This job is no longer available
Chief Financial Officer ( CFO )
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Location
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Kuwait
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Salary
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Competitive
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Posted
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21 Oct 2018
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Closes
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17 Dec 2018
- Initiates and leads the process of developing the Company's short, medium and long term business plans
- Explores investment opportunities for the Company
- Identifies prospective mergers and acquisition opportunities and facilitates the process of due diligence for such initiatives and submits concrete proposals to the Company
- Advise the company on the financial implications and long term prospects of proposed joint ventures, alliances and partnerships
- Setting up and maintaining a system of internal controls for revenues, costs and expenses as per Company's business plans
- Monitor the activities of Internal Auditors, Consultants and other agencies appointed by the company
- Responsible for the maintenance of all accounting books and records of the operation in accordance with the uniform system of accounts and local legal requirements
- Provides timely financial reports on monthly operational results as well as all the reports and statistics required by the company
- Is responsible for the interpretation of the financial statement pointing out meaningful variations in the operational figures and proposing corrective measures were needed
- Assists the CEO in the preparation of the annual budget which also includes capex budget
- Sees to it that proper permits and licenses are obtained for the operation, specially for imports of goods and currency transfers
- Controls all leases and contracts and any other legal records and documents, which may affect the financial status of the operation
- Ensures that all operational taxes are correctly and timely handled and timely handled and paid
- Ensures the monthly physical count and valuation of inventories for consumable items and the regular inventory taking of operation equipment and assets
- Administers the insurance policies covering the operation of the hotel
- Is accountable and responsible for all banking transactions which includes arrangements for overdrafts when required, time deposits opening and closing of accounts, etc
- Is responsible for keeping the adequacy of the bank balances by preparing cash flow forecast to optimize the use of available liquidity
- Follows up on internal audit recommendations and ensure they are consistently followed
- Review supplier's conditions and payments conditions on a regular basis