Financial Specialist

A key role has opened up for a finance professional to join our organization, based in Limassol.

Our company is an investor in the hospitality and real estate sector, with a portfolio consisting of luxury hotel complexes and state-of-the-art developments in Cyprus and abroad. We own and manage prominent luxury hotels, resorts and real estate in Cyprus & Greece.

Job Description:

• Assist the Finance Manager in Group Financial Reporting, encompassing consolidation of Groups entities financial statements under IFRS on a quarterly basis, according to Groups deadlines
• Prepare consolidated management accounts and cash flow reports on a monthly basis
• Monitor cash and prepare weekly cash balances report
• Liaise with subsidiaries financial controllers and third-party service providers to ensure timely and accurate provision of financial reports and management accounts
• Review monthly trial balances and management accounts
• Be responsible for the accounting function of the holding company ensuring accurate recording of transactions and bookkeeping on a monthly basis
• Coordinate with Group auditors to ensure timely and efficient completion of the Group entities statutory audits to set deadlines
• Assist Finance Manager in preparing parent companys annual operating budget
• Prepare weekly payment run and ensure suppliers are paid on time and according to budget
• Verify the accuracy and appropriateness of invoices received, ensuring they are issued to the correct entity within the group and adhere to contractual agreements, challenging discrepancies as necessary
• Manage the companys petty cash, perform timely cash count and cash reconciliation
• Assist Finance Manager in tax planning and compliance, liaising with tax consultants and auditors to ensure the Group is fully compliant with tax laws, while its tax liability is minimized
• Assist in preparation of VAT and other tax returns as stipulated by tax legislation
• Assist in reviewing and providing Know Your Customer (KYC) documents as may be requested from external service providers
• Develop relationships with account banks including updating company information, revising the bank mandate as necessary and providing any information requested by the banks
• Involve yourself in corporate or group restructuring or similar work (including new entity setup, old entity dissolution, centralizing operation of Finance function etc.)
• Assist Finance Manager to ensure that financial targets and KPIs specific to the Finance function are met (operating within budget constraints; timely payments to suppliers; timely submission of statutory and tax filings with zero fines; timely communication of issues)
• Prepare ad hoc reports and analysis as required by the Finance Manager or the CFO
• Report to the Groups Finance Manager

Requirements:

• Partly-qualified or qualified accountant, with minimum 3-4 years of experience within a structured environment. Experienced non-qualified accountants will also be considered.
• Consolidation and financial reporting experience under IFRS is an advantage
• Confident user of ERP software
• Proficient user of Microsoft MS Office and Excel in particular
• Excellent command of English, both written and spoken
• Organised and pro-active attitude with a drive for results
• Advanced analytical and numerical skills
• Team spirit and high sense of responsibility
• Open approach and excellent communications skills
• Time Management and Problem-Solving Skills
• Attention to detail and ability to meet tight deadlines in a fast-paced environment
• Commitment to staying updated with industry trends, accounting standards, and regulatory changes

Benefits:

• Discretionary bonus
• Participation in Provident Fund
• Participation in private health insurance scheme or reimbursement of personal private health insurance policy
• Free lunch at employee canteen
• Annual professional body subscription cover
• Laptop and phone provided by Employer
• Reimbursement of reasonable business expenses arising in connection to the employment

Location: Good location at park lane so easy access from other towns
After probation: May work 1 day in Nicosia office