Overview
Procurement Accountant Jobs in Bahrain at Al Hassanain
We are seeking a detail-oriented Procurement Accountant to manage procurement-related financial activities including LPO tracking, cost allocation, supplier reconciliation, and audit compliance. The ideal candidate will have strong accounting skills, experience in procurement finance, and the ability to coordinate with procurement and finance teams to ensure accurate financial reporting.
Key Responsibilities:
Track and monitor Local Purchase Orders (LPOs) from issuance to closure, ensuring accurate recording and timely processing
Allocate expenses to respective cost centers, projects, and budgets based on approved requisitions
Prepare and maintain procurement cost reports, summarizing expenditures, variances, and budget utilization
Review and reconcile supplier invoices against purchase orders, delivery notes, and contracts; resolve discrepancies
Coordinate with suppliers regarding invoice corrections, credit notes, and payment reconciliations
Maintain accurate records of procurement transactions, payments, and supporting documentation for audit requirements
Prepare monthly, quarterly, and annual supply statements and cost summaries
Monitor site allocation expenses and ensure proper charge codes are applied for project costing
Verify purchase requisitions and ensure alignment with procurement budgets and approvals
Liaise with procurement department to ensure financial data is properly captured for procurement activities
Assist in preparing cost reports for project managers and management
Ensure compliance with company financial policies, accounting standards, and audit requirements
Track advance payments, deposits, and outstanding payables related to procurement
Reconcile supplier accounts and follow up on outstanding invoices or credit notes
Participate in internal and external audits, providing necessary documentation and explanations
Maintain organized filing of procurement financial records for easy retrieval and audit
Title: Procurement Accountant
Company: Al Hassanain
Location: Bahrain
