Hiring Finance Manager In Kuwait

Posted: 05 Oct 2023

Location: Shuwaik


We are looking to hire finance manager to lead a education company under Ali Alghanim group.

Job Purpose:
Finance Manager is a middle level management position. Ability to do what needs to be done, without influence from other people or situations. Ability to deliver better value and quality. Extremely punctual and detail oriented. Excellent written and verbal communication skills. Organized and task oriented. Honest and hold a high value on integrity. Account / Document financial transactions by entering account information; Substantiate financial transactions by auditing documents; Reconcile financial discrepancies by collecting and analyzing account information. Financial Reporting: Summarize current financial status by collecting information; prepare balance sheet, profit and loss statement, and other reports. Creating financial statements, accrual accounting methods, General ledger functions and the month-end / year-end account close process, Excellent accounting software user and administration skills

Duties:
1. Ensure accurate cash management & prudent accounting with periodic reconciliations and timely management reporting.
2. Assist in the day-to-day financial management of the school’s financial resources.
3. Ensure accurate and timely billing of students and follow-up of receivables. Ensure DTO below plan by following collection process, and adequate provisions made for impairment of receivables.
4. Participates in the development of budget proposals, assists in the financial audits, when required.
5. Maintains appropriate filing of financial records and ensures proper backup of all files.
6. Prepare all bank deposits, ensure to performs all cash and bank account reconciliations daily and when needed, communicates with the bank to understand, and reconcile any discrepancies; Prepares requests for cash and ensures all disbursements have appropriate supporting documents; Reconciles cash advances for specific activities.
7. Ensure supplier invoices are booked and payments made on time and major suppliers and inter- company balances are reconciled periodically.
8. Ensure proper inventory management with periodic stock counts. Ensure adequate provision for slow-moving inventory.
9. Ensure internal and external customer satisfaction, teamwork, and cooperation among sections under Finance department and other departments.
10. Active involvement in the administration of school compensation programs, including payroll, working closely with Human Resources Department.
11. Prepare accurate financial statements, revenue projections and other reports as required.
12. Provide accurate data to superiors with on-going forecasting of operating revenues and expenditures, and the resulting operational impact.
13. Train and evaluate junior staff within the department; establish and monitor employee performance objectives; prepare and present employee performance reviews; provide or coordinate staff development.
14. Ensure all accounts are reconciled daily / weekly / monthly as required.
15. Lead in preparation of budget; including the forecasting funds required for staffing, equipment, materials, and supplies; monitor budget variance on regular basis.
16. Proactively provide timely analysis of financial data to senior staff to improve the financial and operational performance of the school.
17. Understanding and compliance with the generally accepted accounting procedures and standards
18. Review vendors and customers accuracy of finances deals / accounts payable making sure all our vendor payments are up to date but also ensuring we are not spending money where it is not needed.
19. Ensure accurate and timely monthly and year end close and financial information reporting.
20. Coordinate with external auditors for timely completion of audited financials.
21. Supporting senior staff for completing projects and tasks when required
22. Other duties as assigned.

Reporting Positions:
1. Senior Accountant
2. Accountant / Assistant Accountant
3. Cashier
4. Purchasing and Inventory staff

Skills:
1. Must possess skills to be able to explain and demonstrate the essential functions of the position; demonstrated knowledge and experience within all facets of financial affairs.
2. Ability to communicate ideas and information clearly and effectively at all levels within the school in English.
3. Demonstrable high ethical standards.
4. Ability to meet deadlines and handle multiple complex projects.
5. Demonstrated ability to use sound judgement in decision-making, problem solving, organizational and time management skills.
6. Must be capable of maintaining confidentiality of work-related information and materials.
7. Demonstrated experiences in budget development and oversight.
8. Demonstrated ability to plan, prioritize, and problem-solve broad strategic initiatives.
9. Demonstrated ability to work effectively with a diverse group of professionals, students and parents, community members and constituencies.
10. Ability to lead, inspire, supervise, and evaluate team members to meet institution and department goals and objectives.
11. Demonstrated competency and experience in the application and implementation of information systems related to financial operations.
12. Demonstrated proficiency in the use of standard software applications.
13. Ability to work occasional evenings and weekends.

Experience and Education
1. Recognized professional qualification in Finance and Accounting (CA/CPA/CIMA/ACCA/CMA)
2. Big 4 experience desirable.
3. Experience in Oracle Fusion will be highly advantageous.
4. Advanced knowledge of Microsoft Excel
5. Experience in the development, management, and oversight of institutional budgets.

Interested and suitable candidates can forward the CV to :-
[email protected]


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