Large & Diversified Group at Kuwait
Role & responsibilities
Financial Planning and Analysis:
- Develop and implement financial strategies, budgets, and forecasts.
- Analyze financial data to provide insights into the company's financial performance.
- Monitor financial trends and make recommendations for improvements.
Budgeting and Cost Control:
- Create and manage the company's budget, ensuring that expenses are in line with revenue.
- Identify cost-saving opportunities and implement cost control measures.
- Review and approve expenditures and financial transactions.
Financial Reporting:
- Prepare regular financial reports, including income statements, balance sheets, and cash flow statements.
- Ensure financial statements comply with accounting standards and regulations.
- Provide financial reports to senior management and stakeholders.
Risk Management:
- Assess and manage financial risks, such as currency exchange rate fluctuations and market volatility.
- Develop risk mitigation strategies and policies to protect the company's financial assets.
Cash Flow Management:
- Monitor cash flow to ensure the company has sufficient liquidity for operations.
- Manage cash reserves and investments to optimize returns while maintaining liquidity.
Tax Compliance:
- Ensure compliance with tax regulations and coordinate with tax authorities.
- Develop tax strategies to minimize the company's tax liabilities.
Financial Decision Making:
- Provide financial analysis and insights to support strategic decision-making.
- Evaluate investment opportunities and assess their financial viability.
Financial Controls:
- Establish and maintain internal controls to safeguard company assets and prevent fraud.
- Conduct internal audits to ensure compliance with financial policies and procedures.
Banking and Treasury Management:
- Manage banking relationships and negotiate financing terms.
- Optimize cash management, including fund transfers and bank reconciliations.
Team Management:
- Supervise and lead a team of finance professionals, including accountants and financial analysts.
- Provide guidance, training, and performance evaluations to team members.
Compliance and Regulation:
- Stay updated on financial regulations and ensure the company's financial practices are in compliance.
- Work with external auditors and regulatory agencies as necessary.
Strategic Planning:
- Contribute to the development of the company's long-term financial and strategic plans.
- Collaborate with other departments to align financial goals with overall business objectives.
Net Salary around $ 4,000 pm + 25% HRA + Family Status on completion of Probation + transport allowance + medical insurance + Annual Airtickets/paid leaves etc as per the policy.
