GMG
Who we are:
GMG is a global well‑being company retailing, distributing and manufacturing a portfolio of leading international and home‑grown brands across sport, food and health sectors. Its vision is to inspire people to win in ways that make the world better. Today, GMG's investments span across four key verticals: GMG Sports, Everyday Goods, Health and Beauty and GMG Consumer Goods. Under the ownership and management of the Baker family, it has become a leading global company, affiliated with the world's most successful and respected brands in the well‑being sector. Working across the Middle East, North Africa, and Asia, GMG has introduced more than 120 brands into its markets.
About the role The role holder is responsible for executing the various activities pertaining to accounts payable, fixed assets, accounts receivable, general ledger, treasury, payroll and financial planning for GMG business units under the guidance of the manager/superiors. The role holder is responsible for executing day to day tasks as assigned by the superiors in compliance with the policies and procedures of the GMG group.
Core Responsibilities: General Ledger
Executes all monthly general ledger procedures including journal entry preparation, discrepancy resolution, and account analysis for GMG's respective business unit
Entering direct journal vouchers (e.g. related to Payroll)
Reconciling sub‑ledgers with the general ledger
Performs general ledger reconciliation with sub‑ledgers (all subsidiary accounts and records will be reconciled to the general ledger) monthly and at year‑end closing
Informs and follows up with the manager if reconciliation between general ledger accounts and subsidiary ledgers is not met, and records all adjusting, closing and reversing entries to attain reconciliation in such cases (after the requisite approval)
Accounts Payable
Executes all monthly accounts payable procedures, including preparing journal vouchers and batches for entry of payment transactions (payments, debit notes, credit notes, invoices) related to accounts payable into the general ledger with respect to all purchases, expenses and goods outwards
Entering invoices in system
Invoice matching
Invoice discrepancies
Creating payments (cheques, cash etc. as required) or applying prepayments
Creating debit/credit notes
Stopping payments
Payment reconciliation
Receives invoices and performs invoice matching and reconciling with delivery notes against invoices and purchase orders
Prepares accounts payable cheques and wire‑transfers with payment vouchers for necessary approval
Periodically reconciles with major suppliers/vendors/contractors and arranges for balance confirmations
Accounts Receivable
Executes all monthly accounts receivable procedures, including preparing journal vouchers and batches for entry of receivables transactions (receipts, debit notes, credit notes) into the general ledger
Entering information in the system
Payment discrepancies
Maintaining customer files
Following up on collections
Validates customer (commercial) history, credit ceiling or aging reports and updates stakeholders on late receipts
Maintains the Accounts Receivable ledger and processes accounts receivable closing and reporting
Receives payments and receipts, records them and performs matching and remittance
Fixed Asset
Executes all monthly fixed assets procedures, including maintaining the fixed assets master file to ensure accurate tracking of all fixed assets for GMG's respective business units
Receives invoices of fixed assets to match with addition/capitalization of new fixed assets into the system
Assists with the preparation of the yearly statement of capital assets written off during the year for different departments to show how they were disposed of for management information
Treasury
Performs daily reconciliation between bank accounts (all currencies) as per the bank statement and own records of treasury transactions
Conducts periodic maturity analysis for the lines of credit obtained by GMG Group and updates the manager to ensure availability of funds to meet matured amounts
Executes as per the policies for hedging strategies and for managing foreign currency requirements
Directs the cash balances available in GMG Group's various banks/correspondence accounts by all currencies and performs re‑allocation of funds to ensure optimum return on the GMG Group's funds
Payroll
Processes salary and benefits entitlements and ensures authorization of monthly payroll as per established policies and procedures
Verifies a variety of payroll related information (e.g. time sheets, direct deposits, wage attachments, benefits etc.) for the purpose of ensuring accurate distribution of funds and payroll and escalates any discrepancy to senior authorities
Executes as per the established controls and procedures while performing reconciliation checks in payroll processing and payments to ensure quality of delivery and compliance with standard processes
Provides interpretation of the payroll policy related to employee entitlements and concerns regarding benefits, leave, pension as and when required in collaboration with the Human Resources Department
Requirements
3–5 years of experience as an accountant
Graduate degree in Commerce
Accounting certifications are preferred
Fluency in English is preferred
Department: Finance Locations: Cairo Job Type: Back‑Office Division: Corporate Contract Type: Full‑time
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About the role The role holder is responsible for executing the various activities pertaining to accounts payable, fixed assets, accounts receivable, general ledger, treasury, payroll and financial planning for GMG business units under the guidance of the manager/superiors. The role holder is responsible for executing day to day tasks as assigned by the superiors in compliance with the policies and procedures of the GMG group.
Core Responsibilities: General Ledger
Executes all monthly general ledger procedures including journal entry preparation, discrepancy resolution, and account analysis for GMG's respective business unit
Entering direct journal vouchers (e.g. related to Payroll)
Reconciling sub‑ledgers with the general ledger
Performs general ledger reconciliation with sub‑ledgers (all subsidiary accounts and records will be reconciled to the general ledger) monthly and at year‑end closing
Informs and follows up with the manager if reconciliation between general ledger accounts and subsidiary ledgers is not met, and records all adjusting, closing and reversing entries to attain reconciliation in such cases (after the requisite approval)
Accounts Payable
Executes all monthly accounts payable procedures, including preparing journal vouchers and batches for entry of payment transactions (payments, debit notes, credit notes, invoices) related to accounts payable into the general ledger with respect to all purchases, expenses and goods outwards
Entering invoices in system
Invoice matching
Invoice discrepancies
Creating payments (cheques, cash etc. as required) or applying prepayments
Creating debit/credit notes
Stopping payments
Payment reconciliation
Receives invoices and performs invoice matching and reconciling with delivery notes against invoices and purchase orders
Prepares accounts payable cheques and wire‑transfers with payment vouchers for necessary approval
Periodically reconciles with major suppliers/vendors/contractors and arranges for balance confirmations
Accounts Receivable
Executes all monthly accounts receivable procedures, including preparing journal vouchers and batches for entry of receivables transactions (receipts, debit notes, credit notes) into the general ledger
Entering information in the system
Payment discrepancies
Maintaining customer files
Following up on collections
Validates customer (commercial) history, credit ceiling or aging reports and updates stakeholders on late receipts
Maintains the Accounts Receivable ledger and processes accounts receivable closing and reporting
Receives payments and receipts, records them and performs matching and remittance
Fixed Asset
Executes all monthly fixed assets procedures, including maintaining the fixed assets master file to ensure accurate tracking of all fixed assets for GMG's respective business units
Receives invoices of fixed assets to match with addition/capitalization of new fixed assets into the system
Assists with the preparation of the yearly statement of capital assets written off during the year for different departments to show how they were disposed of for management information
Treasury
Performs daily reconciliation between bank accounts (all currencies) as per the bank statement and own records of treasury transactions
Conducts periodic maturity analysis for the lines of credit obtained by GMG Group and updates the manager to ensure availability of funds to meet matured amounts
Executes as per the policies for hedging strategies and for managing foreign currency requirements
Directs the cash balances available in GMG Group's various banks/correspondence accounts by all currencies and performs re‑allocation of funds to ensure optimum return on the GMG Group's funds
Payroll
Processes salary and benefits entitlements and ensures authorization of monthly payroll as per established policies and procedures
Verifies a variety of payroll related information (e.g. time sheets, direct deposits, wage attachments, benefits etc.) for the purpose of ensuring accurate distribution of funds and payroll and escalates any discrepancy to senior authorities
Executes as per the established controls and procedures while performing reconciliation checks in payroll processing and payments to ensure quality of delivery and compliance with standard processes
Provides interpretation of the payroll policy related to employee entitlements and concerns regarding benefits, leave, pension as and when required in collaboration with the Human Resources Department
Requirements
3–5 years of experience as an accountant
Graduate degree in Commerce
Accounting certifications are preferred
Fluency in English is preferred
Department: Finance Locations: Cairo Job Type: Back‑Office Division: Corporate Contract Type: Full‑time
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