Hiring for reputed company based in Muscat Oman for the role of Accountant Cum Purchase Executive role combines financial management and procurement responsibilities. The roles and responsibilities for this position:.
Responsibilities:
Accounting Responsibilities:

• Financial Record-Keeping: Maintain accurate and up-to-date financial records, including journals, ledgers, and balance sheets.
• Accounts Payable and Receivable: Manage invoicing, process payments, and handle receivables. Ensure timely payment of bills and collections of outstanding invoices.
• Reconciliation: Reconcile bank statements, credit card statements, and other financial documents to ensure accuracy and resolve discrepancies.
• Financial Reporting: Prepare financial statements and reports, including profit and loss statements, balance sheets, and cash flow statements. Assist with monthly, quarterly, and annual financial reporting.
• Budgeting and Forecasting: Assist in the preparation and monitoring of budgets and financial forecasts. Analyze variances between actual and budgeted figures.
• Tax Compliance: Ensure compliance with tax regulations, including preparation and filing of tax returns. Maintain records required for tax audits.
• Internal Controls: Implement and monitor internal controls to safeguard company assets and ensure financial accuracy.

Purchasing Responsibilities:

• Supplier Management: Identify, evaluate, and select suppliers and vendors. Establish and maintain relationships with key suppliers.
• Procurement: Manage the procurement process, including sourcing, negotiating contracts, and purchasing goods and services. Ensure timely delivery and quality of products.
• Inventory Management: Monitor inventory levels, track stock movements, and manage reordering processes to avoid stock outs or overstocking.
• Order Processing: Process purchase orders, track order fulfillment, and handle any issues related to delivery or quality.
• Cost Control: Analyze procurement costs and identify opportunities for cost savings. Negotiate pricing and terms with suppliers to achieve favorable conditions for the company.
• Compliance: Ensure that purchasing practices comply with company policies and relevant regulations. Maintain documentation and records related to purchases and supplier agreements. An Accountant cum Purchase Executive role combines financial management and procurement responsibilities. Here's a breakdown of the typical roles and responsibilities for this hybrid position:

Accounting Responsibilities:

• Financial Record-Keeping: Maintain accurate and up-to-date financial records, including journals, ledgers, and balance sheets.
• Accounts Payable and Receivable: Manage invoicing, process payments, and handle receivables. Ensure timely payment of bills and collections of outstanding invoices.
• Reconciliation: Reconcile bank statements, credit card statements, and other financial documents to ensure accuracy and resolve discrepancies.
• Financial Reporting: Prepare financial statements and reports, including profit and loss statements, balance sheets, and cash flow statements. Assist with monthly, quarterly, and annual financial reporting.
• Budgeting and Forecasting: Assist in the preparation and monitoring of budgets and financial forecasts. Analyze variances between actual and budgeted figures.
• Tax Compliance: Ensure compliance with tax regulations, including preparation and filing of tax returns. Maintain records required for tax audits.
• Internal Controls: Implement and monitor internal controls to safeguard company assets and ensure financial accuracy.

Purchasing Responsibilities:

• Supplier Management: Identify, evaluate, and select suppliers and vendors. Establish and maintain relationships with key suppliers.
• Procurement: Manage the procurement process, including sourcing, negotiating contracts, and purchasing goods and services. Ensure timely delivery and quality of products.
• Inventory Management: Monitor inventory levels, track stock movements, and manage reordering processes to avoid stockouts or overstocking.
• Order Processing: Process purchase orders, track order fulfillment, and handle any issues related to delivery or quality.
• Cost Control: Analyze procurement costs and identify opportunities for cost savings. Negotiate pricing and terms with suppliers to achieve favorable conditions for the company.
• Compliance: Ensure that purchasing practices comply with company policies and relevant regulations. Maintain documentation and records related to purchases and supplier agreements.

Combined Responsibilities:

• Reporting: Provide integrated financial and procurement reports to management, highlighting key insights, performance metrics, and areas for improvement.
• Coordination: Coordinate between the accounting and purchasing departments to ensure alignment and efficiency. Resolve any discrepancies or issues that arise between financial and procurement activities.
• Process Improvement: Identify and implement improvements in both accounting and procurement processes to enhance efficiency and effectiveness.
• Communication: Maintain clear communication with internal stakeholders, such as management and other departments, to ensure smooth operations and address any financial or procurement-related concerns.

Job Type: Full-time
Pay: RO350.000 - RO450.000 per month
Education:

• Bachelor's (Preferred)

Experience:

• 8years: 4 years (Preferred)