Accounts Manager – Finance

Job Description

Accounts Manager – Finance – Kuwait

Role Profile:

Lead a team to plan, implement, coordinate and manage the various Financial functions for the assigned remit

The below Key Performance Areas include but are not limited to:

Review process and suggest / implement changes.

– Ensure company operates in accordance to all local country law requirements and with international accounting standards.
– Ensure compliance with financial regulations and requirements of applicable country commercial, customs and tax laws, and with international accounting standards. Monitor the Company’s accounting policies and procedures, and manage accounting processes and controls.
– Identify key financial components of assigned brand contracts. Monitor and advise brand management on fees, payment schedules and reporting requirements, to optimize franchise relationship. Assess impact of changes/application of legal/financial framework on accounting processes.
– Decide fitness for purpose of policies and procedures, and recommends changes/process re-design

Ensure transparent communication to/from business divisions and deliver financial objectives.

– Co-ordinate all financial activities within assigned country/countries and brand accounts.
– Develop channels for information flows, ensure understanding of contractual and statutory requirements, constraints and regulations, and build appropriate relationships within and outside the Business.
– Propose solutions/practical changes in operation of financial systems.
– Identify key relationships and best strategies to nurture/maintain them to the advantage of the Business.

Review and report on business critical information and make/recommend corrective action to internal partners.

– Alert Operational, Brand and Finance Management to under- or over-performance.
– Develop options for corrective action. Work with involved management to revise overall brand account servicing strategies, and/or to implement tactical financial solutions to maximise profitability. Decide range of financial corrective actions required.
– Reach agreement with involved managers on overall strategy / immediate actions to return profitability/brand account to acceptable/planned performance.

Review, evaluate, and implement changes to policies and procedures and processes to benefit the Business.

– Develop and analyse business costing structure (variance, actual versus standard / brand or store trends / expenditure patterns / stock take results, etc.), and continuously monitors these against the approved Business Plan. Decide whether corrective action is required and should be reported on with specific recommendations.