Assistant Finance Controller – Financial Services

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  • Kuwait City
  • Permanent
  • Full-time
  • 1 month ago
DescriptionIn this role, you will be responsible in managing Divisional Financial Controls, Strategic Planning, Reporting & Analytics, Risk Management and Stakeholder relations, ensuring Financial integrity and alignment with organizational goals.Role & Responsibilities:
  • Ensure and assess timely preparation and review of monthly MIS, P/L, BS, KPI and other operational activities including Cash Management, CAPEX & Working Capital Management
  • Collaborate closely with finance and operations team for financial control, cash management and other relevant operational aspects on a daily basis.
  • Ensure timely and accurate financial reporting that is compliant with statutory regulations and is free of financial irregularities.
  • Review of Bank guarantees, payables, fixed assets, internal audit and compliance reports and ensure budget and overheads control with coordination with operations team.
  • Identify, Escalate and mitigate Financial Risks.
  • Contribute to all the modernization of finance processes, controls reporting team and organization.
  • Develop or recommend practical solutions to address financial challenges or issues.
  • Strive to improve revenue and profits of all departments by focusing on topline growth as well as scouting for various cost saving initiatives.
  • Prepare monthly budgets and financial statements within timelines.
  • Ensure that all Insurance claims and related liabilities are settled in a timely and effective manner.
  • Oversee Accounts payables and Accounts receivables by verifying all vendor payments and manage/follow-ups to ensure collections within due date.
  • Continuously review and recommend changes to policies and procedures to exercise effective financial controls.
  • Ensure compliance with the same by the Operating Management.
  • Collect and analyze, review financial statements for meaningful comparison (trend analysis, variance analysis, benchmarking, KPIs, etc.)
  • Expert working knowledge of IFRS 17
  • Hands on experience in submission of data/ information/ reports to Central Bank
  • Familiar with compliances of Industry related regulatory bodies (ie., IRU & CBK)
  • Closely work with the team to resolve any discrepancies.
  • Review financial implications and payouts of incentive schemes and provide feedback on their feasibility and effectiveness.
  • Maintain audit trails and implement audit report recommendations issued by internal and external auditors.
  • Liaise with external auditors to ensure that financial results are reported on time.
  • Perform routine activities in accordance with agreed deadlines, standards and discharge any other task assigned by superiors in a timely and effective manner.
  • Strong interpersonal skills with the ability to foster teamwork while handling sensitive and confidential information with discretion.
People Management
  • Manage and handle grievances raised by subordinates in a prompt and effective manner and escalate as required.
  • Monitor performance of finance personnel on financial and non-financial parameters such as cost savings achieved, internal customer responsiveness, teamwork, and technical acumen

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