Manager, Financial Operations
Zain Bahrain is actively recruiting for the role Manager, Financial Operations. In this role, you will be Leading and managing the day-to-day financial operations that includes accounts payables and receivables, revenue, inventory and fixed assets; ensuring accurate processing of financial transactions and proper maintenance of accounting records, financial systems and reports.
Your responsibilities will also include, but not be limited to, the following:
Manage all financial operations processes with a primary focus on leveraging technology and automation to increase efficiency, accuracy, compliance and governance.
Ensure that all financial transactions are processed accurately, in a timely manner, and in accordance with generally accepted accounting principles and IFRS standards.
Experience and knowledge of IFRS-15 including function and operating knowledge of Fusion Revenue Management module of Oracle.
Maintain a proper system of accounts and records on all transactions including controls.
Prepare monthly forecasts to analyse performance gap with budgets and present to the Director.
Prepare and analyze accurate monthly financial and management reports, including income statement, balance sheet, fixed assets and backup reports.
Provide useful financial & operational insights to help make better decisions about formulating and executing organizational strategy.
Provide guidance and analysis to executive and operational management to improve financial results.
Manage and participate in month-end closing procedures which includes account reconciliation.
Participate in issuing timely, accurate, and complete financial statements for management.
Participate in coordinating the preparation of the draft audited financial statements and monthly tax returns.
Develop and implement Financial Operations function policies and procedures in order to ensure the fulfilment of organizational requirements whilst delivering high-quality services
Review the reconcilition between collection channels, Oracle and billing systems in order to ensure accuracy of data.
Manage the processing of invoices and payments by verifying documentation and perform reconciliation and rectification of discrepancies in payment transactions
Analyze the Zain’s financial and operational position based on past, present, future, and budgeted levels that utilizes variance analysis, benchmarks, productivity targets, cost, supply consumption and established plans.
Provide financial models as needed, in particular for capital investments, pricing decisions, and contract negotiations.
Participate in monthly, quarterly and end of year closing of all ledgers and accounts to ensure timeliness and accuracy of accounts
Ensure end of month closing is properly reflected in GL and maintain, manage and monitor GL accurately.
Calculate and issue financial and operating metrics.
Prepare a variety of ad hoc financial reports or related duties as required and needed.
Perform any other related duties as assigned or needed.