Finance Manager

HealthCare Dynamics Gen. Trading Company W.L.L; Kuwait City; On-site; KWD 15,000 - 25,000; Full time

Job summary

A leading company in Kuwait is seeking a Finance Manager to direct all financial activities, ensure compliance, and support decision-making processes. The incumbent will lead a finance team, manage financial reporting, and implement effective financial strategies. This role requires significant experience in financial management and strong knowledge of local regulations.

Qualifications

• Minimum of 7-10 years of experience in financial management or accounting roles.
• Strong experience in budgeting, forecasting, and financial analysis.
• Thorough understanding of financial regulations and reporting requirements in Kuwait.

Responsibilities

• Manage all financial activities, including ledger maintenance and financial statement consolidation.
• Ensure timely financial reporting and compliance with accounting standards.
• Oversee payroll processing and monitor cash flow.

Skills

Leadership

Decision-Making

Conflict Resolution

Team Collaboration

Performance Management

Accounting Software Familiarity

ERP Knowledge

Advanced Excel Skills

Education

Bachelor’s degree in Finance, Accounting, or related field

Master’s degree in Finance, Business Administration (MBA)

Professional certifications such as CFA, CPA, or CMA

Job description

JOB PURPOSE:

The Finance Manager oversees and directs all financial activities, ensuring effective financial planning, management, and compliance across the organization. This role supports decision-making processes by providing accurate financial insights and leads the finance team to drive performance and achieve strategic goals.

Financial Oversight and Reporting:

• Manage all financial activities, including ledger maintenance, cost and revenue allocation, and the consolidation of financial statements.
• Prepare and consolidate financial statements, including balance sheets, profit and loss statements, and cash flow statements, to accurately reflect the company’s financial health and projections.
• Ensure timely and accurate financial reporting and the integrity of period-end closing processes in compliance with International Accounting Standards and local regulations.
• Provide comprehensive financial analysis and insights to support business planning and performance improvement.

Compliance and Strategic Management:

• Serve as the main point of contact with banks, financial institutions, external auditors, and other financial partners.
• Ensure that financial practices and processes adhere to statutory and regulatory requirements, implementing internal controls and risk management strategies as needed.
• Monitor and manage cash flow, optimizing liquidity to support operational needs and future investments.
• Oversee payroll processing in collaboration with HR to ensure accuracy and compliance with legal and financial standards.
• Develop and maintain robust financial policies and procedures that support the company’s strategic goals.

Issue Resolution and Risk Management:

• Review and oversee accounts receivable and payable processes, ensuring discrepancies are resolved and transactions are executed in line with business requirements and financial controls.
• Address complex financial and legal challenges, including negotiations with key partners and suppliers and handling major financial settlements or disputes.
• Engage with government bodies as needed to support the resolution of overdue accounts, ensuring all necessary documentation is provided.
• Conduct ongoing risk assessments and develop strategies to mitigate potential financial risks.

Performance and Investment Analysis:

• Analyze financial performance, including investment returns, brand and store profitability, and cost structures, to drive continuous improvement.
• Review and ensure the accuracy of financial entries, cost center allocations, and documentation of transactions.
• Provide actionable financial insights and recommendations to enhance profitability and operational efficiency.

Operational and Team Management:

• Monitor and optimize financial processes to ensure accuracy, timeliness, and operational efficiency.
• Lead, manage, and develop the finance team, fostering a culture of accountability, high performance, and continuous professional growth.
• Provide coaching and mentoring to finance team members to strengthen technical and professional skills.
• Collaborate with cross-functional teams to ensure financial alignment with company-wide initiatives and operational goals.
• Encourage and support teamwork within the finance department, creating an environment that promotes innovation and problem-solving.

EDUCATION AND EXPERIENCE:

• Bachelor’s degree in Finance, Accounting, or a related field.
• Master’s degree in Finance, Business Administration (MBA), or equivalent is preferred.
• Professional certifications such as CFA, CPA, or CMA are preferred.
• Minimum of 7-10 years of experience in financial management or accounting roles, with a proven track record of leadership and financial oversight.
• Strong experience in budgeting, forecasting, and financial analysis.
• Previous exposure to both B2B and B2C operations, ideally in the food service, retail, or FMCG sectors.
• Thorough understanding of financial regulations and reporting requirements in Kuwait.

SKILLS AND COMPETENCIES:

1- Familiarity with financial software (Oracle / 365), accounting systems, and advanced Excel skills.

2- Knowledge of ERP systems are often crucial.

3- Leadership: Inspiring and guiding team members to achieve their best.

4 -Team Collaboration: Fostering a collaborative environment where team members work together effectively to achieve common goals.

5- Decision-Making: Making informed and timely decisions.

6- Conflict Resolution: Addressing and resolving conflicts effectively.

7- Performance Management: Setting goals, providing feedback, and evaluating performance.