Chief Accountant

About the Team

The Accounting team is responsible for maintaining the accuracy, integrity, and compliance of TUMO Group's financial records across its Armenian and international operations. The team oversees financial accounting, tax reporting, project and construction accounting, fixed assets, payroll, and statutory reporting while ensuring compliance with Armenian legislation and applicable accounting standards. Working in close partnership with internal stakeholders and external auditors, the team provides the financial foundation that supports TUMO's continued growth and global expansion.

About the Role
TUMO Group is seeking an experienced and highly motivated Chief Accountant to lead the Group's accounting function and ensure the accuracy, integrity, and compliance of financial and tax reporting across multiple legal entities and international operations. The Chief Accountant will oversee the accounting team, manage complex financial transactions, and ensure compliance with Armenian legislation and applicable international accounting practices.

This role requires experience in financial accounting, taxation, construction accounting, project accounting, and cross-border transactions, as well as leadership and analytical skills.

The Chief Accountant will be leading a team of three Accountants and reporting directly to the VP of Finance.

Responsibilities

Financial Accounting

• Lead and manage the accounting team and operations of TUMO Group and its affiliated entities.

• Allocate responsibilities, review performance, and support professional development.

• Foster a culture of accountability, continuous improvement, and collaboration.

• Ensure accurate and timely preparation of monthly, quarterly, and annual financial statements.

• Maintain accounting records in accordance with Armenian accounting legislation and applicable international accounting standards.

• Develop, maintain, and improve accounting policies, procedures, and internal controls.

• Supervise general ledger activities, reconciliations, and period-end closing processes.

• Coordinate external audits and provide required documentation and explanations.

Group and Project Accounting

• Manage consolidated accounting processes across the Group.

• Oversee accounting for projects implemented by the Foundation, ensuring accurate allocation of revenues across the projects, expenditures, grants, and donor-funded activities.

• Ensure proper accounting treatment of restricted and unrestricted funding.

• Monitor financial performance of projects and support project managers with financial information.

Construction and Capital Project Accounting

• Manage accounting for construction and renovation projects.

• Ensure proper recognition and capitalization of construction costs and other capital expenditures.

• Monitor construction-in-progress (CIP) accounts and capitalization upon project completion.

• Maintain fixed asset accounting, depreciation schedules, and asset registers.

• Ensure compliance with accounting standards related to capital investments.

International Operations

• Oversee accounting related to TUMO's international centers operating under franchise and partnership models.

• Ensure proper accounting treatment of franchise fees, licensing arrangements, service agreements, and one-time transactions.

• Coordinate accounting issues arising from international operations and cross-border financial activities.

• Manage accounting for transactions with non-resident individuals and entities, including withholding tax obligations and treaty considerations where applicable.

Real Estate and Lease Accounting

• Manage accounting related to lease agreements, rental income, and rental expenses.

• Ensure proper accounting treatment of leased properties and real estate transactions.

• Monitor lease-related obligations and ensure accurate financial reporting.

Revenue Recognition

• Ensure accurate recognition of deferred revenues and earned revenues.

• Monitor advance payments, grants, subscriptions, service contracts, and long-term agreements.

• Ensure compliance with deferred revenue recognition principles.

Tax Compliance

• Oversee preparation and submission of all tax returns and statutory reports.

• Ensure full compliance with Armenian tax legislation.

• Manage:

  • Value Added Tax (VAT)

  • Profit Tax

  • Payroll taxes

  • Withholding taxes

  • Non-resident profit tax

  • Other applicable taxes and mandatory payments

• Review tax risks and provide recommendations for tax-efficient and compliant business practices.

• Coordinate tax audits and communications with tax authorities.

Statistical and Regulatory Reporting

• Prepare and submit statistical reports and other mandatory reports required by governmental authorities.

• Ensure timely compliance with all reporting deadlines.

Process Improvement

• Identify opportunities to improve accounting processes and automate routine tasks.

• Participate in ERP implementation, upgrades, and optimization initiatives.

• Support digital transformation and continuous process improvement projects.

Qualifications

Education

• Bachelor's or Master's degree in Accounting, Finance, Economics, or a related field.

• Professional accounting certifications are considered an advantage.

Experience

• Minimum 5-10 years of progressive accounting experience.

• At least 3 years in a senior accounting leadership role.

• Experience in:

  • Group accounting

  • Tax accounting

  • Construction accounting

  • Project accounting

  • Deferred revenue accounting

  • Fixed asset accounting

  • International accounting operations

  • Cross-border transactions

  • Transactions involving non-residents

  • Lease and real estate accounting

Technical Knowledge

• Strong knowledge of Armenian tax legislation and accounting regulations.

• Solid understanding of financial reporting principles and international accounting practices.

• Experience coordinating external audits and tax inspections, consolidated financial reports.

• Strong understanding of VAT, Profit Tax, payroll taxation, withholding tax, and international taxation considerations.

Systems and Software

• Advanced Microsoft Excel skills, including formulas, PivotTables and financial data analysis.

• Strong proficiency with ArmSoft accounting software.

• Experience using AS Enterprise ERP packages.

• Excellent command of Microsoft Office applications and financial reporting tools.

Language Skills

• Fluent written and good spoken English.

• Armenian fluency is required.

Benefits

• Health Insurance and discounted travel insurance

• Assistance with work permit and opening a bank account if needed

• Extra New Year paid holidays: 3rd, 4th and 5th of January

• 5 days of Personal Leave

• Birthday Leave