General Ledger Unit Head JOB

Overview

Job Code

7

Key Accountabilities

• Chart of Accounts
• Establish chart of accounts by listing and identifying of the names of the
• accounts
• of
• DCT make it available for recording transactions in its general ledger (GL).
• Tailor the chart of accounts to best suit DCT’s needs, including adding accounts as needed.
• Supervise the preparation of chart of accounts with
• financial statements including accounts for assets, liabilities, equity, revenues and expenses
• .
• Ensure establishing, maintaining and updating chart of accounts. Ensure strict adherence to deadlines set for the monthly, quarterly & yearly financial period closing.

Reconciliation & Consolidation

• Ensure GL reconciliation, bank reconciliations and data consolidation are updated and processed periodically. Reconcile intercompany transactions and balances.
• Ensure reviewing bank reconciliations and entering group reconciliation statements, clear related transaction to ensure timely accounting of pending entries.

Journal Entries & Financial Closing

• Supervise the
• preparation and accounting of journal entries for monthly, quarterly and year end accruals, prepayments, adjustments, discrepancies etc.
• Ensure accounting transactions are recorded through journal entries that show account names, amounts, and whether those accounts are recorded in debit or credit side of accounts.
• Supervise the preparation of monthly journal entries and adjustments, including supporting documentation and appropriate descriptions.
• Prepare and ensure
• monthly, quarterly & yearly financial period closing
• .

Transactions And General Ledger Inventory

• Supervise recording and maintaining General Ledger transactions (acquisitions & dispositions). Ensure reconciling the balance in the General Ledger subsidiary ledger to the summary-level account in the general ledger.
• Ensure overall reconciliations, GL reconciliation, bank reconciliations and data consolidation are processed periodically and updated. Reconcile intercompany transactions and balances.
• Manage the process of periodic inventory checks of General Ledgers. Recommend to management whether General Ledgers should be disposed of.
• Introduce leading-practices approach to ensure that DCT receives cleansed and fortified General Ledger register, providing the data visibility, improved financial reporting, accurate property tax values, streamlined insurable values, required for effective General Ledger management
• .

Strategic Contribution

• Ensure effective cascading of the functional strategy into section business plans to ensure vertical alignment and horizontal integration with other interfacing sectional strategies.

People Management

• Manage the effective achievement of assigned objectives through the leadership of the Section by setting of individual objectives, managing performance, developing and motivating staff to maximize performance.
• Lead the talent development initiatives for the assigned section, collaborating with technical/discipline experts and thereby ensure the availability of talent to fit business requirements.
• Act as a role model and drive adherence to organizational values and ethics by employees of the assigned section to foster a value driven culture within the organization.

Budgeting And Financial Planning

• Manage the preparation and recommend the section’s budget and monitor financial performance versus the budget while ensuring all unit activities are conducted in line with the approved guidelines.

Policies, Systems, Processes & Procedures

• Manage and ensure effective implementation of functional policies, procedures and controls covering all areas of assigned section activity so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service.

Continuous Improvement

• Lead the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.

Reporting

• Ensure that all section reports are prepared timely and accurately and meet DCT requirements, policies and quality standards.

External

• Executive Management

• Senior & Middle Management

• Finance Department
• Regulators

Level

• …
• …
• …
• …

(e.g. Academic Qualification, Certifications, Licenses)

• Bachelor’s Degree in Finance/Accounting or equivalent and preferably a master’s degree in finance/ Accounting.
• Professional Accreditations: CA, ACCA or CPA is preferred

Experience

• 5 to 7 years of experience in Finance & Accounting with at least 3 years of experience in a Managerial position.

Skills Required

• Language: Full professional English and Arabic proficiency both in speaking and writing
• Skilled in MS Office (PowerPoint, Word and Excel)
• High level of competency in relevant software applications
• Administrative skills and attention to detail
• Self-motivated with a proven ability to complete work in a timely manner
• Ability to quickly integrate with existing business software tools and knowledge of other relevant industry software
• Excellent written and verbal communication skill - including appropriate stakeholder alignment
• Evidence of creating, implementing, and managing policies and procedures
• Ability to multi-task and to prioritize work effectively
• Ability to work under own direction and high degree of initiative