Financial Strategy Lead

1 day ago


Kuwait City, Al Asimah Pharmazone Kuwait Full time

About Us:

Pharmazone Kuwait is a leading healthcare provider, committed to nurturing healthier, happier lives through value, passion, and care.

Job Description:

This is a full-time on-site role for a Finance Manager located in Kuwait City. The successful candidate will be responsible for overseeing financial operations, preparing budgets, conducting financial analysis, and providing strategic financial insights to support the company's growth and profitability.

Key Responsibilities:

  1. Cash Management:
  • Ensure accurate control of cash position on a daily basis.
  • Monitor cash flow, revenues, and expenditures to optimize financial performance.
Accounts Management:
  • Oversee accounts payable and accounts receivable, including collections and payments.
  • FOLLOW UP ON CLIENTS’ AND SUPPLIERS’ GENERAL LEDGER, RECONCILIATION, AND CONFIRMATIONS.
Inventory Management:
  • Monitor and analyze inventory levels, costs, pricing, variable contributions, sales results, and company performance.
  • ANALYZE DEPARTMENT PROFITABILITY AND PERFORMANCE TO PROVIDE ACTIONABLE INSIGHTS.
Budgeting & Planning:
  • Prepare yearly budgeted business plan, monitoring and reporting to ensure alignment with company goals and objectives.
  • PROVIDE INSIGHTFUL INFORMATION AND EXPECTATIONS TO SENIOR EXECUTIVES.
Financial Operations Monitoring:
  • Track the company’s financial status and performance to identify areas for potential improvement.
  • MONITOR DAY-TO-DAY FINANCIAL OPERATIONS, SUCH AS PAYROLL, INVOICING, AND OTHER TRANSACTIONS.
Financial Risk Management:
  • IDENTIFY AND MITIGATE FINANCIAL RISKS TO THE COMPANY THROUGH PROACTIVE MEASURES AND STRATEGIC PLANNING.
Supervision & Coordination:
  • LEAD AND MANAGE THE ACCOUNTING TEAM, PROVIDING TRAINING AND DEVELOPMENT OPPORTUNITIES.
Policy & Compliance:
  • ESTABLISH AND MAINTAIN FINANCIAL POLICIES AND PROCEDURES TO ENSURE COMPLIANCE WITH LOCAL AND INTERNATIONAL TAX REGULATIONS.
  • COORDINATE WITH VARIOUS TEAMS TO IMPLEMENT FINANCIAL POLICIES EFFICIENTLY AND EFFECTIVELY.
Strategic Financial Advice:
  • PROVIDE FINANCIAL GUIDANCE TO SENIOR MANAGEMENT TO MAXIMIZE PROFITS AND MINIMIZE COSTS.
  • IMPLEMENT STRATEGIES TO IMPROVE THE COMPANY'S FINANCIAL STATUS AND ACHIEVE ITS GOALS AND OBJECTIVES.

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