Finance Manager

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JOB DESCRIPTION / ROLE

Employment: Full Time

• Monitor and manage daily cash flows to optimize funds utilization.
• Implement effective treasury and cash management strategies.
• Collaborate with stakeholders to forecast funding requirements and ensure financial stability.
• Assess the creditworthiness of customers and establish credit limits.
• Monitor and analyze customer credit profiles to identify potential risks.
• Collaborate with the sales team to evaluate credit terms and conditions for new and existing customers.
• Manage collections, negotiate payment terms, and resolve outstanding issues.
• Establish and maintain relationships with financial institutions.
• Oversee banking transactions, including deposits, withdrawals, and reconciliations.
• Execute necessary financial arrangements and compliance with banking regulations.
• Coordinate with the inventory team to ensure accurate stock levels.
• Implement efficient inventory control measures to minimize discrepancies.
• Analyze inventory turnover and recommend strategies for improvement.
• Prepare timely and accurate monthly financial reports in accordance with accounting principles.
• Conduct variance analysis to assess financial performance against budgetary goals.
• Present financial reports to senior management, providing insights and recommendations.
• Develop and implement credit policies and procedures to ensure responsible and efficient credit granting.
• Oversee the Letter of Credit process from initiation to completion.
• Collaborate with the sales and logistics teams to ensure compliance with LC terms and conditions.
• Review and verify LC documents to ensure accuracy and adherence to international trade regulations.
• Communicate with banks and financial institutions to facilitate smooth LC transactions.
• Resolve discrepancies in LC documents and coordinate with relevant parties for timely resolutions.
• Regularly review and update product costing models.
• Oversee inter company transactions, ensuring accurate recording and reconciliation.
• Collaborate with other departments to streamline cross-functional financial processes.
• Consolidation of financial results on a monthly, quarterly and annual basis.
• Coordination with insurance provider for timely settlement of claims.
• Petty Cash Management
• Taxation, VAT and Corp tax
• Execute annual physical fixed asset count.
• Document controller for various agreements/legal/financial.
• Inter division reconciliation.

REQUIREMENTS

• Bachelor’s degree in Finance, Accounting, or related field. CA/MBA/CPA preferred.
• Proven experience as a Finance Manager, preferably in a trading company.
• Strong knowledge of financial principles, accounting practices, and relevant regulations.
• Proficiency in financial management software and MS Office Suite.
• Excellent analytical and problem
• Effective communication and interpersonal abilities.

ABOUT THE COMPANY

Hamdan Trading Group is part of one of the largest corporate conglomerates from the Sultanate of Oman the Hamdan Group. The group commenced its business operations in the year 1975 and has mirrored the growth of the Sultanate of Oman and contributed significantly to the Omani economy.

Today the group has more than fourteen well organized and diversified business units each establishing a benchmark in its own field. Hamdan Trading Group consists of three core divisions of business of the Hamdan Group Viz; Transport, Heavy Construction and Dunlop Agency.

The Transport Division is one of the largest and oldest in the Sultanate having the most diverse fleet. The most challenging and complex logistics requirements have been fulfilled by the division and has been awarded ISO certification.

The construction Division is engaged in large scale Civil and Private construction activities across the Sultanate employing over 300 full time workers.The Dunlop agency of Hamdan Trading Group is the sole distributor of Dunlop Tires across the Sultanate of Oman and it has currently 12 branches strategically located for the convenience of the customer and many more branches are in the pipe-line to be opened soon.

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