Statutory Audit of Financial Statement
Preparation of Leads for Kuwait and work with auditors to facilitate external audits and ensure financial transparency ensuring zero qualified opinion. Deliver timely requirements and on time completion to ensure regulatory compliance deadline are met such as Corporate Tax, DMTT and Zakat.
Tax Compliance and other regulatory requirements
Preparation of tax requirements by external provider for filing of tax compliance in the country on a timely manner. this includes reporting of CRS / FATCA, KFAS and compliance of filing Annual General Meetings and BoD for the country.
Budget and Forecasting
Preparation of overhead budget and quarterly forecast for Kuwait ensuring all anticipated costs are considered. Monthly reporting of variance analysis to Area MAG Business Administration. Lead cost saving initiatives based on regular review of costs with alignment with country manager.
Working Capital
Assists Accounts Receivable team in collections of revenue to meet DSO targets of the country and minimizing overdue outstanding and bad debts in line with targets including assistance to identify unallocated payments and suspense accounts. Assists Accounts Payable team to meet DPO targets and regular review and follow up of debit balances from advance payments to vendors to ensure timely and accurate recognition of cost.
Other Responsibilities
• Assist QSC Mumbai for required information specific for Kuwait
• Ad hoc Analysis for Management requirement - process improvement, cost saving and boost revenue including regular review of waivers and longstanding containers.
• Collaboration with Internal Audit to align all process and policies are in place.
• Build and maintain relationships with external business partners, global partner banks, tax and industry experts, to stay up to date with industry trends and innovations.
• Assess risk in the country from legal, political, tax and compliance
• Prepare petty cash and ensuring full documentation and approvals
• As an IT delegate, handle all IT queries with assistance from Regional IT