ACCOUNTANT

Role Overview

Accountant position at Napco National. The role is based in a distributor area and reports to the Country Manager and Chief Accountant.

Role Purpose

Monitor and verify all financial, compliance, and operational controls across the distributor's accounting activities, price management, inventory, and staff benefits to ensure alignment with company policies, regulations, and approved budgets.

Key Responsibilities

Financial Control & Compliance

• Ensure implementation of distributor agreements, company policies, FCA rules and regulations.
• Verify records and track all Debit notes activities received from distributor to match company policies.
• Verify and control over the physical inventory report generated in case of price variance and follow up the issuing of related Debit/Credit notes.
• Report discrepancies to management and highlight non-moving items or overstocked inventory.
• Ensure finalization process of the distributor's balance confirmation on monthly basis.

Price Management & Approvals

• Ensure daily control over Free of Charge activities, Trade Loaders and Price Difference deviated from the approved price list.
• Verify and check the implementation process of the price list and special quotations entry to the distributor's system.
• Verify authorities and approval cycle for price list changes.

Customer Agreements & Spending Control

• Review shelf rents, rebates and floor display agreements of key account customers and co-ops.
• Verify approval cycle, claimed values and documentation for customer agreements.
• Verify spending control versus set and approved budget for shelf rents and rebates.
• Verify various promotion activities of the area, approval cycle and spending control versus set and approved budget.
• Follow up table updates for customer agreements and promotion activities.

Inventory & Stock Management

• Verify, control and spot check over the monthly Finished Goods stock movement of the distributor.

Staff Benefits & Payroll

• Check and verify staff benefits and all documents received from personnel and accounting departments including Housing, Tickets, Vacation slips, EOSI payment, staff expenses claims and incentives.
• Ensure implementation of the Staff Release Form prior to vacation or termination and passport final handover.

Government & Statutory Obligations

• Check and verify GOZI's Debit note raised by distributor based on the declared statement issued to the area's social security office.
• Verify and control government activities paid by distributor such as Iqama fees, labor office and driving license fees.
• Ensure conformity with local governmental fees and follow up table to avoid duplication.

Banking & Credit Facilities

• Maintain tight follow up with distributor's accounting department to open necessary letters of credit and Bank Guarantees on due time.

Vehicle & Travel Expenses

• Verify Car and Vans rental agreements and update follow up table to avoid duplication.
• Initiate prompt settlement of rental agreements.
• Verify fuel expenses cost and its conformity with call cycles and running mileages.

Customer Risk & Aging Analysis

• Assist Country Manager to control risky customers and review the Area's aging on monthly basis.

Sales Support & Communication

• Perform close communication with Sales force and support them in solving problematic issues.

Special Projects

• Assist the company Chief Accountant in special assignments.

Qualifications & Experience

• Bachelor Degree in Accounting or equivalent.
• Minimum 2 years' post-degree experience in clerical accounting works.

Additional Information

Internal & External Interfaces

Internal stakeholders include all Business Unit Departments, especially Sales and Personnel departments. External interfaces include Banks, Suppliers, GOSI, Medical Insurance, Distributors, government agencies, other Divisions and INDEVCO.