for accuracy and ensure correct input to the general ledger system, providing information to management, compiling and preparing summaries as necessary. 
    2. You are to monitor the monthly clearing of GSA accounts and the allocation of expenditure billed by other airlines, coordinating reconciliation and clearance of suspense accounts requiring allocation to head office controlled expenditure. You are to ensure that tasks are completed in accordance with the monthly and annual closedown timetables for the preparation of accounts. 
    3. You are to check net payments made by general sales agents, including reviewing monthly payments to determine balances due, checks outstanding balances for further review and action. 
    4. You are to review monthly reports on IATA accounts billings.
    5. You will receive daily correspondence from GSA offices and other departments for action to be taken and coordinate the follow up of all internal and external correspondence and GSA's and in respect of queries on airline expenses.
    6. You are to coordinate work requests from internal audit, external auditors, and Ministry of Finance and you must provide financial information and statements as necessary in a timely manner.  
    7. You will maintain records of GSA's bank guarantees.
    8. You will review work for accuracy and ensure correct data input to the general ledger accounting system via providing management with information regarding GSA accounts.  
    9. You are to review the clearing of GSA accounts on a monthly basis, which includes reviewing discrepancies, participating in the reconciliation of various accounts and settlements of outstanding balances. You are to receive approval of all debit and credit notes raised against third parties.   


          1. University degree in Accounting or 2 years post graduate leading Accounting Diploma.
          2. Proficient in MS Office
          3. Proficient in German and English


          1. Attention to detail
          2. Time management
          3. Team work
          4. Ability to work under pressure

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