Job Position: Manager – Finance – FMCG Distribution & Trading Firm (10-12 yrs)
Job Description: Muscat – Position: Finance Manager – Well Known FMCG Distribution & Trading Firm – Oman Department: Finance Reporting to: General Manager Location : Oman Responsible for ensuring internal controls & financial discipline and overall profitability of the group through margin realization, driving cost control measures and optimum working capital utilization – Establish internal controls/checks through defined policies and procedures – Updated Finance Manual – Ensure accounting records in SAP are maintained as per IFRS – Full compliance to IFRS ( International Finance and Reporting Standards) – Facilitate the completion of audit and ensure compliance as per audit requirements and accounting standards – Satisfactory Audit Report – Responsible for internal and external risk management in coordination with the business units – Receivable write off and stock write off below budgeted norms (0.2 %for Non Food and 0.4 % for Food products) – Ensure strict discipline in timely closure of accounts at month/year end – Closure of monthly accounts by 3rd working day of the subsequent month – Be a custodian of all financial policies and review them periodically in line with business requirements – Updated Finance Manual – Handle and resolve SAP- FM related queries – SAP Reports – Ensure that the company’s assets are reflected in the financial records at their true and fair value and to make necessary provisions for the same – In line with Provisioning Policy as per Finance Manual – Monitor and ensure that the operations are in line with contractual obligations with business partners on Pricing, recoveries, payments and other commercial terms. – Principal MOU’s & Customer BDAs – Responsible for driving the profitability of the group by monitoring that the Principal margins are realized as per the agreed terms and conditions – MOU/Agency Margin report – Quarterly review of agency profitability for the group and recommend action plans in coordina…see more details
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