47 Financial Controller jobs in Kuwait

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.
• Strive to improve revenue and profits of all departments by focusing on topline growth as well as scouting for various cost saving initiatives.
• Ensure timely and accurate financial reporting that is compliant with statutory regulations and is free of financial irregularities.
• Prepare monthly budgets and financial statements within timelines.
• Continuously review and recommend changes to policies and procedures to exercise effective financial controls. Ensure compliance with the same by the Operating Management.
• Interpret and analyze financial statements for meaningful comparison (trend analysis, variance analysis, benchmarking, KPIs, etc.)
• Review financial statements and ledgers; work with the team to resolve any discrepancies.
• Review financial implications and payouts of incentive schemes and provide feedback on their feasibility and effectiveness.
• Prepare monthly MIS reports and generate the same from ERP system (Auto line)
• Assess performance of various Business Units and generate financial statements for the same.
• Understand the cost component nuances in Automotive industry, ensure appropriate inventory costing is performed.
• Ensure adequate provisions for doubtful debts & obsolescence inventory is created in line with the applicable policies
• Manage supplier incentives/ rebates and ensure timely recovery in line with Annual target agreements.
• 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.
• Project cash flow requirements and submit to Corporate Finance.
• Perform routine activities in accordance with agreed deadlines, standards and discharge any other task assigned by superiors in a timely and effective manner.
• Reviewing company’s balance sheets and supporting finance team with invoicing and capital expenditure.
• Fair knowledge of financial modeling, hedging & forex updates.
• 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.

Educational Qualification

• Bachelor's Degree in Finance/Accountancy/Banking or equivalent; MBA would be a plus

Experience

• Years of Experience: 15 - 20 Years
• Field of Experience : Finance experience in an Automotive Industry

Skills

• Strong knowledge in cost accounting, hedging and forex management including at least 5 years of experience at Managerial level in Finance.
• Demonstrate skills in forecasting models, data analysis with the ability to interpret financial data with clarity in the application of IFRS & IAS standards.
• High degree of Accountability, Integrity & Responsibility in all tasks assigned.

Job Remarks

• Preferred Language: English
• Job Country : Kuwait
• Duty Shift / Timings : One Shift / 8:00 am - 5:00 pm

Financial Controller

Michael Page - Al Kuwait, Kuwait

Posted In 27/4/2014

Job Description:

The Financial Controller will report to the General Manager and will head the Finance department, responsible for:

1. Adequate P&L management, cash flow management and reporting as it relates to the Business' key projects.
2. Overseeing the financial accounting, financial analysis, budgeting and reporting functions, project cost controlling and collections.
3. Providing support to the Regional Finance Director, leading the development of SAP Finance.
4. Assuring a complete and smooth transfer of the Accounting duties to the Finance Shared Service Centre (FSSC) located in Dubai.
5. Considering financial impacts within project decision-making processes.
6. Ensuring on cost delivery and support and on-time delivery of all key project milestones.
7. Managing project risks, opportunities & financial exposure adequately.
8. Monitoring all company assets, ensuring they are accurately accounted for, maintaining necessary assets records/registers, and ensuring periodic physical verification as per company policies and procedures.

Job Category: Accounting & Audit

Job Requirements:

Experience: Any

Career Level: Senior

Job Type: Full Time

Vacancies: 3 Open Positions

Salary: Negotiable

Gender: Any

Degree Level: Any

Faculty / Institute: Any

Major: Any

Age: Any

Nationality: Any

Residence Location: Any

Languages: Any

Own a Car: Any

Have Driving License: Any

Job Skills: To be successfully considered for this role you should:

1. Be an Arabic speaker.
2. Have CPA/CA/CMA/CFM or equivalent (preferred).
3. Possess strong skills to analyze financial data, prepare financial reports, statements, and long-term and short-term budgeting and forecasting.
4. Have excellent knowledge of SAP.
5. Exhibit strong interpersonal and communication skills.

About The Company:

Michael Page is one of the world's leading professional recruitment consultancies, specializing in the placement of candidates in permanent, contract, temporary, and interim positions with clients around the world. The Group operates through 161 offices in 33 countries and employs over 5,000 employees worldwide.

Company Industry: Recruitment Agencies

Get AI-powered advice on this job and more exclusive features.

• 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.
• Strive to improve revenue and profits of all departments by focusing on topline growth as well as scouting for various cost saving initiatives.
• Ensure timely and accurate financial reporting that is compliant with statutory regulations and is free of financial irregularities.
• Prepare monthly budgets and financial statements within timelines.
• Continuously review and recommend changes to policies and procedures to exercise effective financial controls. Ensure compliance with the same by the Operating Management.
• Interpret and analyze financial statements for meaningful comparison (trend analysis, variance analysis, benchmarking, KPIs, etc.)
• Review financial statements and ledgers; work with the team to resolve any discrepancies.
• Review financial implications and payouts of incentive schemes and provide feedback on their feasibility and effectiveness.
• Prepare monthly MIS reports and generate the same from ERP system (Auto line)
• Assess performance of various Business Units and generate financial statements for the same.
• Understand the cost component nuances in Automotive industry, ensure appropriate inventory costing is performed.
• Ensure adequate provisions for doubtful debts & obsolescence inventory is created in line with the applicable policies
• Manage supplier incentives/ rebates and ensure timely recovery in line with Annual target agreements.
• 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.
• Project cash flow requirements and submit to Corporate Finance.
• Perform routine activities in accordance with agreed deadlines, standards and discharge any other task assigned by superiors in a timely and effective manner.
• Reviewing company’s balance sheets and supporting finance team with invoicing and capital expenditure.
• Fair knowledge of financial modeling, hedging & forex updates.
• 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.

Educational Qualification

• Bachelor's Degree in Finance/Accountancy/Banking or equivalent; MBA would be a plus

Experience

• Years of Experience: 15 - 20 Years
• Field of Experience : Finance experience in an Automotive Industry

Skills

• Strong knowledge in cost accounting, hedging and forex management including at least 5 years of experience at Managerial level in Finance.
• Demonstrate skills in forecasting models, data analysis with the ability to interpret financial data with clarity in the application of IFRS & IAS standards.
• High degree of Accountability, Integrity & Responsibility in all tasks assigned.

Job Remarks

• Preferred Language: English
• Duty Shift / Timings : One Shift / 8:00 am - 5:00 pm

• Seniority level Mid-Senior level

• Employment type Full-time

• Job function Finance and Management
• Industries Retail

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Kuwait City Metropolitan Area 1 month ago

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Finance Management Responsibilities

•Oversee end-to-end financial operations for the Trading & Manufacturing Division comprising multi-sector & multi-site businesses.

•Ensure timely and accurate preparation of periodic financial statements (PL/BS/CF) and monthly MIS/KPIs at both business-unit and consolidated division levels.

•Timely month and year closing, preparation of year end financials in compliance with applicable IFRS & IAS standards, co-ordinate with Group Finance, External Auditors and ensure signed financials within set timelines.

•Lead the budgeting, forecasting, and financial planning cycles.

•Partner with business unit leaders to align on financial KPIs, cost management strategies, and effective cash flow planning.

•Develop and implement financial models for product-wise, service-wise, and project-based profitability analysis.

•Conduct variance analysis and performance reviews to support data-driven decision-making.

•Support establishment of internal financial controls and risk management processes, especially in newly launched business units.

•Manage working capital through AR follow-up, inventory control, vendor payments, bank guarantees, and fixed asset investments.

•Liaise with Corporate office, internal and external auditors to ensure compliance, accuracy, and financial governance.

Systems & Automation Responsibilities

•Lead process streamlining and financial systems optimization across SAP (PPCO/PS modules) and Oracle ERP systems.

•Lead ERP transition and change management, including upskilling initiatives for teams migrating to Oracle.

•Support automation and reporting enhancements, including Narrative Reporting, ARCS, and PCMCS.

•Enhance use of SAP modules for improved visibility into performance and real-time financial insights.

•Collaborate with IT and business teams to design, test, and implement system enhancements, controls, and reports.

•Establish SOPs and system control checklists to maintain data integrity, especially in new business units.

People Management Responsibilities

•Lead and mentor the finance team size of 20–25, fostering a culture of continuous improvement.

•Drive team growth through performance evaluations, skill gap analysis, and focused training programs.

•Coordinate with corporate office to manage KPIs, review deliverables, conduct performance discussions, and resolve grievances.

•Promote cross-functional collaboration across finance, operations, sales, and service to improve overall financial literacy and alignment.

Skills

Educational Qualifications

Education Degree

: Master of Business Administration

Major

: • Qualified Finance Professional holding CA / CPA / ACMA / ACCA

Experience

Years of Experience

: 12 - 20Years

Field of Experience

: Industry Preference: Manufacturing & Services, Projects and Retail

Skills

•At least 5 years of experience at Managerial level in Finance

•Demonstrate experience in managing Finance end-to-end processes, forecasting models, data analysis along with strong command over IFRS & IAS standards.

•Demonstrated experience in ERP Projects (SAP, ORACLE)

•High degree of Accountability, Integrity & Responsibility in all tasks assigned.

Get AI-powered advice on this job and more exclusive features.

• Oversee end-to-end financial operations for the Trading & Manufacturing Division comprising multi-sector & multi-site businesses.
• Ensure timely and accurate preparation of periodic financial statements (PL/BS/CF) and monthly MIS/KPIs at both business-unit and consolidated division levels.
• Timely month and year closing, preparation of year end financials in compliance with applicable IFRS & IAS standards, co-ordinate with Group Finance, External Auditors and ensure signed financials within set timelines.
• Lead the budgeting, forecasting, and financial planning cycles.
• Partner with business unit leaders to align on financial KPIs, cost management strategies, and effective cash flow planning.
• Develop and implement financial models for product-wise, service-wise, and project-based profitability analysis.
• Conduct variance analysis and performance reviews to support data-driven decision-making.
• Support establishment of internal financial controls and risk management processes, especially in newly launched business units.
• Manage working capital through AR follow-up, inventory control, vendor payments, bank guarantees, and fixed asset investments.
• Liaise with Corporate office, internal and external auditors to ensure compliance, accuracy, and financial governance.

Systems & Automation Responsibilities

• Lead process streamlining and financial systems optimization across SAP (PPCO/PS modules) and Oracle ERP systems.
• Lead ERP transition and change management, including upskilling initiatives for teams migrating to Oracle.
• Support automation and reporting enhancements, including Narrative Reporting, ARCS, and PCMCS.
• Enhance use of SAP modules for improved visibility into performance and real-time financial insights.
• Collaborate with IT and business teams to design, test, and implement system enhancements, controls, and reports.
• Establish SOPs and system control checklists to maintain data integrity, especially in new business units.

People Management Responsibilities

• Lead and mentor the finance team size of 20–25, fostering a culture of continuous improvement.
• Drive team growth through performance evaluations, skill gap analysis, and focused training programs.
• Coordinate with corporate office to manage KPIs, review deliverables, conduct performance discussions, and resolve grievances.
• Promote cross-functional collaboration across finance, operations, sales, and service to improve overall financial literacy and alignment.

Educational Qualification

• Education Degree: Master’s Degree in Business / Finance
• Qualified Finance Professional holding CA / CPA / CMA / ACCA

Experience

• Years of Experience: 12 - 20 Years
• Preferred Industry: Manufacturing & Services, Projects and Retail

Skills

• At least 5 years of experience at Managerial level in Finance
• Demonstrate experience in managing Finance end-to-end processes, forecasting models, data analysis along with strong command over IFRS & IAS standards.
• Demonstrated experience in ERP Projects (SAP, ORACLE)
• High degree of Accountability, Integrity & Responsibility in all tasks assigned.

Job Remarks

• Preferred Language: English, Arabic
• Duty Shift / Timings : One Shift / 8:00 am - 5:00 pm

• Seniority level Mid-Senior level

• Employment type Full-time

• Job function Finance
• Industries Manufacturing, Industrial Machinery Manufacturing, and Retail

Referrals increase your chances of interviewing at Al Mulla Group by 2x

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.