chief Account

Job Purpose

The Chief Accountant is responsible for overseeing the company’s accounting and financial operations, ensuring accurate financial records, effective receivables management, timely debt collection reporting, proper control of property-related income and expenses, and compliance with applicable accounting, tax, and regulatory requirements in Bahrain.

Key Responsibilities

• Oversee all accounting and financial transactions and ensure accurate and timely recording of financial activities.

• Manage and review daily accounting entries, supporting documents, journals, and general ledger accounts.

• Prepare and review the General Ledger, Trial Balance, Bank Reconciliations, and other accounting schedules.

• Supervise Accounts Receivable (AR) and Accounts Payable (AP) activities and ensure balances are properly maintained.

• Record and monitor rental income, property management fees, service charges, commissions, and other property-related revenues.

• Monitor and record property operating expenses, maintenance costs, management expenses, and other project-related costs.

• Maintain accurate financial records for individual properties, projects, or managed assets and prepare property-specific reports when required.

• Review lease and property management agreements from a financial perspective and ensure proper recognition of revenues, expenses, and receivables.

• Prepare monthly, quarterly, and annual financial reports and management accounts.

• Prepare and monitor annual budgets, forecasts, and financial plans.

• Monitor cash flow, collections, payments, and overall liquidity requirements.

• Perform regular bank reconciliations and investigate and resolve discrepancies.

• Supervise payroll accounting, allowances, and related financial entries in coordination with the HR department.

• Ensure compliance with applicable accounting standards, tax requirements, and regulatory requirements in Bahrain.

• Coordinate with external auditors and provide the required financial records, schedules, and supporting documents.

• Lead the monthly and annual financial closing process and ensure all accounts are properly reconciled and closed on time.

• Establish and maintain effective accounting controls, procedures, and financial policies.

• Supervise accounting staff, allocate responsibilities, review their work, and support their professional development.

• •

• Provide financial analysis, insights, and recommendations to senior management to support business and investment decisions.

• Debt Collection & Receivables Management

• •

• Prepare and regularly review Accounts Receivable Aging Reports.

• •

• Monitor outstanding balances and overdue receivables from tenants, property owners, clients, and other debtors.

• •

• Follow up on overdue accounts and monitor agreed payment plans and installment arrangements.

• •

• Reconcile customer accounts and ensure all collections are accurately allocated against outstanding invoices and balances.

• •

• Monitor returned or dishonored cheques and coordinate the appropriate follow-up actions.

• •

• Prepare periodic reports on collection performance, overdue balances, bad debts, and recovery rates.

• •

• Coordinate with the relevant management and legal teams regarding long-outstanding or defaulted accounts and potential legal action.

• •

• Recommend appropriate measures to reduce overdue receivables, improve collection efficiency, and strengthen cash flow.

• Key Competencies

• •

• Strong knowledge of accounting principles, financial reporting, and reconciliations.

• •

• Strong understanding of Accounts Receivable, Accounts Payable, and debt collection processes.

• Knowledge of property and real estate accounting is highly desirable.

• Strong analytical, numerical, and problem-solving skills.

• High level of accuracy, attention to detail, and financial integrity.

• Ability to manage deadlines and work effectively under pressure.

• Strong leadership, communication, and team management skills.

• Proficiency in Microsoft Excel and accounting/ERP systems.

• Qualifications & Experience

• Bachelor’s degree in Accounting, Finance, or a related field.

• Professional accounting certification (such as ACCA, CPA, or equivalent) is an advantage.

• Relevant experience in accounting, preferably within real estate, property management, financial services, or debt collection.

• Practical experience in financial reporting, reconciliations, receivables management, and collections.

• Knowledge of Bahrain’s accounting, tax, and regulatory environment is preferred.

Pay: BD500.000 - BD950.000 per month

Work Location: In person