
Finance Executive- Trading division
4 days ago
Job Description-
Job Title: Finance Executive- Trading division
Location: Dammam, KSA
Basic Salary: 3500 SAR, Accommodation & Transportation
Experience Required: Minimum 3 years
Employment Type: Full-time
Key Responsibilities-
- Manage daily financial operations for the Retail Division, including accounts payable/receivable, and general ledger entries, with a focus on retail transactions.
- Prepare accurate and timely financial reports, including balance sheets, income statements, and cash flow statements, with retail-specific KPIs.
- Develop and maintain budgets and financial forecasts for the Trading Division, considering seasonal trends and market fluctuations.
- Analyze financial data to identify trends, variances, and opportunities for improvement in retail operations, including sales performance, margin analysis, and expense control.
- Ensure compliance with all relevant financial regulations, standards, and tax laws, including those related to retail operations (e.g., sales tax, inventory valuation).
- Assist in the preparation for audits and liaise with external auditors, with a focus on retail-specific audits (e.g., inventory audits, point-of-sale system audits).
- Monitor and manage the Retail Division cash flow, including point-of-sale transactions and cash reconciliation.
- Provide financial insights and recommendations to Retail Division management to support decision-making, including pricing strategies, promotional activities, and inventory management.
- Evaluate and improve internal controls, policies, and procedures specific to retail operations, such as cash handling, inventory management, and loss prevention.
- Collaborate with other departments within the Trading Division, such as sales, operations, and merchandising, to ensure financial alignment with business goals.
Required skills-
- CA/CMA and Bachelor's degree in Accounting and Finance.
- Minimum 3 years of work experience.
- Proficiency in financial management software and ERP systems.
- Excellent analytical, problem-solving, and decision-making skills
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