Job Description :
KuwaitAirways (KU : IATA, KAC : ICAO) is the official national carrier of the State ofKuwait. Establishedin 1953 as a private company, the airline was initially 50 per cent owned bythe Kuwaiti government.
In 1962, the government assumed 100 per cent ownership,making it the longest serving, official state carrier operating from theArabian Gulf Region.
Kuwait Airwaysemploys over 4,800 people, and the head office is in the heart of Kuwait City,close to Kuwait International Airport (KWI).
Kuwait Airways is recruiting forthe role of Sr. Accountant, General Ledger & Fixed Assets. Yourtasks will include but not be limited to : Basic Function and Scope :
Ensures systems and procedures forthe annual fixed asset inventory for Head office and outstations. coordinateswith IT for receiving updated fixed asset records together with relatedinventory documents for distribution to head office Departments andoutstations.
Participate with EngineeringDepartment regarding the acquisition of aircraft, and spare engines, modificationsand the capitalisation thereof, disposals ensuring that amounts are accurately actionedand cleared.
Reviews depreciation calculations and journal vouchers to ensure accuracyand consistency with KAC accounting policy, rules and regulations.
Ensures that fixed asset records areupdated to reflect both movements and disposal, enabling easy identificationand verification at annual audit.
Deals with audit queries concerning thelocation of fixed assets.
Ensures that the inventory processis accurate of fixed assets, including matching of invoices to purchase ordersand the allocation and coding of new assets to the fixed Assets register.
Coordinates procedures and systems with other finance divisions to ensureconsistency of action.
Ensures efficient and timelyproduction of monthly reports, including, monthly budget variance reports forrevenue and expenditure with supporting transactions listing for review andcomment by line management.
Runs preliminary budget variance statements priorto monthly close down to ensure accuracy of the accruals and monthly accountsprocess.
Assists the regular reconciliationof the division’s asset and liability accounts, including work in progressclearing accounts, ensuring that dated items are cleared in a timely fashion.
Ensures that journal vouchers are processed through the accounting system tomeet monthly deadlines in accordance with the monthly timetable.
University degree in Accounting OR 2 years post graduate leading Accounting Diploma.
1-year accounting experience if University degree OR 3 years general accounting experience if Accounting Diploma.
Knowledge of relevantcomputer system and good PC / keyboard skills.
Good knowledge of Arabicand English.