Payable & Fixed Assets Manager

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Date: Apr 30, 2025

Location: Al Asimah, Kuwait

Company: AL AHLI BANK OF KUWAIT

Reports To

Head of Financial accounting & Control 

Job Purpose

Manage the financial accounting function, ensuring the accurate preparation of financial reports and the execution of related accounting activities by maintaining compliance with regulatory standards and enhancing financial processes.

Generic Accountabilities

2. Corporate Governance and Compliance Work fully within risk policies and procedures and compliance regulations and ensure all divisional activities comply with corporate governance & regulatory/legal frameworks
2. Policy & Processes Define ABK and divisional policies, processes and structures.
3. Risk management Identify, manage, mitigate and report on risk and potential risk in divisional activities
Compliance: Work fully within ABK’s Compliance regulations and standards.
5. People Management Manage people in line with people policies and best practices.

Specific Accountabilities

•    Vendor Payments: Manage vendor payments as per policies and guidelines set out by the bank and prepare related accounting entries;
•    Fixed Assets: Prepare the accounting entries for capitalization and depreciation of fixed assets and ensure they are posted to proper accounts.
•    Payment Process: Prepare and maintain Budget payment system, expenditure proposals and monitor payments against the expenditure proposals and budgets.
•    Contracts: Review of contracts to be entered by the Bank to ensure they comply with the Expenditure Control Policy of the Bank
•    Reports:  Provide Adhoc Payment section and specific expense Reports for Management
•    Tax: Maintain up to date records for 5% withholding tax and prepare reports for Ministry of finance submission
•    Accruals: Ensures proper accrual of expenses to reflect accurate financial reporting.
•    Custody: Maintain adequate control over cheques books & Payments records.
 

Job Success Factors

Education

Bachelor's Degree or Equivalent Certification/Experience in Commerce Finance or Accounting

Experience


•    Minimum 7 years professional experience in Finance
•    Preferably CA/CPA/CMA certified

.•    Exposure to a range of financial accounting roles
•    Banking sector experience 
•    Experience of financial accounting techniques and practices

Skills

•    Sound knowledge of Systems , Accounting management, Banking processes and Internal control mechanisms
•    Effective expenditure and expenses control
•    Reports and reconciliations produced accurately and on time
•    Successful approval of payments to third parties
•    Effective management of review and verification procedures.
•    Effective automation of reporting process
•    Successful GL management
 

Work Contact

Internal:    Dealing room & GM-Treasury, Treasury Operations, IT, Finance Accounts & Planning Group, Risk    
External:    Auditors

Interview Questions

JD Code

FCD 24.19