Assistant Finance Controller – Financial Services

Alert International; Kuwait City; On-site; KWD 15,000 - 30,000; Full time

Job summary

A leading financial services firm in Kuwait City is seeking a detail-oriented Financial Controller responsible for managing divisional financial controls, strategic planning, and ensuring compliance with regulatory requirements. The ideal candidate will have a minimum of 15 years' experience in finance, with at least 5-10 years in a managerial role. This position requires strong interpersonal skills and a background in financial reporting, budgeting, and risk management.

Qualifications

• Qualified Finance Professional with a focus on financial compliance.
• Minimum 15 years of work experience, with 5-10 years in a managerial role.
• Strong background in financial services industry required.

Responsibilities

• Manage Divisional Financial Controls and Strategic Planning.
• Ensure timely financial reporting compliant with regulations.
• Identify and mitigate financial risks.

Skills

Financial reporting

Budgeting

Regulatory compliance

Forecasting models

Data analysis

Education

CA / CPA / CMA / ACCA

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