8 Accounting Manager jobs in Bahrain

Operation

Division Finance

Location

Closing Date 17-Dec-2024

Zain is the pioneer of mobile telecommunications in the Middle East. We began life in 1983 in Kuwait as the region’s first mobile operator, and since the initiation of our expansion strategy in 2003, we have expanded rapidly. Read more here: About Us .

The Specialist – General Ledger & Accounts Payable will play a crucial role in ensuring the accuracy, integrity, and efficiency of the financial records within the financial operations department. He/she will be responsible for maintaining the general ledger, supporting the accounts payable operations, performing month-end close activities, and supporting financial reporting processes.

1. Maintenance of the general ledger for the Company including subsidiaries, journal entry preparation, account reconciliations, and ledger analysis.
2. Ensure adherence to accounting policies, procedures, and internal controls to safeguard the integrity of financial data.
3. Support the month-end close process, coordinating with cross-functional teams to ensure accurate and timely financial reporting.
4. Review/finalize journal entries, accruals, and adjustments to ensure completeness and accuracy of financial statements.
5. Support financial reporting activities, including the preparation of monthly, quarterly, and annual financial statements in accordance with company policies.
6. Collaborate with internal and external auditors to facilitate audits and address any audit findings or inquiries.
7. Identify opportunities for process improvements and automation to enhance the efficiency and effectiveness of general ledger processes.
8. Implement best practices and streamline workflows to optimize resource utilization and minimize errors.
9. Provide training, coaching, and mentorship to team members to enhance their skills in accounting and finance.
10. Stay updated on accounting standards, regulations, and industry trends, and share knowledge with the team.
11. Collaborate with other departments, such as Accounts Payable, Accounts Receivable, and Financial Planning & Analysis, to ensure alignment and accuracy of financial data.
12. Ensure the invoice processing and payments maintaining accuracy, completeness, and compliance with company policies and procedures.
13. Maintain relationships with vendors and suppliers, addressing any issues or concerns related to accounts payable transactions.
14. Identify opportunities to streamline accounts payable processes and improve efficiency through automation, standardization, and best practices while ensuring compliance with accounting standards.
15. Support the month-end and year-end close processes, including accruals, reconciliations, and financial reporting related to GL/accounts payable.
16. Perform any other related tasks as requested.

Extensive knowledge of accounting principles, and a proactive approach to problem-solving.

Competence to handle both Business users and Suppliers under the AP function.

Bachelor's degree in accounting or finance.

Professional qualifications such as ACCA is preferred.

5+ years of relevant experience in finance/accounting.

If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application, you would need the following document(s):

Position Title: Senior Manager – Managerial Accounting for Islamic Bank

Employment Type: Full Time

Salary: all-inclusive depending on experience and qualifications

About the Client:

One of the oldest and most trusted Islamic banks, known for its strong reputation both locally and internationally.

Job Description:

• Prepare periodic managerial package about bank performance analysis, actual results versus budget, market share trend, profitability analysis for bank and business sectors within the bank.
• Design and prepare profitability analysis for business sectors, products, and branches by using best practices for cost allocation methods and FTP methods.
• Design and supervise the bank budget process, coordinate and participate with all bank units.
• Develop and oversee financial systems and procedures and identifying opportunities to improve these.

Qualifications:

• Bachelor’s degree in finance or related field; master’s degree will be preferred
• Minimum 10 years of extensive work experience in the financial and banking sector, preferably with an international Islamic bank.
• Must be expert in Fund Management, Budgeting and Planning, Forecasting, Regulatory and Compliance Knowledge, Sharia Principles of Islamic Finance

Position Title: Senior Manager – Managerial Accounting for Islamic Bank

Employment Type: Full Time

Salary: all-inclusive depending on experience and qualifications

Job Location: Bahrain

About the Client:

One of the oldest and most trusted Islamic banks, known for its strong reputation both locally and internationally.

Job Description:

• Prepare periodic managerial package about bank performance analysis; actual results versus budget, market share trend, profitability analysis for bank and business sectors within the bank.
• Design and prepare profitability analysis for business sectors, products, and branches by using best practices for cost allocation methods and FTP methods.
• Design and supervise the bank budget process, coordinate and participate with all bank units.
• Develop and oversee financial systems and procedures and identifying opportunities to improve these.

Qualifications:

• Bachelor’s degree in finance or related field; master’s degree will be preferred
• Minimum 10 years of extensive work experience in the financial and banking sector, preferably with an international Islamic bank.
• Must be expert in Fund Management, Budgeting and Planning, Forecasting, Regulatory and Compliance Knowledge, Sharia Principles of Islamic Finance

Since 1998, Havelock One Interiors has established itself as a leading provider of turnkey fit-out services across the Middle East. We specialize in interior contracting and the manufacture of bespoke joinery, metalworks, and sophisticated shop fittings.

Due to our expansion in Bahrain, a key growth market, we are seeking experienced professionals to help drive our business forward. We are offering interviews to well-qualified candidates keen to advance their careers. We provide an established working environment with a loyal and respectful corporate culture.

Bahrain, our operational hub for over 25 years, is home to our specialist joinery and metalwork manufacturing teams alongside most back-office functions. Our turnkey fit-out contracting divisions operate across Bahrain, the UAE, Qatar, Kuwait, and Saudi Arabia.

Role Summary

The role is responsible for overseeing the management of Management Information Systems (MIS) and general accounting functions within the organization. It involves generating accurate and timely financial reports, while ensuring the integrity of financial data.

Role Description

MIS and Reporting

• Develop, implement, and maintain effective MIS systems to support business decision-making
• Prepare and analyze comprehensive financial reports, including P&L, balance sheet, cash flow, and key performance indicators (KPIs)
• Conduct in-depth financial analysis, identifying trends, variances, and opportunities for improvement
• Provide actionable insights to management based on data analysis
• Develop and maintain financial dashboards and reporting tools
  
  

• Oversee day-to-day accounting operations, ensuring accuracy and compliance with accounting standards
• Manage the general ledger, accounts payable, and accounts receivable functions
• Supervise the preparation of monthly, quarterly, and annual financial closures
• Coordinate with internal and external auditors
• Ensure compliance with tax regulations and filing requirements
  
  

• Lead and mentor the MIS and accounting team
• Assign tasks, set goals, and provide performance feedback
• Develop the team''s capabilities through training and development
  
  

• Identify opportunities to streamline accounting and reporting processes
• Implement automation and digitalization initiatives
• Enhance the efficiency and effectiveness of the finance department
  
  

• A minimum of 5-7 years’ experience in similar roles (relevant industry experience will be an advantage)
• Qualified Chartered Accountant, or Bachelor’s/Master’s degree in Accounting, Finance, or another similar professional qualification
• Strong analytical and problem-solving skills
• Experience in management reporting and Excel presentation
• Business feasibility analysis skills
• Expertise in process and gap analysis
• Advanced Excel skills and experience with data analysis tools
• Proficiency in financial software and ERP systems
• Effective communication with all levels of management
• Experience with data visualization tools (Power BI, Tableau, etc.)
• Knowledge of budgeting and forecasting
• Ability to work under pressure and manage time effectively
• Excellent interpersonal skills

• Prepare and review periodic financial statements (e.g., balance sheets, income statements, cash flow statements) in accordance with IFRS/GAAP.
• Assist in the preparation of regulatory reports for submission to central banks and other financial authorities.
• Conduct thorough financial analysis, including variance analysis and trend analysis, to provide insights into financial performance.
• Reconcile financial discrepancies by collecting and analyzing account information.
• Collaborate with internal and external auditors during financial audits.
• Ensure compliance with all accounting policies, internal controls, and regulatory requirements.
• Support the annual budgeting and forecasting processes.
• Assist in the development and implementation of new accounting policies and procedures.
• Research and interpret complex accounting standards and financial regulations.
• Prepare ad-hoc financial reports and presentations for management as required.

• Bachelor's degree in Accounting, Finance, or a related field.
• CPA, CFA, or ACCA certification is highly preferred or in progress.
• Minimum of 3-5 years of experience in financial reporting, auditing, or accounting, preferably within the banking or financial services industry.
• Strong knowledge of IFRS/GAAP and financial reporting standards.
• Proficiency in financial software and ERP systems (e.g., SAP, Oracle, Tally).
• Advanced Excel skills (pivot tables, VLOOKUPs, financial modeling).
• Excellent analytical, quantitative, and problem-solving abilities.
• Strong attention to detail and accuracy.
• Ability to work independently and collaboratively in a fast-paced environment.
• Exceptional written and verbal communication skills.

Purpose of Role
To manage reporting and reconciliations and to manage the Inventory Management Functions.

Key Accountabilities

1. Preparation of Monthly Accounts.
2. Prepare quarterly consolidated accounts for statutory audit.
3. Liaise with external auditors on a quarterly basis on the preparation of statutory accounts.
4. Ensure timely completion and submission of the quarterly statutory accounts as required by Bahrain Bourse and the Central Bank of Bahrain.
5. Review and monitor Balance sheet reconciliations performed on a monthly basis.
6. Review slow moving stock and make provision each quarter end.
7. Fixed Asset Management – Ensure all assets are tagged and verified on an annual basis.
8. Perform monthly and year end close of financial records.
9. Review and manage all Advertising and Beauty Advisor contracts, ensuring all contracts are recorded in the correct period.
10. Manage and review all Payables and Receivable account balances.

1. Review the stock control perpetual count plan and make changes as deemed necessary. Review the bi-annual full stock count plan with the Stock Control manager.
2. Review and follow up on stock count and spot check reports.
3. Analysis of inventory adjustments for posting to general ledger including the stock provision, stock damages and obsolete stock for write off.
4. Supervise the financial reporting function.
5. Ensure timely and accurate reporting.
6. Manage the external audit.

Ensure all internal controls on the Company Accounting system are in place by regular system monitoring and testing.

1. Supervise the Accounts Department.
2. Supervise the Inventory Control Department.
3. Liaise with the management company and other suppliers on a monthly basis to ensure all discrepancies are cleared and dealt with in a timely manner.

Knowledge, Skills & Experience Required

• Good accounting system skills.
• Retail or FMCG experience required.

Qualifications

• Degree educated (Accountancy or Finance).
• Qualified Accountant (ACCA, CPA, CIMA).

Person Specification

• Ability to be both strategic and operational.
• A logical and practical outlook on processes.
• Ability to clearly and confidently express ideas and facts both in the written and verbal form.
• Excellent presentation, report-writing, meeting management and facilitation skills.
• Ability to identify problems and provide solutions.

About The Company

Established in 2003, Clarendon Parker Bahrain is an International Recruitment Specialist Consultancy based in Bahrain’s Seef Business District. We specialise in mid to senior level professional, managerial, technical recruitment and staffing solutions in Bahrain and beyond. Our multinational team of consultants are experienced professionals within the fields they represent. Each consultant brings strong industry links and knowledge to better understand your business requirements. We know the market and we know our candidates!

Our team of dedicated consultants specialise in the following industries:

• Accounting, Finance & Banking
• Logistics & Customer Service
• Secretarial & Administration
• Human Resources & Recruitment
• Engineering & Construction
• IT/Telecom
• Marketing & PR
• Oil and Gas

The current range of services includes permanent and temporary recruitment, recruitment advertising campaigns, employee satisfaction surveys, state-of-the-art web-based recruitment technology and HR consulting services relating to recruitment processes and activities.

Operation

Division

Finance

Location

Closing Date

15-May-2025

Zain is the pioneer of mobile telecommunications in the Middle East. We began life in 1983 in Kuwait as the region’s first mobile operator, and since the initiation of our expansion strategy in 2003, we have expanded rapidly. Read more here:

The role of the Financial Planning & Reporting Specialist is to independently manage the financial planning, analysis and reporting within Zain Bahrain. Reporting directly to the Budgeting and Business Performance.

1. Manage and monitor the annual budget and quarterly reforecasts.
2. Enhance budgeting and forecasting techniques to maintain high standards of quality and accuracy.
3. Design and review monthly financial performance reporting packages, including budget, forecasts, actuals of the income statement, balance sheet, and cash flows, ensuring alignment with overall targets and operational plans.
4. Collaborate with cross-functional teams to gather relevant financial and operational data for analysis.
5. Conduct in-depth analysis to identify trends, patterns, and drivers of business performance, and provide actionable insights and recommendations.
6. Support the development of financial models and forecasts to evaluate business initiatives and assess their impact on financial performance.
7. Identify areas for process improvement and optimization to enhance the efficiency and effectiveness of business performance analysis and reporting.
8. Stay updated with industry trends, best practices, and emerging tools and technologies in business performance analysis and reporting.
9. Review Business Case Studies to support better decision-making aligned with the budget and strategic plan.
10. Perform any related tasks as required or assigned.

Bachelor degree in Finance, Accounting or related subjects

Professional certification such as CPA, CA, CMA, CFA etc. is a plus

3-5+ years of experience in financial planning and analysis.

Experience in Telecom Industry is preferred.

1. Strong analytical skills with the ability to interpret complex financial data, identify trends, and generate actionable insights.
2. Proficiency in financial modeling, forecasting, and variance analysis.
3. Excellent knowledge of key financial concepts, performance metrics, and reporting methodologies.
4. Advanced proficiency in data analysis tools (e.g., Excel, SQL) and experience with business intelligence and visualization tools (e.g., Tableau, Power BI).
5. Strong communication skills, with the ability to effectively present complex information to diverse audiences.
6. Detail-oriented with excellent organizational and time management skills.
7. Ability to work independently, prioritize tasks, and meet deadlines.

1. Business Acumen.
2. Situational awareness.
3. Accuracy.

If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application you would need the following document(s):