Finance Manager

Job Description

Responsibilities:

• Financial Planning and Analysis:
  • Develop and implement financial strategies, plans, and forecasts to support the companys business objectives.
  • Conduct financial analysis and provide insights to support decision-making processes.
  • Monitor and analyze financial performance, identifying trends, variances, and opportunities for improvement.
• Budgeting and Forecasting:
  • Prepare and manage the annual budget, ensuring alignment with the companys strategic goals.
  • Oversee the forecasting process, providing accurate and timely financial projections.
  • Track and report on budget performance, addressing any discrepancies.
• Financial Reporting:
  • Prepare and present monthly, quarterly, and annual financial reports to senior management and stakeholders.
  • Ensure compliance with financial reporting standards and regulatory requirements.
  • Manage the preparation of financial statements, ensuring accuracy and completeness.
• Cost Management:
  • Monitor and control company expenditures to ensure efficient use of resources.
  • Implement cost-saving initiatives and identify areas for financial improvement.
  • Oversee the management of operational costs, including inventory and supply chain expenses.
• Cash Flow Management:
  • Monitor and manage cash flow to ensure the companys liquidity and financial stability.
  • Oversee accounts payable and receivable, ensuring timely and accurate processing.
  • Manage banking relationships and optimize cash management practices.
• Risk Management and Compliance:
  • Identify financial risks and develop mitigation strategies.
  • Ensure compliance with all financial regulations, internal policies, and procedures.
  • Manage internal and external audits, addressing any findings and implementing recommendations.
• Team Leadership and Development:
  • Lead and manage the finance team, providing guidance, support, and professional development opportunities.
  • Foster a collaborative and high-performance work environment.
  • Conduct regular performance reviews and provide constructive feedback.

Qualifications:

• Bachelors degree in Finance, Accounting, or a related field; a Masters degree or professional certification (e.g., CPA, CFA) is preferred.
• Minimum of 5 years of experience in financial management, preferably in the retail sector.
• Strong understanding of financial principles, practices, and regulations.
• Excellent analytical, problem-solving, and decision-making skills.
• Proficiency in financial software and Microsoft Office Suite.
• Strong leadership and team management abilities.
• Excellent communication and interpersonal skills.
• Fluency in English is required; knowledge of Arabic is an advantage.