8 Finance Controller jobs in Kuwait

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

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Featured

• 1 year ago

Finance Controller Position Available In Kuwait city. We are looking for a Finance Controller to work for our reputable General Trading and Contracting company in Kuwait City. The ideal applicant should have a graduate or postgraduate degree in accounting, at least 10 years of experience, and be proficient in English. Proficiency in Arabic is advantageous. The role is open to individuals of any nationality who are available to start immediately and have transferable residency. Both local and international candidates are welcome. Please email your CV to (emailprotected) .

Estimated salary: 100-400 Kwd(No link with this ads).

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Featured 1 year ago Finance Controller Position Available In Kuwait city. We are looking for a Finance Controller to work for our reputable General Trading and Contracting company in Kuwait City. The ideal applicant should have a graduate or postgraduate degree in accounting, at least 10 years of experience, and be proficient in English. Proficiency in Arabic is advantageous. The role is open to individuals of any nationality who are available to start immediately and have transferable residency. Both local and international candidates are welcome. Please email your CV to (emailprotected) . Estimated salary: 100-400 Kwd(No link with this ads).

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The primary purpose of a Cost Controller is to manage the provision of financial performance analysis through

effective and compliant cost attribution, financial control, and reporting. This includes overseeing areas such as

budgeting, forecasting, accruals, journals, cash flow monitoring, payments processing, and cost recovery.

Tasks and Responsibilities

(a) Cost Management:

Develop detailed breakdown on the cost estimates for projects, including labor, materials, and

equipment.

Track and monitor actual costs against the approved budget throughout the project lifecycle.

Strong skills to prepare monthly cost reports, analyzing actual vs. expected costs, schedule updates,

trend analysis, project progress (S-curves), performance metrics, and productivity analysis for

assigned projects.

Monthly high-level project dashboards and provide insightful reporting and analysis.

Take proactive measures to reduce project costs, share analysis and calculations.

Collaborate with project management to review and compare financial metrics for projects and the

company.

Identify and communicate major budget variances to project teams and management.

Investigate cost-drain areas, proposing solutions and mitigation strategies to project teams and

management.

Maintain records and conduct training for project teams to enhance awareness of site costs,

productivity impacts, cost savings, and profitability.

Strong knowledge to prepare quarterly/annually revenue forecasts and budgets.

Evaluate bids from third-party subcontractors and vendors to ensure cost-effectiveness.

Work closely with project planners and project engineers to ensure cost-efficiency in project delivery.

Perform cost-benefit analyses on prospective projects and provide recommendations on their financial

feasibility.

(b) Project Support:

Work alongside the project management team to align cost and contract strategies with overall

project goals.

Ensure the integration of cost and contract plans with overall turnaround schedules, particularly in

relation to rotating equipment.

Assist in the development and implementation of procurement strategies for specialized equipment

and services required for the Project.

(c) System and Process Management

Implement, administer, and maintain cost control systems and procedures to track project budgets,

commitments, expenditures, and forecasts.

Develop project Cost Breakdown Structures (CBS) and align the time phasing of budgets against

Work Breakdown Structures (WBS) to accurately track and control actual costs

Ensure the integration of cost estimates with the Work Breakdown Structure to set project budgets

against the correct Work Packages, Planning Packages, and Control Accounts

Skills

Educational Qualifications

Bachelor’s degree in accounting, Finance, or a related field.

(b) Experience

Minimum of 5-10 years of experience in project controls with intermediate to senior-level experience in

planning, scheduling, and costing.

(c) Skills

Technical Skills

Strong analytical and problem-solving abilities.

Thorough understanding of accounting principles and budgeting procedures.

Excellent communication and presentation skills.

Proficiency in MS Office suite, especially Excel, and familiarity with cost control tools such as Primavera.

Experience with large companies and ERP systems (e.g., SAP – Oracle).

Detailed understanding of Earned Value Management (EVM), progress reporting, forecasting, and

performance analysis.

Personal Skills

Cooperative, hardworking and punctual

Has proactive approach in delivering tasks

Able to work independently with less supervision

Good relationship with clients and staff

Highly analytical, keen on details and can do multi-tasking Excellent analytical and problem-solving skills.

Strong negotiation and communication abilities.

Ability to work effectively in cross-functional teams.

Communication Skills

English(read/write//speak), other languages will be an added advantage

(d) Physical requirements

Aged between 30-40 years

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The primary purpose of a Cost Controller is to manage the provision of financial performance analysis through effective and compliant cost attribution, financial control, and reporting. This includes overseeing areas such as budgeting, forecasting, accruals, journals, cash flow monitoring, payments processing, and cost recovery. Tasks and Responsibilities (a) Cost Management: Develop detailed breakdown on the cost estimates for projects, including labor, materials, and equipment. Track and monitor actual costs against the approved budget throughout the project lifecycle. Strong skills to prepare monthly cost reports, analyzing actual vs. expected costs, schedule updates, trend analysis, project progress (S-curves), performance metrics, and productivity analysis for assigned projects. Monthly high-level project dashboards and provide insightful reporting and analysis. Take proactive measures to reduce project costs, share analysis and calculations. Collaborate with project management to review and compare financial metrics for projects and the company. Identify and communicate major budget variances to project teams and management. Investigate cost-drain areas, proposing solutions and mitigation strategies to project teams and management. Maintain records and conduct training for project teams to enhance awareness of site costs, productivity impacts, cost savings, and profitability. Strong knowledge to prepare quarterly/annually revenue forecasts and budgets. Evaluate bids from third-party subcontractors and vendors to ensure cost-effectiveness. Work closely with project planners and project engineers to ensure cost-efficiency in project delivery. Perform cost-benefit analyses on prospective projects and provide recommendations on their financial feasibility. (b) Project Support: Work alongside the project management team to align cost and contract strategies with overall project goals. Ensure the integration of cost and contract plans with overall turnaround schedules, particularly in relation to rotating equipment. Assist in the development and implementation of procurement strategies for specialized equipment and services required for the Project. (c) System and Process Management Implement, administer, and maintain cost control systems and procedures to track project budgets, commitments, expenditures, and forecasts. Develop project Cost Breakdown Structures (CBS) and align the time phasing of budgets against Work Breakdown Structures (WBS) to accurately track and control actual costs Ensure the integration of cost estimates with the Work Breakdown Structure to set project budgets against the correct Work Packages, Planning Packages, and Control Accounts Skills Educational Qualifications Bachelor’s degree in accounting, Finance, or a related field. (b) Experience Minimum of 5-10 years of experience in project controls with intermediate to senior-level experience in planning, scheduling, and costing. (c) Skills Technical Skills Strong analytical and problem-solving abilities. Thorough understanding of accounting principles and budgeting procedures. Excellent communication and presentation skills. Proficiency in MS Office suite, especially Excel, and familiarity with cost control tools such as Primavera. Experience with large companies and ERP systems (e.g., SAP – Oracle). Detailed understanding of Earned Value Management (EVM), progress reporting, forecasting, and performance analysis. Personal Skills Cooperative, hardworking and punctual Has proactive approach in delivering tasks Able to work independently with less supervision Good relationship with clients and staff Highly analytical, keen on details and can do multi-tasking Excellent analytical and problem-solving skills. Strong negotiation and communication abilities. Ability to work effectively in cross-functional teams. Communication Skills English(read/write//speak), other languages will be an added advantage (d) Physical requirements Aged between 30-40 years

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Our client is a global MNC with its corporate HQ based in Kuwait. With operations spanning both the Middle East and Europe, they are currently seeking an internationally minded professional to take responsibility for their Group Financial Reporting.

The role will report to the Group CFO and be responsible for consolidating financial statements, periodical financial reporting, supervising the function in Kuwait, and remotely overseeing the function in international locations. This is a senior position that involves managing relationships at a corporate level as well as leading a team of capable and technically skilled finance staff.

Applicants must have the following qualifications:

1. Qualified Accountant with 8-10 years of PQE
2. Strong technical experience in IFRS, Statutory Reporting, and Consolidations
3. Ideally experience in F&B, FMCG, or Retail sectors
4. Must be currently based in either the GCC or UK. Candidates outside these locations will NOT be shortlisted

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Our client is a global MNC with its corporate HQ based in Kuwait. With operations spanning both the Middle East and Europe, they are currently seeking an internationally minded professional to take responsibility for their Group Financial Reporting. The role will report to the Group CFO and be responsible for consolidating financial statements, periodical financial reporting, supervising the function in Kuwait, and remotely overseeing the function in international locations. This is a senior position that involves managing relationships at a corporate level as well as leading a team of capable and technically skilled finance staff. Applicants must have the following qualifications: Qualified Accountant with 8-10 years of PQE Strong technical experience in IFRS, Statutory Reporting, and Consolidations Ideally experience in F&B, FMCG, or Retail sectors Must be currently based in either the GCC or UK. Candidates outside these locations will NOT be shortlisted

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