The Finance Manager is responsible for managing and overseeing the daily financial operations related to Accounts Payable, Accounts Receivable, and Fixed Assets (PPE) within an oil & lubricants manufacturing environment. The role ensures the accuracy of financial records, preparation of financial reports and statements, enforcement of accounting policies, and effective financial control. A strong understanding of industry-specific costing, pricing structures, inventory valuation, and manufacturing-related financial processes is essential to support business objectives and operational efficiency.
Qualifications & Requirements
- Bachelor's degree in Finance, Accounting, or a related field
- Minimum 8 years of relevant experience, including at least 4 years in a managerial role, preferably within oil, lubricants, manufacturing, or industrial sectors
- Professional certifications (e.g., CPA, CMA) are an advantage but not mandatory
- Strong knowledge of manufacturing cost structures, inventory accounting, and pricing models
Key Responsibilities
Strategic Responsibilities
- Develop and implement departmental financial work plans aligned with organizational and manufacturing objectives.
- Monitor execution of plans, workflow efficiency, and compliance with internal policies and industry regulations.
- Participate in budgeting, expenditure monitoring, cost optimization, and margin control activities related to production and distribution.
Technical & Operational Responsibilities
- Oversee all accounting operations including AP, AR, General Ledger, reconciliations, and fixed assets within a manufacturing context.
- Manage month-end and year-end closing processes in coordination with production, supply chain, and operations teams.
- Prepare and review quarterly and annual financial statements.
- Review financial transactions, cost allocations, and inventory movements, and resolve discrepancies.
- Support internal and external audits, including audits related to manufacturing, inventory, and compliance.
- Supervise preparation of zakat and tax filings and ensure full regulatory compliance.
- Address and resolve financial matters with suppliers, distributors, and customers.
- Contribute to developing and enhancing accounting policies and procedures relevant to oil & lubricants manufacturing and distribution.
Administrative & People Management
- Lead and manage the finance team through regular meetings, clear direction, and performance monitoring.
- Evaluate team performance and recommend development and corrective actions as needed.
- Identify training needs and assess training effectiveness, particularly in manufacturing finance.
- Manage administrative matters related to finance team members.
- Assign a deputy when required to ensure operational continuity.
