assistant finance manager - middleeast with a billion dollar retail co.

send cv on info@busybig.com; call /sms 08080704539 - frm samir

Job title :Assistant Finance Manager

Reporting to: Country Finance Manager

Department: Finance

Function: Service

. Manage independently the finance operations and functions ensuring good internal

control, reporting and statutory compliance.

MIS & Budget

. Preparation of monthly MIS.

. Assist FM for budgeting & forecasting

• Gather all details as required at the time of budget preparation

. Working independently for closure of monthly accounts

. Identification of key risk areas and mitigating the risk

. Completion of Statutory audit, interacting with auditors

Commercial

• Ensuring all legal & statutory requirements relating to the stores are complied with.

. Develop & maintain relationship with Banks/Financial Institutions, Receive & Evaluate new

banking proposals.

. Compare, review/ analyse all legal agreements including new projects and report to Country

Finance Manager

. Coordinate with Country Finance Manager regarding budgeting & cash flow management

. Provide training/ induction to new joiners in the commercial department on the stock take

procedures.

Team Assignment

. Maintain close liaison and working relationship with Divisional managers in the Dept and

provide support to other Divisions as and when required.

. Maintain close working relationship with HR, logistics and IT to monitor various indicators

pertaining to Stock, margin, Prices, etc. and resolve all issues.

. Maintain close review with Maintenance to keep control of capital expenses and other monthly

routine expenses.

General & Revenue

. To report to the Finance Manager immediately for all deviation or violations of policies &

procedures

. Review of accounting of sales of all tender types.

• Monitoring Daily Cash & bank position for effective fund management. Daily cash flow position,

liaison with AP team and forecasting the fund requirement for following weeks, suggesting new

Fixed Deposits.

• Liaison with banks regarding LCs, Guarantees, deposit rates, bank charges and any other

disputes.

. Review and monitor all expense postings in the finance software.

. Ensuring all provisions are sufficiently provided and schedules updated

. Conducting bi- monthly cash audit across all stores and physical cash verification of petty cash

weekly and reporting to the Finance manager. Ensuring that the policies are adhered.

. Closing of accounts each month and reporting MIS by 2nd of the following month.

. Preparation of schedules of all Balance Sheet items including advances, deposits and provisions

each month.

. Review of Receivable management & Ageing.

. Ensure that the Authorization Matrix is followed for LPO’s & cheques.

. MIS file preparation

• Reporting deviations on implementation of policies & procedures to Country Finance Manager.

Accounts Payable

. To check all supplier payment vouchers before forwarding to Finance Manager for signature

and ensure preparation of payments on due date.

. Review of monthly commercial MIS. (GM, Rebate, Other income le; line#9) and comparison

study and reporting on variance.

. Monthly closing and MIS of various commercial sections including preparation of consolidated

presentation for MIS.

. Ensuring all terms & conditions are followed as per the Supplier business agreement.

. Ensuring all policy and procedures are followed (LPO matrix, stock take)

. Any exceptions to normal policy/procedure in connection with A/P to be highlighted

immediately to the Country Finance Manager.

. Ensure 100% half yearly reconciliation of “suppliers balances”

. Analysis on Landing Costs for all imports suppliers.

Qualification and experience

• CA or CA (Inter) with experience

• Age 24—30 years (Male)

• Must have minimum 4 years of post qualification experience (preferably in Retail Industry)

. Must be presentable, with very good communication and ability to manage and lead Teams

. Must be able to work independently within the broad policy framework, take initiative and

deliver results against odds

What you are responsib to achieve

. Stake holder’s confidence in company’s financial performance

• Establishing of Internal Controls and procedures

• High rating on the external audits

. Timely, accurate, and relevant financial reporting and financial statements

Competence and Capabilities

• Strategic planning

. Delivering results in challenging environment

. Ability to take ownership and powerful drive and resilience

. Excellent influencing and interpersonal skills ;People skills

• Excellent business acumen

. Leading, managing, inspiring and developing people

. Strong Customer Focus

. Change Management

. Ability to create a work environment that embraces, appreciates and fosters diversity

send cv on info@busybig.com; call /sms 08080704539 - frm samir