Finance Manager
2 weeks ago
**Alliance Group** is a leading Building Material Trading company in the Middle East, India, Iraq & China that is known for delivering high quality products to its customers. Alliance has been at the forefront of shaping the future in the industry for over a decade now.
Our team of professionals is committed to providing exceptional service to our clients, and we are currently seeking a highly motivated **Finance Manager** to join our new team in **IRAQ** Branch who will report to the Head of Finance at the Head Quarters located at **Abu Dhabi, UAE.**
**Key Responsibilities**:
**Financial Strategy**:
1. Develop and implement financial strategies aligned with the company's objectives to drive growth and profitability.
- Analyze financial statements, reports, operating metrics and data to identify trends, variances, opportunities and areas for improvement.
- Provide insights and recommendations based on financial analysis to support strategic decision-making.
- Identify cost-saving opportunities and efficiency improvements within the organization.
- Collaborate with department heads to optimize resource allocation.
- Provide relevant informational support for corporate finance and investor requests Evaluate financial risks and recommend strategies to mitigate them.
- Ensure compliance with relevant financial regulations and reporting requirements.
**Compliance and Regulatory Adherence**:
Ensure full compliance with Tax Laws as mandated by the Federal Iraq Authorities, Anti-Money Laundering (AML) Laws and maintain necessary books of accounts as per tax laws of Iraq.
Remain vigilant in reporting and maintaining high standards of integrity and transparency.
**Accounting KRA**:
Oversee the daily **Sales and Purchase**activities and ensure the procedures are going on as per SOPs in line and with the current regulations.
Administer the **post-dated cheque reconciliation process**, maintaining rigorous financial discipline.
Demonstrate an in-depth understanding **Tax laws, and regulatory compliance**, maintaining books in strict adherence to these standards.
Guarantee that all financial transactions and records comply with **IFRS (International Financial Reporting Standards) and other relevant Iraq regulations.**
Reconcile Sales & other miscellaneous receipts efficiently, ensuring **accurate cash handling and banking.**
Ensure meticulous **record-keeping for accounts payable and receivable**, alongside monthly **financial reconciliations.**
Play a pivotal role in **budget preparation** and collaboration with the team for financial planning.
Develop, prepare, and analyse **financial statements, reports, and budgets**, delivering key **financial insights** to management for strategic decision-making.
Support both external and internal **audit preparations,** ensuring accurate trial balances, ledger maintenance, and comprehensive journal entries with **systematic filing.**
Direct and coordinate the **daily activities of accounting operations**, encompassing accounts payable and receivable, general ledger maintenance, payroll processing as per the laws & systems of Iraq and ensure timelines for smooth and accurate financial reporting.
Oversee cash flow management, including petty **cash operations, ensuring optimal liquidity for operational efficiency.**
Execute **precise bank and financial account reconciliations**, including credit card transactions.
Manage and monitor **receivables** and proactively identify delinquencies for timely follow-up or legal intervention.
Generate and present comprehensive **financial reports** as required.
Undertake **additional duties and projects** as directed by management to support the financial integrity and operational effectiveness of the organization.
Ensure Compliance with **KYC Laws and UAE labor laws, Federal laws.**
Identify cost-saving opportunities and efficiency improvements within the organization.
**Budgeting and Forecasting**:
Lead the annual budgeting process and periodic forecasting to ensure alignment with business goals and objectives.
- Develop and manage the annual budgeting process.
- Create financial forecasts and scenario analyses to assess the impact of different business decisions.
- Monitor budget vs. actual performance and make adjustments as necessary.
**Financial Reporting**:
Prepare and analyze financial reports, including income statements, balance sheets, and cash flow statements, to provide insights to senior management.
Generate regular financial reports and dashboards for management and stakeholders.
Provide financial insights and updates to senior management, highlighting key performance indicators and financial metrics.
Financial Controls: Establish and maintain financial controls and procedures to safeguard company assets and ensure compliance with regulatory requirements.
**Cash Management**:
Optimize cash flow management and forecasting to support operational needs and investment opportunities.
**Business Partnering**
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