bayt
Financial Manager
Middle East Paints Factory Co
Riyadh, KSA
Full Time
Manager
Onsite
1 months ago
Financial PlanningAccountingFinancial AnalysisBudgetingCost ControlMicrosoft Office
Free
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Financial PlanningAccountingFinancial Analysis
About the Role
Middle East Paints Factory Co is seeking a Financial Manager in Riyadh to oversee financial management, planning, accounting, and compliance. The role requires strong financial analysis skills and experience in budgeting and cost control.
Key Skills for This Role
Financial PlanningAccountingFinancial AnalysisBudgetingCost ControlMicrosoft Office
Responsibilities
- Prepare the annual financial plan in alignment with strategic objectives
- Oversee the preparation of general budgets and ensure adherence to them
- Establish and regularly update financial and accounting policies and procedures
- Provide recommendations to senior management regarding improving financial status and profitability
- Oversee the preparation of accounting entries and financial statements according to established standards
- Review and approve monthly, quarterly, and annual financial statements
- Supervise periodic inventory audits to ensure accuracy
- Manage accounts payable and receivable, ensuring the safety of financial assets
- Prepare financial and analytical reports (quarterly and annually)
- Analyze cost variances and monitor discrepancies between actual and budgeted figures
- Evaluate financial performance across different departments and propose improvements
- Prepare cash flow analyses and monthly forecasts to ensure adequate liquidity
Requirements
- Proficient in computer use and Microsoft Office applications, along with accounting software
- Knowledge of accounting principles, financial policies, and regulations
- Familiarity with other business processes (operations, supply chain, marketing, human resources)
- Advanced financial analysis skills and deep understanding of financial statements and economic indicators
- Strong experience in preparing budgets and strategic financial reports
- Ability to develop effective financial policies and improve internal controls
- Excellent negotiation and communication skills when dealing with banks, suppliers, and clients
- Strategic thinking and decision making capability based on financial analysis
- Integrity, transparency, and high ethical standards in handling sensitive financial data
Full Job Posting
Overall Job Purpose
- Oversee the complete financial management for a leading manufacturing company in the Middle East, ensuring asset protection, enhancing financial efficiency, controlling costs, and ensuring compliance with financial and accounting regulations.
- Provide support to senior management in strategic decision making through accurate financial analysis and comprehensive reporting related to the business portfolio.
Key Responsibilities
- Financial Planning and Management: Prepare annual financial plan, oversee budgets, establish policies, provide recommendations.
- Accounting Management: Oversee accounting entries and financial statements, review monthly/quarterly/annual statements, supervise inventory audits, manage accounts payable/receivable.
- Financial Analysis and Reporting: Prepare financial and analytical reports, analyze cost variances, evaluate financial performance, prepare cash flow analyses.
- Cost Control and Optimization: Analyze cost structures, participate in cost reduction strategies, monitor operational expenditures.
- Compliance and Governance: Ensure compliance with accounting, tax, and governmental regulations, oversee internal and external audits, develop internal control systems.
- Financial Relationships and Funding: Manage relationships with banks and financial institutions, monitor bank loans, develop cash management strategies.
- Financial Systems Development: Oversee implementation of financial management systems, ensure integration with operational systems, develop financial analysis tools.
Skills
- Proficient in computer use and Microsoft Office applications, along with accounting software.
- Knowledge of accounting principles, financial policies, and regulations.
- Familiarity with other business processes (operations, supply chain, marketing, human resources).
- Advanced financial analysis skills and deep understanding of financial statements and economic indicators.
- Strong experience in preparing budgets and strategic financial reports.
- Ability to develop effective financial policies and improve internal controls.
- Excellent negotiation and communication skills.
- Strategic thinking and decision making capability based on financial analysis.
- Integrity, transparency, and high ethical standards.
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