Job Description

About Us

As a leader in luxury retail in the Middle East, Al Tayer Group's retail division, Al Tayer Insignia, hosts a portfolio of some of the world's best luxury brands in the fashion, jewellery, home and department store categories. Complementing its position in luxury retail, Al Tayer Insignia has also built new frontiers in lifestyle retail, representing leading brands in the Beauty, Home, Fashion and Hospitality sectors. Our brands include Bloomingdales, Harvey Nichols and Armani to name just a few!

About The Role

To manage the accounting function of the regional companies (or assigned companies - as applicable) in accordance with international standard accounting practice, to accurately compute and reflect the financial position of the company

What You'll Be Doing

Exercise proper control over the capital expenditures and ensure accurate capitalization of the assets.

Analyze the inter company, head office expenses and other overheads and ensure proper controls as compared to budgeted figures and seek proper explanation to validate them.

Allocate the common expenses to various cost centers as per predefined criteria and ensure control over common accounts.

Assist in preparing budgets, business plan and forecast exercises by liaising with other departments involved, collection and verification of data and populating it in budgeting tools.

Ensure proper accrual is being maintained for the services availed and compile the same in balance sheet schedules.

Prepare sales report or Ad Hoc reports for management to evaluate business performance.

Liaise with the operational units to identify Forex requirements and report same to treasury department.

Liaise with banks for bank guarantees, letter of credit (Import/ export) as requested by operations.

Facilitate the audit of accounts by internal and external auditors. Examine the audit report in consultation with seniors and implement corrective action if required to improve efficiency and transparency.

Support periodic counts of fixed assets and trading inventory to ensure its availability and fair valuation

Maintain books of accounts of the Company in Arabic and in line with local regulations

Assist in preparing KSA withholding tax returns and coordinate with Tax Manager to complete the submission

Coordinate with External Auditors for KSA Zakat return finalization, submission, and assessment procedures

Manage petty cash float for KSA operation: custodian, payments, replenishment and controlling

Act as local point of contacts for Banks and Financial Institutions- fund transfers, cash collections, KYC updates, credit card collections etc.

About You

5 to 7 years in an accounting function, Commerce graduate with CA Inter/ Semi qualified Schedule: Full-time Shift: Day Job