Overview
Financial Manager Jobs in Saudi Arabia at ALYACHT MARKTING COMPANY
The Financial Manager will be responsible for developing and implementing financial strategies that align with the company’s goals. Key responsibilities include:
- Preparing the annual financial plan and linking it to the strategic plan for the manufacturing unit.
- Preparing annual budgets, operational budgets, and capital budgets.
- Developing financial forecasts and cash flow projections.
- Analyzing variances and taking corrective actions.
Financial Management:
- Managing cash flows and liquidity effectively.
- Overseeing bank account management and credit facilities.
- Monitoring compliance with financial regulations and ensuring adherence to deadlines.
- Establishing financial control policies and ensuring compliance.
Accounting and Financial Reporting:
- Supervising the preparation of monthly, quarterly, and annual financial statements.
- Ensuring compliance with established accounting standards.
- Reviewing accounting entries, adjustments, and periodic closures.
- Preparing financial reports for senior management and the board of directors.
Cost Accounting:
- Supervising the calculation of production costs.
- Monitoring raw material costs, labor costs, and overheads.
- Analyzing cost structures and efficiency.
- Preparing cost reports and analyzing profit margins.
- Monitoring waste and losses and working to reduce them.
Internal Audit:
- Developing an internal audit system.
- Reviewing financial policies and procedures.
- Monitoring compliance with regulatory requirements.
- Managing financial risks and internal controls.
Tax Compliance:
- Overseeing the preparation of tax returns and compliance.
- Monitoring compliance with governmental regulations.
- Coordinating with external auditors.
- Reviewing audit results and implementing recommendations.
Banking and Financial Relationships:
- Managing relationships with banks and financial institutions.
- Negotiating financing arrangements and guarantees.
- Preparing financial studies for financing requests.
- Monitoring compliance with financial covenants.
Working Capital Management:
- Monitoring inventory and its impact on cash flow.
- Tracking receivables and ensuring timely collection.
- Managing payables effectively.
- Improving working capital efficiency.
Financial Analysis:
- Analyzing profitability by product lines and sales channels.
- Preparing feasibility studies for new projects.
- Evaluating investment opportunities and expansion prospects.
- Preparing financial performance indicators and reporting them to senior management.
Leadership and Management:
- Leading and developing the finance team.
- Delegating tasks and monitoring performance.
- Enhancing financial competencies.
- Promoting a culture of compliance and governance.
Title: Financial Manager
Company: ALYACHT MARKTING COMPANY
Location: Saudi Arabia
