
Financial Planning and Analysis Expert
24 hours ago
Company Overview:
Pharmazone Kuwait is a leading healthcare provider dedicated to delivering high-quality services to its customers. We are 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:
- Cash Management:
- Control cash position on a daily basis to ensure liquidity and minimize risks.
- Analyze cash flow, revenues, and expenditures to optimize financial performance and make data-driven decisions.
- Manage all accounts payable and accounts receivable, including collections and payments, to maintain a healthy cash cycle.
- Follow up on clients' and suppliers' general ledger, reconciliation, and confirmations to ensure accuracy and compliance.
- Monitor and analyze inventory levels, costs, pricing, variable contributions, sales results, and company performance compared to business plans to identify areas for improvement.
- Analyze department profitability and performance to provide actionable insights and recommendations.
- Prepare financial reports and interpret financial information to managerial staff while recommending further courses of action.
- Review financial data and prepare monthly and annual reports to track progress and identify trends.
- Develop yearly budgeted business plan, monitoring and reporting to ensure alignment with company goals and objectives.
- Provide insightful information and expectations to senior executives to aid in long-term and short-term decision-making.
- 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, to ensure accuracy and efficiency.
- Identify and mitigate financial risks to the company through proactive measures and strategic planning.
- Lead and manage the accounting team, providing training and development opportunities to enhance their skills and knowledge.
- 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.
- 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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