Responsibilities
- Ensure and assess timely preparation and review of monthly MIS, P/L, BS, KPI and other operational activities including Cash Management, CAPEX & Working Capital Management.
- Strive to improve revenue and profits of all departments by focusing on topline growth as well as scouting for various cost saving initiatives.
- Ensure timely and accurate financial reporting that is compliant with statutory regulations and is free of financial irregularities.
- Prepare monthly budgets and financial statements within timelines.
- Continuously review and recommend changes to policies and procedures to exercise effective financial controls. Ensure compliance with the same by the Operating Management.
- Interpret and analyze financial statements for meaningful comparison (trend analysis, variance analysis, benchmarking, KPIs, etc.)
- Review financial statements and ledgers; work with the team to resolve any discrepancies.
- Review financial implications and payouts of incentive schemes and provide feedback on their feasibility and effectiveness.
- Prepare monthly MIS reports and generate the same from ERP system (Auto line)
- Assess performance of various Business Units and generate financial statements for the same.
- Understand the cost component nuances in Automotive industry, ensure appropriate inventory costing is performed.
- Ensure adequate provisions for doubtful debts & obsolescence inventory is created in line with the applicable policies
- Manage supplier incentives/ rebates and ensure timely recovery in line with Annual target agreements.
- Maintain audit trails and implement audit report recommendations issued by internal and external auditors.
- Liaise with external auditors to ensure that financial results are reported on time. •Project cash flow requirements and submit to Corporate Finance.
- Perform routine activities in accordance with agreed deadlines, standards and discharge any other task assigned by superiors in a timely and effective manner.
- Reviewing company’s balance sheets and supporting finance team with invoicing and capital expenditure.
- Fair knowledge of financial modeling, hedging & forex updates.
- Manage and handle grievances raised by subordinates in a prompt and effective manner and escalate as required.
- Monitor performance of finance personnel on financial and non-financial parameters such as cost savings achieved, internal customer responsiveness, teamwork, and technical acumen.
Requirements
- Education Degree: Master of Business AdministrationMajor: Qualified Finance Professional holding CA / CPA / CMA / ACCA
- 15 – 20 Years Field of Experience : Finance experience in an Automotive Industry
Skills
- Strong knowledge in cost accounting, hedging and forex management including at least 5 years of experience at Managerial level in Finance.
- Demonstrate skills in forecasting models, data analysis with the ability to interpret financial data with clarity in the application of IFRS & IAS standards.
- High degree of Accountability, Integrity & Responsibility in all tasks assigned.
Other Requirements
Gender: Any
Age: 35 – 45 Years Preferred Language: English Duty Shift/Timings: One Shift/8:00am to 5:00 pm
Salary: Attractive SalaryOther Benefits: Staff Car +Performance Bonus
No of Vacancies: 1Job Country: KuwaitNationality: AnyCareer Level: Management
