53 Financial Manager jobs in Bahrain

Operation

Division

Finance

Location

Closing Date

15-May-2025

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:

The role of the Financial Planning & Reporting Specialist is to independently manage the financial planning, analysis and reporting within Zain Bahrain. Reporting directly to the Budgeting and Business Performance.

1. Manage and monitor the annual budget and quarterly reforecasts.
2. Enhance budgeting and forecasting techniques to maintain high standards of quality and accuracy.
3. 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.
4. Collaborate with cross-functional teams to gather relevant financial and operational data for analysis.
5. Conduct in-depth analysis to identify trends, patterns, and drivers of business performance, and provide actionable insights and recommendations.
6. Support the development of financial models and forecasts to evaluate business initiatives and assess their impact on financial performance.
7. Identify areas for process improvement and optimization to enhance the efficiency and effectiveness of business performance analysis and reporting.
8. Stay updated with industry trends, best practices, and emerging tools and technologies in business performance analysis and reporting.
9. Review Business Case Studies to support better decision-making aligned with the budget and strategic plan.
10. Perform any related tasks as required or assigned.

Bachelor degree in Finance, Accounting or related subjects

Professional certification such as CPA, CA, CMA, CFA etc. is a plus

3-5+ years of experience in financial planning and analysis.

Experience in Telecom Industry is preferred.

1. Strong analytical skills with the ability to interpret complex financial data, identify trends, and generate actionable insights.
2. Proficiency in financial modeling, forecasting, and variance analysis.
3. Excellent knowledge of key financial concepts, performance metrics, and reporting methodologies.
4. Advanced proficiency in data analysis tools (e.g., Excel, SQL) and experience with business intelligence and visualization tools (e.g., Tableau, Power BI).
5. Strong communication skills, with the ability to effectively present complex information to diverse audiences.
6. Detail-oriented with excellent organizational and time management skills.
7. Ability to work independently, prioritize tasks, and meet deadlines.

1. Business Acumen.
2. Situational awareness.
3. Accuracy.

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):

Operation

Division

Finance

Location

Closing Date

27-Mar-2025

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

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.

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.

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.

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):

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

Key Accountabilities

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.

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.

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

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.

• Develop, implement, and maintain the organization's risk management framework and policies.
• Identify, assess, and monitor key financial risks, including market risk, credit risk, operational risk, and liquidity risk.
• Conduct quantitative analysis of financial data to measure and report on risk exposures.
• Develop and utilize risk models and stress testing scenarios to evaluate potential impacts.
• Ensure compliance with regulatory requirements and reporting standards (e.g., Basel Accords, local financial regulations).
• Collaborate with business units to integrate risk management principles into strategic decision-making.
• Prepare comprehensive risk reports for senior management and the board of directors.
• Provide training and guidance to staff on risk management best practices.
• Monitor industry trends and regulatory changes impacting financial risk management.
• Lead or participate in special projects related to risk management enhancements and initiatives.

• Master's degree in Finance, Economics, Mathematics, Statistics, or a related field.
• Minimum of 5-7 years of experience in financial risk management within the banking or financial services sector.
• Strong knowledge of financial markets, instruments, and risk management methodologies.
• Proficiency in quantitative analysis, financial modeling, and statistical software (e.g., R, Python, MATLAB).
• Familiarity with regulatory frameworks and compliance requirements in the financial industry.
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong written and verbal communication skills, with the ability to present complex information clearly.
• Leadership qualities and the ability to influence stakeholders at all levels.
• Relevant professional certifications such as FRM or CFA are highly desirable.

• Develop and implement comprehensive financial risk management strategies.
• Identify, assess, and monitor financial risks across the organization.
• Conduct stress testing and scenario analysis for capital adequacy and liquidity management.
• Ensure compliance with relevant financial regulations and reporting requirements.
• Prepare risk reports and present findings to senior management and the board.
• Develop and implement risk mitigation plans and control measures.
• Collaborate with business units to embed risk awareness and best practices.

• Master's degree in Finance, Economics, Mathematics, or a related quantitative field.
• Minimum of 7 years of experience in financial risk management, preferably within the banking or financial services sector.
• Strong knowledge of financial instruments, markets, and risk modeling techniques.
• Experience with regulatory frameworks such as Basel III.
• Excellent analytical, quantitative, and problem-solving skills.
• Proficiency in risk management software and data analysis tools.
• Strong leadership and communication skills, with the ability to influence stakeholders.

• Develop and implement enterprise-wide risk management frameworks
• Identify, assess, and monitor financial risks (market, credit, operational, liquidity)
• Design and validate risk models and methodologies
• Establish and enforce risk policies, limits, and controls
• Ensure compliance with relevant financial regulations
• Provide insightful risk reporting to senior management and regulators
• Foster a strong risk-aware culture throughout the organization

• Master's degree or Ph.D. in Finance, Economics, Mathematics, or a related quantitative field
• Minimum of 7 years of progressive experience in financial risk management
• In-depth knowledge of financial markets, instruments, and risk management principles
• Expertise in risk modeling, quantitative analysis, and regulatory compliance
• Proficiency in statistical software and programming languages (e.g., Python, R, SQL)
• Strong leadership, strategic thinking, and problem-solving abilities
• Excellent communication and presentation skills, with the ability to convey complex information clearly
• Experience in a remote work environment is a plus

• Develop and implement robust financial risk management frameworks.
• Identify, assess, and monitor market, credit, operational, and liquidity risks.
• Quantify risk exposures using advanced modeling techniques.
• Establish and enforce risk policies and procedures.
• Ensure compliance with regulatory requirements and industry best practices.
• Prepare risk reports for senior management and regulatory authorities.
• Advise on risk mitigation strategies and capital allocation.
• Conduct stress testing and scenario analysis.

• Master's degree in Finance, Economics, or a quantitative field.
• FRM or PRM certification is highly preferred.
• Minimum of 7 years of experience in financial risk management.
• Expertise in risk modeling, quantitative analysis, and regulatory compliance.
• Proficiency in financial software and data analysis tools.
• Strong leadership and communication skills.
• Ability to manage complex projects and drive strategic initiatives.