Account Manager

Position Overview

The Account Manager role involves managing daily financial functions of the branch to ensure thorough and precise financial reporting, effective cash flow, adherence to regulations, and strong financial control systems. This position is critical for maintaining financial soundness, improving working capital usage, and ensuring compliance with both statutory laws and company policies.

Primary Responsibilities

• Oversee compliance with all statutory tax duties such as VAT, Withholding Tax, Zakat, and other government-imposed fees.
• Ensure the punctual submission of statutory returns and maintain compliance with regulatory requirements.
• Engage with tax authorities, external auditors, and government regulators.
• Stay updated on tax legislation changes and enforce necessary compliance adaptations.
• Supervise the accurate maintenance of company and subsidiary ledgers in line with regulations.
• Manage branch cash flow, receivables, and expenditures, including liquidity to support operations.
• Generate and coordinate cash flow forecasts alongside Accounts Receivable and Payable teams.
• Build and sustain strong banking relationships, managing relevant banking tasks.
• Monitor credit exposure of customers, implement strategies to lessen credit risks, and work on speeding up cash collections to lower Days Sales Outstanding.
• Minimize overdue payments and bad debts while enhancing receivable processes with automation and improvements.
• Ensure timely payments to vendors, uphold strong supplier relations through planned payment schemes.
• Conduct regular reconciliations of supplier and intercompany accounts, complying with company procedures and controls.
• Administer on-schedule and precise month- and year-end close, including accruals, prepayments, depreciation, bank reconciliations, interest entries, and other journal entries.
• Maintain accuracy and integrity of the general ledger and trial balance.
• Coordinate with external auditors to guarantee financial statements conform to accounting standards and represent the company’s financial status accurately.
• Identify vulnerabilities within financial controls and implement corrective actions to strengthen internal controls, preventing fraud and revenue loss.
• Lead automation and efficiency initiatives to refine financial operations and processes.