Finance Manager at KUWAIT

About Company:

A large conglomerate having more than 30 subsidiaries across the countries in Gulf. This position is for their Construction/Contracting company at KUWAIT

Job Profile:

Financial Planning and Analysis:

• Develop and implement financial strategies, budgets, and forecasts.
• Analyze financial data to provide insights into the company's financial performance.
• Monitor financial trends and make recommendations for improvements.

Budgeting and Cost Control:

• Create and manage the company's budget, ensuring that expenses are in line with revenue.
• Identify cost-saving opportunities and implement cost control measures.
• Review and approve expenditures and financial transactions.

Financial Reporting:

• Prepare regular financial reports, including income statements, balance sheets, and cash flow statements.
• Ensure financial statements comply with accounting standards and regulations.
• Provide financial reports to senior management and stakeholders.

Risk Management:

• Assess and manage financial risks, such as currency exchange rate fluctuations and market volatility.
• Develop risk mitigation strategies and policies to protect the company's financial assets.

Cash Flow Management:

• Monitor cash flow to ensure the company has sufficient liquidity for operations.
• Manage cash reserves and investments to optimize returns while maintaining liquidity.

Tax Compliance:

• Ensure compliance with tax regulations and coordinate with tax authorities.
• Develop tax strategies to minimize the company's tax liabilities.

Financial Decision Making:

• Provide financial analysis and insights to support strategic decision-making.
• Evaluate investment opportunities and assess their financial viability.

Financial Controls:

• Establish and maintain internal controls to safeguard company assets and prevent fraud.
• Conduct internal audits to ensure compliance with financial policies and procedures.

Banking and Treasury Management:

• Manage banking relationships and negotiate financing terms.
• Optimize cash management, including fund transfers and bank reconciliations.

Team Management:

• Supervise and lead a team of finance professionals, including accountants and financial analysts.
• Provide guidance, training, and performance evaluations to team members.

Compliance and Regulation:

• Stay updated on financial regulations and ensure the company's financial practices are in compliance.
• Work with external auditors and regulatory agencies as necessary.

Strategic Planning:

• Contribute to the development of the company's long-term financial and strategic plans.
• Collaborate with other departments to align financial goals with overall business objectives.

Desired Profile:

• CA / ICWA with 10+ years of progressive experience in Construction or manufacturing industry
• Kuwait / Gulf experience and knowledge of Arabic is a big advantage
• Should be ready to join in 30 days
• Should be proficient in use of Microsoft Excel. Exposure to SAP would be a plus
• Expert at SPREADSHEET in MS EXCEL

Compensation:

Salary around $ 4500 to $ 5000 pm + 25% HRA + transport allowance , medical insurance, annual paid leaves , etc be as per the policy.

Submit your resume to: confidential

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