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Payable and Receivable Accountant

Job Title: Payable and Receivable Accountant
Contract Type: Permanent
Location: Iraq, Iraq
REF: 1133
Contact Name: Zainab Mohammed
Job Published: over 1 year ago

Job Description

MSELECT is looking for a Payable and Receivable Accountant for a multinational company in Falluja Responsible for preparing financial statements, maintaining cash controls, preparing the financial report and maintaining accounts payable and managing office finance operations. The Finance Officer must work within the Financial Management policies and procedures and in compliance with all requirements.

Role and Responsibilities:


  • Administer and monitor the financial systems in order to ensure that the municipal finances are maintained in an accurate manner:
  • Assist with preparation of the budget
  • Implement financial policies and procedures
  • Establish and maintain cash controls
  • Establish, maintain and reconcile the general ledger
  • Maintaining the NPG Financial reporting and necessary costing
  • Monitor cash reserves and investments
  • Prepare and reconcile bank statements
  • Establish and maintain supplier accounts
  • Maintain the purchase order system
  • Ensure data is entered into the system
  • Ensure transactions are properly recorded and entered into the computerized accounting system
  • Prepare income statements, balance sheets, monthly financial statements, quarterly reports and report on variances.
  • Assist with the annual audit
  • Maintain the computerized accounting system and financial files on record
  • Maintain the accounts payable and receivable systems in order to ensure complete and accurate records of all moneys
  • Ensure the safeguarding of all National Paints Group
  • Reconcile the accounts payable and weekly deposits
  • Reconcile & Maintain Fixed Assets register


  • Issue timely and complete financial statements of NPG
  • Coordinate the preparation of the corporate annual report for DIFC and Auditor
  • Recommend benchmarks against which to measure the performance of company operations
  • Manage the production of the annual budget and forecasts
  • Calculate variances from the budget and report significant issues to management
  • Provide financial analyses as needed, in particular for capital investments, pricing decisions, and contract negotiations


  • Prepare, analyze and report weekly, monthly, quarterly gross margin analysis by brand by customer type
  • Assist in month-end closing, prepare journal entries as necessary, analyze inventory evaluation, inventory roll forward
  • Prepare collateral reporting
  • Analyze cost accounting data and assist with cycle count/physical inventories
  • Maintain internal control documentation and test internal controls
  • Prepare detailed account analysis and reconcile sales, cost and inventory, liability accounts by customer type by division
  • Review and analyze inventory and margin reports, conduct research and perform analytical studies in regards to cost analyses and profitability
  • Work in special projects as required
  • Support and assist internal department reporting requirements such as audit schedules, tax schedules and others
  • Ensure timely submission, accuracy and validity of inventory, gross margin schedules to management


  • Conduct ongoing process constraint analyses
  • Report on breakeven points by products, work centers, and factories
  • Report on margins by product and division
  • Report on periodic variances and their causes, focusing in particular on spending variances
  • Analyze capital budgeting requests
  • Perform cost accumulation tasks as a member of the target costing group


  • Maintain a documented system of accounting policies and procedures
  • Manage outsourced functions
  • Oversee the operations of the accounting department, including the design of an organizational structure adequate for achieving the department's goals and objectives
  • Oversee the accounting operations of subsidiary corporations, especially their control systems, transaction-processing operations, and policies and procedures.


  • Coordinate the provision of information to external auditors for the annual audit
  • Monitor debt levels and compliance with debt covenants
  • Comply with local, state, and federal government reporting requirements and tax filings


  • Bachelor’s degree in Accounting
  • Communication Skills - Written and verbal fluency in English
  • Computer literacy (Windows Office package), highly proficient level in computerized accounting, spreadsheet and word processing programs
  • Strong interpersonal skills
  • Time Management
  • Stress Management
  • Accounting and Bookkeeping skills
  • Decision Making
  • 5+ year experience in Accounting in comparable business organisations (preferably in a multinational environment)