Company Overview: 

We are a newly founded food processing factory dedicated to delivering highest-quality & organic aqua cultural food products to our customers. With state-of-the-art facilities and a commitment to innovation, we strive to provide nutritious and delicious food options to consumers worldwide.

Job Description:

We are seeking an experienced and detail-oriented Accounting Manager to join our team at Masheda Foods Limited. The Accounting Manager will be responsible for overseeing all aspects of financial management, including accounting, financial reporting, budgeting, stock/inventory management and forecasting. This role will play a critical part in ensuring the financial health and integrity of our organization.

Reporting Line:

Managing Director.

Directly supervises:

Accounting Team.

Liaises with:

Production & Quality Assurance/Control Manager, Accounts Team & Production Team.

Key Responsibilities:

1. Financial Reporting:

•    Prepare monthly, quarterly, and annual financial statements in accordance with GAAP.
•    Analyze financial data and provide insights to senior management for decision-making purposes.
•    Ensure accuracy and integrity of financial reports and compliance with regulatory requirements.

2. Budgeting and Forecasting:

•    Lead the budgeting and forecasting process, working closely with department heads to develop accurate financial projections.
•    Monitor budget variances and provide explanations for deviations from the planned budget.
•    Identify opportunities for cost savings and efficiency improvements.

3. Accounts Payable and Receivable:

•    Supervise accounts payable and receivable functions, ensuring timely and accurate processing of invoices and payments.
•    Review aging reports and follow up on outstanding receivables to minimize bad debts.
•    Maintain relationships with vendors and customers to resolve any billing or payment issues.

4. Inventory Management:

•    Oversee inventory accounting processes, including valuation, reconciliation, and analysis.
•    Work with operations and procurement teams to optimize inventory levels and minimize carrying costs.
•    Conduct periodic inventory audits to ensure accuracy and compliance with internal controls.

5. Financial Analysis:

•    Conduct financial analysis to support business decisions, such as pricing strategies, product profitability analysis, and capital investment evaluations.
•    Prepare ad hoc financial reports and analysis as requested by senior management.

6. Internal Controls and Compliance:

•    Develop and maintain internal control procedures to safeguard company assets and ensure compliance with company policies and procedures.
•    Coordinate with external auditors to facilitate the annual audit process and address any audit findings or recommendations.

Personal attributes:

1. Attention to Detail: A meticulous approach ensures accuracy in financial statements, reports, and calculations, reducing errors and mitigating risks.

2. Organizational Skills: Effective organization of financial data, documents, and schedules streamlines workflow and facilitates timely completion of tasks.

3. Analytical Thinking: The ability to analyze complex financial data enables identification of patterns, trends, and anomalies, aiding in decision-making and problem-solving.

4. Time Management: Prioritizing tasks and managing time effectively allows for the timely completion of projects, meeting deadlines, and minimizing delays.

5. Adaptability: Being adaptable to changing regulations, technologies, and business requirements helps accounting executives stay relevant and responsive in dynamic environments.

6. Communication Skills: Clear and concise communication with team members, clients, and stakeholders ensures mutual understanding and facilitates collaboration.

7. Integrity: Upholding ethical standards and maintaining confidentiality fosters trust and credibility, essential for the integrity of financial information and professional relationships.

8. Technological Proficiency: Proficiency in accounting software and financial tools enhances efficiency in data processing, analysis, and reporting.

9. Problem-solving Ability: Proactively addressing challenges and finding innovative solutions improves efficiency and effectiveness in financial management.

10. Continuous Learning: A commitment to ongoing learning and professional development ensures staying updated with industry trends, best practices, and regulatory changes, enhancing effectiveness and adaptability.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or related field; CPA designation preferred.
• Minimum of 5 years of progressive experience in accounting and financial management, preferably in the food processing industry.
• Strong understanding of GAAP and financial reporting requirements.
• Proficiency in accounting software (e.g., QuickBooks, SAP) and advanced Microsoft Excel skills.
• Excellent analytical and problem-solving skills, with the ability to interpret financial data and provide strategic insights.
• Strong leadership and interpersonal skills, with the ability to effectively communicate and collaborate with cross-functional teams.
• Detail-oriented and highly organized, with the ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Experience in inventory management and cost accounting is a plus.

Benefits:

• Competitive salary structure.
• Health benefits & onsite clinical packages.
• Opportunities for professional development and advancement.
• Collaborative and inclusive work environment.
• Employee discounts on company products.