- Manage the development of a sound financial plan for the purpose of managing the financial and physical capital of company.
- Assist in developing financial business plan, departmental budget and monitor companies budget.
- Provide analysis and information report to management on variance from established budget, and reason of variance.
- Forecast cash flow positions, manage cash flow balances, and ensure cash flow are adequate to allow business units to operate effectively.
- Maintain bank relationship for business cash flow transaction.
- Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements.
- Manage the day-to-day operations of the Finance Department.
- Ensure that all financial records, receipts, payables, receivable, general ledger are accurate, updated, and processed efficiently, effectively, and in a timely manner.
- Oversee books of accounts and record are properly maintained.
- Oversee verification of contract documentation to ensure clarity of payment terms and other financial terms are in line with business objectives.
- Ensure that bank reconciliations are done accurately and timely in coordination with the Accounts Supervisors.
- Manage payment related activities: purchasing, staff payroll and salary related issues, manage local and foreign accounts and supervise the daily activities of the Bill collectors.
- Advise top management on financial implications of new projects in order to protect the corporate interests and minimize financial liabilities and adopting a robust due diligence exercise to ensure that all financial provisions are adhered to.
- Ensure proper establishment of local purchase procedures and ensure it is strictly adhered to.
- Manage all local purchases, contract finalization of services and competitive analysis of the various rates and arrive at the most beneficial package for the organization. (Service include areas like insurance, freight, customs clearance etc.)
- Undertake yearly review of existing contracts and carry out revisions, if necessary.
- Oversee the processing of purchase orders, maintenance of open order, and commitment, suppliers invoice coding, and resolution of invoice enquiries.
- Integrate manual purchase procedure into ERP.
Job Details
| Posted Date: | 2019-08-26 |
| Job Location: | Al Kuwait, Kuwait |
| Job Role: | Accounting and Auditing |
| Company Industry: | Banking |
Preferred Candidate
| Career Level: | Mid Career |
| Degree: | Master's degree |
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