Summary: Looking for an Accounts and Finance Manager
Location: Bahrain
Industry: Retail and Distribution
Experience: 15+ years
*** About The Employer ***
The employer is a leading company in Bahrain. They are currently seeking an experienced Accounts and Finance Manager to join their dynamic team. If you are passionate about accounting and audit and have a proven track record, they want to hear from you!
*** Position Overview ***
The employer is seeking a highly skilled and motivated Accounts and Finance Manager to join their team.
This is a full-time on-site role for an Accounts and Finance Manager, located in Manama, Bahrain.
The ideal candidate will be responsible for overseeing all financial operations, ensuring compliance with regulations, and providing strategic financial guidance to support business objectives. They will also be responsible for evaluating the financial and operational systems of the organization, conducting audits, preparing detailed audit reports, and ensuring compliance with internal policies as well as relevant regulations. The role involves analyzing financial data, identifying risk areas, and providing recommendations for improving processes and internal controls.
*** Key Responsibilities ***
Manage and oversee the daily operations of the accounting department, including (but not limited to):
> Month-end and year-end processes
> Accounts payable and receivable
> Cash receipts and general ledger management
> Payroll processing and treasury functions
> Budgeting and cash forecasting
> Revenue and expenditure variance analysis
> Capital assets reconciliations
> Debt activity and credit control
> Prepare and analyze financial statements, reports, and forecasts to support decision-making.
> Monitor and analyze accounting data to produce financial reports and statements.
> Develop and implement financial policies and procedures to enhance operational efficiency.
> Ensure compliance with local and international financial regulations and standards.
> Coordinate and lead the annual budgeting process, including variance analysis and reporting to management on variances from the established budget, along with reasons for those variances.
> Monitor cash flow and manage working capital to optimize financial performance.
> Liaise with external auditors and tax advisors to ensure accurate reporting and compliance.
> Provide leadership and mentorship to the finance team, fostering a culture of continuous improvement.
> Improve systems and procedures, initiating corrective actions as necessary.
> Assign projects and direct staff to ensure compliance and accuracy in financial reporting.
> Meet financial accounting objectives and maintain fiscal files and records to document transactions.
> Conduct stock and inventory audits.
> Assist management in formulating the overall strategic direction of the company.
> Forecast cash flow positions, related borrowing needs, and available funds for investment.
> Maintain banking relationships and interpret the company's financial results to management, recommending improvement activities.
> Compile key business metrics and report on them to management.
> Create additional analyses and reports as requested by management.
*** Qualifications and Requirements ***
- Must be a qualified chartered accountant.
- Minimum of 15 years of experience in finance and accounting, with at least 10 years in a managerial role.
- Strong knowledge of financial regulations and accounting principles.
- Proficient in financial software and Microsoft Office Suite; experience with ERP systems is a plus.
- Excellent analytical, problem-solving, and decision-making skills.
- Strong communication and interpersonal skills, with the ability to work collaboratively across departments.
- Attention to detail and accuracy in financial reporting, and ability to maintain confidentiality.
- Ability to work independently and manage time efficiently
- Ability to work collaboratively with and manage a team and adapt to a fast-paced work environment
- Professional fluency in English.
- Effective Communication skills, both written and verbal, for preparing reports and collaborating with teams
*** How to Apply ***
Interested candidates are invited to submit their CV and a cover letter detailing their qualifications and experience to recruiting@xystem.org with the subject line "Accounts and Finance Manager Application."