7 Finance Director jobs in Manama

Purpose of Role
To manage reporting and reconciliations and to manage the Inventory Management Functions.

Key Accountabilities

Finance

1. Preparation of Monthly Accounts.
2. Prepare quarterly consolidated accounts for statutory audit.
3. Liaise with external auditors on a quarterly basis on the preparation of statutory accounts.
4. Ensure timely completion and submission of the quarterly statutory accounts as required by Bahrain Bourse and the Central Bank of Bahrain.
5. Review and monitor Balance sheet reconciliations performed on a monthly basis.
6. Review slow moving stock and make provision each quarter end.
7. Fixed Asset Management – Ensure all assets are tagged and verified on an annual basis.
8. Perform monthly and year end close of financial records.
9. Review and manage all Advertising and Beauty Advisor contracts, ensuring all contracts are recorded in the correct period.
10. Manage and review all Payables and Receivable account balances.

Inventory Management Department

1. Review the stock control perpetual count plan and make changes as deemed necessary. Review the bi-annual full stock count plan with the Stock Control manager.
2. Review and follow up on stock count and spot check reports.
3. Analysis of inventory adjustments for posting to general ledger including the stock provision, stock damages and obsolete stock for write off.
4. Supervise the financial reporting function.
5. Ensure timely and accurate reporting.
6. Manage the external audit.

IT

Ensure all internal controls on the Company Accounting system are in place by regular system monitoring and testing.

Other

1. Supervise the Accounts Department.
2. Supervise the Inventory Control Department.
3. Liaise with the management company and other suppliers on a monthly basis to ensure all discrepancies are cleared and dealt with in a timely manner.

Knowledge, Skills & Experience Required

• Good accounting system skills.
• Retail or FMCG experience required.

Qualifications

• Degree educated (Accountancy or Finance).
• Qualified Accountant (ACCA, CPA, CIMA).

Person Specification

• Ability to be both strategic and operational.
• A logical and practical outlook on processes.
• Ability to clearly and confidently express ideas and facts both in the written and verbal form.
• Excellent presentation, report-writing, meeting management and facilitation skills.
• Ability to identify problems and provide solutions.

About The Company

Established in 2003, Clarendon Parker Bahrain is an International Recruitment Specialist Consultancy based in Bahrain’s Seef Business District. We specialise in mid to senior level professional, managerial, technical recruitment and staffing solutions in Bahrain and beyond. Our multinational team of consultants are experienced professionals within the fields they represent. Each consultant brings strong industry links and knowledge to better understand your business requirements. We know the market and we know our candidates!

Our team of dedicated consultants specialise in the following industries:

• Accounting, Finance & Banking
• Logistics & Customer Service
• Secretarial & Administration
• Human Resources & Recruitment
• Engineering & Construction
• IT/Telecom
• Marketing & PR
• Oil and Gas

The current range of services includes permanent and temporary recruitment, recruitment advertising campaigns, employee satisfaction surveys, state-of-the-art web-based recruitment technology and HR consulting services relating to recruitment processes and activities.

#J-18808-Ljbffr

Job: Executive Director – Finance

Location: Manama, Bahrain

Industry: Financial Services

A leading financial services group is seeking an experienced Executive Director – Finance to support the CFO in driving financial strategy and performance across the organization.

Responsibilities:

• Lead MIS reporting and ensure accurate, timely delivery of financial and operational reports.
• Manage the annual budgeting process and oversee financial forecasts and long-term planning.
• Provide strategic financial insights and performance analysis to support the CFO and senior leadership.
• Collaborate with treasury teams, supporting liquidity management and funding strategies through a strong understanding of treasury products and financial instruments.
• Monitor and report key financial KPIs and ensure robust financial governance across business units.
• Work cross-functionally to align financial strategies with overall business goals.

Requirements:

• 15+ years of experience in financial services (banking, asset management, or similar).
• Expertise in MIS reporting, budgeting, financial planning & analysis.
• Solid understanding of treasury products and related financial instruments.
• Strong leadership skills with experience supporting CFOs and senior leadership.
• Professional qualification (CA, CPA, ACCA, or CFA) preferred.

#J-18808-Ljbffr

Executive Director - Finance

Direct message the job poster from Aventus

Search Consultant- Finance & Financial Services Advisory at Aventus Global Talent

Job: Executive Director – Finance

A leading financial services group is seeking an experienced Executive Director – Finance to support the CFO in driving financial strategy and performance across the organization.

Responsibilities:

• Lead MIS reporting and ensure accurate, timely delivery of financial and operational reports.
• Manage the annual budgeting process and oversee financial forecasts and long-term planning.
• Provide strategic financial insights and performance analysis to support the CFO and senior leadership.
• Collaborate with treasury teams, supporting liquidity management and funding strategies through a strong understanding of treasury products and financial instruments.
• Monitor and report key financial KPIs and ensure robust financial governance across business units.
• Work cross-functionally to align financial strategies with overall business goals.

Requirements:

• 15+ years of experience in financial services (banking, asset management, or similar).
• Expertise in MIS reporting, budgeting, financial planning & analysis.
• Solid understanding of treasury products and related financial instruments.
• Strong leadership skills with experience supporting CFOs and senior leadership.
• Professional qualification (CA, CPA, ACCA, or CFA) preferred.

Seniority level

• Seniority level Executive

Employment type

• Employment type Full-time

Job function

• Job function Finance
• Industries Financial Services, Banking, and Investment Banking

Referrals increase your chances of interviewing at Aventus by 2x

Sign in to set job alerts for “Financial Director” roles.

Manama, Capital Governorate, Bahrain 2 weeks ago

Director- Client Relationship CCB - Bahrain

Manama, Capital Governorate, Bahrain 4 months ago

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.

#J-18808-Ljbffr

To lead the development and implementation of stc Bahrain’s Business Financial plan, ensuring accurate data and analyses are developed to guide senior management’s decision making and achieve a strong financial position.

Key Responsibilities/Duties:

Strategic Contribution

1. Lead the development of stc’s Business Finance strategy and oversee its implementation by performing and delegating related activities.
2. Translate and cascade the corporate strategy into functional business plans and oversee its execution to provide required support to stc Bahrain’s operations.
3. Guide the preparation and monitoring of the Business Finance department’s business plans and annual budget, in line with the company’s objectives.
4. Control expenditure against approved divisional budget on a regular basis and investigate and reconcile any significant variances to ensure effective cost control.

Financial Planning and Reporting

1. Direct the development of budgeting plans, guidelines, timetables, and templates and ensure proper dissemination of all supporting budgeting materials to internal departments and divisions in order to support efficient budget development.
2. Lead the development of long-term and short-term revenue and cost financial plans to ensure alignment with the overall market evolution and strategic objectives of stc Bahrain.
3. Oversee individual BUs’ reported revenue and cost details to ensure accuracy of reports at granular level based on actual performance and challenge reports if/when needed.
4. Guide the development of variance analysis reports to ensure the identification and analysis of any discrepancies between forecasted and actual cost.
5. Lead the development of contingency plans and/or safety reserves used to ensure that unexpected drops in funding level (e.g. economic recession, force majeure, etc.) can be mitigated.
6. Oversee negotiation activities and alignment with BUs, technical functions, and support functions, to ensure accuracy of estimated expenditure requirements and develop and finalize related budget plans, ensuring required allocations cover one fiscal year only.
7. Ensure the provision of all the requested details and reports to External Auditors, Internal Audit, and Government Audit in a timely manner and follow up on any concerns.
8. Monitor the organization’s financial position (e.g. cash on hand, projected cash flow, etc.) and metrics (e.g., NPV, ROI), to ensure accuracy of financial advice to relevant stc sectors.
9. Direct deep-dives and liaise with the Strategy & Governance team as required to ensure necessary support for senior management financial decision making.
10. Provide pricing support to BUs, as needed, and lead the review of new products’ profitability, incentives and commissions profitability, promotional initiatives and loyalty programs developed by BUs to assess their financial impact on stc and provide recommendations where needed.
11. Direct the support provided for the Procurement team to ensure the selection of the most suitable payment in terms and conditions in contracts and purchase orders.

People Management

1. Provide effective leadership across the Business Finance department, by setting individual objectives, reviewing performance, developing, and motivating employees in line with the company’s policies, culture and work ethics, to unleash their potential and maximize performance at individual and functional level.
2. Coordinate the activities of the team to ensure that all work is carried out efficiently, in line with the annual business plans, policies and procedures.
3. Approve the workforce plan and oversee staff hiring, performance management and training activities to attract, develop and retain talent for the Business Finance department.

Change Management and Continuous Improvement

1. Lead the identification of opportunities for continuous improvement of the department’s systems, processes, and practices considering international best practices, improvement of business processes and cost optimization.
2. Approve department’s organization change plans with a focus on leading strategic innovation by developing new solutions or improving existing ones to drive change, meet future digitalization needs and support the company's growth.
3. Research relevant regional and global market trends to stay up to date with best practices and drive relevant initiatives for improvements.

Reporting and Compliance

1. Ensure that all divisional reports are prepared timely and accurately and meet stc Bahrain’s organizational requirements, in adherence to the company’s policies and quality standards.
2. Participate in various relevant committees and present annual and periodic reports, contributing to speedy and high-quality decision making.
3. Ensure compliance to all policies and procedures, as well as to controls related to quality, health, safety, environmental management, guaranteeing employee and assets safety and legislative compliance.

Academic/Other Qualifications & Experience:

1. Bachelor’s degree in Business/Finance/Accounting, or any other relevant field.
2. Proficiency in English language.
3. Preferred:
4. Master’s degree in Business/Finance/Accounting or any other relevant field or MBA.
5. ACCA, CAM or any other relevant certificate.
6. Proficiency in Arabic language.

About Application Process

If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application you would need the following document(s):

#J-18808-Ljbffr

Company Description

"Why work for Accor?
We are far more than a worldwide leader. We welcome you as you are and you can find a job and brand that matches your personality. We support you to grow and learn every day, making sure that work brings purpose to your life, so that during your journey with us, you can continue to explore Accor’s limitless possibilities.
Do what you love, care for the world, dare to challenge the status quo! #BELIMITLESS"

**Job Description**:
Under the business supervision of the Regional Director of Finance and Business Support, and within the limits of Accor Hotels policies and procedures and local requirements, the position is responsible for the supervision of all members of the Company Finance and Accounting Department, within the **Hawar Hotel and Resort by Mantis**.

Director of Finance and Business Support provides strategic leadership, functional guidance and valuable insights to Operations Leader, Partner, Executive Committee and Department Heads for optimal business decision; Interacting with the Company’s legal counsel, insurance companies, tax consultants, auditors, commercial and government banks to effectively control the assets of the business. The Director of Finance and Business Support will be a highly motivated team player with strong accounting, communication, business presentation and analytical skills.

**What is in it for you**:

- Discounted Hotel Rooms and Food & Beverage rates to employees at our sister properties around the globe.
- We provide learning programs through our Academies to promote growth and development so that you can perform at your full potential
- Opportunity to develop your talent and grow within your property and across the world!
- Ability to make a difference through our Corporate Social Responsibility activities, like Diversity, Equity and Inclusion.
- And much more!

**What you will be doing**:

- Manage and communicate cash flow matters, which includes accurate and timely preparation of cash flow statements, management of receivables, payables, cash balances, controls and timely deposits of all funds.
- Comply with all tax laws and regulations of the host country (which affect the hotel's financial matters). This includes responsibility for ensuring that the appropriate permits and licenses are obtained for transactions such as currency transfers.
- Retention of all leases, contracts and other legal records and documents that may affect the hotel's financial position.
- Sign inspection and approval of all Daily Activity Reports, Monthly Reports, Monthly Activity Trend Reports, Monthly Activity Source Reports, and Monthly Activity Checklist Reports.
- Sign, indicating inspection and approval, all Daily Operations Reports, Monthly Reports, Monthly Operations Trends Report, Monthly Business Sources Report and Monthly Business Checklist Report.
- Monitor hotel revenue and expenditure and ensure that it is accurately recorded in accordance with established international guidelines.
- Review and critique variances from budget or prior year and propose practical improvement methods to management.
- Control the investment planning process by assisting management in calculating the return on capital improvements, gathering information and controlling the bidding process, and ensuring the proper maintenance of the property by the evaluation of the scope of work and specifications.
- Ensure hotel compliance with all regulatory licenses and permits, leases, contracts and legal agreements, as well as proper execution of all operating taxes.
- Assist management in enforcing compliance on all of these points.
- Analyze financial data and operations in order to assist and advise management in pursuing the financial objectives of the hotels. Ensure that all balance sheet accounts including bank reconciliations are reconciled in a timely manner.
- Embrace an environment of continuous growth by actively contributing to recruiting, reviewing and maintaining an inventory of controllers, assistant controllers, accounting managers and other managers for the organization.

**Qualifications**:
**Required Skills/Abilities**:

- You are an experienced hotel finance person, 5-7 years, 2+ in a leadership role.
- Pre-opening Hotel experience, preferably in a luxury-branded hotel.
- Experience in the Middle East Region and/or Bahrain is necessary.
- Technical proficient, with a solid understanding of compliance requirements and hotel-specific systems, hotel and restaurant operations best practices, finance function set-up and standard systems (PMS systems, reservation systems, etc.)
- Excellent verbal and written communication skills. Fluent in Arabic and English.
- You have a solid understanding of local legal compliance requirements.
- Ability to multitask, work in a fast-paced environment and have a high level attention to detail.
- You make people feel good - your team, guests and colleagues alike. You make a positive impact.
- You’re a strong team l

ZAIN1534 - Financial Planning and Analysis Expert

Operation

Division

Finance

Location

Closing Date

27-Mar-2025

About Zain

Zain is the pioneer of mobile telecommunications in the Middle East. We began life in 1983 in Kuwait as the region’s first mobile operator, and since the initiation of our expansion strategy in 2003, we have expanded rapidly. Read more here: Zain Overview

About the Role

The role of the Financial Planning and Analysis Expert is to independently manage the financial planning and business performance analysis within Zain Bahrain. Reporting directly to the Budgeting and Business Performance Manager, the role combines elements of financial planning, budgeting, and performance analysis to drive strategic decision-making and ensure the company is moving toward achieving its goals. The role requires an expert who has experience within the telecom field.

What We Need From You

1. Education: Bachelor’s degree in Finance, Accounting, Business Administration, or a relevant field. CMA & FMVA preferred.
2. Experience: 8-10+ years of experience in financial planning, business performance analysis, financial analysis, or a similar role in Telecom.
3. Skills:
   • Strong analytical skills with the ability to interpret complex financial data, identify trends, and generate actionable insights.
   • Proficiency in financial modeling, forecasting, and variance analysis.
   • Excellent knowledge of key financial concepts, performance metrics, and reporting methodologies.
   • Advanced proficiency in data analysis tools (e.g., Excel, SQL) and experience with business intelligence and visualization tools (e.g., Tableau, Power BI).
   • Strong communication skills, with the ability to effectively present complex information to diverse audiences.
   • Detail-oriented with excellent organizational and time management skills.
   • Ability to work independently, prioritize tasks, and meet deadlines.

Main Responsibilities

1. Collaborate with cross-functional teams to gather relevant financial and operational data for analysis.
2. Monitor and analyze key performance indicators (KPIs) related to revenue, cost of goods sold (COGS), profitability, and other financial metrics.
3. Conduct in-depth analysis to identify trends, patterns, and drivers of business performance, and provide actionable insights and recommendations.
4. Prepare and deliver regular performance reports, highlighting key findings and presenting them to senior management and stakeholders.
5. Develop financial models and forecasts to evaluate business initiatives and assess their impact on financial performance.
6. Identify areas for process improvement and optimization to enhance the efficiency and effectiveness of business performance analysis and reporting.
7. Stay updated with industry trends, best practices, and emerging tools and technologies in business performance analysis and reporting.
8. Manage and monitor the annual budget and quarterly reforecasts.
9. Enhance budgeting and forecasting techniques to maintain high standards of quality and accuracy.
10. Design and review monthly financial performance reporting packages, including budget, forecasts, actuals of the income statement, balance sheet, and cash flows, ensuring alignment with overall targets and operational plans.
11. Review Business Case Studies to support better decision-making aligned with the budget and strategic plan.
12. Perform any related tasks as required or assigned.

About Application Process

If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application you would need the following document(s):

#J-18808-Ljbffr