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CFO

1.00 to 10.00 Years   Jeddah , Saudi Arabia   24 Jun, 2022
Confidential Company
1 Jobs Openings
Job LocationJeddah , Saudi Arabia
EducationNot Mentioned
SalaryNot Mentioned
IndustryManufacturing
Functional AreaNot Mentioned

Job Description

Job SummaryManage all aspects of financial department activities within the company including preparing yearly budget, improving underperforming areas, and monitoring and providing the needed financial analysis and accounting support to company functions in compliance to applied policies and procedures according to the applied policies and proceduresJob Duties

  • Perform the assigned duties as per the set policies and procedures in order to achieve the department goals.
  • Manage the implementation of the annual plan for all finance units to support the overall strategic objectives of the company.
  • Manage, monitor, evaluate and lead all finance units heads to execute the assigned tasks and achieve the set goals.
  • Manage and monitor all the companys branches related financial activities.
  • Design and monitor budget guidelines to optimize company cash flow.
  • Monitor and lead the annual audit activities with auditors by coordinating the provision of information required, clarifications required, etc. to ensure that the year-end audit package is accurate.
  • Propose financial strategies with an emphasis on contractual obligations, financial management, and systems; formulate strategic and long-term business plans.
  • Monitor and manage the cash flow of the company and plan payments.
  • Communicate with key clients, suppliers, and financial institutions and resolve any financial issues.
  • Manage and advise on monthly and yearly financial reports and income statements, balance sheets, internal audits, cash flow, and other related reports to ensure budgetary compliance.
  • Monitor the preparation of the annual budget and schedule expenditures to ensure matching with the financial objectives.
  • Ensure establishing and implementing controls to make sure that company resources are safe and at best financial use, evaluate overall financial results in terms of turnover, profit, and share of market volume.
  • Keep well informed and up to date on changes in financial regulations and legislation.
  • Verify accuracy and compliance with the established rules and financing principles and ensure that all entries are supported with valid documentation.
  • Ensure reconciliation is performed monthly, quarterly, and at year-end closing.
  • Monitor the status of pending critical payments and carry out the required action to reduce delays affecting operations.
  • Monitor timely payment activities and ensure that all the payments are properly authorized.
  • Manage fixed assets transactions including additions, retirements, and depreciation, and maintain updated fixed assets master record.
  • Approve and review letters of credit and online banking transactions.
  • Ensure period-end and year-end closing and prepare periodic financial statements and reports.
  • Provide and submit yearly budget reports to the direct manager.
  • Prepare performance and bank exposure reports on a monthly time basis.
  • Perform any other tasks related to the job assigned by the direct manager.

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