Job Detail

Finance Manager

Posted on Jun 22, 2022
Location: Sitra, Bahrain
Industry: FMCG / Food / Beverages
Job Type: Full Time/Permanent
Education: Bachelors
Experience: 8 Years
Salary: 1 - 1 Bahrain Dinar (Monthly)

Job Description

Roles and Responsibilities:
• Should contribute for strong profit growth for the company from year to year.
• Responsible for significant contributions to the formulation, implementation, and administration of corporate-wide policies and business goals.
• Assume responsibility for the effective maintenance and reporting of financial records and improve reporting via software in better ways and identify gaps, and perform accounting and financial analyses and oversee the preparation and compilation of budgets and financial reports monthly, quarterly, annually within the stipulated period, and other financial reports and statements as requested.
• Coordinate for the timely internal and external audits of the Company’s financial statements from professional bodies.
• Assume responsibility for the daily operation of the Company’s accounting and financial functions through developing, recommending, and implementing such interval accounting and financial controls and programs as are necessary to preserve and expand corporate assets.
• Establish and maintain a comprehensive accounting system and prepare related reports.
• Direct the budgeting process, budgetary control and rolling estimates.
• Automation of reports/ reporting through system, with minimal manual processing.
• Ensure minimal time spent on margin analysis and selling price decision making as streamlined through software.
• Oversee preparation and submission of statutory filings if any to the different Government Ministries, *** renewals of CRs, Duty Exemption applications.
• Ensure the system is void of dishonest and/or fraudulent activities of accounting processes or issues in A/C or any other department or inter-department activities.
• Ensure proper balance of work process and responsibilities throughout the A/C department for smooth functioning to meet the business requirement.
• Identify internal controls that are lacking
• Establish, direct and maintain effective accounts receivable policies and measures and ensure strong controls over the banking of cash
• Oversee and establish strong accounts payables/receivables controls.
• Manage insurance coverage with optimum risk cover at competitive rates.
• Provide recommendations to Top Management for profitability and performance improvements.
• Demand, instruct, guide, and monitor other senior management in order to attain optimal results accordingly and to maximize on company targets, objectives, and KPIs.
• Direct the Top Management about capital investments and performance of the company and how to maximize on profit possibilities with most effective use of resources.
• Ensure up-to-date and correct product costing, counter-checking batches, BOMS, resin blends, machines speeds, electricity consumption, and overheads are applied, and comparing actuals with the system.
• Ensure that all accounting processes in the software and process flows are accurate, effective and appropriate related to finances.
• Ensure the implementation of cost effective systems and efficient computer operations and automation designed to meet current and future quick decision-making needs where automation and software of reporting is not there, to instate.
• Analyse business functions and Management needs, and seek new and more effective information solutions. Provide recommendations to Top Management regarding hardware and software purchasing decisions whenever required.
• Establish relationships with the company’s bankers
• Effectively supervise and provide leadership of assigned personnel, ensuring optimal performance and streamlining of activities in the departments.


Candidate Requirements

Qualifications:
Bachelor’s Degree in Accountancy / Finance (CPA/Chartered Accountant)
Male/Female
5 years’ experience in similar capacity preferably in manufacturing organization
Technical expertise in all aspects of finance and accounts, including IFRS with regular updates according to relevant changes in regulations.
Technically proficient and possesses excellent knowledge and understanding of financial, management and costing areas.
Must have above average analytical skills
Effective problem solving and decision making skills
Effective interpersonal and communication skills


Skills Required

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