Finance Manager -Ramallah,

Job Description

BA/LGHR is recruiting a Finance Manager for a big leading group/company in the Manufacturing and Trading Industry located in Ramallah, Palestine with operations outside Palestine as well. 

Summary Scope of Work: 

The Finance Manager will be responsible mainly for:

1. Efficient and compliant financial management of the company’s operations, assets, revenues, and expenditures based on the company’s investment needs, top management directions and company’s vision;

2. Produce consolidated financial reports, analysis and required financial disclosures for internal and external stakeholders;

3. Oversee the financial management affairs and financial positions of the group sister companies for effective consolidation and compliance;

4. Develop and implement financial strategies based on the strategic directions of the company in coordination with the top management;

5. Effective management and utilization of the finance team.

Reporting to: General Manager

Type of Contract: Full Time

Essential Duties and Responsibilities:

• Planning:

  • Lead and manage the annual budgeting, financing planning, financing forecast and investment planning activities in coordination with top management.

  • Seek out methods for minimizing financial risk to the company.

  • Research and analyze financial reports and market trends.

• Compliance:

  • Establish and maintain financial policies and procedures for the company.

  • Adhere and comply with applicable, local and international financial regulations, legislation, reporting standards and best international practices in the field (including IFRS).

• Reporting and Analysis:

  • Responsible for preparing the annual financial statements in a timely manner and liaising with the external auditors.

  • Track the company's financial status and performance to identify areas for potential improvement.

  • Prepare and present periodical and on-demand financial reports to internal and external stakeholders.

• Operations:

  • Monitor/ supervise the day-to-day financial operations within the company, such as APs, ARs, LCs and other related transactions.

  • Oversee and supervise the collection of outstanding credit and invoices to minimize profit loss while ensuring handling it appropriately and per company policy.

  • Implement credit policies and procedures that retain the smooth running of the department and avoid excessive credit limits.

  • Ultimately responsible for services for tax clearance, auditing, banking, investments, and other financial needs as necessary.

• Team Management: 

  • Oversee and manage financial department employees.

  • Recruit, hire, train and evaluate staff members within the department to ensure a sufficient number of staff members are available to handle the workload.

• Financial IT Systems:

  • Stay up to date with technological advances and financial ERP software to be used for financial purposes.

  • Ultimately responsible for the accuracy of the financial data on the ERP system.

Special Requirements & Skills: 

• Advanced experience in manufacturing, import, export, trade and distribution sectors.

• Superior leadership and management skills and experience; employee management.

• Advanced expertise in a variety of the finance compliance, policies, procedures, and closures (especially for public shareholding companies).

• Understanding of data privacy standards; solid communication skills, both written and verbal.

• Deep understanding of business commercial principles and practices.

• Hands on knowledge in financial ERP systems.

• Willingness to travel inside and outside the country.

Total Years of Experience: 

10+ Years of total experience, 5+ years of them as Finance Manager in related size and industry

Education & Certificates Required:

• Advanced degree in Accounting, Finance, or a related field. 

• Professional certificates are highly preferred, such as CPA/ CMA.

Languages Required:

Arabic, English

Benefits:

Competitive.

Required Skills:

Finance, Compliance, Policies, Closure

ِApply To:

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