Job Detail

Finance Manager

Posted on Aug 25, 2020
Location: Kuwait City, Kuwait
Industry: FMCG / Food / Beverages
Job Type: Others
Education: Bachelors

Job Description

I. Main Accountabilities:
• Preparing profit & loss and Balance Sheet analysis.
• Validate bookkeeping and bank reconciliations.
• Checking daily invoices and payments and reporting them.
• Analyzing and reporting subsidiaries & joint venture’s financial reports and provide recommendations.
• Dealing with all banks on funding arrangements, banking facilities etc.
• Managing and supervising the overall function of the accounting & finance department.
• Preparing the company’s financial statement analysis and periodic finance positions for Kuwait.
• Reviewing and following up on receivable / payab for the company
 
III. Job Responsibilities:
• Preparing Project Costing and Profitability Reports.
• Forecasting monthly and annual cash flows
• Controlling payroll process & payment.
• Responsible for General Ledger Accounting.
• Coordinating with external auditors for annual audit and interim review assignments.
• Contributing in the preparation of annual budget and periodic estimation.
• Ensuring maintenance of the company’s legal ledgers (general journal ledger).
• Following up on the credit limits periods granted and cash collection to secure company’s rights.
• Executing financial reports for consolidation to the management on a monthly basis.
• Preparing Profit and Loss and Balance Sheet statements.
• Preparing Cash Flow statement periodically and advising any concerns and recommendations to the management.
 
• Maintaining and supervising reports on Aging Balance, Stock, Receivable, Payables, and Sales Order Input.
• Assisting in preparation of existent projects financial reports.
• Following up on payment and credit management.
• Reviewing monthly deviations between actu situations.
• Revising all budgets on a quarterly basis and advice on excess or deviation.
• Checking all deviation between estimation reported to management and actual results.
• Maintaining within the department, an organized record and book keeping system.
• Reporting weekly and monthly reports
• Reporting new financial investments needs.
• Carry out internal audits for the security and accuracy of the accounting work
• Updating accounting policies and procedures to the Company•

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