Finance Manager / Accounting Manager (South Area Deir Al Zahrani)


General Information


Company:
Confidential 1
Job Type:
Accounting/ Finance
Location:
Lebanon
Date Posted:
Feb 26, 2024
Salary:
Unspecified
Employee Type:
Full-Time Employee
Gender:
Both

Description


As a finance manager for a contracting and manufacturing company, your duties and
responsibilities typically include:
1. Financial Planning and Analysis:
o Developing financial forecasts, budgets, and strategic plans.
o Analyzing financial performance and providing insights to support decision
making.
o Conducting variance analysis to understand deviations from budgets and
forecasts.
o Identifying key performance indicators (KPIs) and monitoring them regularly.
2. Financial Reporting:
o Preparing accurate and timely financial statements, including income statements,
balance sheets, and cash flow statements.
o Ensuring compliance with regulatory requirements and accounting standards (e.g.,
GAAP, IFRS).
o Presenting financial reports to senior management and stakeholders.
o Providing explanations for financial results and trends.
3. Cost Management:
o Analyzing costs associated with contracting projects and manufacturing
processes.
o Identifying cost-saving opportunities and implementing cost control measures.
o Monitoring and managing overhead costs, direct costs, and indirect costs.
o Conducting product cost analysis to support pricing decisions.
4. Cash Flow Management:
o Managing cash flow to ensure liquidity for day-to-day operations.
o Forecasting cash flow requirements and optimizing cash management strategies.
o Monitoring accounts receivable and accounts payable processes.
o Evaluating financing options and managing relationships with banks and lenders.
5. Risk Management:
o Identifying financial risks and developing strategies to mitigate them.
o Assessing credit risk associated with customers and suppliers.
o Implementing internal controls to safeguard company assets and prevent fraud.
o Ensuring compliance with tax regulations and minimizing tax liabilities.
6. Capital Budgeting and Investment Analysis:
o Evaluating investment opportunities, including capital expenditures and
expansion projects.
o Conducting financial analysis, such as net present value (NPV) and internal rate
of return (IRR) calculations.
o Making recommendations on whether to proceed with investment projects.
o Monitoring the performance of existing investments and conducting post
investment reviews.
7. Stakeholder Management:
o Collaborating with other departments, such as operations, sales, and procurement.
o Communicating financial information and insights to non-financial stakeholders.
o Building relationships with investors, lenders, auditors, and regulatory authorities.
o Providing support during audits and ensuring compliance with audit requirements.
8. Continuous Improvement:
o Identifying opportunities to streamline financial processes and improve
efficiency.
o Staying updated on industry trends, regulations, and best practices.
o Participating in professional development activities to enhance skills and
knowledge.
o Implementing technological solutions to enhance financial reporting and analysis.
9. Auditing:
o Identifying opportunities to streamline financial processes and improve
efficiency.
o Staying updated on industry trends, regulations, and best practices.
o Participating in professional development activities to enhance skills and
knowledge.
o Implementing technological solutions to enhance financial reporting and analysis.
10. Internal Audits:
o Developing and implementing an internal audit plan to evaluate the effectiveness
of internal controls, financial processes, and compliance with company policies
and procedures.
o Conducting periodic audits of financial transactions, including revenue
recognition, expense management, and inventory control.
o Identifying areas of risk or weakness and making recommendations for
improvement.
o Ensuring that internal audit findings are communicated to management and
appropriate corrective actions are taken.
11. External Audits:
o Coordinating with external auditors to facilitate the annual audit process.
o Providing auditors with access to financial records, supporting documentation,
and relevant personnel.
o Responding to auditor inquiries and addressing any issues or discrepancies
identified during the audit.
o Reviewing draft financial statements and audit reports prepared by external
auditors for accuracy and completeness.
12. Compliance Audits:
o Ensuring compliance with regulatory requirements, industry standards, and
accounting principles (e.g., GAAP, IFRS).
o Monitoring changes in regulations and standards and updating internal controls
and processes accordingly.
o Conducting audits to assess compliance with tax laws, environmental regulations,
contractual agreements, and other applicable requirements.
o Liaising with legal counsel and regulatory authorities as needed to address
compliance issues.
13. Fraud Detection and Prevention:
o Implementing measures to detect and prevent fraud, including i

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