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Job description / Role

Employment: Full Time

The Chief Accountant will be responsible for:

• Lead and manage the accounting team, ensuring high performance and professional growth.
• Provide guidance and training to junior accounting staff to enhance their technical and professional skills.
• Manage day-to-day accounting functions, including General Ledger (GL), Accounts Payable (AP), and Accounts Receivable (AR).
• Assist in the preparation of annual budgets and periodic forecasts.
• Monitor budgetary performance and variances, providing recommendations for corrective actions as necessary.
• Develop and maintain strong internal controls to safeguard the company’s assets and ensure the integrity of financial data.
• Identify and implement process improvements to enhance operational efficiency and financial accuracy.
• Oversee the implementation, maintenance, and optimization of financial systems and software.
• Provide in-depth financial analysis to support decision-making at the executive level.
• Offer insights on cost savings, financial performance, and profitability to drive strategic initiatives.
• Ensure accurate and timely monthly closures and reconciliation of financial records.
• Oversee factory and production accounting, including cost tracking, analysis, and reporting.
• Ensure accurate allocation and control of production costs, maintaining cost efficiency.
• Implement effective cost managing & tracking process that helps organization on efficiently, timely & optimum production maximin use of available resource.
• Analyze the reasonableness of product & manufacturing costing, drill down to the root and report to the management for any area of improvements.
• Analyze manufacturing costs and prepare Monthly, Quarterly, Half Yearly & Yearly reports comparing standard costs to actual production costs. Prepare Departmental Costing & Productivity Report / Department wise / Person wise.
• Oversee corporate, direct, and indirect tax compliance and planning.
• Provide management with reports that specify and compare factors that affect prices and profitability.
• Participation in ERP implementation process.

Requirements:

• Bachelor's degree in Accounting, Finance, or related field.
• The candidate should preferably have a CPA or equivalent or a CMA
• A minimum of 5-7 years of experience in a senior position, ideally within the jewellery industry.
• Excellent leadership and team management skills.
• Analytical and problem-solving abilities.
• Proficiency in accounting software and financial management tools.

About the Company

Al Zain was founded in 1930 in the Kingdom of Bahrain and has quickly established a reputation as one of the most prominent luxury jewellery retailers in the region. Today, Al Zain is driven by a bold vision to re-introduce our rich Arabian heritage to a global audience where authenticity and uniqueness are at the forefront of every collection. In line with its vision and mission, Al Zain has expanded its presence in the GCC with over 13 boutiques in the region and is gaining international presence in the USA.

Al Zain is focused on creating a variety of exquisite pieces that entice passionate jewellery connoisseurs. The Kingdom of Bahrain houses two state of the art factories, where experts in design and highly skilled artisans have been trained from grandfather to father to son.

Al Zain takes great pride in its quality and craftsmanship and to this day all products are handcrafted. Manufacturing art pieces ranging from contemporary everyday 18k jewellery, to bespoke high jewellery, as well as traditional Arabian jewellery crafted in a unique hue of 21k gold, Al Zain is proudly Arabian and remains loyal to its legacy while modernizing it for today’s global clientele.