Job Title: Finance Head
Job location: Kuwait
Reporting: Managing Director
To lead the Corporate Finance Organization, managing the finance function and providing the Mana in Director with financial management services.
Work Performed & Major Duties:
Approving and consolidating subsidiary forecasts and ensuring corrective action is performed
Assessing financial feasibility and attractiveness of opportunities for alliances, mergers & acquisitions, and strategic investments to support business development plans
Assisting in assessing the economic and regulatory environment of the countries of interest to support corporate and business development plans
Collecting and consolidating subsidiary budget forecasts to prepare monthly rolling forecasts for the Retail business
Consolidating subsidiary operational and capital budgetary plans to develop the Corporate operational and capital budgetary plan
Defining management reporting requirements; developing and maintaining management reports, including consolidated reports, at the Corporate level to provide financial information to management
Developing and maintaining corporate and business/country-specific financial policies and procedures to promote efficient operations
Developing the budget of the finance team to control spending
Developing the cash management strategy, including liquidity management, to ensure cash is deployed in accordance with treasury strategy
Ensuring adequate financial controls and procedures are in place; periodically reviewing controls regularly to minimize risk
Ensuring continuous insurance coverage is in force and adequately protects company assets, earnings and liabilities
Executing and communicating initiatives within the organization to raise awareness of its financial targets
Guiding development and implementation of treasury policies and procedures, ensuring compliance with corporate principles of ethics and controls
Identifying and defining Key Performance Indicators (KPls) to measure the achievement of company strategic business plans and targets
Managing accounting activities and administrative expenses, closing and consolidation of accounts, and producing financial reports to communicate results Managing company cash and processing payments to suppliers
Performing financial evaluation and due diligence of target companies for alliances, mergers & acquisitions, and strategic investments to assess business impact
Providing guidance on risk management and business development activities associated with, but not limited to, foreign exchange, commodities, interest rates, debt and capital structure, and investment assets
Providing industry or market-specific analysis to Business Development Manager in evaluating business development opportunities or initiatives
Recommending and managing relationships with banking and credit institutions to ensure operational liquidity and facilitate trade; providing guidance on negotiation of terms and conditions of financing and credit a requirements
|Reviewing and elaborating recommendations from Corporate Finance Directors to optimize
SBIJ existing capital structures and achieve desired leverage ratios
Supporting internal and external audits performed at the Corporate level to ensure compliance
Supporting the development of the Retail strategic plan, ensuring alignment with Group targets and incorporating approved subsidiary strategic plans
Validating company strategic business plan and ensuring alignment with Corporate targets to support strategic business Ian development.
o Has a frequent contact with all employees in Finance Department, All Department Managers / Directors and Banks / External Auditors.
|Minimum Requirements (Education – Experience – Skills):
o University Degree in Finance or MBA, with CFA or CPA certification 0 10 Years’ experience in relevant work o Experience in finance, including 4 years in a management level finance or accounting position.