Finance Manager

4 weeks ago


Kuwait City, Al Asimah SOS HR Solutions Full time

Job Overview

The Finance Manager is responsible for overseeing financial planning, control, and business analysis, including budgeting, forecasting, and reporting, while ensuring regulatory compliance. This role provides strategic financial advice to top management to support effective business and investment decisions. Additionally, the Finance Manager collaborates with department heads to monitor expenses, optimize financial processes, and manage contract financials, leasing agreements, and vendor payments to ensure alignment with the company's overall objectives.

Duties & Responsibilities


• Preparing business activity reports, financial statements, and forecasts.


• Ensuring financial legal requirements are met.


• Reducing or maintaining costs by studying financial reports and business processes.


• Analyzing market trends and competitors to discover business opportunities and maximize profits.


• Reporting to management and stakeholders, providing advice on how the company and future business decisions might be impacted.


• Producing and reviewing financial reports related to budgets, accounts payable, accounts receivable, expenses, etc.


• Developing long-term business plans based on these reports.


• Reviewing, monitoring, processing, and managing budgets and the company's payments.


• Developing strategies to minimize financial risk.


• Supervising the finance department team and distributing tasks and responsibilities among team members.


• Evaluating the department's teamwork.


• Performing other related duties as assigned to ensure the efficient and effective functioning of the department.

Skills

Qualifications & Requirements

Required Qualifications


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


• CPA designation is a plus.

Years of Experience


• 7-10 years of practical experience in the same or a related field.

Language


• Proficiency in both Arabic & English languages.

Key Performance Indicators (KPIs)


• Maximization of profit and reduction of risks.


• Budget vs. actual accuracy.


• Finance cost management.


• Addressing open audit observations (first-time & repetitive).


• Number of reconciled balance sheet accounts.

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