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Job Specification

  • Number of Vacancies: 1
  • Job Type: Full-time
  • Experience: 10 to 15 years
  • Job Code: JB108710
  • Expiry Date: Jul 03, 2019

Job Summary

  • Functional Area: Finance
  • Job Role: Finance Manager
  • Location: Al Khobar Saudi Arabia

Job Description

  • To manage financial activities/operational issues related to finance and to meet the objectives set for the organization.
  • Plan, organize, coordinate, manage and control all functions of finance and account sections.
  • Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, and/or reports required by the higher management.
  • Manage employees performing financial reporting, accounting, billing, collections, payroll, and budgeting duties.
  • Maintain current knowledge of company policies and procedures, and current accounting standards.
  • Conduct or coordinate audits of company accounts and financial transactions to ensure compliance with organization as well as government requirements and regulations.
  • Receive and record requests for disbursements; authorize disbursements in accordance with policies and procedures.
  • Monitor financial activities and details such as reserve levels to ensure that all legal and regulatory requirements are met.
  • Monitor and evaluate the performance of accounting and other financial staff; recommend and implement personnel actions such as promotions and dismissals.
  • Develop and maintain relationships with banking, insurance, and non-organizational accounting personnel in order to facilitate financial activities.
  • Coordinate and manage the financial planning, budgeting, procurement, or investment activities of all or part of an organization.
  • Develop internal control policies, guidelines, and procedures for activities such as budget administration, cash and credit management, and accounting.
  • Analyze the financial details of past, present, and expected operations in order to identify development opportunities and areas where improvement is needed.
  • Advise management on short-term and long-term financial objectives, policies, and actions.
  • Evaluate needs for procurement of funds and investment of surpluses, and make appropriate recommendations.
  • Lead staff training and development in budgeting and financial management areas.
  • Monitor Receipt of  cash and checks, and deposit funds.
  • Compute, withhold, and account for all payroll deductions.
  • Determine depreciation rates to apply to capitalized items, and advise management on actions regarding the purchase, lease, or disposal of such items.
  • Make financial analysis and give recommendations on them
  • Participating in strategic planning, and formulating long-term business plans.
  • Conducting reviews and evaluations for cost-reduction opportunities.
  • Monitoring cash flow, receivable and inventory control.
Skills & Qualifications:
  • Must  have  at  least  a  Bachelor  Degree  in  Accounting  or  Finance,  preferably  with additional higher specialized certificates in Finance or Management / Cost Accounting, such as CMA, CFM, or CPA.
  • Minimum  10+ years work experience. 
  • Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  • Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
  • Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • Motivating, developing, and directing people as they work, identifying the best people for the job.
  • Determining how money will be spent to get the work done, and accounting for these expenditures.
  • Establishing long-range objectives and specifying the strategies and actions to achieve them (develop policies, procedures, methods, or standards)

 
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