•Business Intelligence
-Actively learn about company products & their uses, features V/s that of competitors to provide value added finance management & support to operations
-Monitor industry & key players for new trends & practices including projects on horizon, LOIs, & sales funnel
•Local, Export Sales & Private Labels
-Review Customer sales with the budget & highlight variances
-Review sales with the budget & tracking through the Daily Sales Report
•Contribution/Margins
-Proactively monitor contribution/margins during negotiations & also after period end
-Monitor, analyze & understand contribution/margins actual v/s targets & highlight deviations to management
•Credit Management
-Develop information/intelligence sources from the market to ensure that financial viability of the customers & debts owed by them to Co by visiting customers & maintaining relationships
-Review new credit limit applications & approve them after determining customer credit worthiness
•Review Customer receivables
-sales & credit team on weekly/daily basis
- Follow due collections & highlight overdue amounts to ensure collections targets are achieved
-Follow agreed action plans with colleagues on collections & credit limits & the utilization by customers to ensure that co is not exposed to undue risks
-Monitor Sales orders to ensure credit risks are covered & within limits
-Review commercial proposals & contracts to identify possible risks to business
•Review proposed Purchase orders
-Ensure target/budgeted margins are achieved
-Qty to be ordered will not results in higher inventory
-Payments terms are as per norms & Co shall be able to pay the supplier on time
-Other terms are suitable & do not entail undue risks to the co
-Review Warehouse & logistics capacities & compare them with actual utilization
•Review Inventory
-On weekly/daily basis & Monitor inventory consumption to identify those inventories where consumption is slowing & may result in dead/slow moving stock
-Identify & highlight trends & dead/slow moving inventory to management adequate provision exists for slow moving stock
-Monitor implementation action plan agreed with management on disposal of slow/obsolete inventory
•Cash Flow & Capital Expenditure
-Manage & Forecast Cash Flow to ensure all obligations are discharged on time
-Evaluate Capital expenditure proposals to establish Cost Benefit Analysis, Profit & Loss, Pay back analysis
-Evaluate capacities created against required as well as cash flows
•Reports & Controls
-Ensure timely production of accurate & complete management reports & summarized findings & the implications of findings
-Conduct monthly business review & identify areas requiring management attention
-Monitor actual results against targets
-review operations to ensure identification & mitigation of all risks identified
-Forecast Profit & Loss at the beginning of the month
-Implement cost control mechanisms to ensure overall cost effectiveness of the organization
-Monitor cost drivers, costs incurred against budgets & forecast revenue to highlight to management & control where costs are not in line within limits set as %age to budgeted revenue
-Highlight failures of internal control or inadequately controlled risks within the operating companies that threaten the achievement of the agreed plans or may cause damage to assets, relationships & reputation of the Company
-Ensure control on company assets & its optimum utilization
-Provide fiscal discipline in inventory, vendor management, cash management, debtors control, payroll & expenses
-Provide clarity & ensure compliance with required financial policies & statutory standards
•Annual business Plans
-Be part of the senior team to support the GM in generation of the full five year strategic plan
-Monitor implementation of Strategic & Annual Plan & advice & caution management, timely, on possible deviations from plans & on risks to plans fulfillment
Job Details
| Date Posted: | 2014-06-04 |
| Job Location: | Sharjah, United Arab Emirates |
| Job Role: | Accounting/Banking/Finance |
| Company Industry: | Construction; Engineering; Construction/Civil Engineering |
Preferred Candidate
| Career Level: | Management |
| Gender: | Male |
| Degree: | Bachelor's degree / higher diploma |
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Date Posted: June 04, 2014 at 10:25AM
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Finance and Administration Manager - Construction/Building Materials - Chartered Accountant only - SC Providge
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