Menu - [Jump to main content]

    Closed or Expired Job Posting This job posting is closed or has expired and is no longer open for applications.

    Financial Manager

    Fusteka Group

    Basra, Iraq

    Ref. JB2012818

    Job Description

    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.

    Principal Accountabilities:


    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
    Funds Management

    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
    Invest funds
    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
    Financial Analysis

    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
    Additional Accountabilities:

    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 Details

    Job Location:
    Basra, Iraq
    Company Industry:
    Business Support; Distributions and Logistics; FMCG
    Company Type:
    Employer (Private Sector)
    Job Role:
    Accounting and Auditing
    Employment Type:
    Monthly Salary Range:
    Number of Vacancies:
    Job Ref.:

    Preferred Candidate

    Career Level:
    Years of Experience:
    Min: 7
    Residence Location:
    Bachelor's degree / higher diploma
    Min: 35 Max: 50