Finance Executive- Trading division

Job Description:

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