Branch Accountant

The Branch Accountant is a vital financial role responsible for managing the daily accounting operations and financial reporting specifically for a designated branch in Iraq. Reporting directly to the Branch Manager for branch operational alignment and functionally to the Finance General Manager at NSC for financial strategy and compliance, this position ensures the accuracy of financial records, adherence to local regulations, and strict compliance with company financial policies.

Branch Accounting Operations:

• Manage and oversee all daily accounting transactions specific to the branch, including the accurate and timely processing of accounts payable (vendor invoices, payments) and accounts receivable (customer collections, invoicing, and credit control).

• Maintain accurate general ledger entries, ensuring proper classification of all financial transactions for the branch.

• Handle daily cash management activities for the branch, including petty cash administration, bank deposits, and meticulous bank reconciliations.

• Process employee expense reports and reconcile petty cash for branch staff.

• Manage fixed asset records specific to the branch, including acquisition, depreciation, and disposal entries.

Financial Reporting (Branch Specific):

• Prepare accurate and timely financial reports specific to the branch's performance, including daily sales reports, weekly profitability summaries, and monthly profit and loss statements and balance sheets for local management review.

• Contribute to the consolidation of financial data from the branch for comprehensive nationwide reporting under the guidance of the NSC Finance General Manager or relevant regional Accountant Senior Specialists.

Local Compliance & Internal Controls:

• Ensure strict and continuous compliance with local Iraqi accounting standards, tax laws, and financial regulations applicable to the branch's operations.

• Implement and monitor internal financial controls and company policies at the branch level to safeguard assets, ensure data integrity, and prevent unauthorized transactions or fraud.

• Assist in preparing the necessary documentation and reports for local tax filings and other statutory requirements.

Audit & Reconciliation Support:

• Support internal and external financial audits specifically for the branch's operations, providing necessary documentation, explanations, and analysis as required.

• Perform regular reconciliations of various accounts (e.g., bank accounts, customer ledgers, vendor ledgers, intercompany accounts) to ensure accuracy and resolve discrepancies promptly.

Payroll Data & HR Support:

• Collect and accurately submit all payroll-related data for branch employees (e.g., attendance records, overtime hours, commissions, bonuses) to NSC HR & Admin for centralized processing.

• Collaborate with the Branch HR & Admin Senior Specialist on finance-related HR matters, such as benefits administration and employee expense management.

Inter-departmental & NSC Collaboration:

• Work effectively and collaboratively with branch department managers (Sales, Service, Parts, PDI) to support their financial needs, provide financial insights, and ensure accurate accounting for their operations.

• Address financial queries from branch departments and staff, providing clear and concise explanations.

• Liaise with the NSC Finance General Manager and relevant accounting teams (e.g., KRG/C&S Accountant Senior Specialists) on financial policies, reporting requirements, system issues, and issue resolution, ensuring consistent application of financial guidelines.

SKILLS AND COMPETENCIES

• A bachelor’s degree or higher qualification.

• A minimum of four years of progressive experience in accounting roles.

• English, Arabic

• Strong practical experience in managing daily accounting transactions (Accounts Payable, Accounts Receivable, General Ledger), cash management, and financial record-keeping.

• Skilled in preparing accurate and timely financial reports specific to a branch or business unit's performance.

• Solid understanding of local Iraqi accounting standards, tax laws, and financial regulations relevant to branch operations.

• Familiarity with implementing and monitoring internal financial controls to ensure accuracy and mitigate risks.

• Highly meticulous and organized in managing financial data, ensuring precision and accuracy in all accounting records and reports.

• Strong analytical skills to identify and resolve accounting discrepancies and financial issues efficiently.

• High level of integrity and proven ability to handle sensitive financial information with utmost discretion.

• Strong awareness and appreciation for Iraqi cultural nuances in business practices and financial interactions.

• Highly driven to achieve financial accuracy, consistently taking initiative, and contributing to branch profitability and operational efficiency.

Benefits

• Social Security
• Annual Leave
• Sick Leave
• Continuous Learning
• Health Insurance

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