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Finance Manager

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Details
  • Seller Type Job Role Financial Manager
  • Usage Employment Type Full Time
  • Furnished Monthly Salary Unspecified
  • Manufacturer Career Level Manager
  • Engine Size Minimum Experience 2-5 Years
  • Manufacturer Minimum Education Bachelors Degree
  • Engine Size Vacancies 1
  • Manufacturer Company Name Confidential
  • Engine Size Company Size 11-50
  • Manufacturer Posted On 2021-06-10 01:41:18
Description
The Finance Manager will oversee the accounting and finance function at the Company's head office. The role includes managing the duties of all accounting personnel, ensuring all the reports meet the compliance requirements, preparation of financial statements, ensuring the external and internal audit requirements are met, delegating the various recurring and non-recurring tasks to the accounts and finance team, taking ownership of the receivables and payables and overseeing of the administrative processes of the company. Manage the overall operations of the Finance, Accounting and Administration departments. Develop, maintain, oversee and make required modifications to the system of accounting policies and procedures. Implement and monitor a robust internal control framework that ensures the mitigation of risks. Redesign business processes wherever required. Protect and manage the assets of the Companies and ensure business continuity. Get the external audits done for all the responsible companies, in a timely manner. Verify that supplier invoices should be paid and pay them by the designated due date, taking early payment discounts where economical to do so. Collect accounts receivable promptly. Complete regular reconciliations of all bank, cash, intercompany, AR and AP accounts. To produce monthly financial statements and MIS within stipulated timelines. Measure the financial and operational performance of the business and report this information in ongoing reports to management. Provide information needed by internal and external auditors to examine the Company's financial statements, accounting system and policies/ procedures. To maintain good relations with banks. To negotiate with banks for procuring financial facilities like term loans & Overdrafts. To manage the cash flow of the Companies and to ensure adequate liquidity at all times. Coordinate the creation of the annual budget among the Companies as well as test it intermittently for achievability. Perform variance analysis and engage in / recommend remedial action wherever required to ensure adherence to the budget. Formulate and implement strict cost control measures. Manage and implement the procurement process of the Companies. Assist the Directors / GM in making commercial decisions. Implement methods to improve the business standards of the Companies. Maintain the custody of staff files. Supervise the monthly payroll process. Review and control all staff related payments. Responsible for the day to day administration and housekeeping. Responsible for the maintenance and upkeep of the CR, government liasoning work etc. Any other reasonable tasks, as instructed by Management. Education – Bachelors, Professional / Technical Certification – C.A / ACCA / CPA, Language – English and Arabic (preferred but not mandatory), Nationality – Open, Legislation / Compliance – working knowledge of the Bahrain commercial and labour law (preferred). Specialized knowledge - Process Costing, Negotiation, Contract Management, Receivables Management, Process Improvement. Experience – Above 5 years of relevant work experience (in Bahrain preferably) Skills – MS-Excel (Mandatory), MS-Office (preferred), Financial Report Writing. Ability to prepare logical MIS reports with the data provided or acquired. Ability to analyze situations and data and highlight discrepancies Ability to recognize, proactively, areas where costs could be reduced. Ability to manage time taken on tasks and multitask. Ability to communicate matters clearly to management and subordinates. Ability to discuss matters and arrive at quick decisions. Ability to prepare and present accurate and logical reports and findings to an audience. Determined and Focused, Assertive, Ethical, Calm personality. Regular office-related physical requirements. Will have to travel between locations regularly.
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Location
Manama‪,‪ Kingdom of Bahrain
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