Finance Lead at WOROOD

New Cairo City, Cairo, Egypt -

Full Time

Start Date

Immediate

Expiry Date

04 Sep, 26

Salary

0.0

Posted On

06 Jun, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Analysis, Financial Reporting, Team Management, Inventory Valuation, Cost Control, Internal Controls, Budgeting, ERP Systems, Procurement Monitoring, Executive Reporting, Accounting Oversight, Risk Management

Industry

Retail Luxury Goods and Jewelry

Description

Finance Lead - Full-Time Reports To: Financial Manager Direct Oversight Of: - Accounting Team - Warehouse Financial Results - Procurement Financial Results Position Purpose: - The Finance Lead is responsible for the operational and financial oversight of the company's day-to-day finance activities under the supervision of the Financial Manager. The role ensures the accuracy of financial reporting, supervises the accounting team, and monitors the financial performance of both the Warehouse and Procurement departments. The Finance Lead analyzes results, identifies risks and variances, and reports findings and recommendations to the Financial Manager to support informed financial decision-making. Key Responsibilities 1. Financial Management & Reporting Oversee the preparation of monthly and periodic financial statements (Income Statement, Balance Sheet, Cash Flow). Ensure accuracy, completeness, and compliance of accounting records with approved policies and standards. Manage the monthly financial closing process and ensure timely completion. Prepare financial reports and analytical summaries for submission to the Financial Manager. 2. Supervision of the Accounting Team Directly supervise the accounting team and assign roles and responsibilities. Review journal entries, reconciliations, and financial adjustments. Monitor team performance and ensure adherence to financial procedures. Develop team capabilities and improve reporting quality and efficiency. 3. Monitoring & Control of Warehouse Results Review and analyze warehouse and inventory reports (quantities, values, turnover). Ensure proper inventory valuation and reconciliation with accounting records. Monitor stocktaking results and investigate inventory variances. Analyze the impact of inventory on Cost of Goods Sold (COGS) and profitability. Provide periodic reports to the Financial Manager on warehouse performance and related risks. 4. Monitoring & Control of Procurement Results Review procurement reports and ensure alignment with approved budgets. Monitor purchase prices, sourcing costs, and their impact on margins. Analyze supplier performance from a cost and compliance perspective. Ensure adherence to purchasing policies and financial approval workflows. Recommend cost optimization and procurement efficiency improvements. 5. Cost Control & Internal Controls Monitor Cost of Goods Sold (COGS) and operating expenses. Ensure effective implementation of financial policies and internal controls. Support the Financial Manager in strengthening internal control frameworks. Identify financial and operational risks and escalate them appropriately. 6. Coordination & Executive Support Coordinate between Accounting, Warehouse, and Procurement departments to ensure data consistency and integration. Act as the operational finance liaison between the Financial Manager and the departments under the finance function. Support the Financial Manager with analytical reports for executive management and board review. Authority & Decision Rights Review and validate accounting entries and operational financial reports prior to Financial Manager submission. Request financial and operational data from Accounting, Warehouse, and Procurement teams. Propose improvements to financial policies, procedures, and controls. Qualifications & Experience Bachelor's degree in Accounting, Finance, or a related field (postgraduate degree preferred). Professional certifications such as CPA, CMA, or ACCA are an advantage. Minimum of 5 years' experience in finance or accounting, including supervisory responsibility. Proven experience overseeing warehouse and procurement financial controls. Strong working knowledge of ERP systems and inventory management. Skills & Competencies Strong financial analysis and reporting skills. High attention to detail and control mindset. Leadership and team management capabilities. Strong communication and executive reporting skills. Ability to manage multiple functions under pressure.

Responsibilities

The Finance Lead oversees day-to-day financial activities, including the supervision of the accounting team and financial reporting. The role specifically monitors and analyzes the financial results of the warehouse and procurement departments to support executive decision-making.