About the Role
The position involves managing and overseeing the financial operations of a group of companies, ensuring efficient financial control and compliance. The role includes preparing and reviewing annual budgets, analyzing monthly variances, and developing initiatives to optimize costs and improve profitability. Additionally, the candidate will be responsible for leading the finance team, managing cash flow, and ensuring adherence to financial policies and regulations.
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Key Responsibilities
- Prepare and review annual budgets for all group companies and monitor their approval.
- Generate and present monthly variance reports, analyze their causes, and provide recommendations to management.
- Oversee the Odoo system, ensuring its efficiency and development to achieve high levels of financial and operational control.
- Review financial processes and workflows, conducting audits on transactions before disbursement.
- Assess the monthly trial balance for accuracy, addressing comments and errors accordingly.
- Develop and implement cost reduction and profitability improvement initiatives.
- Monitor collections, manage cash flows, banking facilities, and financial liquidity.
- Prepare cash flow reports and determine the company's financing needs.
- Supervise asset protection, inventory management, regular reconciliations, and ensure compliance with approved purchasing policies.
- Ensure tax compliance, review tax returns, and verify their submission according to established regulations and guidelines.
- Prepare financial statements and periodic reports for senior management, analyzing revenues, costs, and financial performance indicators.
- Develop and implement internal control systems, financial regulations, and policies, continuously reviewing documentation processes.
- Lead the finance team through planning, training, guidance, and performance measurement, enhancing productivity.
Requirements
- Bachelor's degree in Accounting, Finance, or equivalent.
- Minimum of 7 years of experience in financial management, including at least 3 years in a leadership position.
- Advanced practical experience with Odoo ERP.
- Strong knowledge of zakat, taxes, VAT, and financial compliance.
- Experienced in budget preparation, cash flow management, and financial analysis.
- High leadership skills with the ability to manage teams and improve performance.
- Proficient in Microsoft Office applications, particularly Excel.
- Professional certifications such as SOCPA, CMA, CPA, or ACCA are preferred.
Benefits
- Competitive salary based on experience and competence.
- Performance-related incentives and bonuses based on achieving targets.
- Medical insurance for the employee.
- Paid annual leave in accordance with the law.
- Professional work environment that supports development and career growth.
- Opportunity to participate in developing the company's financial strategy and decision-making.
