Finance Manager - Sharjah, United Arab Emirates - STYRO Insulation Mat. Ind. LLC

STYRO Insulation Mat. Ind. LLC

Verified Company

Sharjah, United Arab Emirates

4 days ago

Posted by:

Ahmed Al-Mansouri

beBee Recruiter

Description

Responsibilities:

Manage the operations of the finance department, set goals and objectives, and design a framework for these to be met.
Manage the Finance team members and give them necessary guidance and advice.
Manage the preparation of the company's budget and total control of petty cash.
Establish and maintain financial policies and procedures for the company.
Maintain the financial health of the company.
Monitor the daytoday financial operations withing the company such as cashflow, payroll, invoicing bank reconciliation and other transactions and reduce cost and expenses to 20% of the current on running in STYRO.
Oversee and direct accounting, audit, treasury and cost related activities of the organization.
Prepare financial report, annual budgets and setting targets for various departments for their performance evaluations.
Work closely with the respective department on cost reduction initiatives.
Conduct review and evaluation for cost reductions opportunities in all department
Provide financial reports and interpret financial information to the management while recommending further courses of action
Advise on investment activities and provide strategies that the company should pursue.
Analyse costs, pricing, variable contribution, sales results, and the company's actual performance compared to business plans.
Develop trends and projections for the Company's finances and budgets.
Monitor the project's daily and monthly accounting and timely invoices of the projects and reviewing the projects monthly report.
Check major projects cost variance and get the justification from the project team and provide early warning of cost of overruns
Perform project cost forecast/budgets, cost tracking, monitor and control give early warning of costs overruns.
Responsible for timely closing and preparation of financial reports
Perform inventory, account, and GL reconciliations
Review and validate entries, fixed assets register, processing of payroll and WPS.
Coordinate with banks for facility, LC negotiations and discounting and bank guarantees and repayments.
Oversee month and physical yearend inventory and reconcile in addition to gathering balance confirmations form clients, inter companies and banks.
Physical year closing activities, gathering balance confirmations, make sure passing all entries, inventory reconciliation, depreciation and preparing consolidated financial statements for the company and cost centers.
Close the financial year with the auditors and submit report to the management about how to reduce cost and how to improve the financial planning.
Liaise with auditors to ensure appropriated monitories of company finances is maintained.
Correspond with various other departments discussing company plans and agreeing on future paths to be taken.
Internal audit for all departments especially purchases and stores.
Control the process of raw material purchase from LC processing to monitoring and follow up with supplies up to the customs clearance.
Negotiating and maintaining relationships with key business partners.
Implement and develop cost centers with the company to track department performance.