bayt.com
Job Description
- Advising Director Finance in strategic matters of the company including complete preparation and reporting of budgets, investments feasibilities, transfer pricing, inventory management & overall production planning etc. for effective financial & tax & management.
- Supervising group Finance & Accounts department for efficient and effective functioning.
- Preparing and verifying all Management Information Reports (M I Rs) including monthly/annually separate and group console ideated financial Statements a long with variance and ratio analysis.
- Supervising custom duty exemption working and filing of required information to ministry of industry & Commerce – Bahrain.
- Preparing currency exchange strategy and minimizing exchange losses of the group.
- Preparing FX currency buying strategy of the group and optimizing the different GCC currency utility for FX payment obligation in EU RO, CH F, USD, and GBP etc.
- Preparing 08 week cash forecast and managing weekly fund transfers and buying of foreign currencies as per forecast.
- Supervising entire payable section including routine payments, advances, suppliers’ reconciliations etc.
- Supervising bank reconciliations (Cash & Credit Card).
- Looking after various Banking and financial matters and managing effective relationship and liaison with different financial institutions.
- Managing entire group funds and investing in sharia compliant products.
- Organizing external audits in Bahrain (The Parent Com pan y of the Group and supervising external audits of subsidiaries incorporated as limited liability companies in other GCC countries including KSA, QATAR, OMAN, and UAE.
- Supervising tax ret urns of subsidiaries I n Qatar and Oman and ensuring their submission to respective tax authorities within prescribed timelines and fulfill the other status or requirements.
- Supervising Zakat computation for subsidiary in Kingdom of Saudi Arabia – KSA and ensuring its timely deposit in Department of Zakat and Income Tax (DZIT).
- Managing entire KSA health insurance as per CCHI directives.
- Managing other insurance/guarantees including cash insurance, motor insurance, property,(factory & retail outlets) Insurance and maintaining follow-up for claims and other related work.
- Implementing and developing accounting software and different management reports.
- Ensuring timely disbursement of monthly payroll of entire group as well full & final settlements including indemnity according to applicable labor laws in different GCC countries.
- Maintaining all corporate customers receivable ageing and ensure timely recovery as per agreed terms.
- Preparing labor & FOH absorption rates and ensuring their proper allocation.
- Preparing management /cost accounting reports including Product GP statements, Product cost analysis, Manufacturing gain or loss statement, stock ageing reports, etc.
- Maintaining statutory record, minutes book, CR, lease agreements and other related documents.
- Organizing lease financing transaction under the overall lease arrangements.
- Develop and implement department objectives, individual staff objectives along with KPI,S and manage performance review and appraisal of subordinate staff based on these objectives by annually/quarterly.
Skills
- Skills such as budgeting, saving, investing, and debt management.
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