Chief Financial Strategist

12 hours ago

Manama, Manama, Bahrain Propel Consult Full time
Job Overview

Propel Consult is seeking a highly skilled Senior Accountant to join our team. As a key member of our financial department, you will play a crucial role in ensuring the accuracy and integrity of our financial records.

Key Responsibilities:
  • Prepare and submit financial reports to management, including weekly sales and margin reports.
  • Ensure compliance with internal controls, accounting standards, and policies.
  • Assist with internal and external audits.
  • Conduct financial analysis and identify opportunities for improvement.
  • Implement best practices across the group and provide guidance to the team.


Financial Reporting

Analyze financial data, such as revenue, gross margin, and cost structures, to prepare reports that meet management requirements. This includes:
  • Weekly reporting of sales and margin for the preparation of weekly SSD reports to the ALT Committee.
  • Preparation and submission of divisional MIS (brand/channel-wise) to the finance controller for review and submission to management.
  • Ensuring financial data accuracy and integrity by maintaining strong internal controls and adherence to accounting standards.


Financial Analysis

Reconcile sales, COGS, and gross margin, and maintain the accuracy of financial data. Additionally, analyze financial data and provide insights and recommendations as required by management. This includes:
  • Reviewing and analyzing inventory and debtors OOT.
  • Calculating finance charges to be reported in the MIS as per company policy.


Budgeting and Forecasting

Coordinate with division HODs to establish budget objectives and obtain data for revenue and margin forecasting for each line of business. Identify cost drivers and allocate operational expenses as per the business plan of operation and support division HODs. This includes:
  • Preparation and submission of monthly/quarterly forecasts to management as required for feedback and improvement of the business.


Auditing (Internal/External)

Communicate with the team and relevant stakeholders to achieve the timeline agreed with the internal control department. Coordinate internal and external audits and support auditors with required information. This includes:
  • Supporting decision-making by working closely with division HODs to provide financial insights that drive business strategy and operational improvements.
  • Periodical analysis and reporting at divisional performance level to facilitate decision-making.


Payables (Priority)

Obtain priority lists of payables from relevant stakeholders of the division and share with HO-finance for review and processing of payments. Follow up on payments with HO-finance as required. This includes:
  • Reviewing and maintaining price support and advertisement subsidy details from principals.
  • Keeping track of SPGM details.
  • Calculating dealer incentives and sales promotions as per agreements with dealers.
  • Maintaining update master data.
  • Reviewing and approving credit notes issued to dealers and ensuring compliance with agreements and MIS provisions.
  • Reviewing incentive schemes and ensuring they are in the best interest of the stakeholders of the company.
  • Calculating and submitting incentive calculations for divisions.


Job Qualifications

Bachelor's degree in accounting, finance, or related fields. Professional certifications such as CPA, ACCA, or equivalent are preferred but not mandatory. A minimum of 5-7 years of experience in accounting and financial management. Proven experience in preparing and reviewing financial statements, reports, and analysis. Experience in budgeting, forecasting, and variance analysis. Strong background in coordinating and supporting internal and external audits. Experience in cash flow management and financial analysis. Proficient in the use of accounting software and advanced proficiency in Microsoft Excel for financial modeling and reporting. Exposure to managing accounts payable, accounts receivable, and reconciliations. Knowledge of local regulatory requirements and compliance standards.

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