Al Khayyat Investments is on the threshold of a dynamic new phase of expansion, both domestically and regionally Our financial position is strong We have a committed, mature management team who have built on their rich, cumulative experience, gained across numerous geographies, to lead AKI into a position of strength in the UAE and beyond. Our infrastructure is powerful and well developed Our vision is to retain our leading position in the market and grow further Al Khayyat Investments trades across eight operating divisions Operating divisions: (Retail, Distribution, Consumer, Pharma, Medlab, Fitness, Environment services, and contracting) and Domain (Accounting & Finance, Audit, Business development, Engineering, HR & Admin, HSE, Information Technology, Logistics & Warehouse, Operations, Sales & Marketing, Supply Chain), led by distinguished professionals drawn from a broad spectrum of industries.

As part of the expansion plan in Iraq, we are seeking a talented and experienced Finance Manager (IRAQI National) who will be responsible for overlooking the entire Finance function of the company ensuring the books of accounts are reflecting a true and fair view of the operations of the Business and is responsible for managing the monthly ﬁnancial reporting and control cycle of diﬀerent business units. He/she performs corporate controller tasks related to annual audits and regulatory audits, balance sheet and cash ﬂow management and supports the BU Head through high value-added analysis on performance and control. The ultimate objective of the role is to maximise the BU financial performance, OP working capital and ROCE through enhanced financial governance of margins, OPEX and cash. The Finance Manager will coordinate the Finance team ensuring it is fully engaged and capable of assisting business units.

Key Responsibilities

Be responsible for daily operations of the Finance department, oversee monthly/quarterly close processes, and ensure the accuracy, timeliness, and integrity of all financial data. Ensure deadlines are met in accordance with company’s policies and procedures.
Regular review of entity P&L and Balance Sheets, provide detailed monthly operating results and analysis of cost per cost center and cost type, analyzing main variances with latest revision, budget, and previous year.
Support decision-making processes through financial modeling, scenario analysis, and ROI assessments.
Evaluate investment opportunities, acquisitions, and partnerships to drive business growth and profitability.
Coordinate and direct the preparation of monthly, quarterly and annual financial statements.
Coordinate and direct budgets, ﬁnancial forecasts, core ﬁnancial planning and analysis, proposal rates, proﬁt plans and schedules instituting and maintaining other planning and control procedures and analyzing and reporting of variances to local management.
Assist the CFO and Internal Audit in the implementation of Group internal control procedures to verify the integrity of all ﬁnancial information, ensure and maintain historical records.
Liaising with external accounting and tax providers with sound knowledge of the local regulations to ensure accuracy of local tax returns in this regard.
Reﬁne the management reporting to incorporate and evaluate all key performance indicators that management requires to be able to follow business proﬁtability and its drivers. Anticipate ﬁnancial problems and recommend action plans for budget control.
Drive process improvement and automation efforts. Set, maintain and execute the accounting policies and create new processes to support efficiencies.
Provide support and guidance to the finance team to allow team members to progress as fast as possible and supervise in a suitable manner the quality, reliability and accuracy of work delivered by them.
Partner closely with various internal teams and BU Management to support monthly variance analysis.
Ensure low administrative cost, absence of “out-of-balances” for the month-end closing.
Prepare the annual budgets forecasts and cash ﬂow analysis.
Drive the budget and revision processes, by coordinating responsibilities with financial analysts and with other departments on information requirements.
Drive action plans to ensure OPEX optimization is on target with projections, feasibility studies and that the company operates within budget parameters.
Develop and interpret of statistical and accounting information to appraise operating results in terms of proﬁtability, ROCE, performance against budget, and other matters bearing on the operating eﬀectiveness of the company.
Recommend benchmarks for measuring the ﬁnancial and operating performance of divisions and departments.
Act as ﬁnance advisory and make recommendations to the management to allow the business to make informed strategic, managerial and operational decisions.

Skills, Experience and Qualifications

University Degree in Accounting or Finance; Finance qualiﬁed (CA, ACA, CIMA, ACCA, CPA etc.).
Proven minimum 15 years of relevant work experience with at least 5 years in the similar role in both the GCC Region and Multinational companies with advanced finance organization and processes.
Excellent Oracle knowledge.
Proven experience in leading and coaching Finance and Accounting teams in Iraq market.
Highly assertive credible individual with capability of inﬂuencing decision-making process.
High attention to detail and excellent analytical skills
Excellent communication and relationship management skills.
Extensive knowledge of International Financial Reporting Standards and local accounting rules in Iraq
Ability to work with a diverse team in terms of skillsets and culture.
Proven knowledge of advanced process analyses techniques and auditing standards and procedures

Al Khayyat Investments (AKI)

New Jobs

Finance Manager (IRAQ)