Finance Manager

Michael Page

Kuwait

Posted
Ref: HP350-6349

Job description / Role

Employment: Full Time

Manage day-to-day financial activities of the group (assigned entities) and ensure that all financial transactions and procedures comply with regulations, accounting principles, international and local standards, and the group's policies

Client Details

The group is one of the largest diversified conglomerates - food, consumer goods and healthcare - in the Middle East. It has been a market leader in providing quality consumer manufacturing and distribution services with operations spanning across the Gulf and other markets.

Description

* Identify risks and opportunities to contribute to the achievement of the organization's short- and long-term goals and strategies
* Establish and maintain positive, ongoing relationships with stakeholders
* Liaise with the Financial Planning & Analysis to develop and communicate the budget guidelines and templates to be distributed to all units to ensure that all indicators are clearly understood and applied
* Ensure that the Finance division is playing a key role as a supporting function to the business
* Oversee the preparation and control of overall organizational budget/forecast and plan, and ensure the effectiveness of the financial control, continuously monitoring business spending against business plans and budgets/forecasts
* Contribute to the development of financial reports to determine forecasts, trends and results analysis and provide financial support for various units
* Provide the required reports to the external stakeholders as per the local tax and commercial laws
* Monitor funds of the group, and assist in the formulation and implementation of an effective cash management plan
* Review accuracy of financial reports and ensure cash payments are within approved budgets
* Ensure proper accounting and forecasting of each unit's financial results
* Plan and conduct comprehensive studies to determine cost of business activities and improve the operational and financial effectiveness of the assigned company or business unit
* Work with management to analyze cost and revenues, including advices about financial implications on particular undertaking or project
* Monitor spending and financial control through identification of potential risks of the assigned company or Business Unit
* Recommend adjustments and cost improvement measures
* Record, classify and report financial transactions and events in accordance with generally accepted accounting principles
* Review costs and perform cost/benefit analysis related to projects and/or programs and ensure that the business is run in compliance with the different regulations such as tax and commercial laws
* Work and coordinate with the central credit division to optimize and resolve issues related to the collections
* Identify solutions for the maximum automation of process steps

Job Offer

The successful candidate for this role will be offered a competitive monthly salary, all-inclusive of basic, housing and transport allowances. Additionally, s/he will receive a bonus, medical insurance, and flight tickets. This is an exciting opportunity for an experienced Finance Manager to further progress their career with leading holding group in Kuwait.

Requirements

* The candidate must be present in Kuwait
* Must be familiar with FMCG business
* Strong experience with Coops (food distribution) in Kuwait
* Minimum of 7 years of work experience and at least 3 in the same capacity as a Finance Manager
* Familiar with managing a complex business model
* Strong knowledge of IFRS
* Knowledge of SAP is a must

About the Company

Michael Page is one of the world's leading professional recruitment consultancies, specializing in the placement of candidates in permanent, contract, temporary and interim positions with clients around the world.

The Group has operations in the UK, Continental Europe, Asia-Pacific and the Americas. In the Middle East we focus on the areas of:

Finance & Accounting Banking & Financial Services Procurement Property & Construction Engineering & Supply Chain Oil & Gas Technical and Engineering Human Resources Sales Marketing Technology Secretarial Executive Search Legal

The Group operates through 161 offices in 33 countries and employs over 5,000 employees worldwide.

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Finance Manager salaries in Kuwait

Average monthly compensation
KWD 1,300

Breakdown available for industries, cities and years of experience