Accountant

#Libya Job Title: Accountant Location Benghazi, Libya Reports to Accounting Manager or Controller Job Summary: Responsible for maintaining the financial integrity and accuracy of the General Ledger in accordance with Libyan Accounting Standards (or IFRS/GAAP, as applicable to the parent company) and local Libyan tax and commercial laws. Key tasks include managing the entire accounting cycle, from transaction recording to preparing final financial reports for local and international stakeholders. Key Responsibilities and Duties 1. Core General Ledger Operations Month-End & Year-End Close: Execute and manage the timely and accurate closing process, including preparing and posting complex journal entries for accruals, provisions, prepayments, depreciation, and amortization. Account Reconciliations: Conduct thorough and timely reconciliation of all balance sheet accounts, including bank statements, intercompany balances, and subsidiary ledgers (AR/AP). Fixed Assets: Maintain the Fixed Asset Register (FAR), ensuring accurate recording of acquisitions, transfers, and disposals, and calculating depreciation in line with company policy and local regulations. Cash Flow: Monitor and reconcile cash accounts, often involving multiple local and foreign currency bank accounts, specific to the Libyan banking system. 2. Local Compliance and Reporting Local Standards Adherence: Ensure all financial record-keeping and reporting comply strictly with Libyan Accounting Standards and local commercial codes. Tax Compliance: Assist in the preparation and submission of local tax declarations (e.g., income tax, stamp duty, municipal fees) as required by Libyan authorities. Audit Support: Act as the primary liaison for local internal and external auditors, providing all necessary documentation and schedules in both Arabic and English (if required). 3. Financial Analysis and Documentation Reporting: Prepare detailed financial schedules and reports (Balance Sheet, Income Statement) on a monthly basis for management review, highlighting key variances and operational performance specific to the Benghazi entity. Documentation: Maintain meticulous records of all financial transactions and supporting documentation in a manner that is easily auditable and compliant with local record-keeping requirements. Required Qualifications and Skills Education: Bachelor's degree in accounting, finance, or a related field. Experience Minimum of 3-5 years of progressive experience in general ledger or corporate accounting, ideally within the Libyan market. Language fluency in both written and spoken Arabic is mandatory. Professional proficiency in English is highly preferred, especially for reporting to international headquarters. Knowledge Strong, practical working knowledge of Libyan accounting standards and local taxation/commercial law. Working knowledge of IFRS or GAAP is a plus. Key Competencies Integrity: Possesses a high degree of ethical conduct and professionalism necessary for managing sensitive financial data. Accuracy: Demonstrates meticulous attention to detail to ensure zero tolerance for errors in financial records. Adaptability: Proven ability to work effectively in a dynamic local environment with potential changes in regulations. Communication: Effective communication skills in Arabic to liaise with local banks, vendors, and government bodies.