Finance Manager - Kuwait

Job Description

Manage day-to-day financial activities of the group (assigned entities) and ensure that all financial transactions and procedures comply with regulations, accounting principles, international and local standards, and the groups policiesClient DetailsThe group is one of the largest diversified conglomerates - food, consumer goods and healthcare - in the Middle East. It has been a market leader in providing quality consumer manufacturing and distribution services with operations spanning across the Gulf and other markets.DescriptionIdentify risks and opportunities to contribute to the achievement of the organizations short- and long-term goals and strategiesEstablish and maintain positive, ongoing relationships with stakeholdersLiaise with the Financial Planning & Analysis to develop and communicate the budget guidelines and templates to be distributed to all units to ensure that all indicators are clearly understood and appliedEnsure that the Finance division is playing a key role as a supporting function to the businessOversee the preparation and control of overall organizational budget/forecast and plan, and ensure the effectiveness of the financial control, continuously monitoring business spending against business plans and budgets/forecastsContribute to the development of financial reports to determine forecasts, trends and results analysis and provide financial support for various unitsProvide the required reports to the external stakeholders as per the local tax and commercial lawsMonitor funds of the group, and assist in the formulation and implementation of an effective cash management planReview accuracy of financial reports and ensure cash payments are within approved budgetsEnsure proper accounting and forecasting of each units financial resultsPlan and conduct comprehensive studies to determine cost of business activities and improve the operational and financial effectiveness of the assigned company or business unitWork with management to analyze cost and revenues, including advices about financial implications on particular undertaking or projectMonitor spending and financial control through identification of potential risks of the assigned company or Business UnitRecommend adjustments and cost improvement measuresRecord, classify and report financial transactions and events in accordance with generally accepted accounting principlesReview costs and perform cost/benefit analysis related to projects and/or programs and ensure that the business is run in compliance with the different regulations such as tax and commercial lawsWork and coordinate with the central credit division to optimize and resolve issues related to the collectionsIdentify solutions for the maximum automation of process stepsProfileThe candidate must be present in Kuwait Must be familiarwithFMCG businessStrong experience with Coops (food distribution) in KuwaitMinimum of 7 years of work experience and at least 3 in the same capacity as a Finance ManagerFamiliar with managing a complex business modelStrong knowledge of IFRSKnowledge of SAP is a mustJob OfferThe successful candidate for this role will be offered a competitive monthly salary, all-inclusive of basic, housing and transport allowances. Additionally, s/he will receive a bonus, medical insurance, and flight tickets. This is an exciting opportunity for an experienced Finance Manager to further progress their career with leading holding group in Kuwait.

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