Job Purpose:
Key transformation lead and business partner in charge of the finance function at business unit level, responsible for spearheading transformation function as well as overseeing all aspects of accounting functions. The position should ensure that key financial controls are operating effectively, accounts are maintained in up to date manner and assist Group Finance & Admin. Director to Support the Company’s mission, vision, values and goals in the performance of daily activities. Finance & Transformation director should be able to work independently and meet critical deadlines under challenging circumstances. He/ She is expected to jointly work with the business unit GM towards implementing transformation initiatives set for achieving the groups long term strategic goals.
Accountabilities
Strategy, Transformation & Planning
- Serve as the finance business partner to GM and Group Finance department to best deliver the financial support and contribute to the success of the company.
- Spearheading transformation process with business unit GM in achieving long term strategic goals set (as agreed with Group Finance).
- Liaise with operations team towards implementing and monitoring strategic initiatives (as agreed with Group Finance).
- Research and report on factors influencing business performance, review and evaluate cost reduction opportunities.
- Actively involved in building financial models for assessing multiple operational scenarios and preparing recommendations on various opportunities
Cash Flow Management
- Review receivables, payables and inventory position whilst controlling collections, purchasing functions with their respective ageing reports. Maintain working capital at targeted levels
Financial Accounting & Reporting
- Assist in auditing activities by providing necessary information and preparing requested documentations.
- Perform full set of accounts and ensure timely closing of monthly/year end accounts.
- Manage the external audit processes, ensuring that the relevant bodies are complied with information as required, within the agreed timetable and that staff are available for interim and final audits.
- Identify and manage risks associated with the production of the annual report, accounts and finance operations to produce proficient results.
- Produce as required any ad hoc reports required by Group Finance Manager/CFO and effectively communicate and present the critical financial matters to them in timely manner.
- Assess major processes, reveal risks, incorporate control and ensure implementation.
- Built yearly budgets and rolling forecasts which are in alignment with group wide targets
Internal Control & Compliance
- Monitor relentlessly the compliance with local and international accounting & reporting standards and understand any significant implications arising from changes in accounting rules.
- Responsible for monitoring, compliance and adherence to company’s policies and procedures.
Supervisory Role
- Train finance team to appropriately assist and understand operations and finance function for effective performance
- Manage the tasks assigned and assesses resources needed to execute the annual plan in alignment with strategy.
- Develop and create an environment to help motivate the subordinate to optimize their performance and professional growth
- Coordinate with finance team to complete assigned accounting tasks within deadlines
Job Dimensions
- Financial.
- Compliance
- Regulatory
- Planning & Reporting
- Operational Understanding
- Valuations
Success Factors
- Drive Transformation initiatives
- Business Advisory support
- Sound Accounting & Reporting System
- Full Compliance with local & International standards
- Provide timely information
- Maintain correct and financial records
- Time closing of year end accounts
Communication & Working Relationships
- Effective and professional communication with all stake holders.
- Management and leadership skills.
- Team player, able to work with colleagues across the organization
Job Details
| Posted Date: | 2018-12-04 |
| Job Location: | Al Kuwait, Kuwait |
| Job Role: | Management |
| Company Industry: | Automotive |
Preferred Candidate
| Career Level: | Director/Head |
| Degree: | Bachelor's degree |
To apply for this job click here
Jobs in Kuwait - career in Kuwait - vacancies in Kuwait-Finance & Transformation Director - Al Babtain Group-Jobs in Kuwait - career in Kuwait - vacancies in Kuwait
Post a Comment