Manager, Accounts, KRI Operations

MAJOR FUNCTIONS

Managing the development and implementation of accounting policies, systems and procedures for KRI and affiliated companies. Reconciles accounts and prepares Accounting/Financial reports while ensuring adherence to all relevant internal and statutory controls. Carries out financial Auditing procedures when required.

ESSENTIAL FUNCTIONS

  Financial Control:

• Oversee and manage the financial control processes to ensure accuracy, completeness, and timeliness of financial data (Budget Vs Actuals, review of AFEs etc.)
• Develop and enforce internal controls and accounting policies to safeguard company assets and ensure compliance with relevant regulations.
• Participate in the development and monitoring of work program and budgets for Operations/Project Development Activities

  Book Closing:

• Perform regular reviews of financial transactions and reconciliations to identify and address discrepancies or issues.
• Coordinate with various departments to gather necessary information and documentation for book closing activities.
• Lead the month-end, quarter-end, and year-end closing processes, ensuring all financial transactions are recorded accurately and in accordance with accounting standards.

  Treasury Management:

• KRI based cash Flow Management: Monitor and manage daily cash flows in KRI to ensure sufficient liquidity for operational needs and investments.
• Compliance and Controls: Ensure compliance with internal policies and regulatory requirements related to treasury activities and financial transactions.

  Payroll Management:

• Manage and lead the payroll processing for Credan to ensure that all payroll transactions and reports are processed and completed according to generally accepted accounting principles.
• Ensure monthly payroll reporting to Head Office
• Ensure local governmental compliance on payroll matters (submission of quarterly PIT/other returns etc.)
• Work with HR and payroll teams in KRI and HO on all payroll matters to bring in additional efficiencies in reporting

  Financial Reporting (Management Reporting and Financial Statements):

• Analyze financial data and trends to provide insights and recommendations for financial performance improvement.
• Ensure that financial reports comply with regulatory requirements, industry standards, and company policies.
• Prepare and finalize financial statements of local entities in accordance with local laws and accounting standards (including handling the audit of the financial statements)

  Audits (Statutory/Government/Partner): Lead and manage the audit process:

• Ensure timely completion of audits of financial statement of local books and compliance on financial matters in line with local requirements.
• Government and Partner audits: Compilation of all audit requests, coordinating with various internal stakeholders, closing out queries with auditors, review and finalization of responses and submissions to auditors on Info Requests/Reports etc.

  Digital initiatives and General Support:

• Driving the automation in various routine and adhoc reporting (using latest technology)
• Provide support to the Head Office team in ad-hoc financial analysis, reporting, and project-based tasks.
• Collaborate with other departments to facilitate accurate financial reporting and analysis.
• Stay current with industry trends and changes in accounting standards that may impact the company's financial reporting

  Reporting and Communication

• Reports to the Director, Accounting & Reporting on all Accounting/Financial reporting and analysis issues.
• Liaises with relevant departments such as Supply Chain, Projects & Drilling (on budgets, contracts, other matters)
• Liaises with external bodies and representatives (e.g. Kurdish regulatory authorities & external auditors) to ensure ease and compliance on all accounting/financial matters.

  Continuous Improvement of Position

Conducts regular research on Accounting/Financial best practices and recommends subsequent strategies and plans to improve accounting operating functions.

Minimum Professional Experience Required

• Experience in a similar industry or field is a plus
• Bachelor’s degree in accounting and or/Finance
• Professional certification CA OR ACCA
• S4/Hana (Preferable)
• PowerBI (will be a plus)