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Finance Manager

Baghdad, Iraq

Job ID: 340923000028349173  |  Industry: FMCG/Foods/Beverage  |  Posted Date: 04-07-2020


Our client in the FMCG industry is looking to hire Finance Manager in Baghdad- Iraq, Iraqi national with experience of at least 5 years in Finance in the FMCG industry. This position is responsible for handling of routine day to day functions of  accounting, finance, tax, and auditing etc. in the organization.  Analyses of business performance, behavior, contribution in formulation of business strategies and planning for identification of opportunities to drive sustainable growth.


·         Preparing Monthly Financial Statements for management and evaluating it against budgets, rolling forecast and previous year comparatives to understand the variances and it’s reasoning.

·         Preparing monthly Financials by each principal to understand the performance of each under CFO guidance.

·         Ensuring the Reconciliation for the Balance Sheet Items at month end to keep the books and records accurate and complete for accurate financials.

·         Reviewing Bank Reconciliation statements and Bank Borrowing’s Covenants on monthly basis to ensure correct and matched balances and compliance of covenants of borrowings.

·         Ensuring daily cash reconciliation for cash books with GL balance and physical cash.

·         Handling daily cash & bank movement for deposits, internal and foreign transfer considering payment plan.

·         Handling forex deals for currency exchange and receipts from customers to be as per market rate.

·         Supervising the accounting activities and approving key general transaction of accounting, ensuring proper booking, regular posting in software, complete with adequate back up and supporting documents.

·         Supervising fixed assets schedule additions, depreciations and reconciling it with GL.

·         Conducting profitability analysis monthly based on product category, branches, customer categories & suppliers.

·         Coordinating with sale team for sales finance activities like promotion budgets, periodical rebates, compensations and expiries.

·         Supervising commercial finance and coordinating with sales for promotion claims from principal.

·         Controlling account payables balances and coordinating with principal and suppliers for timely payments where prioritizing payments subject to discount.

·         Approving expenses if authorized by management under delegation of approvals

·         Frequently visiting the branches for audit and developing staff of finance and relationship with other branch staff.  

·         Working with IT and other department for ERP optimization under guidance of CFO.

·         Training local finance and accounts staff and improving their skills across all branches.

·         Serving as bridge between team and CFO for better, smooth and affective F&A department.

 

Requirement

  • Experience in Finance for at least 5 years
  • Must be currently in Iraq
  • Must have recent FMCG industry experience


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