Financial Manager

GENERAL SUMMARY:
Oversee day to day activities of the finance team and ensure the finance function of the company is organized, efficient and produces accurate financial and management accounts.
Manage the accounting function at the company to ensure timely and accurate execution of the daily accounting processes, such as accounts payable and receivables, financial closing & consolidations, maintaining chart of accounts, processing payroll, reconciliations, maintaining records of petty cash and controlling fixed assets
TYPICAL WORK ACTIVITIES:
– Implement approved financial control policies by introducing / continuously developing operating procedures to organize, co-ordinate and manage the financial accounting process for the business
– Contribute towards formulation of strategy, annual business plans, budgets, policies and procedures of one’s department, to support divisional and organizational business strategy
– Assist CFO or the line manager to establish and implement short and long range departmental goals, objectives, policies, and procedures
– Execute the business plan, asset and liability reconciliation, working capital, forecasts and cash control aligned with the business strategy
– Examine and analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards
– Lead and participate in all accounting operations of the company including invoicing and cash management, accounts payable/receivable and payroll
– Lead and participate in the monthly accounting closure ensuring timeliness, accuracy, completeness and compliance with company policy
– Reconcile sub ledger reports on a monthly basis in addition to creating the final trial balance
– Manage invoicing and the collection of receivables and payments; verify all vendor invoices and prepare for approval
– Registration and maintenance of the company’s fixed assets; lead the valuation of fixed assets, adjusting for depreciation
– Implement accounting policy, internal and external financial reporting, financial analysis and internal controls and procedure
– Develop systems and procedures to ensure the efficient and effective management of the company's finances
– Complies with legal and regulatory requirements by studying existing and new legislation; anticipating future legislation; enforcing adherence to requirements; filing financial reports; advising management on needed actions
– Ensure company accounting procedures conform to generally accepted accounting principles
– Oversee daily operations of the Accounts department and work with the CFO or the line manager to develop short and long-term departmental plan in alignment with the company’s plan
– Lead the preparation of the profit and loss statements and monthly closing and cost accounting reports
– Present financial information through reports to senior management
– Monitor and approve all capital expenditures, such as equipment purchase, acquisition of land, strategic projects, etc.
– Ensure and support accounting staff in maintaining files and documentation thoroughly and accurately, in accordance with the filing policies and procedures
– Act as the main point of contact to external auditors and provide all required information; Oversee action taken on Audit recommendations for improvements
– Recommend changes that will improve the company's overall financial performance and financial controls

Job Details

Date Posted: 2017-11-26
Job Location: Al Kuwait, Kuwait
Job Role: Finance and Investment
Company Industry: Engineering

Preferred Candidate

Career Level: Management
Degree: Bachelor's degree

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