Accounting Manager

The Role

Reporting directly to the CFO of Louis Vuitton Middle East, your role will be to supervise the activities related to accounts and general ledger management with effective use of information systems ensuring that financial procedures and internal control techniques are carried out and aligned to the business plan and established policies and procedures.

Managing a team of nine (9) staff, your role will include:

• Manage and support the Accounts Payable (AP), Accounts Receivable (AR), and the Treasury team:

ACCOUNTING

• Ensure all financial reporting deliverables are completed timely and comply with business and policies and standards, including monthly, quarterly, annual, reportings.
• Manage month end close and the general ledger (9 legal entities covering 6 countries) ensuring it covers all transactions and journal entries and is properly updated, maintains accurate accounting and financial records to secure accuracy, completeness, and compliance with established accounting policies and procedures.
• Manage and supervise the efficient, timely and accurate payments (AP Process) starting from the compliance with procurement policy (completeness of documentation / vendor creation), receipt of invoices until their processing, to maintain the accuracy of accounts.
• Manage oversight of AR process and ensure accuracy (e.g. sales and bank reconciliations).
• Implement group policy, systems, processes, procedures and controls covering all functional areas in line with group delegation of authority policy to ensure fulfilment of all relevant procedural/legislative requirements while delivering quality and cost-effective service in a consistent manner.

CASH MANAGEMENT

• Manage the Treasury for the Middle East scope.
• Ensure that the banks are cleared and reconciled on a daily basis.
• Review the communication with the banks for bank signatories update.
• Review the bank KYC and ensure that the proper documentation is shared with the banks.
• Review the weekly payments prepared by the AP team and validate them.
• Follow up and execute the BOD signed, related to bank signatories update and dividends distribution.
• Manage the monthly treasury reporting.

TAX MATTERS

• Review the monthly VAT declaration prepared by the Senior Accountant
• Review the VAT prepared and declared by the tax advisors
• Review the CIT declaration, where applicable
• Manage the CIT project in the UAE.
• Ensure that the WHT schedules are submitted on time.
• Follow up on the tax requirement from the authorities, mainly for Saudi Arabia
• Manage the tax audit performed by the tax authorities.

AUDIT / COMPLIANCE

• Ensure all financial controls are adequately applied so the books of account will always present a true and fair view.
• Manage the year end audit and prepare the yearly financial statements for all entities, including the consolidated financial statements.
• Monitor and respond to audit queries (internal or external), ensure tracking of any audit discrepancies and ensure compliance with all audit/regulatory requirements.
• Ensure adherence of the financial internal controls and policies.
• Ensure compliance with financial authority norms / regulations.

COSTS / EFFICIENCY

• Improve financial processes, reducing execution time and improving accuracy.
• Participate in improvement projects within the company.
• Be cots oriented, negotiate the fees mainly related to the tax advisors and credit cards commission.

INTERNAL & EXTERNAL RELATIONS

• Maintain a smooth relationship with the stores teams.
• Assist and attend the meeting related to events, popups, store opening,…
• Manage local relations with statutory auditors / tax advisors / tax authorities / banks.
• Coordinate with EMEA Zone & Central counterparts (Treasury / Finance).

The Candidate

• Master’s or degree in Finance, Accounting, Economics or Management
• 10 to 15 years of relevant working experience
• Knowledge of SAP
• English and Arabic speaker