Chief Financial Officer ( CFO )

Recruiter
Confidential
Location
Kuwait
Salary
Competitive
Posted
21 Oct 2018
Closes
17 Dec 2018
Job role
CFO
Sector
Accounting - Public practice
  • Initiates and leads the process of developing the Company's short, medium and long term business plans

  • Explores investment opportunities for the Company

  • Identifies prospective mergers and acquisition opportunities and facilitates the process of due diligence for such initiatives and submits concrete proposals to the Company

  • Advise the company on the financial implications and long term prospects of proposed joint ventures, alliances and partnerships

  • Setting up and maintaining a system of internal controls for revenues, costs and expenses as per Company's business plans

  • Monitor the activities of Internal Auditors, Consultants and other agencies appointed by the company

  • Responsible for the maintenance of all accounting books and records of the operation in accordance with the uniform system of accounts and local legal requirements

  • Provides timely financial reports on monthly operational results as well as all the reports and statistics required by the company

  • Is responsible for the interpretation of the financial statement pointing out meaningful variations in the operational figures and proposing corrective measures were needed

  • Assists the CEO in the preparation of the annual budget which also includes capex budget

  • Sees to it that proper permits and licenses are obtained for the operation, specially for imports of goods and currency transfers

  • Controls all leases and contracts and any other legal records and documents, which may affect the financial status of the operation

  • Ensures that all operational taxes are correctly and timely handled and timely handled and paid

  • Ensures the monthly physical count and valuation of inventories for consumable items and the regular inventory taking of operation equipment and assets

  • Administers the insurance policies covering the operation of the hotel

  • Is accountable and responsible for all banking transactions which includes arrangements for overdrafts when required, time deposits opening and closing of accounts, etc

  • Is responsible for keeping the adequacy of the bank balances by preparing cash flow forecast to optimize the use of available liquidity

  • Follows up on internal audit recommendations and ensure they are consistently followed

  • Review supplier's conditions and payments conditions on a regular basis