Finance Manager

Trafalgar Luxury Group; Kuwait City; On-site; KWD 65,000 - 85,000; Full time

Job summary

A luxury hospitality firm in Kuwait City seeks an experienced Financial Executive to manage accounting, oversee financial compliance, and lead strategic financial management. The ideal candidate must have 12-15 years of finance experience, with at least 5 years as a senior executive, and hold an MBA or equivalent in Finance. Proficiency in MS Office and strong leadership skills are required. Knowledge of IFRS and financial reporting is essential.

Qualifications

• 12-15 years of experience in management positions within finance.
• 5 years of recent experience as a top financial executive.

Responsibilities

• Manage accounting and financial systems.
• Oversee financial affairs and compliance.
• Lead financial reporting and budgeting processes.

Skills

Proficiency in MS Office packages

Risk assessment knowledge

Strategic financial management skills

Leadership and personal effectiveness

Proficiency in English

Satisfactory in Arabic

Education

MBA or equivalent in Finance

Job description

Management

1. Provides a focus and a sense of direction to the department employees and management
2. Establish and carry out the departmental goals, policies, and procedures
3. Manage general activities related to providing the departmental services
4. Consult with other executives, staff, and team members about general operations
5. Endeavor to develop and succeed in maintaining appropriate company image that strives towards excellence in satisfying customers
6. Develop quantified M.B.O. plans for the direct subordinates and ensure that the process propagates through all levels
7. To maintain viable and healthy relations with strategic accounts, business partners, official entities, and government bodies

Technical

1. Manage accounting and financial systems and maintain full and accurate accounting records
2. Provide financial and accounting advice, direction, and leadership
3. Oversee the financial affairs of the organization, including the supervision of investments, accounting and budgeting in accord with applicable regulations, IFRS, and generally accepted accounting principles
4. Consult and advise the executive management on the review and approval of the annual operative and yearly budget submission
5. Direct, manage, and oversee all financial operations, including budgeting, forecasting, and financial planning.
6. Developing and implementing financial strategies to drive growth, profitability, and long-term sustainability.
7. Leading the financial reporting process, ensuring accuracy and compliance with regulatory standards.
8. Collaborating with executive management to guide strategic decision-making with financial insights and analysis.
9. Managing relationships with financial institutions, auditors, and other key stakeholders.
10. Ensuring compliance with all financial laws and regulations, including tax planning, compliance, and audits.
11. Providing leadership and direction to the finance team, fostering a culture of accountability and excellence.
12. Prepare periodic and end of the year financial statements to meet regulatory requirements and management needs, for decision-making purposes
13. Prepare specialized financial reports for the investment rating institutes, and other external & governmental agencies.
14. Implement financial policies and procedures as required to ensure the smooth and efficient operations of the organization and its affiliated and related corporations.
15. Conduct financial analysis and prepare detailed financial reports and statements
16. Evaluate the performance of, and provide training and development opportunities for finance staff

Job Requirements

A. Education

• College or University Graduate (preferable higher level of education MBA, etc.…) in the field of Finance

B. Professional Experience

• From twelve (12) to Fifteen (15) years’ experience gained through increasingly responsible management positions within finance.
• A minimum of five (5) years’ recent experience as a top financial executive.

C. Competencies Required

• Proficiency in MS Office packages such as Word and Excel, PowerPoint Presentation; e-mail and internet etiquette, business valuation, acquisition, feasibility studies, business plan presentations, data research and interpretation.
• Knowledgeable with risk assessment.
• Management skills related to strategic financial management.
• Knowledge of generally accepted accounting principles and the IFRS
• Knowledge in preparation of financial statements and reports
• Experience in strategic planning and execution.
• Extensive knowledge of accounting, budget formulation, and control
• Familiarity with related government sectors’ regulations
• Leadership and personal effectiveness
• Proficiency in English language
• Satisfactory in Arabic language
• Physically and mentally fit for the job

D. Required Licenses/Certifications (either of the below mentioned qualifications)

• Chartered Accountant
• CMA
• CFA
• CPA