bayt
Financial Manager
ALYACHT MARKTING COMPANY
Riyadh, KSA
Full Time
Manager
1 weeks ago
Strategic Financial ManagementFinancial ReportingCost AccountingBudgetingCash Flow ManagementFinancial Analysis
Free
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Strategic Financial ManagementFinancial ReportingCost Accounting
About the Role
ALYACHT MARKTING COMPANY seeks a Financial Manager to develop financial strategies, manage budgets, oversee accounting and cost accounting, and lead the finance team. The role requires strategic financial management, cost accounting, ERP proficiency, and leadership skills.
Key Skills for This Role
Strategic Financial ManagementFinancial ReportingCost AccountingBudgetingCash Flow ManagementFinancial Analysis
Responsibilities
- Prepare the annual financial plan and link it to the strategic plan for the manufacturing unit
- Prepare annual budgets, operational budgets, and capital budgets
- Develop financial forecasts and cash flow projections
- Analyze variances and take corrective actions
- Manage cash flows and liquidity effectively
- Oversee bank account management and credit facilities
- Monitor compliance with financial regulations
- Supervise preparation of monthly, quarterly, and annual financial statements
- Supervise calculation of production costs and analyze cost structures
- Develop an internal audit system and manage financial risks
- Oversee tax returns preparation and compliance
- Manage relationships with banks and financial institutions
Requirements
- Bachelor's degree in Accounting, Finance, or related field (implied by role)
- 10 15 years of experience in finance/accounting (from metadata)
- Strategic financial management skills
- Proficiency in ERP financial systems
- Advanced Microsoft Excel skills
- Leadership and team building skills
- Knowledge of tax compliance and reporting
Full Job Posting
Strategic Planning
- Preparing the annual financial plan and linking it to the strategic plan for the manufacturing unit.
- Preparing annual budgets, operational budgets, and capital budgets.
- Developing financial forecasts and cash flow projections.
- Analyzing variances and taking corrective actions.
Financial Management
- Managing cash flows and liquidity effectively.
- Overseeing bank account management and credit facilities.
- Monitoring compliance with financial regulations and ensuring adherence to deadlines.
- Establishing financial control policies and ensuring compliance.
Accounting and Financial Reporting
- Supervising the preparation of monthly, quarterly, and annual financial statements.
- Ensuring compliance with established accounting standards.
- Reviewing accounting entries, adjustments, and periodic closures.
- Preparing financial reports for senior management and the board of directors.
Cost Accounting
- Supervising the calculation of production costs.
- Monitoring raw material costs, labor costs, and overheads.
- Analyzing cost structures and efficiency.
- Preparing cost reports and analyzing profit margins.
- Monitoring waste and losses and working to reduce them.
Internal Audit
- Developing an internal audit system.
- Reviewing financial policies and procedures.
- Monitoring compliance with regulatory requirements.
- Managing financial risks and internal controls.
Tax Compliance
- Overseeing the preparation of tax returns and compliance.
- Monitoring compliance with governmental regulations.
- Coordinating with external auditors.
- Reviewing audit results and implementing recommendations.
Banking and Financial Relationships
- Managing relationships with banks and financial institutions.
- Negotiating financing arrangements and guarantees.
- Preparing financial studies for financing requests.
- Monitoring compliance with financial covenants.
Working Capital Management
- Monitoring inventory and its impact on cash flow.
- Tracking receivables and ensuring timely collection.
- Managing payables effectively.
- Improving working capital efficiency.
Financial Analysis
- Analyzing profitability by product lines and sales channels.
- Preparing feasibility studies for new projects.
- Evaluating investment opportunities and expansion prospects.
- Preparing financial performance indicators and reporting them to senior management.
Leadership and Management
- Leading and developing the finance team.
- Delegating tasks and monitoring performance.
- Enhancing financial competencies.
- Promoting a culture of compliance and governance.
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