To compile Kuwait Airlines Company's (KAC) interim and annual
financial statement in accordance with IFRS for review by Senior Manager
To ensure quality in financial accounting through a process of GL
review and reconciliation
Facilitate system implementation in Finance Department.
Quality of Financial Information
Compile Financial statement accurately in accordance with IFRS within
the target dates set by Management. Towards that end, manage the monthly,
quarterly and annual month closing of accounts to ensure that the
accounts are complete and accurate. Define and implement adequate quality
checks to highlight distortion in GL balances. Influence and assist staff
in the various financial accounting sections to take remedial action which
requires to adhere to the disciplines of the Chart of Accounts (COA).
Ensure COA disciplines to be followed by all departments/ sections to
ensure uniformity and quality of accounting. This involves specifying
reconciliation disciplines to be followed, specifying
and testing interface controls from various
feeder system to GL and drawing up / revising the flow of accounting entries to
Follow up and review the quality of information received from group
companies for consolidation.
Define and implement the reconciliation disciplines to be followed by
various Finance sections. This will entail specifying the responsibility,
objective, timing format and the detail to which
reconciliations are drawn up. Manage
the reconciliation of the GL nominals under your responsibility as well as
review the quality of the reconciliations performed by other sections to ensure
they are performed efficiently, accurately
Liaise with external, internal and Government auditors to ensure that
queries are responded to promptly and with adequate explanation. Co-ordinate
with various sections to ensure delivery of schedules, information &
explanation as per the deadlines of the audit timetable. All schedules
are checked/ scrutinised prior to handing over to auditors.
Carry out detailed analysis and evaluation of the impact of the
changes to IFRS on KAC to support recommendations made by Finance department to
To support financial reporting at Outstations in accordance with local
regulations and compliance requirements by providing / validating relevant
financial reports / data
Manage the back-office function of the company’s fuel hedging program,
including recording contracts, reconciling counter party statement of account,
verifying independently the mark to market values and confirming the values
receivable/ payable to counter parties as a result of settlement of contract.
Support the implementation and upgrade of any system in Finance
sections to ensure deliverables in terms of quality and timeliness. Take
responsibility for the quality of the end user system development specification
and testing standards.
To analyse and summarise the financial performance of the group
companies or any other entity required by the Management, based on their
Financial statements and other available information
3) Work Contacts:
contact with all levels within Finance department and appropriate levels in
other business units. 4) Independence
directives provided by Senior Manager GL and generally guided by the corporate
policies, Accounting standards and administrative orders. Individual
assignments may be broad in nature where the job holder is required to take
initiative and use creative thinking in providing solutions.
accounting staff reporting to this role.
University degree in Accounting and Professional qualification such as CPA, CA
3 years’ experience in supervisory role
preferably with Big 4 experience
Good knowledge of Accounting standards and its application
Analytical capabilities and ability to work towards set priorities and goals