39 Automotive Finance jobs in Kuwait

Overview

In this role, you will be responsible for supporting the financial management and operations of the company, working under the guidance of the Finance Controller.

• Accounts Closing & Financial Preparation
• Ensure accounting accuracy with adequate validation and checks.
• Preparation of statutory financials every quarter for all entities in BU.
• Ensure intercompany reconciliations are completed every month and balances confirmed with counter party.
• Ensure BRS is completed every month, and no open item remains beyond the last week of the month.
• Ensure year end statutory financials are prepared in compliance with applicable
• Accounting Standards, reviewed for accuracy and submitted to Statutory Auditors with all necessary supporting information and sign off within prescribed timelines.
• Ensure all queries & additional information requested by Statutory Auditors are submitted and closed within set timelines.
• Ensure provisions are analyzed and reviewed for adequacy on a monthly basis.
• Ensure adequate CAPEX control exists in the BU. Additions are processed in
• compliance with policy with necessary justification, comparative quotes etc. Assets are periodically verified, tagged and variances reported, adjustments made with appropriate approvals.
• Ensure financial systems/ modules (ERP, EPM, SAP, CDK etc.) are adequately configured with necessary control and validation checks.
• Receivables & Payables Control
• Receivables
• Ensure appropriate Receivables monitoring & collection process exists in BU.
• Adherence to Group Credit Control policy.
• Ensure necessary documentation is in place to facilitate recovery of dues in case of legal action.
• Exchange of monthly statements and quarterly balance confirmation with customers.
• Dues to be collected within approved credit period.
• Ensure adequate provision is created as per Group policy, also compared with ECL method as per IFRS 9 and maintain whichever is higher.
• Payables
• Ensure appropriate procure to pay process in place.
• Vendor credit terms are periodically reviewed.
• Vendor balances are reconciled monthly and balance confirmations obtained quarterly.
• Cash flow Management
• Ensure effective planning and execution to have positive cash flows month-over-month
• Ensure no idle cash remains in the Business by resorting to,
• repay loan if any and/ or
• invest in FD
• Major unexpected collections and payments to be immediately informed to GT for effective cash management.
• Overhead Control
• Extend complete support to GIA initiatives & verifications.
• Ensure all compliance /responses coordinated with respective stake holders and submitted within stipulated timelines.
• Escalate overdue High Risk open items on priority for resolution and co-ordinate for timely closure.
• All action items assigned to Business stakeholders are followed up and closed within the agreed timeline.

• Bachelor Degree and Master with minimum 10 - 15 years professional experience in Accounts/Finance
• Qualified Finance Professional holding CA / CPA / CMA / ACCA is mandatory
• Proven work experience at Managerial Level or similar role for at least 5 years with exposure to Automotive Trading/Engineering/ EPC/Contracting/Construction/Remittance/Insurance
• Strong knowledge in business analytics combined with advanced technical skills, working with different stakeholders
• Experience with Enterprise Resource Planning (ERP) software (e.g., SAP, Oracle) and advanced financial systems to improve efficiency, transparency, and decision-making.
• Experience in overseeing Supply Chain Management (SCM), Inventory, Warehouse & Logistics Management

Description

In this role, you will be responsible in managing Divisional Financial Controls, Strategic Planning, Reporting & Analytics, Risk Management and Stakeholder relations, ensuring Financial integrity and alignment with organizational goals.

Role & Responsibilities:

• Ensure and assess timely preparation and review of monthly MIS, P/L, BS, KPI and other operational activities including Cash Management, CAPEX & Working Capital Management
• Collaborate closely with finance and operations team for financial control, cash management and other relevant operational aspects on a daily basis.
• Ensure timely and accurate financial reporting that is compliant with statutory regulations and is free of financial irregularities.
• Review of Bank guarantees, payables, fixed assets, internal audit and compliance reports and ensure budget and overheads control with coordination with operations team.
• Identify, Escalate and mitigate Financial Risks.
• Contribute to all the modernization of finance processes, controls reporting team and organization.
• Develop or recommend practical solutions to address financial challenges or issues.
• Strive to improve revenue and profits of all departments by focusing on topline growth as well as scouting for various cost saving initiatives.
• Prepare monthly budgets and financial statements within timelines.
• Ensure that all Insurance claims and related liabilities are settled in a timely and effective manner.
• Oversee Accounts payables and Accounts receivables by verifying all vendor payments and manage/follow-ups to ensure collections within due date.
• Continuously review and recommend changes to policies and procedures to exercise effective financial controls.
• Ensure compliance with the same by the Operating Management.
• Collect and analyze, review financial statements for meaningful comparison (trend analysis, variance analysis, benchmarking, KPIs, etc.)
• Expert working knowledge of IFRS 17
• Hands on experience in submission of data/ information/ reports to Central Bank
• Familiar with compliances of Industry related regulatory bodies (ie., IRU & CBK)
• Closely work with the team to resolve any discrepancies.
• Review financial implications and payouts of incentive schemes and provide feedback on their feasibility and effectiveness.
• Maintain audit trails and implement audit report recommendations issued by internal and external auditors.
• Liaise with external auditors to ensure that financial results are reported on time.
• Perform routine activities in accordance with agreed deadlines, standards and discharge any other task assigned by superiors in a timely and effective manner.
• Strong interpersonal skills with the ability to foster teamwork while handling sensitive and confidential information with discretion.

People Management

• Manage and handle grievances raised by subordinates in a prompt and effective manner and escalate as required.
• Monitor performance of finance personnel on financial and non-financial parameters such as cost savings achieved, internal customer responsiveness, teamwork, and technical acumen

Skills

Who you are

You are a detail-oriented and results-driven Financial Controller with a strong background in financial reporting, budgeting, and regulatory compliance within the financial services industry.

Skills & Competencies:

• High degree of accountability and integrity
• Excellent interpersonal and communication skills
• Strong problem-solving and decision-making capabilities
• Demonstrate strong knowledge in forecasting models, data analysis along with clarity in the application of IFRS & IAS standards.
• High degree of Accountability, Integrity & Responsibility in all tasks assigned.

Education & Qualifications:

• Qualified Finance Professional holding CA / CPA / CMA / ACCA
• Minimum 15 years work experience, with at least 5-10 years in a managerial role in Finance
• Preferably from Financial Services/ Remittance / Insurance/ Banking industries

Key Responsibilities Sales Management

• Develop and implement effective sales strategies to achieve monthly and annual targets.
• Oversee daily sales operations and ensure smooth customer transactions.
• Monitor and analyze sales performance, preparing regular reports for management.

• Recruit, train, and mentor the motorcycle sales team.
• Set individual sales targets and motivate staff to achieve them.
• Conduct performance reviews and provide coaching to improve skills.

• Ensure excellent customer service and maintain high customer satisfaction.
• Handle escalated customer queries and resolve complaints effectively.
• Build and maintain long-term relationships with key clients.

• Study market trends, competitor activities, and customer preferences.
• Recommend pricing strategies, promotions, and product positioning.
• Identify new business opportunities and customer segments.

• Manage inventory levels and coordinate with the supply chain team.
• Ensure compliance with dealership policies, company standards, and regulatory requirements.
• Maintain accurate records of sales, customer interactions, and financial transactions.

• Bachelor’s degree in Business Administration, Marketing, or related field (preferred).
• 5+ years of sales experience, preferably in the motorcycle industry.
• Proven leadership and team management skills.
• Strong negotiation, communication, and interpersonal skills.
• Customer-focused with the ability to build and maintain client relationships.
• Knowledge of motorcycle products, features, and the overall market is a plus.

• Recruit, train, and mentor the motorcycle sales team.
• Set individual sales targets and motivate staff to achieve them.
• Conduct performance reviews and provide coaching to improve skills

JOB DESCRIPTION
BASIC INFORMATION ON THE ROLE
Position Name: Finance Manager
Job Code: Finance Manager
Department: Finance & Accounts
Reporting To: Managing Partner
Direct Reports: Finance & Accounts Team
SECTION I: JOB PURPOSE
To oversee the management of finance and accounts departments of the group companies as well as direct the preparation of financial reports.
SECTION II: KEY RESPONSIBILITIES
Core Responsibilities:
● Contributing to strategic planning and decision-making at the executive level to develop and implement a financial strategy.
● Managing the group’s liquidity and cash needs astutely and efficiently.
● Overseeing all accounting functions and preparing reports in compliance with appropriate legal requirements.
● Supervising of the legal structuring and due diligence surrounding real estate acquisitions as well as the negotiation of their financing.
● Overseeing the accounting operations of our foreign investment vehicles, their control systems, transaction-processing operations etc.
● Establishing and maintaining positive relationships with banks, Investment Analysts and other financial institutions.
● Contributing to the development of strategies to obtain optimal insurance coverage for the organization's assets and liabilities.
● Evaluating proposed business activities and transactions such as acquisitions, investments, capital expenditure, divestitures, mergers or sale of assets to ensure they are financially viable.
● Overseeing budgets, forecasts, cash flow, liquidity, projects, periodic financial statements and other management reports.
● Responsible for finalization of the group consolidated financials in line with GAAP, statutory audit, management of audit plan, coordination with auditors, quarter end and year end procedures, IFRS issues and group reporting forms.
● Financial analysis and due diligence of projects and investments as well as development of business plans for the financial year.
● Dealing with internal and external parties for local and international investments.
● Overseeing all tax and regulatory compliance for local and international entities.
● Timely communication of key financial information to Owners/BOD on a regular basis.
● Creating and applying policies and procedures to enhance operations and fiscal controls within the accounts and finance department.
● Any other task that may be assigned by the Board of Directors and/or the CEO as appropriate.
People Management:
● Monitoring the progress of the function and evaluate junior staff achievements.
● Contributing to staff development activities through team development, setting Key Performance Indicators and driving motivation.
● Participating in the feasibility/business development opportunities to ensure that the financials are sound, and the risks are addressed.
Self-Management:
● Maintaining the highest level of integrity in carrying out the job.
● Achieving the highest levels of proficiency in all skills required to perform the role.
● Ensuring that performance goals set by and agreed with management are achieved during the course of the year.
● Developing creative solutions and identifying alternatives relating to finance department management.
SECTION III: KNOWLEDGE, SKILLS & COMPETENCIES
Educational Qualifications:
● Master’s degree in Accounting/Finance and relevant professional certification, preferably CA/CPA/ CFA/ACCA.
Behavioral Competencies:
● High level of care, reliability, and a solid reputation.
● Excellent communication skills.
● Excellent time management skills and a flexible approach to changing priorities.
● Excellent presentation skills.
● Curious mind with an attention to detail.
Language Skills:
● Excellent written and Spoken English is essential. Arabic language is an added advantage.
Years of Experience:
● Minimum 5 to 10 years of experience in Accounting and Finance with a reputed organization.
Nature of Experience:
● Prior Kuwait or GCC real-estate, treasury operations experience is an added advantage.
SECTION IV: KEY INTERACTIONS
Key internal contacts and Purpose of interaction:
Managing Partner:
- Clarification updates about tasks and projects assigned.
- Discussions based on reports submitted periodically.
- Feedback based on the financial information about proposed investments.
- Discussion of planned changes in policies and procedures of the department.
- Discussion based on financials of group companies’ pre-and post-audits.
- Suggestions to enhance operational efficiency and profitability of group companies.
Function Heads:
- Interact with functional heads as and when required to carry out the job responsibilities.
Key external contacts and Purpose of interaction:
Banks
- Account related information, new facilities, etc.
Auditors
- Annual audits of finances
HOW TO APPLY:
Please use the link ( to complete the job application form.
Also, while completing the form please select the following:
Job Position - Finance Manager and Job Reference Code - Finance Manager

Note: We thank all applicants for their interest, however only those candidates selected for interviews will be contacted.

Management

1. Provides a focus and a sense of direction to the department employees and management
2. Establish and carry out the departmental goals, policies, and procedures
3. Manage general activities related to providing the departmental services
4. Consult with other executives, staff, and team members about general operations
5. Endeavor to develop and succeed in maintaining appropriate company image that strives towards excellence in satisfying customers
6. Develop quantified M.B.O. plans for the direct subordinates and ensure that the process propagates through all levels
7. To maintain viable and healthy relations with strategic accounts, business partners, official entities, and government bodies

1. Manage accounting and financial systems and maintain full and accurate accounting records
2. Provide financial and accounting advice, direction, and leadership
3. Oversee the financial affairs of the organization, including the supervision of investments, accounting and budgeting in accord with applicable regulations, IFRS, and generally accepted accounting principles
4. Consult and advise the executive management on the review and approval of the annual operative and yearly budget submission
5. Direct, manage, and oversee all financial operations, including budgeting, forecasting, and financial planning.
6. Developing and implementing financial strategies to drive growth, profitability, and long-term sustainability.
7. Leading the financial reporting process, ensuring accuracy and compliance with regulatory standards.
8. Collaborating with executive management to guide strategic decision-making with financial insights and analysis.
9. Managing relationships with financial institutions, auditors, and other key stakeholders.
10. Ensuring compliance with all financial laws and regulations, including tax planning, compliance, and audits.
11. Providing leadership and direction to the finance team, fostering a culture of accountability and excellence.
12. Prepare periodic and end of the year financial statements to meet regulatory requirements and management needs, for decision-making purposes
13. Prepare specialized financial reports for the investment rating institutes, and other external & governmental agencies.
14. Implement financial policies and procedures as required to ensure the smooth and efficient operations of the organization and its affiliated and related corporations.
15. Conduct financial analysis and prepare detailed financial reports and statements
16. Evaluate the performance of, and provide training and development opportunities for finance staff

A. Education

• College or University Graduate (preferable higher level of education MBA, etc.…) in the field of Finance

B. Professional Experience

• From twelve (12) to Fifteen (15) years’ experience gained through increasingly responsible management positions within finance.
• A minimum of five (5) years’ recent experience as a top financial executive.

C. Competencies Required

• Proficiency in MS Office packages such as Word and Excel, PowerPoint Presentation; e-mail and internet etiquette, business valuation, acquisition, feasibility studies, business plan presentations, data research and interpretation.
• Knowledgeable with risk assessment.
• Management skills related to strategic financial management.
• Knowledge of generally accepted accounting principles and the IFRS
• Knowledge in preparation of financial statements and reports
• Experience in strategic planning and execution.
• Extensive knowledge of accounting, budget formulation, and control
• Familiarity with related government sectors’ regulations
• Leadership and personal effectiveness
• Proficiency in English language
• Satisfactory in Arabic language
• Physically and mentally fit for the job

D. Required Licenses/Certifications (either of the below mentioned qualifications)

• Chartered Accountant
• CMA
• CFA
• CPA