2 Investment Funds jobs in Kuwait
Assistant Finance Controller – Financial Services
Kuwait City, Al Kuwayt
Alert International
Posted 4 days ago
Job Viewed
Job Description
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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Assistant Finance Controller – Financial Services
Kuwait City, Al Kuwayt
Alert International
Posted 3 days ago
Job Viewed
Job Description
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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This advertiser has chosen not to accept applicants from your region.
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