Financial Manager with Cost Accounting Expertise

2 days ago


Kuwait City, Al Asimah PrecisionHire Solutions Full time
Job Overview

PrecisionHire Solutions is seeking a highly skilled Financial Manager to join our team. As a key member of our finance department, you will be responsible for preparing and analyzing financial statements, managing cash resources, and ensuring compliance with international accounting standards.

About the Role

We are looking for an experienced Financial Manager with expertise in cost accounting and analysis. You will be responsible for introducing and maintaining cost-ledger systems, identifying wastages, and advising management on cost reduction strategies. Your role will also involve dealing with foreign currency translations, procuring best rates, and managing cash resources.

Key Responsibilities

- Prepare and analyze financial statements, including balance sheets and income statements.
- Manage cash resources, including maintaining sufficient balances and channelizing surplus funds into short-term deposits.
- Introduce and maintain cost-ledger systems, including cost classification, analysis, and reporting.
- Identify wastages and advise management on cost reduction strategies.
- Deal with foreign currency translations and procure best rates.
- Manage treasury operations, including planning for payroll funds and day-to-day cash management.

Requirements

- Bachelor of Commerce (major in Accounting/Costing) with recognized finance/accounting professional certificate. Chartered Accountant (Inter) preferred.
- At least 7 years of experience in finance, with extensive knowledge of financial systems, processes, procedures, and international accounting standards.

Skills and Qualifications

- Technical skills: financial planning and budgeting, cost accounting and analysis.
- Administrative skills: statistics compilation and analysis, decision-making competencies, reporting, negotiation, and presentation skills, critical thinking.
- Computer skills: MS Office (Word, Excel, Outlook) and internet, excellent knowledge of accounting software principles.
- Soft skills: excellent communication and inter-personal skills, expertise in written and spoken English.

Work Environment

This role involves working in an air-conditioned office with neat and pleasant surroundings. You may spend long periods sitting, using a computer screen, and performing simple grasping and fine manipulation tasks. You will work under pressure to meet deadlines and may be requested to work overtime and during weekends.

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