Job Description

Date Posted: 2009-10-27 Ref. JB1341668

Chief Accountant
Luminus Group

Duties and Responsibilities:

• Supervises on all financial matters in the Company (Recording transactions and updates them according to the Generally Accepted Accounting Procedures and according to the Jordanian accounting regulations).
• Supervise the preparation of the employees’ payroll, organizes them in accordance with the Company’s policies regarding such matters.
• Mange and control the cash flow issues (payments and receipts) on daily basis.
• Supervise monthly bank reconciliations
• Supervising the closing of the accounting at the end of each fiscal period (monthly trial balances).
• Prepares financial statements required by law or by management.
• Submits monthly and quarterly executive reports.
• Audits all incoming financial documents and forms.
• Ensure that the applied finance policies are in accordance with approved policies by the high management.
• Prepares end of month balance for all transactions.
• Prepares annual balances.
• Constant contact with banks in order to check on money transfers and checks.
• Checks and follows up on Bank Letters of Credit (L.C) and letter of guaranties (L.G)
• Signs and audits pay orders and purchase orders.
• Audits and participate in approving tenders’ bids.
• Supervise all calculations for both employees’ income tax and social security.
• Acts as a financial advisor to the executive manager.
• Participates in setting Company’s financial targets and goals.
• Preparing the Company's budget based on each department's budget expenses and forwarding it to the executive manager approval, controlling the budget and preparing all necessary reports for comparing the budgeted figures with actual to be presented to the management periodically
• Formulates financial systems and plans that fulfills the objectives of the Company and achieves its strategies, in coordination and under supervision of the executive manager. (Starting with cash management system, costing system, reports analysis module and budgeting system).
• Establish Fixed Assets register and Inventory register with needed polices, procedures and forms.
• Supervises on all employees in the Financial Department & controlling the flow of work in the department (job description and chart of the department) under his supervision and working to improve and develop the work in his department.
• Ensure the existence of good control system.
• Any other duties assigned to him by his direct supervisor within the office’s applied regulations and procedures.Duties and Responsibilities:
• Supervises on all financial matters in the Company (Recording transactions and updates them according to the Generally Accepted Accounting Procedures and according to the Jordanian accounting regulations).
• Supervise the preparation of the employees’ payroll, organizes them in accordance with the Company’s policies regarding such matters.
• Mange and control the cash flow issues (payments and receipts) on daily basis.
• Supervise monthly bank reconciliations
• Supervising the closing of the accounting at the end of each fiscal period (monthly trial balances).
• Prepares financial statements required by law or by management.
• Submits monthly and quarterly executive reports.
• Audits all incoming financial documents and forms.
• Ensure that the applied finance policies are in accordance with approved policies by the high management.
• Prepares end of month balance for all transactions.
• Prepares annual balances.
• Constant contact with banks in order to check on money transfers and checks.
• Checks and follows up on Bank Letters of Credit (L.C) and letter of guaranties (L.G)
• Signs and audits pay orders and purchase orders.
• Audits and participate in approving tenders’ bids.
• Supervise all calculations for both employees’ income tax and social security.
• Acts as a financial advisor to the executive manager.
• Participates in setting Company’s financial targets and goals.

Skills

Qualifications and Experiences:

• Bachelor degree in accounting
• Five years of experience in accounting.
• Fluent in Arabic and very good in English Language.

Authorities:

• Signing all payment vouchers and entries
• Signing petty cash and cash disbursement with approved limits
• Signing checks with approved limits.
• Contacting banks.
• Approving tenders’ bids.
• Assessment of employees under his direct supervision.

Authorities:

• Signing all payment vouchers and entries
• Signing petty cash and cash disbursement with approved limits
• Signing checks with approved limits.
• Contacting banks.
• Approving tenders’ bids.
• Assessment of employees under his direct supervision.
• Administrative supervision on all the aspects of the Financial Department and employees.
• Any other authorities delegated to him by his direct supervisor.

Job Objectives:

Supervision on the accounting Department and the financial system to check for their compliance with overall company’s policies. He is supervised by the Financial Manager and report directly to him (and to the MD upon the MD request) about his responsibilities and duties determined in the financial manual, and coordinates with the other departments in the Company in all matters relating to financial aspects.

Supervises on:

• Senior accountant
• Accountants.
• Cashiers.
• Collectors.
Controlling their work and directly supervising them and coordinates with them to the extent of their authorities and receive their periodical reports and statistical and administrative information and financial analysis for discussion and study which may be reported to the management along with his main report concerning the Company’s financial issues.

Company Profile

LUMINUS Group is a private shareholding company headquartered in Amman Jordan. Its investments range across diverse sectors such as education, trading, and hospitality across the MENA region. In 2006, LUMINUS Group chartered a new direction for the group to capture the economic boom in Jordan and the Levant region, and to provide international standards of education and services to this market.

Luminus Group’s vision is to provide quality of education in regards to content and teaching practices. Luminus Group’s educational entities focus solely on the student’s achievements and delivering to them high standards of all facets of education.

In line with this it began construction of its new regional Headquarters on Airport Road to provide the most modern state of the art facilities to its clients. The new corporate headquarters is home to LUMINUS’ 400 employees and over 5, 000 students. The Group’s goal is to establish a new standard of quality education of services for Jordan and the Levant region.