Position Description: Finance Manager
Basic Function: The functions of the finance manager position can be considered identical to a treasurer position, or as a "light" treasurer who has additional analysis responsibilities that include support of the management team in a variety of operational decisions. This job description assumes the later view of the finance manager position. As such, the finance manager should manage funds in such a manner as to maximize return on investment while minimizing risk, and while also ensuring that an adequate control structure is in place over the transfer and investment of funds. Further, the finance manager engages in financial analysis in such areas as forecasting, budgeting, engaging in cost reduction analysis, and reviewing operational performance.
Maintain a documented system of accounting policies and procedures
Manage outsourced functions
Oversee the operations of the treasury department, including the design of an organizational structure adequate for achieving the department's goals and objectives
Forecast cash flow positions, related borrowing needs, and available funds for investment
Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements
Use hedging to mitigate financial risks related to the interest rates on the company's borrowings, as well as on its foreign exchange positions
Maintain banking relationships
Assist in determining the company's proper capital structure
Arrange for equity and debt financing
Recommend appropriate dividend issuances, based on historical dividend patterns and expected cash flows
Manage the preparation of the company's budget
Report to management on variances from the established budget, and the reasons for those variances
Assist management in the formulation of its overall strategic direction
Engage in ongoing cost reduction analyses in all areas of the company
Review the performance of competitors and report on key issues to management
Engage in benchmarking studies to establish areas of potential operational improvement
Interpret the company's financial results to management and recommend improvement activities
Review company bottlenecks and recommend changes to improve the overall level of company throughput
Participate in target costing activities to create products that meeting predetermined price goals
Assist in the determination of product pricing in relation to features offered and competitor pricing
Compile key business metrics and report on them to management
Manage the capital budgeting process, based on constraint analysis and discounted cash flow analysis
Oversee the extension of credit to customers
Working Conditions: Primarily in an office environment. Will be expected to travel as needed to company subsidiaries.
Supervises: All treasury staff, as well as financial analysts and cost accountants
Desired Qualifications: The finance manager candidate should have a Bachelor's degree in finance or accounting, or equivalent business experience and 10+ years of progressively responsible experience for a major company or division of a large corporation. Preference will be given to candidates with the Certified Public Accountant or Certified Management Accountant designations. Excellent communication skills are essential, particularly in regard to presenting the results of analyses to management. Should have an outstanding knowledge of electronic spreadsheets.
- Job Location:
- Basra, Iraq
- Company Industry:
- Business Support; Distributions and Logistics; FMCG
- Company Type:
- Employer (Private Sector)
- Job Role:
- Joining Date:
- Employment Status:
- Full time
- Employment Type:
- Monthly Salary Range:
- Manages Others:
- Number of Vacancies:
- Career Level:
- Years of Experience:
- Min: 7
- Residence Location:
- Bachelor's degree / higher diploma
About This Company
Our group were established in 1994 in Basrah city, Iraq. And we have another branch in Dubai, since then has been known for its trading activities and its success in the field of general construction and supply of materials, moreover our group was one of the first of those who participated in the reconstruction process of our country, Iraq ,especially after the Iraq Freedom Operation by working with main governmental and nongovernmental human organizations where we have accomplished and offered many projects and services in the fields of construction and supply , moreover , FCG has got several branches dealing with food, frozen food ,ice cream production & retail sales , garments, accessories.
These include: -
Fusteka for Limited food production (Joker for frozen food production,
Fusteka Sweet factory, Bread Bakeries, Arabic Bread Factory).
- Fusteka company for limited ice-cream and sweet Production
(Fusteka Cake exhibition, Ice Cream exhibition,
- Al-Ameeri Company for General Trading and Contracting (Basra Centre).
- Fusteka General Trading LLC., Dubai, UAE
- Night Moon General Land Transport & Trading L.L.C., Dubai, UAE.