Assistant Finance Controller – Automotive – Alert International
Description
In this role, you will be responsible for supporting the financial management and operations of the company, working under the guidance of the Finance Controller.
- Accounts Closing & Financial Preparation
- Ensure accounting accuracy with adequate validation and checks.
- Preparation of statutory financials every quarter for all entities in BU.
- Ensure intercompany reconciliations are completed every month and balances confirmed with counter party.
- Ensure BRS is completed every month, and no open item remains beyond the last week of the month.
- Ensure year end statutory financials are prepared in compliance with applicable
- Accounting Standards, reviewed for accuracy and submitted to Statutory Auditors with all necessary supporting information and sign off within prescribed timelines.
- Ensure all queries & additional information requested by Statutory Auditors are submitted and closed within set timelines.
- Ensure provisions are analyzed and reviewed for adequacy on a monthly basis.
- Ensure adequate CAPEX control exists in the BU. Additions are processed in
- compliance with policy with necessary justification, comparative quotes etc. Assets are periodically verified, tagged and variances reported, adjustments made with appropriate approvals.
- Ensure financial systems/ modules (ERP, EPM, SAP, CDK etc.) are adequately configured with necessary control and validation checks.
- Receivables & Payables Control
- Receivables
- Ensure appropriate Receivables monitoring & collection process exists in BU.
- Adherence to Group Credit Control policy.
- Ensure necessary documentation is in place to facilitate recovery of dues in case of legal action.
- Exchange of monthly statements and quarterly balance confirmation with customers.
- Dues to be collected within approved credit period.
- Ensure adequate provision is created as per Group policy, also compared with ECL method as per IFRS 9 and maintain whichever is higher.
- Payables
- Ensure appropriate procure to pay process in place.
- Vendor credit terms are periodically reviewed.
- Vendor balances are reconciled monthly and balance confirmations obtained quarterly.
- Cash flow Management
- Ensure effective planning and execution to have positive cash flows month-over-month
- Ensure no idle cash remains in the Business by resorting to,
- repay loan if any and/ or
- invest in FD
- Major unexpected collections and payments to be immediately informed to GT for effective cash management.
- Overhead Control
- Extend complete support to GIA initiatives & verifications.
- Ensure all compliance /responses coordinated with respective stake holders and submitted within stipulated timelines.
- Escalate overdue High Risk open items on priority for resolution and co-ordinate for timely closure.
- All action items assigned to Business stakeholders are followed up and closed within the agreed timeline.
Job Details
| Posted Date: | 2025-01-19 |
| Job Location: | Kuwait – Al Kuwait |
| Job Role: | Finance and Investment |
| Company Industry: | Recruitment & Employee Placement Agency |
