Finance Manager (VAC-A1467)

Job description

Our client working out of their Larnaca based offices and servicing the Oil and Gas industry are currently looking to recruit a Finance Manager who will be reporting directly to the Managing Director.

The ideal candidate will have at least 5 years experience and a similar position and he/she will be responsible for the Finance function of the company. 

Job Duties

• The review and validation of Journal/accounting entries ensuring that all supporting documents and approvals are in place and complete and in accordance with the company policies.
• The review and validation of payments (cheques & transfers)
• Review and validation of purchase order ensuring proper approvals and documentations.
• Review of LPOs and ensure commitments are tracked.
• Involvement in the tendering and procurement process
• Review of suppliers’ reconciliations and ensuring all unreconciled items are resolved promptly.
• Review of suppliers aging and related reports
• Review of monthly balance sheet liabilities accounts reconciliation and ensure clearance/ resolution of outstanding open items.
• Regular Supplier database management and additions of new ones and ensuring that all details are captured in the system.
• Communicate with relevant departments on a regular basis the payment terms of outstanding invoices due for payment to ensure payment are made on time.
• Review of Customers invoices and journal entries booked in the ledger and review of supporting documents.
• Review of sales collections accounting entries and review of its supporting documents
• Review of customers reconciliations and ensuring the unreconciled items are resolved promptly.
• Review of customer dues Aging reports and follow up with concerned team members on collection and bad debt issues.
• Correspondence with Collection team on defaulted customers and collections issues
• Reconciliation of sub-ledger to general ledger in a regular basis
• Review of balance sheets accounts receivable accounts reconciliation and ensure clearance/ resolution of outstanding open items.
• Review of AR related transaction and entries (revenue recognition, gov grant)
• Preparation of Cashflow forecasting and weekly reporting
• Review of monthly bank reconciliation and ensuring all open items are resolved promptly.
• Custody of bank guarantees received from suppliers.
• Review of LC entries and ensuring all approvals are obtained and proper supporting documentation.
• Close sub ledgers and post to General ledger for each entity ensuring any exceptions are dealt with.
• Reconciliation of the sub ledgers with the general ledger and resolve the issues.
• Monthly intercompany/RP reconciliation and preparation of Debit/credit notes if required, including Matrix preparation.
• Review of intercompany accounts reconciliation and ensure resolution of outstanding open items on a timely manner.
• Agree accruals with business units and service units’ heads and book related entries.
• Review the accounting entries for fixed assets (depreciation and impairment)
• Review of closing related journal entries
• Review each balance sheet account and key P&L accounts lead schedules.
• Management of the closing process and ensure responsibilities always monitored during the closing process
• Review of common cost table and the monthly entry to respective unit
• Preparation and review Month end Consolidation and elimination entries
• Preparation and review of Monthly suppliers outstanding and accruals report
• Review of Monthly management reports
• Conduct variance analysis on the financial statements and accounts.
• Prepare Ad hoc reports and presentations requested by the management.
• Preparation and review of budget vs. actual analysis and report exceptions and explanations
• Managing the annual budgeting process including the preparation of the budget template and related guidelines
• Review of depreciation monthly
• Review of monthly balance sheet fixed assets related accounts reconciliation and ensure clearance/ resolution of outstanding open items.
• New cost center/business units/products/function/account management (creation and validation in oracle)
• Ensure any service to be spent or spent is within the budget allocated and escalate if exception found.
• The review and validation of Journal/accounting entries ensuring that all supporting documents and approvals are in place and complete and in accordance with the company policies.
• The review and validation of employees’ payments (cheques & transfers)
• Review payroll journal entries
• Review the monthly payroll pension accounting entries.
• The review of entries related to vacation, tickets, end of services and other benefits related entries.
• Review of monthly balance sheet payroll related accounts reconciliation and ensure clearance/ resolution of outstanding open items.
• Review of petty cash and cash related entries and ensuring in line with policy and procedure
• Perform regular self-count on petty cash float.
• Ensure petty cash count is done by independent person other than the custodian.
• Ensure all cash collection are deposited regularly in the respective bank accounts, if applicable   

Job Requirements

• Education: BA accounting
• Skills: MS Office
• Experience: 5 years in Accounting/Finance position
• Languages: Excellent verbal and written communication skills in Greek & English are a must.

Job Benefits

The client is offering a salary of 3500 Euros gross monthly

TO APPLY for this job opportunity, send your CV (in English please) and include the reference: Finance Manager - VAC-A1467. We look forward to hearing from you!