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Finance Officer

Arab Media Group (AMG)

Job description / Role

The Finance Officer will be responsible for the Group’s Fixed Assets function. He or she will also assist the Finance Director in managing and monitoring the treasury function of the group.

Key Accountabilities (includes, but not limited to the following):

Fixed Assets
Record newly acquired fixed assets in the accounting system and those disposed after ensuring that necessary procedures have been followed in line with the group’s governance model
Track Group’s fixed asset spending in relation to its capex budget, as well as DOA authorizations.
Allocate tag numbers to fixed assets to effectively track them from time to time
Track, compile, and record project costs in fixed asset accounts
Perform reconciliation of fixed asset sub-ledger balance with the general ledger balance
Perform depreciation calculation for all fixed assets
Find out fixed assets’ obsolescence potential
Recommend fixed assets that should be disposed-off to the management
Perform fixed asset related analyses as per the management request
Recommend any updates to accounting policies affecting fixed assets
Create fixed asset related audit schedules and collaborate with auditors on their assignments
Assist in carrying out fixed assets valuation for insurance purpose
Partner and collaborate with internal stakeholders (Operations, IT, Projects, etc.) to resolve issues.
Assist in implementing and smooth running of fixed assets accounting and reporting systems.

Treasury and other activities
Assist in opening, operating and closing of group bank accounts
Assist in updating bank mandate for online banking
Monitor the group banking facilities (Loans, Letters of Credit, Bank Guarantees, etc.) and support its requirements
Review the interest credit, interest expense and bank charges on regular basis
Review bank reconciliations of all bank accounts
Assist in placement of fixed deposits
Support cash forecasting process
Liaise with banks relationship managers to resolve banking related issues
Perform any other task or project assigned from time to time

Key Performance Indicators:
Meeting all applicable deadlines
Lead time in delivering reports
Quality, relevance and accuracy of reports/fixed assets register/analysis

Competencies
Excellent attention to detail
Business partner and customer focus
Results driven
Proactive and forward thinking
Ability to work under pressure and prioritize effectively within a changing and fast-paced commercial environment.
Excellent communicator at all level of the organization
Excellent verbal and written communication skills in English
High degree of autonomy and integrity
Strong ability to apply several accounting and reporting systems
A fun, positive and dynamic attitude

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