Account Manager

Account Manager - Financial Operations & Compliance

The Account Manager is a pivotal role responsible for driving the day-to-day financial operations of the branch, ensuring accurate financial reporting, effective cash flow management, and robust financial controls. This role is instrumental in maintaining financial integrity, optimizing working capital, and ensuring compliance with statutory and organizational policies to support business objectives.

• Zakat & Tax Compliance (30%)
• Manage statutory tax obligations including VAT, WHT, Zakat, and other government levies.
• Ensure timely filing of statutory returns and regulatory compliance.
• Liaise with tax authorities, external auditors, and regulatory agencies.
• Monitor changes in tax legislation and implement necessary compliance measures.
• Funds Management (15%)
• Manage branch cash flow, receivables, and operating expenses.
• Prepare periodic cash flow forecasts in coordination with Accounts Receivable and Accounts Payable teams.
• Maintain effective banking relationships and coordinate all banking activities.
• Ensure adequate liquidity to support business operations.
• Accounts Receivable Management (15%)
• Monitor customer credit exposure and implement credit risk mitigation measures.
• Improve cash collections and reduce Days Sales Outstanding (DSO).
• Minimize overdue receivables and bad debt exposure.
• Enhance receivable processes through automation and process improvements.
• Accounts Payable Management (20%)
• Ensure timely processing of vendor payments in accordance with agreed payment terms.
• Maintain strong supplier relationships through effective payment planning.
• Perform periodic reconciliations of supplier accounts and intercompany balances.
• Ensure compliance with company policies and financial controls.
• General Ledger Management (10%)
• Ensure timely and accurate month-end and year-end closing activities.
• Manage accruals, prepayments, depreciation, bank reconciliations, interest accounting, and other journal entries.
• Maintain integrity of the Trial Balance and General Ledger.
• Coordinate with external auditors to ensure financial statements comply with applicable accounting standards.
• Internal Controls & Process Improvement
• Identify financial control weaknesses and implement corrective measures.
• Strengthen internal controls to prevent fraud, revenue leakage, and financial misstatements.
• Drive automation initiatives to improve operational efficiency.