FINANCE LEAD
Qualification:
- Bachelor’s Degree in Finance, Accounting or Business plus professional certificate (e.g.CPA, ACCA, etc.)
- Knowledge of international financial reporting standards (IFRS).
- Conceptual and strategic thinking.
- Management and team leadership skills.
- Ability to work under pressure and meet deadlines.
- Ability to develop and motivate employees.
- Analytical and problem-solving skills.
- Fluent in English. Knowledge of Arabic is an advantage.
- Computer literacy: MS windows applications (word-processing, excel, spread sheets) and financial accounting applications.
Experience:
- 12 + years’ experience in Finance and Accounting with at least 3 years in a managerial position preferably in manufacturing or energy related industry.
Primary Duties and Responsibilities:
- Formulate and recommend financial policies and procedures and upon approval, ensure that they are appropriately implemented within the company.
- Create a budget and annual business plan and consistently review, evaluate, & discuss plan-related issues to maximize returns on investment against objectives.
- Consolidate all budgets and ensure integrity of budget preparation, control, and reporting process.
- Share financial advice on the overall corporate financial position.
- Coordinate and supervise all financial and accounting operations e.g. credits, expenditures, collection, etc
- Review the summary of comparative budgeting reports and suggest corrective action as necessary, based on the actual results achieved.
- Ensure the adoption of all necessary measures to protect the company assets e.g. internal control and proper insurance coverage.
- Conduct various financial and organizational studies in order to analyze and suggest optimal utilization of resources.
- Coordinate with bankers, financial institutions, and insurance companies to resolve relevant matters and monitor the banks’ credit and other collection facilities.
- Supervise all finance functions and ensure adherence to approved policies and procedures.
- Manage and ensure the preparation of periodic financial reports for submission to the direct supervisor.
- Recommend accounting systems, policies and procedures for management review and possible approval to facilitate accounting transactions.
- Maintain reliable and accurate accounting records for the company and produce accounts as necessary
- Supervise the recording and posting of payables, receivables, fixed assets, general expenses and payroll transactions, generate periodic reports for monitoring, and control purposes.
- Produce regular analyses of payables, revenue and receivables to assist direct supervisor in decision making.
- Coordinate with the external auditors on the review of accounting records and ensure they are provided with required documents and files.
- Establish a filing system for all docs in relation to accounting & ensure it is constantly updated.
- Practice duties and roles in line with the authorities matrix as delegated
- Perform other ad-hoc responsibilities and tasks as needed to manage all financial activities