Chief Financial Operations Manager
5 days ago
As a Chief Financial Operations Manager at Kafaat Business Solutions, you will be responsible for overseeing the day-to-day finance and accounts operations of four companies in line with Group Accounting Policies and procedures.
The role involves timely preparation and review of monthly standalone & consolidated financial statements and management reports. You will also handle month-end closing activities and reports, ensuring all transactions are recorded according to accounting policies and procedures.
Key Responsibilities:
- Prepare and review period-end journal entries in Oracle GL.
- Review reconciliations and GL schedules as per the closing calendar.
- Create fixed assets/depreciation in Oracle.
- Prepare/review financial statements and management reports as per the monthly closing calendar.
- Prepare monthly cash flow statements with forecasts.
You will also be responsible for:
- Preparing and reviewing supplier invoices/payments and payroll.
- Reviewing supplier/related party invoice accounting and its payments as and when due.
- Checking payroll and WPS to facilitate the release of salary one day before the scheduled day each month.
Furthermore:
- Preparation of related party invoices for shared service cost recharges.
- Reconciliation of balances with related parties and follow-up on AR with associated parties.
Additionally:
- Reviewing VAT return report on a quarterly basis for companies due in that month and making VAT payment before the due date.
You will also record all investment-related transactions in Oracle, including reviewing and recording all transactions made by the investment department (Buy/Sell/Contribution/Distribution/Dividends etc.). Reconcile custody/broker account balances with investment books.
Qualifications:
- Bachelor's degree in Finance/Accounting or equivalent professional finance qualification such as ACA, ACCA, CIMA or equivalent.
- Minimum 5 years of experience.
- Strong knowledge of Oracle ERP systems.
This role requires:
- Proficiency in Microsoft Office Applications specifically MS Word & MS Excel.
- Proven ability with complex spreadsheet design and formatting.
- Knowledge of fund accounting or investment accounting packages is an asset.
- Fluency in ERP systems like Oracle.
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