Accounting Manager Aqwat For Trading & Contracting LLC

Daily Accounting Operations (Hands-On)

• Record and review daily accounting transactions in the accounting system.

• Prepare and post journal entries, accruals, and adjustments.

• Perform daily and monthly bank reconciliations.

• Review and process supplier invoices, payments, and employee expenses.

• Monitor accounts receivable, follow up on collections, and allocate receipts.

• Handle VAT calculations, input/output VAT tracking, and documentation.

Financial Reporting & Month-End

• Prepare monthly, quarterly, and annual financial statements.

• Close accounts on time and ensure accuracy of balances.

• Maintain general ledger and chart of accounts.

• Prepare cash flow statements and working capital reports.

Compliance & Controls

• Ensure compliance with accounting standards, tax laws, and VAT regulations.

• Prepare and submit VAT returns and support tax audits.

• Maintain proper supporting documents for all transactions.

• Implement and monitor internal controls.

Contracts & Cost Control (if applicable)

• Review project costs, variations, and profitability.

• Monitor advance payments, retention, and contract recoveries.

• Coordinate with project and procurement teams on financial matters.

Team & Coordination

• Guide junior accountants and review their work.

• Support HR for payroll processing, PASI, and employee-related payments.

• Coordinate with auditors, banks, and external consultants.

Management Support

• Prepare management reports and financial analysis.

• Assist management in budgeting, forecasting, and decision-making.

• Highlight financial risks, cash shortages, and cost overruns.