Automotive Finance Manager

7 hours ago


Kuwait City, Al Asimah Alert International Full time

About the Role

This is a challenging opportunity for an experienced finance professional to support the financial management and operations of Alert International, working under the guidance of the Finance Controller.

Key Responsibilities
  • Ensure accounting accuracy with adequate validation and checks.
  • Preparation of statutory financials every quarter for all entities in BU.
  • Intercompany reconciliations are completed every month, and balances confirmed with counter party.
  • BRS is completed every month, and no open item remains beyond the last week of the month.
  • Year-end statutory financials are prepared in compliance with applicable Accounting Standards, reviewed for accuracy and submitted to Statutory Auditors with all necessary supporting information and sign off within prescribed timelines.
  • All queries & additional information requested by Statutory Auditors are submitted and closed within set timelines.
  • Provisions are analyzed and reviewed for adequacy on a monthly basis.
  • Adequate CAPEX control exists in the BU. Additions are processed in compliance with policy with necessary justification, comparative quotes etc. Assets are periodically verified, tagged and variances reported, adjustments made with appropriate approvals.
  • Financial systems/modules (ERP, EPM, SAP, CDK etc.) are adequately configured with necessary control and validation checks.
  • Receivables & Payables Control
  • Receivables
  • Appropriate Receivables monitoring & collection process exists in BU.
  • Adherence to Group Credit Control policy.
  • Necessary documentation is in place to facilitate recovery of dues in case of legal action.
  • Monthly statements and quarterly balance confirmation with customers.
  • Dues to be collected within approved credit period.
  • Adequate provision is created as per Group policy, also compared with ECL method as per IFRS 9 and maintain whichever is higher.
  • Payables
  • Proper procure to pay process in place.
  • Vendor credit terms are periodically reviewed.


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