Finance Manager - Middle East

Detailed Information

1.0 MAIN OBJECTIVE 

• Contributes to the overall development and growth of Sepam by providing timely and accurate financial data of the operations of the company.
• Prepares and implements the company’s financial policies, systems & procedures.
• Manages the cash flow of the company.
• Ensures that all third party contractual relationships are managed in a professional manner.
• Prepares the payroll of the company. 

2.0 AREAS OF RESPONSIBILITY   

• Generation of timely and accurate financial data
• Billing and collection of receivables.    
• Management of the company’s cash flow.   

3.0 SPECIFIC OBJECTIVE 

3.1 Management of Costs 

• Reviews commercial terms of contracts and reports;
• Ensures all costs are managed in line with the budget;
• Ensures creditors’ terms are in line with company guidelines;
• Ensures earliest possible invoicing and subsequent collection of payments;
• Reviews monthly all costs with a view to eliminating unnecessary costs;
• Ensures the accurate monitoring and control of overheads in particular, telephones / fax / internet, stationary, computer maintenance etc.;
• Ensures that company policy with respect to expense reimbursement is adhered to;
• Ensures that PO’s and Payment Requisitions are prepared and duly approved before any payment / disbursement is made. 

3.2 Management Reports and Financial Accounting 

• Prepares company annual budget;
• Prepares monthly income & expense statements;  
• Prepares costing report;
• Prepares  monthly cash flow;
• Prepares monthly a list of account receivable and payable and their ageing;
• Prepares  monthly bank reconciliation reports;
• Prepares daily and monthly cash reports;
• Prepares annual financial accounts;
• Prepares forecasts of cash requirements vis-à-vis inflow of cash.  
• Prepares all the above reports with complete notes on assumptions. 

3.3 Policies, Procedures and Systems

• Formulates and implements financial and commercial policies and procedures for the company.
• Assists in reviewing and updating policies, procedures and systems.
• Maintains and sticks to a schedule of submission of reports; payments to government agencies and suppliers.  

3.4 Statutory Reporting 

• Ensures all government and statutory reports are kept up to date and correctly prepared. 

3.5 Third Party Relationships 

• Establishes good relationships with the company’s creditors, banks, suppliers and clients.
• Negotiates credit terms with suppliers. 

3.6 Payroll 

• Prepares and administers company payroll accurately and on time.

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