Accounts Team Lead

The Accounts Team Lead is responsible for leading the financial planning, budgeting, reporting, and control activities of the organization. This role ensures compliance, supports strategic decision-making, and provides high-level financial insight to senior management. The position plays a key role in managing financial risks, maintaining internal controls, and optimizing the company’s financial performance.

Duties & Responsibilities
Financial Accounting
- Ensure accurate and timely recording of all financial transactions.
- Maintain the general ledger and oversee month-end and year-end closing processes.
- Review journal entries, account reconciliations, and financial adjustments.

Accounts Payable & Receivable
- Supervise supplier invoice processing and payment approvals.
- Monitor and enforce cut-off dates for monthly payables to ensure timely settlements.
- Monitor clients’ financial standing regularly to mitigate the risk of bad debts and avoid potential write-off situations.
- Follow up on receivables and manage collections efficiently.

Financial Reporting & Analysis
- Verify monthly, quarterly, and annual financial statements.
- Analyze profit margins, product-level costs, and business unit performance.
- Provide financial insights for pricing decisions, supplier negotiations, and bulk purchases.
- Assist in budgeting and forecasting for inventory and trading operations.
- Prepare management financial projections and forecasts.

Budgeting & Cost Accounting
- Develop annual budgets and financial forecasts.
- Review operational expenses (rent, utilities, fuel, stationery, courier, etc.) and flag unusual or excess spending.
- Support the valuation of closing stock at month-end/year-end.
- Track budget utilization and prepare variance reports with explanations.

Sales Margin & Pricing Analysis
- Analyze gross profit margins by customer, product, or region to detect areas with margin leakage.
- Monitor impact of discounts and promotional pricing on profitability.
- Alert sales and management if discounts are affecting profitability beyond acceptable levels.

Audit & Insurance
- Coordinate with external auditors for audits and inspections.
- Coordinate with insurance companies for all insurance requirements. Negotiate pricing and terms as required.
- Review terms and conditions of insurance agreements annually.

Cash Flow & Bank Management
- Monitor and reconcile daily cash positions.
- Maintain banking relationships and oversee bank statement reconciliations.
- Forecast fund requirements based on payables and upcoming projects.
- Coordinate with banks for LC (Letter of Credit), bank guarantees, and fund transfers.
- Manage and allocate funds on a priority basis.

Team Supervision & Coordination
- Lead and supervise a team of accountants and finance assistants.
- Ensure timely completion of monthly and year-end activities.

Interdepartmental Coordination
- Coordinate with procurement, HR, operations, and other departments for financial matters.
- Support the management in decision-making with relevant financial inputs.

Contracting Division Oversight
- Coordinate between management and contracting partners for project requirements to ensure smooth operations.
- Follow up on outstanding payments.
- Facilitate and oversee the purchase of products for the projects.
- Forecast timely funds required for the projects and submit to management.

How to Apply ?
Interested candidates, please share your CV to:
recruitment@almgtc.com