The Chief Accountant will be responsible for overseeing the Disbursements Controller team and Credit Controller team, ensuring efficient management of disbursements and credit control processes. This role involves significant responsibility in managing the Revenue & Receivables cycle and the Costs & Payable cycle, with a particular focus on rental income, property expenses, repair & maintenance, and refurbishment projects.

Key Responsibilities:

General Accounting & Compliance

Assist in the preparation of financial reports and other relevant reports.
Ensure compliance with company policies & procedures, IFRS, DoA, Tax regulations of the State of Qatar, and other regulatory requirements.
Provide BU management with accurate, timely, and relevant financial information.
Ensure proper and accurate month-end closing and reporting.
Liaise with internal and external auditors, tax consultants, and legal teams for any relevant matter or engagement.
Support the implementation of new technology, assess inherent risks, recommend and implement mitigating controls, and ensure delivery within project timelines and expected quality.
Support consolidation and tax teams in their requests.
Monitor the performance of the accounting teams and recommend development programs for team members.

Revenue & Receivables Cycle

Oversee credit control processes, ensuring timely collection of receivables.
Assess the creditworthiness of new and existing customers and establish appropriate credit limits.
Develop and implement strategies to minimize bad debts and improve cash flow.
Oversee the recording and reporting of rental income with accuracy and compliance.
Manage receivable ledger accounts and ensure timely invoicing and collection.
Implement strategies to enhance revenue recognition and collection processes.

Costs & Payable Cycle

Oversee the processing of all disbursements with accuracy and policy compliance.
Monitor and manage cash flow to ensure timely payment of obligations.
Implement and maintain effective internal controls over disbursements.
Oversee recording and reporting of property and project-related expenses.
Manage accounts payable ledger and ensure timely and accurate payments.
Implement cost control strategies and improve payment processes.
Monitor expenses related to repair & maintenance and refurbishment projects.
Ensure accurate reporting of these expenses in the financial statements.
Develop procedures to evaluate and control project costs.

Financial Reporting

Assist in the preparation of monthly, quarterly, and annual financial statements.
Ensure all financial reports are accurate, complete, and compliant with applicable standards.
Provide detailed analysis and commentary on financial performance, especially on revenue and expenses related to rental properties and capital projects.

Compliance and Internal Controls

Ensure compliance with accounting standards, laws, and regulations.
Implement and maintain internal controls for financial reporting and operational effectiveness.
Conduct audits and reviews to ensure the integrity and accuracy of financial data.

Collaboration & Leadership

Supervise and guide both the Disbursements Controller and Credit Controller teams.
Collaborate with other departments to align financial management with overall business objectives.
Provide financial insight and support decision-making processes.
Assist in annual budgeting and forecasting activities.

Eligibility Criteria:

Minimum 7+ years of experience in finance, accounting, financial reporting, and budgeting.
Bachelor’s degree in Finance or Accounting.
Professional certifications (CPA, CMA, DipIFRS) are a strong plus.
Experience in the hotel or reputed hospitality industry is preferred.
Preferably local candidates based in Qatar.

Chief Accountant -Hospitality