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Financial Controller(Iraq)

FATTAL GROUP

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4-6 Years
2 months ago
43 Viewed
0 Applied

Job Description

We are currently looking for a well-rounded Financial Controller to join our team in Iraq.

The ideal candidate is capable to manage and master the below responsibilities:

  • Plan, organize and supervise the annual budget exercise for different SBUs in coordination with concerned parties and ensure that deadlines are met in close coordination with Senior Management
  • Conduct financial and working capital analysis after flagging any material variation with the concerned party; consequently, set meetings with Business Units and share the results with concerned parties
  • Develop and implement, in coordination with the IT Department, new tools and systems to track, control and report budgets and expenditures
  • Monitor regularly financial and business transactions to identify risks and communicate them to the concerned managers and senior management
  • Assess the Accounts Receivables risks through regular impairment tests and inform accordingly the commercial team in order to take action and follow up on implementation
  • Support the commercial team in managing relationships with suppliers by providing them with the latest accurate data and needed financial analyses to facilitate decisions and business workflow
  • Assist the concerned in conducting ongoing financial projections, related studies and simulations for any given project or new brand acquisition requested by the concerned management in coordination with the Finance Department
  • Prepare and issue Debit Notes and Credit Notes, allocate them to the appropriate accounts by ensuring that they are booked on time and their supporting documents are available and in compliance with internal procedures and legal requirements; send them accordingly to the Finance /Accounts Receivables Departments for validation, processing and follow-up on payments accordingly
  • Follow-up with the concerned parties on closing any debit balance in A&P budget and ensure that all expenses are reflected accurately, on time, in compliance with the preset budget sent from suppliers and coordinate accordingly with the IT department about any change in the allocated percentage of each A&P generation by brand and/or item
  • Control sales and gross margins versus the set and agreed price structure by brand and follow-up with the concerned on any discrepancies
  • Prepare and control all kinds of trade and non-trade suppliers payments such as payment vouchers and invoices related to every Business Unit and ensure that their supporting documents are in compliance with internal procedures and legal requirements
  • Control all recoverable issues accounts and ensure their closing in a timely manner through supplier compensation or filing insurance claims
  • Control irrecoverable issues accounts to ensure the clarity of the process and minimize discrepancies, in coordination with the Inventory Control Department
  • Issue weekly reports and communicate them with the commercial team including sales vs target margins, etc.
  • Perform regular studies based on the request of senior management including valuations analysis for potential brand acquisition, pricing sensitivity analysis, regional status reports (SWOT, AR, Inventory) and communicate them with the concerned

Qualifications

  • Minimum of 4 years experience in similar position
  • Bachelor's degree in Accounting & Finance, Masters is a plus
  • Excellent command of English and Arabic, French is a plus
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Last Updated: 29-05-2024 07:54:02 AM
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