Finance Officer

JOB SUMMARY
The Finance Officer is responsible for managing financial activities within the company. This includes
accurate and timely financial reporting, budgeting and forecasting, analyzing financial data,
managing cash flow, and ensuring compliance with all financial regulations. The finance officer will
collaborate with various departments within the organization to optimize financial processes and
drive financial performance.

JOB IDENTIFICATION
Job Title: Finance Officer
Work location: Erbil
Report to: CEO
Type of position: Full-Time

RESPONSIBILITIES

• Prepare financial reports, including balance sheets, income statements, and cash flow
  statements on a regular basis.
• Analyze financial data and provide insights to support decision-making by management
•  Develop and maintain budgets for different departments and monitor actual performance
  against budgeted targets.
•  Assist in the preparation of annual financial forecasts and participate in strategic planning
  processes.
•  Ensure accurate and timely preparation of financial statements, reports, budgets, forecasts,
  and other financial analysis.
•  Coordinate with other departments to ensure proper documentation and recording of
  financial transactions.
•  Manage accounts payable/receivable functions, ensuring invoices are processed accurately
  and payments are made on time.
•  Perform regular reconciliations of bank accounts and investigate any discrepancies.
•  Monitor cash flow regularly to ensure sufficient funds are available for day-to-day
  operations.
•  Ensure compliance with all applicable financial laws, regulations, and internal policies.
•  Maintain accurate records of all financial transactions and prepare audit schedules as
  required.
•  Developing finance policies, procedures, and internal controls to safeguard company assets
•  Providing financial guidance to other departments to support their operational needs
•  Maintaining accurate records of financial transactions in accordance with established
  policies
• Works closely with other departments to support their financial needs, analyze financial data, and provide strategic recommendations
• Supervise and provide leadership to the finance team, including training, coaching, and performance management.

QUALIFICATIONS

• Bachelor’s degree in finance, accounting, or a related field (Master’s degree or professional
  certification is a plus).
• Proven experience (2- 3 years) as a finance officer or similar role.
• Strong knowledge of accounting principles and practices.
• Proficient in using financial management software applications (e.g., Quickbooks, Odoo).
• Excellent analytical skills with the ability to interpret complex financial data effectively.
• Attention to detail and accuracy in preparing financial documents/reports
• Ability to work independently as well as collaborate effectively within a team
• Familiarity with relevant laws/regulations governing finance operations (tax regulations,
  social security).
• Advanced proficiency in Microsoft Excel for data analysis