Chief Accountant

Overview

FAENA The Red Sea

Job Description

Chief Accountant

Key Responsibilities

• Oversee daily accounting operations, including general ledger, accounts payable, accounts receivable, and cash management.
• Ensure accurate and timely month-end, quarter-end, and year-end closing processes.
• Prepare and review financial statements, reports, and account reconciliations.
• Monitor financial transactions and ensure accurate recording and classification of accounting entries.
• Supervise and support the accounting team in daily operations and development.
• Reconcile bank accounts and balance sheet accounts on a regular basis.
• Ensure compliance with IFRS, company policies, and local regulatory requirements.
• Support budgeting, forecasting, and financial planning activities.
• Monitor cash flow, operating expenses, and financial performance.
• Coordinate internal and external audits and provide required documentation.
• Review payroll accounting entries and related reconciliations.
• Ensure tax compliance and support the preparation of statutory filings.
• Maintain effective internal controls and safeguard company assets.
• Investigate and resolve accounting discrepancies and financial issues.
• Liaise with banks, auditors, government authorities, and external stakeholders as required.
• Provide financial analysis and insights to support management decision-making.
• Maintain accurate financial records and ensure proper document retention.

Qualifications

• Previous experience as a Chief Accountant, Senior Accountant, or similar role within a hotel or hospitality environment preferred.
• Strong knowledge of accounting principles, financial reporting, and IFRS standards.
• Experience with accounting and ERP systems.
• Good understanding of budgeting, forecasting, and financial analysis.
• Strong analytical, organisational, and problem-solving skills.
• High level of accuracy and attention to detail.
• Proven leadership and team management abilities.
• Proficiency in Microsoft Excel and financial reporting tools.
• Excellent communication and interpersonal skills.
• Bachelor's degree in Accounting, Finance, or a related field.
• Professional accounting qualification (ACCA, CPA, CMA, CA, or equivalent) is an advantage.