Industry: Manufacturing
Total Positions: 1
Job Type: Full Time/Permanent
Gender: No Preference
Salary: 2600USD - 3900USD (Monthly)
Education: Bachelor′s Degree
Experience: 12-20 Years
Location: Muscat, Oman
Skills: Financial Strategy, Reporting, Budgeting and forecasting, Team Leadership, Cashflow Management
Posted Date: 13-11-2024
Description:
Divisional Finance Manager ensures that transactions are recorded accurately particularly receipts, payments and ledger transactions to facilitate accurate and timely reporting to the management ensuring compliance with the organization’s policies and procedure Part of operational team ensuring compliance of financial policies and procedures.
Key Responsibilities:
• Ensure timely updating of all transactions in the ERP system to facilitate generation of reports, budgeting and Business Performance Review.
• Ensure prompt reporting of exceptions/deviations to facilitate timely corrective actions.
• Vetting of Request to Orders for Overseas Procurement with reference to appropriate parameters and to F&P HO as per company policy
• Ensuring claims are lodged with Principals and follow up of the claims on damages/ shortages.
• Assets management – Ensure additions and disposals of fixed assets and deprecation charge are properly accounted
• Banking – Verify that collections are promptly accounted and deposited.
• Receivables – Generate necessary reports for follow-up of collections with Sales department in respect of unapproved sales and coordinate with HO for approved sales.
• Payables – Ensure Suppliers’ bills are properly verified and accounted.
• Sales - Ensure all dispatches are invoiced and all error logs/reports are cleared promptly
• Payments - Ensure supplier and other payments are made on due dates.
• Reconciliations - Ensure timely preparation of monthly reconciliations for Bank accounts, Suppliers, Customers and other GL accounts.
• Vetting/Authorization of all documents including LPOs, Stock Adjustments, IPOs MTBA’s, Petty cash, Overtime Claims, etc.
• Approving of Daily Document Movement Slips for accounting of Sales
• Assist in trouble-shooting and resolving ERP integration issues along with key users/counterparts in other departments.
• Ensure team members are properly trained to perform their duties and jobs effectively and efficiently
• Monitors operation of company policies, processes and procedures for compliance. Reports non conformance and issues to be addressed.
• Monitors operation of company’s Financial, IT and Accounting internal control systems and processes. Reports nonconformance and issues to be addressed.
• Coordinate with external auditors for ISO Audit
• Coordinate with internal audit.
Qualifications:
• Graduates or Post Graduates in Accounts and Finance with Higher Professional Qualifications Like CA, ACCA, CMA Etc. Preferred
• Experience of atleast 12 years. The candidate should have had experience in working with Plastic industry for 2-3 years at least out of which quality time should have been as a Divisional Finance Manager or Finance Business partner for Plastic Manufacturing business or alternatively associated with a Plastic Manufacturing business with clear understanding of the Manufacturing management model along with strong controls background
• Excellent written and oral communication skills.
• Demonstrated experience in financial/cost accounting.
• Advanced user of MS office especially MS Excel and power point
• Proficiency in operating SAP systems
• Exposure to manufacturing companies; Product and process costing.
• Excellent analytical skills and problem-solving skills
• Excellent team player and motivator
• Experience in training and handling staff.