Summary
Sets financial and accounting strategies in coordination with Finance Director. Reviews reports on annual budget and advises solutions to align the estimated costs to actual expenditure. Ensures that all assets are adequately insured.
Job Duties and Responsibilities:
· Ensures compliance with international accounting standards through performing periodic audit reviews and translates audit findings into an internal audit report and present it to finance Director.
· Reviews monthly results of subsidiaries to ensure proper recording of transactions to ensure reporting accuracy.
· Reports variances between group subsidiaries actual results vs. budget and financial forecasts, highlights and explains variances and monitors KPIs to ensure target achievement.
· Manages consolidated group cash flow and ensures weekly reporting deadline to Finance director.
· Recommends adequate systems of internal control to ensure accuracy and adequacy of accounting records and documentations, includes appropriate procedures, manuals, and standard practice instructions.
· Monitors the gross profit margin and the market spending activities and transactions and ensures proper cash management practices.
· Ensures that instructions, circulars and organizational and technical decisions are followed and applied.
· Ensures that work activities are carried out achieving the pre-set performance goals and suggests any necessary actions to the Finance Director
· Suggests any adjustments or amendments related to the followed accounting procedures and regulations that would enhance work efficiency.
· Provides financial support and guidance regarding any financial issues or complications and takes necessary corrective actions when required.
· Performs other diverse analysis for the management to assist in operation decisions.
· Monitors the group subsidiaries working capital and reports any slow-moving stock keeping units (SKU’s) and overstock levels, overdue accounts receivables (AR) and working capital levels.
· Performs any other duties related to his job as assigned by the Direct Supervisor.
Identify financial risks and ensure mitigation strategies.
-Liaise with external auditors for timely completion of audits.
-Ensure financial policies are implemented consistently across the group.
-Mentor and support finance managers/accountants in subsidiaries.
-Build a high-performing, collaborative finance function.
-Streamline and automate reporting and transactional processes in ERP system.
-Provide financial insights and scenario analysis to the Finance director.
Job Specifications:
· Bachelor's degree in accounting or any related field
· 8-10 years' experience
· CPA or CMA certificate
