Sr. Accountant

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Kuwait International Laboratory, established in 1999 (LABCO), is the first locally owned, and is accredited by DAkkS Germany. LABCO provides third party quality control and assurance services through scientific analytical data for microbiological and chemical testing, along with, Total Quality Management Services, QMS – Consultations, Training and certifications for all categories of ISO.

 LABCO accreditations and Good Laboratory Practices implementation, ensures that the prescribed process / high quality standards are adhered to for every test conducted, thus minimizing the possibility of errors to deliver near accurate and reliable results.

The role in brief:

Responsible for financial reporting, financial profitability analysis, maintaining the centralized revenue and expenditure accounts of the business units, general ledger accountability, and other special projects as assigned.

Your Responsibilities

• Prepare asset, liability, and capital account entries by compiling and analyzing account information.
• Summarize current financial status by collecting information; preparing balance sheet, profit and loss statement, and other reports.

• Maintain financial security by following internal controls.
• Prepare payments by verifying documentation and requesting disbursements.
• Ensure accounting policies and regulations are adhered to; comply with local financial legal requirements by studying existing and new legislation, enforcing adherence to requirements, and advising management on needed actions
• Prepare periodic reports
• Understand operations to ascertain accounting needs and to recommend, develop, and maintain solutions to business and financial issues
• Advise management about issues such as resource utilization, tax strategies (as applicable), and assumptions underlying budget forecasts

• Handle the departmental accounting function and coordinate the completion of periodic financial reporting
• Prepare statements and maintain accounting records
• Cash reconciliation
• Advise department head and managers on the use and source of funds
• Maintain records of contracts and cost estimates
• Advise on accounting matters and provide guidance/assistance to accountants
• Assist in formulation of work measures to maximize efficiency and cost savings
• Maintain records for internal and external audits