31 Financial IT jobs in Kuwait

The Financial Controller plays a crucial role in managing the financial health of our organization, ensuring compliance with regulatory standards, and providing strategic financial insights. This position is pivotal in overseeing the financial operations and guiding the financial planning process. The ideal candidate will be responsible for developing financial strategies that align with the company's goals, managing budgets, and ensuring accurate financial reporting. They will work closely with various departments to optimize financial performance and support decision-making processes.

Responsibilities:

1. Oversee the preparation of financial statements, ensuring accuracy and compliance with accounting standards.
2. Manage the budgeting process, including forecasting and variance analysis.
3. Implement and maintain financial controls to safeguard company assets.
4. Conduct regular financial audits and prepare reports for senior management.
5. Collaborate with department heads to develop financial strategies that support business objectives.
6. Monitor cash flow and ensure the organization has adequate liquidity to meet its obligations.
7. Provide financial analysis and insights to support strategic decision-making.
8. Ensure compliance with local tax regulations and reporting requirements.
9. Lead and mentor the finance team, fostering a culture of continuous improvement.
10. Prepare and present financial reports to stakeholders, highlighting key performance indicators.

Preferred Candidate:

1. Strong analytical skills with attention to detail.
2. Excellent communication and interpersonal skills.
3. Proficient in financial software and Microsoft Excel.
4. Ability to work under pressure and meet tight deadlines.
5. Strong leadership and team management abilities.
6. In-depth knowledge of financial regulations and compliance.
7. Proactive and strategic thinker.
8. Experience in human resources outsourcing is a plus.
9. Ability to adapt to a fast-paced work environment.
10. Commitment to ethical financial practices.

Skills

• Advanced financial reporting and analysis skills.
• Proficiency in accounting software (e.g., QuickBooks, SAP).
• Strong understanding of financial regulations and compliance.
• Excellent organizational and time management skills.
• Ability to interpret complex financial data.
• Strong problem-solving skills.
• Effective communication skills, both written and verbal.
• Leadership and team management experience.

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

Job Summary
The job holder will be an integral part of the finance team providing clear, accurate, and insightful business/financial analysis. They will also contribute to business planning and be included in project work and/or specialist ad hoc reporting.

Job Responsibilities

1. Build an understanding of the value drivers of the business.
2. Create analytics around key performance indicators to facilitate qualitative reporting. These may include:
1. Business performance
2. Balance scorecard
3. Business development opportunities
4. Budgets and forecasts
5. Market and revenue analysis
6. Promotions and pricing
7. Capital expenditure approvals
8. Cash flow and working capital
9. Cost level analysis
10. Customer profitability
3. Provide clear analysis to incorporate within the monthly reports designed to allow management to understand key continuing and developing trends.
4. Provide support in the business planning and forecasting processes.
5. Liaise with business managers in areas of expertise and through confident and clear communication develop a trusted partner status through high-quality support and decision-aiding analysis.

Candidate Requirements

1. Professionally Qualified – CA/CPA/CMA/MBA or equivalent.
2. 1-3 years of post-qualification professional experience within finance.
3. Strong analytical skills; should be capable of identifying and interpreting key business drivers.
4. Sound knowledge of financial and management accounting concepts. Previous experience with ERP systems is desirable.
5. Self-starter, able to work across functions and in teams. Results-driven, with the ability to perform on unstructured assignments.
6. Positive attitude and flexibility to work in a multicultural environment.
7. Fluency in English; strong verbal and written communication skills.
8. Proficient in Excel and PowerPoint.

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

An opportunity exists within our finance function for a Financial Accountant. This is very much a “hands on” role that requires a thorough understanding of all aspects of the production of Financial Statements and all ancillary functions pertaining thereto.

• You will have a demonstrable understanding of the overall accounting process
• Ideally a good working knowledge of SAGE
• An understanding of payroll from a compliance perspective – RPNs, taxation etc. IPASS qualification would be an advantage.
• It is important that you can work as part of a team with a willingness to learn and share acquired knowledge
• You will be able to communicate effectively & efficiently
• A desire to learn and further yourself professionally
• Proficient in Excel and other MS products
• An intuitive understanding of processes coupled with a desire for continuous improvement

• The issuing and posting of sales invoices
• Oversight of the Purchase Ledger function to include the monthly reconciliation of Creditor accounts and payment of same
• The drafting and posting of monthly journals to culminate in the production of monthly management accounts
• Detailed monthly expense analysis to facilitate management’s understanding of the financials
• Filing and payment of returns on ROS to include P30, VAT3, Corporation Tax & DWT where appropriate
• Ensure that the statutory audit process is completed with strict timeframes and that all CT queries pursuant to the audit are answered
• Provision of payroll support to include the processing of payroll if required
• Submission of grant claims as and when appropriate to Enterprise Ireland
• Effective credit control management
• Contribute to the budgeting & forecasting processes
• Other ad hoc reporting / engagements as required

Bachelor of Business Administration(Management)

Nationality

Any Nationality

Vacancy

1 Vacancy

Job Description

This position will be responsible for planning, driving, and advising clients on their business financial strategy. He/ She will manage multiple client engagements and focus on client relationship management. He/She will perform financial analysis, prepare budgets, and forecasts as per requirements. The role will be assisting the business in making well informed decisions to ensure financial success. He/ She will be responsible for managing, coaching and developing team members.

This position is an excellent opportunity for individuals looking to manage/work with a great team, have autonomy and make an impact in a fast paced work environment.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Managing, identifying potential leads and growing portfolio of clients to ensure profitability
• Assisting with business development, upselling and cross selling of advisory services that will be mutually beneficial for the Client and Keepers
• Ensuring a healthy collection and receivables cycles of the portfolio
• Establishing, developing, and maintaining relationships with clients, key management personnel, and other stakeholders
• Understanding the clients short and long-term plans, assisting them in reaching their objective within the agreed upon scope, and providing strategic recommendations
• Ensuring all financial/management reporting, and delivery of the services as promised to the client
• Ensuring accuracy, and high quality in all deliverables in a timely manner
• Ensuring the manager/ partner is well informed about important client issues and ad hoc requests on a timely basis
• Providing direction, reviewing work of the team members and providing feedback in a thorough and constructive manner
• Collaborating with the team to achieve client goals, involving all members in decisions and actions
• Providing required training, and coaching to help team members learn, grow, and develop
• Liaising and coordinating with auditors for interim and annual audits
• Developing and preparing of the Standard Operating Procedures, identifying improvements and enhancements as required and providing training to all stakeholders on the same
• Preparing financial budgets, forecasts, and other analysis as per client requirements
• Analyzing financial and non-financial data, creating financial models, and providing recommendations to clients
• Developing initiatives, identifying problems, and finding solutions that will improve clients financial performance and position
  

QUALIFICATIONS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Required Skills/Abilities:

• Excellent communication and presentation skills
• Great teamwork and management
• Goal Oriented
• Solution Oriented
• Process Improvement
• Strategic Thinking
• Project Management
• Awareness of Business Trends
• Open to new challenges and willing to respond towards change
• Performing with a high degree of professionalism, integrity and business ethics

EDUCATION and/or EXPERIENCE:

• Bachelors in Business, Management, Commerce or Finance
• Professional Qualification (CFA, CMA, CPA, CA) is a plus
• Corporate Finance, Accounting or Finance Backgrounds
• Experience with Small-Medium Businesses, tools, & systems is a plus
• Advanced MS Excel skills, including Financial Modeling
• Understanding of International Financial Reporting Standard (IFRS)

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• 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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