One of the largest manufacturing company in Bahrain is looking for a dynamic and proactive Business Unit Controller to monitor cost and productivity performance of the assigned Business Units.
Position - Business Unit (BU) Controller
Reporting to – Manager Financial Control and Accounting
Job Content
· Support BU with regards to all aspects of financial reporting and analysis
· Prepare and monitor budgets/forecasts
· Monitor and maintain all reports and Key Performance Indicator (KPI) analysis.
· Develop and monitor product line profitability, costing and analysis
· Monitor working capital and prepare BU cash forecasts
· Support/maintain MPC tracking tools update for BU.
· Monitor/maintain inventory performance.
· Prepare Capex/ Capital Expenditure Plan (CEP) plan & payback/IRR analysis · Cost Ledger monitoring & reallocation of charges
· Confirmation & monitoring of Fixed Assets.
· Releasing of PR’s and assigning the correct account assignments and controlling costs.
· Prepare/follow up of Request for Disposal (RFD’s) raised and its timely disposal.
· Monitoring of Purchase Requisitions
Qualification ACA, ACCA, CPA, Cost Accounting or MBA plus graduation in accounting preferred
Experience Preferably 5 years in manufacturing company and / or experience in product costing, reporting and analysis
To apply, please send your CV to This e-mail address is being protected from spambots. You need JavaScript enabled to view it latest by 23rd May 2010.
| Particulars | Details |
| Job Ref. No. | Job Ref:18/09-10 |
| Position | Assistant Manager – Internal Audit |
| No. of Vacant Positions | One Position |
| Based in | Bahrain |
| Job Profile | Conduct Internal Audits as directed by the Audit Manager in accordance with the Audit plans, as to ensure that the company polices, procedures and professional accounting principles are duly complied |
| To examine all vouchers, documents, books of account and related documents and report to the Audit Manger significant findings | |
| To provide audit accounting, operational and statistical data from the various divisions under purview in order to verify accuracy, authenticity and compliance with the company’s policy | |
| To conduct physical verification of inventory for confirmation with inventory records, inspecting disposal of obsolete inventory and confirming inventory write-offs | |
| To conduct follow-up procedures to ascertain whether necessary action is taken on significant audit findings | |
| To prepare draft reports on the audit findings and submit to Audit Manager | |
| To supervise the work of the Audit Supervisors/Executives | |
| To identify the operational areas where internal controls needs to be strengthened and report to Audit Manager | |
| Organizational Structure | Reports to the Audit Manager, Group audit Manager, Audit Committee/Chairman |
| Key Dimensions | Manages the activities of Audit Supervisors (2) and Audit Executives (3) |
| Candidate Profile | Professional accreditation eg ACA/CPA - with 5 - 7 years post qualification experience in Internal Audit |
| Good communication skills, both written and oral | |
| Ability to manage a sizable Audit team | |
| Experience of auditing in I.T. environment | |
| Emoluments | Negotiable |
Position
| Assistant Manager - Internal Audit
|
Industry
| Leading Insurance company of Bahrain |
No. of Vacant Positions
| One
|
Language
| Preferably Bi-Lingual (English/Arabic)
|
Job profile
| Responsibilities include carrying out risk based(COSO based) audit reviews, identifying internal control weaknesses & suggesting practicable solutions, following up for implementation of audit recommendations, completion of audits as per plan, undertaking special assignments, audit documentation and supervising and training junior audit staff.
|
Candidate Profile | Chartered Accountants 5-6 years of post qualification experience in audit preferably in Insurance industry
Candidate should possess communication, analytical, report writing and interpersonal skills. Adequate exposure of Internal Audit processes and understanding of risk assessment is must |
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The position reports to the head of the Group Investment Department.
The investment research analysts’ primary scope of work is as follows (however, not an exhaustive list):
1. Research and analysis of investment opportunities such that investment conclusions are based upon extensive use of research tools such as bloomberg, communications with fund managers, portfolio managers, fundamental & technical research including graphs, data, charts, company reports etc., and other information sources;
2. Follow the ratings and business news regularly– Morningstar, S&P, Moody’s, Lipper and action downgrades asap;
3. At least monthly follow-up and update of existing and new investments and portfolio for performance, NAVs, buy/ sell decisions, especially unfavorable to investment portfolio;
4. Update on global financial markets with specific focus on listed equities;
5. Co-ordinate with portfolio managers to close opportunities;
6. Ensure current and future investments are electronically updated and followed up i.e. on Bloomberg station;
7. Circulate balances and confirm portfolio holdings with managers, periodically (at least twice a year) to ensure existence and valuation of the holdings
Skill and Experience Requireme
Qualified chartered accountant, MBA or similar educational background.
3. At least 4-5 years of relevant financial industry experience in research, analysis and geared towards performance in financial markets;
4. Specific Understanding and analysis capability towards “listed equity investments”;
5. Strong commitment to in-depth search and follow up. Willing to put in extra effort to conclude timely in volatile global investment markets;
6. General understanding of the global financial markets;
7. Attitude should be that of on-going learning and humility in the global financial markets;
8. The ability to continually move forward despite or in spite of, singular success or investment failure;
9. Proficient in Microsoft word, excel and power point presentations
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Position | Associate - Finance & Accounts |
Based in | Bahrain |
Company profile | Investment Company focused on real estate and related sector |
Job Responsibilities | To be responsible for all financial and accounting matters for the parent company as well as SPV’s created for various projects / investments. |
Managing liquidity of the Company and arranging for all payments | |
Tracking subscription receipts in the investments projects and reconciling it with subscription agreements | |
Payroll processing and related benefits | |
Prepare monthly management accounts and related analytical reports | |
Reconcile all bank, debtors and creditors accounts | |
Maintain books of accounts | |
Ensure compliance with regulatory requirements and KYC documents | |
Work on ad hoc projects and provide inputs in improvements of processes and procedures | |
Educational Qualifications | CA / CPA |
Computer skills: | Expertise in Microsoft Excel, Word and accounting soft wares |
No. of years experience | Five years post qualification |
Candidate Profile | Self starter with willingness to do all tasks as required |
Salary | Attractive salary with benefits for the right candidate |
Joining time | Latest in one month |
A senior management position (Head of Investments and Projects) with responsibility for management of the group’s investment portfolio with high level of independence and result orientation, reporting to the CFO.
Responsibilities:
1. Short/long term planning and strategies and input to the corporate budget process.
2. Funds and liquidity management.
3. Ensure capital adequacy and conduct valuation/acquisition studies.
4. Process of fresh issue of capital, as and when required.
5. Responsibility for overseeing operations of the Investment Department and laying down and internal control procedures.
6. Monitor the operations of the department to ensure compliance with International Financial Reporting Standards and other relevant local and international regulations applicable to the Company.
7. Liaising with the Internal and External Auditors ensuring that their requirements are met especially during the year end audit of the company’s account.
8. Liaising with Financial institutions, Stock Exchanges and other external financial bodies.
9. Preparation of Board and Committee meetings agendas and papers.
Business Contacts:
1. Creating and maintaining relationships with bankers and liaison with the external auditors and consultants and external agencies such as the Bahrain Stock Exchange, CBB etc.
2. Creating and maintaining contacts with major corporate accounts, individual clients, counterparts in insurance and reinsurance companies and brokers.
3. Creating and maintaining contact with investment fund managers.
Work Contacts:
1. Close contact with General Managers to implement corporate strategies in respect of finance.
2. All departmental heads for cross-functional issues and general management activities.
Mental Demands:
1. Must be able work independently and under pressure and committed to getting results and meet targets.
2. Must be able to take difficult and quick decisions due to extreme volatility and risks in the investment market and the constraints imposed by the investment policy.
3. Must be able to maintain confidentiality.
4. Ability to analyze business and financial risks.
Knowledge and Experience:
1. Minimum 10-15 years experience with at least 5 years at senior management position.
2. Ideally with a Chartered Financial Analyst (CFA) qualification or equivalent. In addition, an MBA in Finance or a qualified Chartered Accountant is preferred.
3. Good knowledge of macroeconomics and experience in managing money, devising, implementing investment strategies and corporate finance activities.
4. A reasonable knowledge of insurance practices, preferably with in the market and local legislation.
5. Knowledge of IAS/IFRS will be an advantage.
6. Knowledge of evaluation of companies.
7. Knowledge of preparation of financial models and business plans.
8. Knowledge of S & P rating procedure.
Personal Qualities:
1. Leadership qualities and administrative abilities with good man management skills.
2. Ability to communicate at all levels both with staff and others.
3. Independent, result oriented and strong analytical skills.
4. A great sense of integrity and responsibility.
Remuneration:
Salary and package will be negotiable for the right candidate
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Particulars | Details |
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|
Job Ref. No. | REF:13/09-10 |
Position | Accounting Manager – Business Units reporting to Head of Finance |
No. of Vacant Positions | One Positions |
Based in | Bahrain |
Job Profile | To be responsible for the financial accounting, reporting and consolidated financial statements for the bank’s Private Equity & Real Estate investments, both direct and through funds managed by the bank, and for Private Banking (Assets under Management). |
For each of the bank’s investments, the position is responsible for: | |
· Pre-acquisition due diligence, including tax, financial and accounting | |
· setting up of SPVs as per approved structure | |
· post-acquisition financial monitoring | |
· Valuation of the investment | |
Accounting of all transactions initiated by Private Equity, Real Estate and Private Banking either directly or through funds managed by the Bank, ensuring that the appropriate accounting standards are applied for each type of investment. | |
Preparing financial statements for all entities owned and managed by the Bank and consolidating them into the financial statements of the Bank. | |
Alongside the Head of Finance, ensuring that all policies and procedures issued by the Finance department are maintained up-to-date and in compliance with the International Accounting Standards and the International Financial Reporting Standards. | |
Reporting responsibilities: | |
· Regulatory - as per CBB and MOIC | |
· Management - regular, detailed analytical reports on the performance of the Bank | |
· Investors - providing updates on their investments in the Bank’s projects. | |
· Shareholders – annual report, as per IFRS | |
Monitoring of open positions, FX P&L and testing hedge effectiveness, in co-ordination with treasury and risk management. | |
Supporting the other functions of the Finance department- Financial and Management Accounting and Internal Control. | |
Educational Qualifications | CA/ CPA. |
Computer skills: | Expertise in Microsoft Excel, Access and Word. |
No. of years experience | 8 - 10 years post-qualification experience, with at least 3-5 years experience in financial accounting in investment banking. |
Candidate Profile | Accounting and valuation of banking products. |
| Implementation of the relevant International Financial Reporting Standards. |
| Ability to work logically, consistently and accurately. |
| A thorough knowledge of International Accounting Standards and Generally Accepted Accounting Principles. |
Emoluments | Negotiable |
To apply for the vacancy, please email your detailed CV on This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Particulars | Details |
|
|
Job Ref. No. | REF:12/09-10 |
Position | Head of Internal Control Unit-Reporting to Financial Controller |
No. of Vacant Positions | One Position |
Based in | Bahrain |
Job Profile | The candidate is required to establish the internal control unit & to manage the unit thereafter. |
Monitoring the daily operating activities of all the units to ensure their effectiveness & compliance with the internal policies & procedures. | |
Identify areas of weakness in controls or processes. | |
Propose changes or enhancements to controls/processes. | |
Report findings to the management on regular basis | |
Age Range | 30 to 35 Years |
Computer skills: | Professional in using Microsoft applications. |
No. of years experience | Minimum five years experience in a similar field. |
Candidate Profile | Chartered Accountants (CA) |
BS degree in accounting. Candidate with professional certification is preferred. | |
Candidates with work experience in External /Internal Audit areas or | |
Work experience in Internal Control Units of Banks or | |
Candidates with the knowledge of CBB regulations preferred. | |
A good team player, with high personal integrity and professional ethics. | |
Fluent in English and report writing skills. | |
Emoluments | Negotiable |
To apply for the vacancy, please email your detailed CV on This e-mail address is being protected from spambots. You need JavaScript enabled to view it
| Particulars | Details |
| Job Ref. No. | Job 11/09-10 |
| Position | Assistant Financial Controller |
| No. of Vacant Positions | One Position |
| Based in | Bahrain |
| Job Profile | · Be familiar and up to date with all policies of both the hotel and Worldwide Group in regards to standard practice instructions;· Assist in maintaining a system of internal controls which will provide the most effective control of the assets and revenue of the hotel;· Assist in maintaining all accounting records of the hotel in the manner prescribed by the Corporate Office;· Ensure that all law and fiscal regulations of the country of location (which affect the financial matters of the hotel) are complied with;· Ensure the safekeeping and updating of all leases and contracts and all other legal records and document which may affect the financial status of the hotel;· Supervise at the end of the month, the closing of the books and the subsequent timely preparation of the required financial data; · Ensure that local tax matters, including both income and other taxes, are properly handled |
| Candidate Profile |
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| Emoluments | Negotiable |
