Finance Manager

Location
Al Kuwait, Kuwait
Salary
Competitive salary
Posted
16 Aug 2020
Closes
15 Oct 2020
Ref
4209856
Job role
Finance manager
Experience level
Manager
• Record/Journalize daily receipts and disbursements, and other non-cash transactions of the company.
• Supervise preparation of monthly commission and salary payments.
• Prepare monthly financial statements such as Trial Balance, Balance Sheet, Statement of Profit and Loss, Cash Flow Statement, Bank Reconciliation and other required financial reports.
• Analyze and reconcile account balances and maintain its supporting documents and schedules such as Asset Register, Prepayment Schedule, and Schedule of Post-dated Cheque issued, Accounts and Loans Payable, and Cash Advances.
• Monitor the cash standing of all bank accounts and transact with bank on matter such as deposits, withdrawals and transfers.
• Prepare Cash Flow Forecast.
• Prepare Score Card for each Agent.
• Prepare budget and analyze the variances against the actual expenses.
• Supervise and assess the work of staff and direct the activities of the Accounting Unit.
• Create and implement various controls to strengthen the internal control of the Company.
• Prepare communications/correspondences related to Accounting Unit.
• Implement measures for controlling the book closing procedures so that the cycle time for ‎the process is reduced and the quality within the process is improved, with the result the ‎management receives reliable and relevant information on a timely basis.‎
• Develop and implement a cost accounting system appropriate to the production operations ‎of the company
• Control corporate funds & securities and receipts & disbursements and ensure timely ‎depositing of all money.‎
• Maintain day-to-day operating contacts with banks and insurance company. Ensure that ‎appropriate letters of credit, letters of guarantee and insurance certificates are obtained ‎promptly so that the operations of the company run smoothly.‎
• Ensure financial requirement of the company is met by obtaining loans and credit facilities ‎from commercial banks and financial institutions. ‎