Assistant Finance Manager

7 months ago


Manama, Bahrain Ola Consultancy W.L.L. Full time

**Management Activities**
- Assist the DIRECTOR in developing and maintaining accounting policies and procedures
- Mentoring and controlling the accounting staff keeping the organizational objectives in mind with the help of Senior Accountant.
- Preparing quarterly balance sheet, profit and loss and other financial statements.
- Communicating and enforcing the authority matrix for the accounting staff
- Taking up the role of a single point of contact with different departments & the group companies for inter departmental collaboration on specific activities

**Operational Activities**
- Keeping a track of cash flow position, related borrowing needs and availability of funds for investments & forecasting
- Keeping a track of working capital and highlight any kind of variance to the DIRECTOR
- Ensure that the company (s) maintains good working relationships with the banks and its top customers with respect to financial transactions
- Manage the preparation of company (s) budgets and financial forecasts on a periodic basis (annually)
- Reconcile inter-company transactions & dividends with the partner group entities

**Analytical and Reporting Activities**
- Assist the DIRECTOR in identifying means of cost reduction and improving the efficiency of day to day operations

Analyse the financial results of the company(s) every quarter and identify / highlight any bottlenecks which is impacting the financial performance of the company
- Oversee the generation of MIS reports including the Monthly Cash flow report, monthly P&L report, monthly revenue and customer-wise revenue report as well as monthly collection report for all the group
- Oversee the generation of MIS reports with respect to suppliers and production jobs including the Monthly supplier profitability report and Job profitability report for all the group
- Assist the DIRECTOR in matching the accounts payables with accounts receivables and create a seamless payment schedule for debtors as well as an effective collection schedule for all the creditors
- Assist the DIRECTOR for reporting the annual budgets, forecasts and financial plan to the management
- Analyse the financial performance of the competitors and provide inputs to the DIRECTOR and management for taking strategic decisions
- Keep a track of financial performance / pricing strategy of competitors and provide inputs to DIRECTOR and management for pricing decisions
- Analyse the stock taking reports of different stores and highlight the discrepancies, if any to the DIRECTOR as well as keep records of the same

**Compliance Activities**
- Personally, manage the co-ordination with external auditors for auditing related activities
- Report any deviations from the financial benchmarks pre-defined by the management with respect to liquidity, debts or accounts payables / receivables.
- Ensuring compliance with VAT law and delivering VAT reporting on a timely basis.**Management Activities**
- Assist the DIRECTOR in developing and maintaining accounting policies and procedures
- Mentoring and controlling the accounting staff keeping the organizational objectives in mind with the help of Senior Accountant.
- Preparing quarterly balance sheet, profit and loss and other financial statements.
- Communicating and enforcing the authority matrix for the accounting staff
- Taking up the role of a single point of contact with different departments & the group companies for inter departmental collaboration on specific activities

**Operational Activities**
- Keeping a track of cash flow position, related borrowing needs and availability of funds for investments & forecasting
- Keeping a track of working capital and highlight any kind of variance to the DIRECTOR
- Ensure that the company (s) maintains good working relationships with the banks and its top customers with respect to financial transactions
- Manage the preparation of company (s) budgets and financial forecasts on a periodic basis (annually)
- Reconcile inter-company transactions & dividends with the partner group entities

**Analytical and Reporting Activities**
- Assist the DIRECTOR in identifying means of cost reduction and improving the efficiency of day to day operations

Analyse the financial results of the company(s) every quarter and identify / highlight any bottlenecks which is impacting the financial performance of the company
- Oversee the generation of MIS reports including the Monthly Cash flow report, monthly P&L report, monthly revenue and customer-wise revenue report as well as monthly collection report for all the group
- Oversee the generation of MIS reports with respect to suppliers and production jobs including the Monthly supplier profitability report and Job profitability report for all the group
- Assist the DIRECTOR in matching the accounts payables with accounts receivables and create a seamless payment schedule for debtors as well as an effective collection schedule for all the creditors
- Assist the DIRECTOR for reporting the



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