Chief Accountant- Egypt

Purpose of the position:

With the purpose of conducting a standardized, high quality and cost-efficient support function, GSS (Global Shared Services) Finance has re-organized its Middle Eastern and Africa operations into a center responsible for defined finance processes and transactional tasks in Pune, India. The Chief Accountant will be based in Cairo, Egypt.

The Chief Accountant oversees, reviews and evaluates the corporate compliance program on the local level, which includes internal control procedures and policies. The Chief Accountant ensures that management and employees comply with local rules and regulations and that corporate and company policies are being followed.

The Chief Accountant is accountable to GSS management, in all compliance matters as listed in the job purpose. Accountability is achieved through providing stewardship on compliance matters for BA (Business Area)/GSS management in the Region.

Work to be performed/major duties:

• Responsible for all statutory reporting and compliance for the Egyptian legal entities.
• Drive standardization of accounting processes and recording of transaction in collaboration with the GSS center.
• Drive standardization of the chart of accounts and cost center structure for the legal entities.
• Work with Business Controllers and GSS to standardize daily, weekly, monthly and annual reporting.
• Monitors share capital development and dividends and makes sure that equity rules and dividend payment rules are followed and are legally compliant (eg. thin capitalization rules, limits to dividends, WHT on dividends, dividend reporting).
• Ensures compliance with Group accounting standards, International Accounting Standards, Statutory and Tax rules.
• Oversees tax compliance, supports in tax reviews and tax audits, supports in preparation of tax reports and tax calculation for annual group and statutory accounts. Supports preparation of local Transfer Pricing documentation.
• Oversees compliance to statutory rules, act as the main support in annual audits and preparation of annual statutory accounts and notes.
• Coordinates and facilitates in Internal Control matters.
• Prepares companies for Internal Control visits and participates in Group Internal Control visits.
• Main contact point for general accounting processes and group reporting, which includes providing input to specific accruals and provisions, Intercompany invoicing, investments and asset reviews, revenue recognition and questions on non-standard or complex journal entries.
• Take active steps to reconcile and pay all Intercompany balances in line with GSS Finance goals and KPI's, taking into account local exchange control regulations.
• Acts as main contact point towards auditors and outsourcing partners including tax advisors and local accounting service providers.
• Perform Cash management tasks for the legal entity including opening Group Treasury-approved bank accounts, closing previous bank accounts and ensuring bank reconciliations are up-to-date. Ensure there are joint bank signatories for each bank account.
• Support key strategic projects

What We Offer

• Flexible work arrangements for better work-life balance
• Generous Paid Leaves (Annual, Sick, Compassionate, Local Public, Marriage, Maternity, Paternity, Medical leave, Household Moving, Hajj Leave, Exam leave, Omra Leave, Unpaid leave)
• Medical benefits (Health Check)
• Pension and Insurance Policies (Medical Insurance, Life and Accident Insurance, End of service benefits, Social Insurance)
• Additional Benefits (Long Service Awards, Mobile Phone Reimbursement, Professional Membership Fees, Relocation Allowance)

*Benefits may vary based on position, tenure/contract/grade level*

DNV is an Equal Opportunity Employer and gives consideration for employment to qualified applicants without regard to gender, religion, race, national or ethnic origin, cultural background, social group, disability, sexual orientation, gender identity, marital status, age or political opinion. Diversity is fundamental to our culture and we invite you to be part of this diversity.

About you

• Bachelor's or Master's degree in Finance
• Certified accountant.
• 10+ years of experience in Finance and accounting department
• Experience in managing internal and external audits
• Experience working in Oracle is an advantage.
• Working knowledge of BlackLine or any other reconciliation tools
• Exposure to Microsoft 365 applications.
• Fluent in English and Arabic - written and verbal communication skills

Security and compliance with statutory requirements in the countries in which we operate is essential for DNV. Background checks will be conducted on all final candidates as part of the offer process, in accordance with applicable country-specific laws and practices.

About GSS

As the internal support organization for DNV and DNV owned companies, we deliver shared services within Human Resources, Finance, IT and Real Estate & Procurement to DNV globally. Our mission is to enable DNV to grow, succeed with its business goals and improve competitiveness. Customer experience is at the core of everything we do. GSS is responsible for many of the tools, processes and daily routines that create the backbone of DNV.