Financial Operations Manager
4 hours ago
We are seeking an experienced Financial Operations Manager to join our team at HealthCare Dynamics Gen. Trading Company W.L.L.
About the Role:
- Ensure timely preparation and review of monthly MIS, P/L, BS, KPI and other operational activities including Cash Management, CAPEX & Working Capital Management.
- Collaborate closely with finance and operations team for financial control, cash management and other relevant operational aspects on a daily basis.
- Ensure timely and accurate financial reporting that is compliant with statutory regulations and is free of financial irregularities.
Responsibilities Include:
- Review of Bank guarantees, payables, fixed assets, internal audit and compliance reports and ensure budget and overheads control with coordination with operations team.
- Identify, escalate and mitigate financial risks.
- Contribute to all the modernization of finance processes, controls reporting team and organization.
- Develop or recommend practical solutions to address financial challenges or issues.
- Strive to improve revenue and profits of all departments by focusing on topline growth as well as scouting for various cost saving initiatives.
- Prepare monthly budgets and financial statements within timelines.
- Ensure that all insurance claims and related liabilities are settled in a timely and effective manner.
- Oversee accounts payables and accounts receivables by verifying all vendor payments and manage/follow-ups to ensure collections within due date.
- Continuously review and recommend changes to policies and procedures to exercise effective financial controls. Ensure compliance with the same by the Operating Management.
- Collect and analyze, review financial statements for meaningful comparison (trend analysis, variance analysis, benchmarking, KPIs, etc.).
- Closely work with the team to resolve any discrepancies.
- Review financial implications and payouts of incentive schemes and provide feedback on their feasibility and effectiveness.
- Maintain audit trails and implement audit report recommendations issued by internal and external auditors.
- Liaise with external auditors to ensure that financial results are reported on time.
- Perform routine activities in accordance with agreed deadlines, standards and discharge any other task assigned by superiors in a timely and effective manner.
- Manage and handle grievances raised by subordinates in a prompt and effective manner and escalate as required.
- Monitor performance of finance personnel on financial and non-financial parameters such as cost savings achieved, internal customer responsiveness, teamwork, and technical acumen.
Qualifications and Experience:
- Master's Degree in Finance.
- At least 10-15 years of experience in finance, preferably in managerial level.
- Industry Preference: Financial Services/ Remittance / Insurance/ Banking.
Preferred Language: English, Arabic.
Job Country: Kuwait.
Duty Shift/Timings: One Shift / 8:00 am - 5:00 pm.
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