Finance Manager

Vitas Palestine is a place of opportunity. It’s our incredible team that makes our company great.

VITAS Palestine, is a private microfinance company shareholding limited liability company, that seeks to hire Finance manager at the Head Office in Ramallah.

Vitas seeks to enable all people who have the desire and ability to improve their lives to obtain the financial services they need to help them demonstrate their inherent capabilities in order to become active participants in the social and economic aspects of their communities.

Responsibilities:

• Responsible, either directly or by managing staff, for all cash management, investments, budgeting, and financial reporting, helping to drive the company’s financial strategy and hiring needs
• Ensure cash flow is compatible with company operations, by overseeing the day-to-day accounting, recording, reporting, and internal control activities of the organization
• Lead the development and use of best-practice policies, practices, and tools that ensure a well-controlled yet flexible organization with strong fiscal management, cross team communications and workflow.
• Ensure compliance with the law and company’s policies
• Monitoring endowment assets and making recommendations to growing and protecting investments and to decide on investment strategies by considering cash and liquidity risks with the related parties.
• Work with the senior management to efficiently develop proposal budgets, provide access to project finance information, and manage contract/grant compliance and reporting
• Research revenue opportunities and economic trends, analyze internal operations, identify areas of cost reduction and process enhancement
• Monitor performance with tracking, establish corrective measures as needed, and prepare detailed reports, both current and forecasting for earnings calls, the management team, and the rest of the company
• Reviewing and approving all journal entries for accuracy in the monthly, quarterly, and annual closing process
• Responsible for organization's long-term financial health and growth
• Responsible for establishing strategies that will ensure financial sustainability, guide accounting operations
• Creating and maintaining a cash management plan on a weekly and monthly basis; ensuring the organization has sufficient cash in operating accounts to meet expense projections
• Ensure overall proper reporting and provide guidance on the development and dissemination of all project financial reports.
• Timely follow-up with partners for budget control and reporting
• Communicate clearly with partners when they need to provide necessary reports and feedback
• Receive partner’s information and incorporate it as necessary for reports to donors
• Coordinate any budget re-allocations with the regional finance team and ensure that budget totals are maintained across the region
• Responsible for budget monitoring of current projects and contacts to ensure that expenditure levels are within budgets and donations.

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Qualifications:

• BSc in Accounting, Finance or relevant field; MSc/MBA is a plus
• 10+ years of experience working with Profitable companies
• CPA, CMA, CIA preferred, or equivalent academic or work experience
• Outstanding professional and technical communication skills
• Expert-level knowledge of IFRS for profit organizations
• fund accounting experience a plus
• Extensive experience with Palestinian accounting tax
• Experience with tax provisions and tax calculations for profit operations is required
• Experience with implementing financial reporting processes and controls for large nonprofit organizations required
• Oracle cloud-based applications experience is a plus.

Skills:

• In depth knowledge of corporate financial law and risk management practices
• Strong leadership and organizational skills
• Excellent knowledge of data analysis and forecasting methods
• Exceptional verbal, written, and visual communication skills

If you are excited about these opportunities and believe you have the skills and experience, we are looking for, we encourage you to apply. Please submit your updated resume to [email protected] not later than November 21st,  2024 stating the name of the vacancy you are applying to in the title of the email