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Iraq - Country Accountant

Date: 14-Aug-2019

Location: Basra, Iraq

Company: Panalpina

Req ID: 159634 - Posted 07/15/2019 - Finance Management (FIN)
Job Function: Finance
Full-Time/Part-Time: Full-time
Contract Type: Permanent
Job Level: Entry-level
Sub-department:

Office Location: Basra (BSR)

Travel Required: 0%

Start Date: 04/01/2019

The Panalpina Group is one of the world's leading providers of supply chain solutions. The company combines its core products of Air Freight, Ocean Freight, and Logistics to deliver globally integrated, tailor-made end-to-end solutions for eleven core industries. Drawing on in-depth industry know-how and customized IT systems, Panalpina manages the needs of its customers' supply chains, no matter how demanding they might be. Energy and Project Solutions is a specialized service for the energy and capital projects sector. The Panalpina Group operates a global network with some 500 offices in more than 70 countries, and it works with partner companies in over 90 countries. Panalpina employs approximately 14,500 people worldwide who deliver a comprehensive service to the highest quality standards – wherever and whenever.

We are looking to hire an Iraq - Country Accountant to ensure that the Country Finance is adequately controlled, with reporting done as per the Reporting and Accounting Manual with shipment and file control.

Responsibilities

* Monthly, quarterly and yearly reporting to PAC as per Reporting and Accounting Manual (RAM);

* Statutory reporting in accordance with local laws and requirements;

* Assists Shared Service Centre as operational interface & query handling

* Prepares, approves and submits journal entries (excluding standard accrual)

* Reviews and approves G/L account reconciliations

* Co-operation with external and internal auditors and follow-up of their reports

* Conducts Internal compliance activities

* Reviews regulatory reporting package for submission

* Requests post period adjustments

* Reviews and approves intercompany journal vouchers and entries, invoices and accruals

* Requests creation, modification or block of master data and reviews master data change report

* Works with operations to improve intercompany process (hit rate)

* Reviews and sign-off tax & statutory returns and hands over to authorities and, if necessary assists resolve inquiries

* Submits periodical declaration on payment & remittances

* Supports local tax audits

* Maintains local tax documentation

* Supports the Country Head of Finance in preparing the monthly / quarterly / annual tax reporting and tax calculation

* Maintains list of vendors and timing relevant for reconciliation

* Approves non shipping invoice or support routing them to the department they belong to

* Reviews and advises reports on monthly recurring payments, urgent payments and direct debits

* Handles electronic uploads of vendor invoices (electronic invoices)

* Reviews, advices and authorizes payment proposal as well as submits and confirms payment request to bank

* Credit controlling and timely collection of outstanding amounts from customers

* Manages fixed assets tag and numbers

* Reconciles fixed assets/ organizes local fixed assets reconciliation and addresses differences accordingly

* Approve bank reconciliation and resolve disputes and issues

* Manages general cash flow to ensure timely transfer of customs duties and vendor payments

* Reconcile and update custom duty advances with customer and vendors.

* Act as an interface between Controlling/Business & IT/MIS to ensure effective BRF management and track change requests of reports.

* Ensure that Forwarding Order Policy and its KPI’s are adhered by countries / BU’s / products by KPI tracking.

* Updating SOP’s and ensures that the NGS/BW reports are linked and in sync with the Forwarding Order Policy at all times. Continuously improve NGS/BW reports

* Shipment and file controlling – Control of open files, re-opened files, negative closing and RRD files (WIP), files WO CGP, correctness of auto closed files.

* Control of GP estimation – Reviews and controls GP estimation deviations and requires, follow ups on corrective actions with operation.

* Follows up on interface errors and clears NGS error logs on daily basis.

* Profit share controls.

Qualifications

* Education background in business administration or similar qualification

* Minimum two year experience in accounting/ financial processes, experience with audit firm will be advantage.

* Additional accounting qualification (e.g. CPA, ACCA)

* Additional Accounting Qualification with focus on local GAAP

* Tax experience

Skills

* Basic knowledge in freight forwarding and logistics

* Profound knowledge of accounting processes

* Profound knowledge of Iraq Taxation and GAAP

* Good understanding of Shared Services concept

* Attention to detail and a logical and organized approach

* High level of accuracy, credibility and accountability

* Ability to work well independently as well as in a team and remote with off-shore partner

* Strong communication skills

Languages

* English: fluent in written and spoken

* Local language preferred