Accounts Executive

Job Purpose:

To manage and oversee the day-to-day accounting operations for the Company's Greenfield project in the SEZone (Ain Sokhna), ensuring accurate financial records, proper documentation, and compliance with company policies and accounting standards. The role is responsible for monitoring project-related expenses, processing financial transactions, reconciling accounts, preparing financial reports, and supporting budget control to ensure efficient financial management and smooth project operations.

Requirements

Core Responsibilities

• Ensure accurate, complete and timely recording of all financial transactions including bank, vendor, GL and Capex accounting.
• Support the Section Head - Finance in maintaining strong financial controls, timely vendor payments and statutory compliance (including Withholding Tax and SEZone-related requirements).
• Set up and maintain day-to-day accounting processes and controls for the Greenfield project during the initial Non-SAP phase, and support smooth migration/transition of accounting records and processes into SAP once implemented.
• Ensure accounting practices, documentation and record-keeping are aligned with SEZone (Special Economic Zone) regulations and reporting requirements.
• General Accounting: Record day-to-day accounting transactions accurately and on time; maintain books of accounts (non SAP initially, SAP subsequently) in line with Company policies and applicable accounting standards.
• GL Accounting: Pass and review General Ledger entries, ensure proper account coding, perform periodic reconciliations, and support month-end and year-end closing activities.
• Bank & Fund Management: Manage day-to-day banking operations, prepare bank reconciliation statements, and coordinate with banks for payments, collections and documentation.
• Petty Cash Management: Maintain and control petty cash, ensure proper authorization and documentation of expenses, and perform periodic reconciliation and replenishment.
• Accounts Payable & Vendor Payments: Process vendor invoices, verify supporting documentation, obtain approvals, and ensure timely and accurate vendor payments; maintain vendor account reconciliations.
• Withholding Tax (WHT) Accounting: Ensure computation of WHT as per Egyptian tax regulations.
• Capex Accounting: Record and monitor capital expenditure transactions, maintain fixed asset registers, track project costs against budgets/POs, and support capitalization and depreciation accounting.

Month-End & Reporting

o Support timely month-end and year-end closing of books of accounts.

o Prepare schedules, reconciliations and MIS reports as required by the Section Head - Finance & Accounting.

Statutory & Tax Support

o Support in statutory audits, tax audits and other regulatory inquiries by providing necessary documentation and information.

• Assist in ensuring compliance with applicable Egyptian tax and SEZone regulatory requirements relevant to day-to-day accounting.

Key Interactions

• Internal: Coordinate with Procurement, Plant Operations, HR and other functions to ensure accurate and timely accounting of transactions and vendor payments.
• External: Build and maintain professional relationships with banks, vendors, auditors, tax consultants and SEZone/regulatory authorities as required.

Experience Skills / Knowledge / Competencies Performance Measures

• Minimum 3-6 years of relevant experience in general accounting, accounts payable, GL accounting and vendor/bank management.
• Prior experience in a manufacturing/industrial/Greenfield project environment preferred.
• Exposure to working in a Non-SAP environment with subsequent transition to SAP preferred.
• Knowledge of SEZone (Special Economic Zone) regulations and compliance requirements preferred, but not mandatory*. • Sound knowledge of accounting principles, GL accounting, Accounts Payable and Capex accounting processes.
• Working knowledge of Withholding Tax (WHT) computation and accounting requirements in Egypt.
• Familiarity with SEZone regulations and related compliance requirements is an advantage.
• Strong reconciliation, analytical and numerical skills with high attention to detail and accuracy.
• Ability to work independently in a non-SAP environment initially, and adapt to SAP upon implementation.
• High integrity, ownership, and ability to manage confidential financial information.
• Accuracy & timeliness of accounting entries and GL postings
• Timely and accurate vendor payments
• WHT compliance and timely deposit/reporting
• Bank reconciliation accuracy and turnaround time
• Capex accounting and fixed asset register accuracy
• Compliance with statutory and SEZone requirements

Education Certification / Software Language

• Bachelor's Degree in Accounting, Finance or Commerce • MS Office (strong command required)
• SAP - working knowledge preferred*
• Non-SAP accounting/ERP systems • English (good communication skills, written and verbal)
• Arabic (good communication skills, written and verbal)

Details marked (*) are not mandatory requirements but are preferences

Fluent in English