Senior Specialist Accounting/ AP

Purpose & Overall Relevance for the Organization:

To perform solid bookkeeping, both compliant internally (Group policies and guidelines) and externally (local audit/tax requirements) by establishing strong controls and processes with a focus on Retail Accounting, Trade / Non-Trade Purchasing, Fixed Assets and General Ledger.

Key Responsibilities:

· To prepare and book operating expenses in accordance with Group finance manual.

· To review and post bookings from another team member to ensure strong controls.

· To perform daily and recurrent tasks (monthly entries, quarterly forecasts, yearly budget) as per the Group deadlines and IFRS requirements.

· To initiate and drive improvement in current accounting processes and to control proper implementation.

· To support other departments in driving process improvements in all accounting related processes.

· To support Accounting Team Manager in administering accounting system maintenance.

· To meet the set timelines of the Accounting Team Manager for the month end closing process of two companies.

· To monitor and reconcile the monthly B/S and P&L movements within The Accounts Payable Section.

· To monitor and reconcile the Non-Group payables & Group Intercompany balances, and the payments planning.

· To monitor and review all adidas Imports & Exports company for the customs clearing files submitted by SCM team along with the GL posting.

· To monitor and clear the monthly accruals and provisions.

· Handling the company insurance policies with the Group and the employees Medical/Life insurance with HR department.

· To control and clear all Banks interim accounts.

· To ensure proper compliance of accounting processes and policies with the Group Internal guidelines (ICS).

· To highlight control deficiencies to Senior Management and implement solutions to close control gaps.

· To review and follow up of all outstanding accounts payable transactions.

· To ensure proper submission of financial reports to the external auditors.

· To ensure the Head Office safe custody.

· To submit all payments requests in line with the defined cut-off times.

Controlling:

· To measure progress on own KPIs.

· To highlight any deviations to agreed plans to the Accounting Team Manager.

· To ensure a strong internal control environment in Accounting, with a strong focus.

KPIs:

· Accuracy on all booking and reporting.

· Clean system bookkeeping.

· Score of the ICS/internal audit for the Retail accounting and AP part.

· Satisfaction of internal (other functions, Management) and external parties (Auditors…).

· Reliable financial feasibility analysis (submission of RFC and Budget within dedicated area of responsibility).

Key Relationships:

· All local departments

· Retail Stores

· Vendors (utilities)

Knowledge, Skills and Abilities:

· Commercial acumen: Very good numerical and analytical skills.

· Good written and verbal communication, presentation and facilitation skills.

· Fluent English (verbal and written).

· Strong MS-Office skills (Word, Excel, PowerPoint), proficient in MS Office.

· Strong SAP knowledge is required.

Requisite Education and Experience / Minimum Qualifications:

· University degree in business with corporate finance, or accounting focus.

· Functional: > 3 - 5 years accounting and controlling.

· Industry: ideally apparel/fashion/shoes or FMCG.

· Exposure: Audit, tax, insurance.

IT skills:

· Outlook: Basic

· Word: Basic

· Excel: Expert

· PowerPoint: Advanced

Language skills:

· English: Fluent

· Arabic: Fluent