3 Job Vacancies at Elsewedy Electric

1. Job title: Costing Section Head 

Department: Finance

Company: Elsewedy Electric

Job Purpose: 

Overseeing the organization’s cost management processes, ensuring accurate financial reporting and analysis of costs  associated with products and services, developing and implementing cost control strategies, preparing detailed budgets,  and providing insights to support strategic decision-making. collaborates with cross-functional teams to optimize  profitability, improve operational efficiency, and maintain compliance with financial regulations.

Key Accountabilities 

• Cost Analysis: Evaluate and analyze cost data to identify trends, variances, and opportunities for improvement.
• Budget Development: Prepare and manage departmental budgets, ensuring alignment with overall business  objectives.
• Reporting: Generate and present financial reports on cost performance to senior management.
• Cost Control: Implement cost control measures to monitor expenditures and maximize resource utilization.
• Collaboration: Work closely with production, procurement, and finance teams to assess and refine cost  structures.
• Compliance: Ensure compliance with relevant accounting standards and regulatory requirements.
• Process Improvement: Identify and implement process improvements to enhance efficiency in cost tracking and  reporting.
• Processing & Warehousing control: involves overseeing and optimizing the financial aspects related to the  storage and handling of goods within a warehouse (Cost Tracking, Budgeting and Forecasting, Inventory  Valuation, Efficiency Analysis, Performance Metrics, Cost Reduction Strategies, …etc.)
• Pricing and profitability control: ensuring that products are priced appropriately and that the organization  maintains healthy profit margins (Cost Analysis, Pricing Strategy, Profit Margin Monitoring, Sales and Profitability  Forecasting, Promotional Pricing Analysis, Performance Metrics, Cross-Functional Collaboration, Continuous  Improvement, …etc.)

Desired Outcomes 

• Enhanced accuracy and reliability of cost data.
• Improved profitability through effective cost management.
• Increased efficiency in budgeting and forecasting processes.
• Strategic insights that drive informed decision-making.

Personal Skills 

• Communication Skills: Excellent verbal and written communication to convey complex financial concepts to  non-financial stakeholders.
• Leadership: Capability to lead and mentor junior staff, promoting a culture of continuous improvement.
• Critical Thinking: Capacity to evaluate situations objectively and make informed decisions that align with  business goals.
• Negotiation Skills: Proficiency in negotiating cost agreements with related parties and stakeholders to optimize  expenses.
• Time Management: Strong organizational skills to manage multiple projects and deadlines efficiently.
• Problem-Solving: Proactive approach to identifying issues and developing effective solutions.
•  Attention to Detail: Strong focus on accuracy, ensuring precise financial reporting and analysis.
•  Team Collaboration: Ability to work effectively with cross-functional teams, fostering a collaborative  environment.

Qualification & Education: 

• Bachelor’s degree Finance/commerce/Accounting in or a relevant discipline.
• From 7 to 10 years of experience in a business field /CPA or ACCA will be an added advantage.
•  Experience in factory and operational environments, not in trade companies.
• Good in Microsoft Office suite.
• Highly skilled and proficient in Excel and PowerPoint, with extensive experience in creating impactful monthly  presentations.
• Business fluency in English.

2. Job title: Taxes and Reporting Section Head 

Department: Finance

Job Purpose: 

The Taxes and Reporting Section Head is responsible for overseeing the organization’s tax compliance and reporting  functions. This role ensures adherence to local and international tax regulations, optimizes tax strategies, and provides  accurate financial reporting. The Section Head will lead a team in preparing tax returns, managing audits, and  developing tax policies that align with the company’s financial objectives. By collaborating with internal and external  stakeholders, this position aims to mitigate tax risks, enhance operational efficiency, and support informed decision making.

Key Accountabilities 

• Tax Compliance: Ensure timely and accurate preparation and filing of all local, state, and federal tax returns in  accordance with applicable laws and regulations.
• Tax Strategy Development: Develop and implement effective tax strategies that minimize tax liabilities while  ensuring compliance with legal requirements.
• Financial Reporting: Oversee the preparation and accuracy of tax-related financial statements and disclosures in  alignment with accounting standards.
• Team Leadership: Manage and mentor a team of tax professionals, providing guidance on complex tax issues  and fostering a culture of continuous improvement.
• Audit Management: Coordinate and manage tax audits, working closely with external auditors and tax  authorities to address inquiries and resolve issues.
• Risk Management: Identify and assess tax risks and develop strategies to mitigate these risks effectively.
• Policy Development: Establish and maintain tax policies and procedures to ensure consistent and compliant  practices across the organization.
• Stakeholder Collaboration: Collaborate with finance, accounting, and legal teams to provide insights and  recommendations on tax implications of business decisions.
• Research and Analysis: Stay updated on tax laws and regulations, conducting thorough research and analysis to  inform tax planning and compliance efforts.
• Training and Development: Provide training and support to internal stakeholders on tax-related matters to  enhance understanding and compliance.

Desired Outcomes 

• Timely Compliance: Achieve 100% compliance with tax filing deadlines, reducing the risk of penalties and  interest due to late submissions.
• Accurate Financial Reporting: Ensure that all tax-related financial statements and disclosures are accurate,  complete, and in accordance with applicable accounting standards.
• Minimized Tax Liabilities: Successfully implement tax strategies that result in measurable reductions in overall  tax liabilities, contributing to the organization’s bottom line.
• Effective Audit Management: Manage tax audits efficiently, with a goal of resolving issues with minimal  disruptions and achieving favorable outcomes.
• Reduced Tax Risks: Identify and mitigate potential tax risks, resulting in a more robust tax compliance  framework that protects the organization.
• Team Development: Foster a highly skilled and knowledgeable tax team, resulting in improved performance and  employee engagement scores.
• Stakeholder Satisfaction: Enhance collaboration with internal stakeholders, leading to increased satisfaction  regarding tax advisory support and insights.
• Policy Implementation: Develop and implement clear tax policies and procedures that are adhered to across the  organization, ensuring consistency and compliance.
• Up-to-date Knowledge Base: Maintain a comprehensive understanding of current tax laws and regulations,  leading to proactive adjustments in tax strategies as needed.
• Continuous Improvement: Establish a culture of continuous improvement within the tax function, resulting in  streamlined processes and increased efficiency in tax compliance and reporting activities.
• Strong Financial Controls: Implementation of effective internal controls to safeguard the organization’s assets  and ensure accurate financial data

Personal Skills 

• Analytical Thinking: Strong analytical skills to interpret complex tax laws, financial data, and reports, enabling  informed decision-making.
• Attention to Detail: A meticulous approach to ensure accuracy in tax filings and financial reporting, reducing the  risk of errors and compliance issues.
• Leadership and Management: Ability to lead and mentor a team, fostering collaboration and driving  performance to achieve departmental goals.
• Communication Skills: Excellent verbal and written communication skills to effectively convey tax-related  concepts and strategies to stakeholders at all levels.
• Problem-Solving: Strong problem-solving abilities to identify issues, analyze alternatives, and develop effective  solutions in a timely manner.
• Time Management: Effective prioritization and time management skills to meet tight deadlines, especially  during peak filing periods or audits.
• Adaptability: Flexibility to navigate changing tax regulations and business environments, adjusting strategies as  necessary.
• Interpersonal Skills: Ability to build and maintain relationships with internal stakeholders, external auditors, and  tax authorities to facilitate smooth interactions.
• Ethical Judgment: Strong sense of ethics and integrity to ensure compliance and make decisions that align with  the organization’s values and legal standards.
• Strategic Thinking: Capacity to think strategically about tax implications in business decisions and long-term  financial planning.

Qualification & Education: 

• Bachelor’s degree Finance/commerce/Accounting in or a relevant discipline.
• From 7 to 10 years of experience in a business field
• CPA, ACCA or CTA
• Work with one from the “Big Four” audit firms. (KPMG, PWC, EY, Deloitte)
• Good in Microsoft Office suite.
• Highly skilled and proficient in Excel and PowerPoint, with extensive experience in creating impactful monthly  presentations.
• Business fluency in English.

3. Position: Trade Finance Section Head 

Department: Finance

Company: Elsewedy Electric

Job Purpose: 

The Trade Finance section head is responsible for overseeing and managing the organization’s trade finance operations.  This role involves facilitating international trade transactions, mitigating risks associated with cross-border trade, and  ensuring compliance with regulatory requirements. He will work closely with internal stakeholders, clients, and financial  institutions to develop trade finance solutions that support business objectives, optimize cash flow, and enhance the  company’s competitive position in the global market. Key responsibilities include structuring financing solutions,  managing letters of credit, and providing guidance on trade regulations and practices. The Trade Finance section head  will also analyze market trends, monitor trade finance performance, and contribute to strategic decision-making to drive  growth and profitability.

Key Accountabilities 

• Trade Finance Operations Management: Oversee and streamline all trade finance operations,  including letters of credit, documentary collections, and bank guarantees.
• Risk Assessment: Identify and mitigate risks associated with international trade transactions, ensuring  compliance with legal and regulatory requirements.
• Client Relationship Management: Build and maintain strong relationships with clients, banks, and  financial institutions to facilitate smooth trade transactions.
• Financial Structuring: Develop and implement trade finance solutions tailored to the needs of clients,  optimizing cash flow and working capital.
• Market Analysis: Monitor global trade trends and market conditions to inform strategic decision making and enhance service offerings.
• Regulatory Compliance: Ensure all trade finance activities comply with international trade regulations  and internal policies.
• Cross-Functional Collaboration: Collaborate with internal departments, such as sales, logistics, and  legal, to support trade transactions and resolve any issues.
• Performance Monitoring: Track and analyze the performance of trade finance activities, providing  regular reports and recommendations for improvement.
• Training and Development: Mentor and train team members on trade finance processes, best practices,  and compliance requirements.
• Strategic Planning: Contribute to the development of the organization’s trade finance strategy,  identifying opportunities for growth and innovation.

Desired Outcomes 

• Efficient Transaction Processing: Achieve timely and accurate processing of trade finance  transactions, minimizing delays and errors.
• Risk Reduction: Successfully identify and mitigate risks associated with international trade, leading to a  decrease in transaction-related losses.
• Enhanced Client Satisfaction: Foster strong relationships with clients, resulting in high levels of  satisfaction and repeat business.
• Optimized Cash Flow: Implement trade finance solutions that significantly improve working capital  and cash flow for the organization and its clients.
• Regulatory Compliance: Maintain a 100% compliance rate with all relevant trade regulations and  internal policies.
• Informed Decision-Making: Provide actionable insights from market analysis that guide strategic  decisions and enhance competitive positioning.
• Team Development: Cultivate a skilled and knowledgeable trade finance team, evidenced by improved  performance and reduced turnover.
• Performance Improvement: Establish key performance indicators (KPIs) for trade finance activities,  with a goal of continuous improvement in operational efficiency.
• Innovation in Solutions: Introduce new trade finance products or services that meet evolving client  needs and drive revenue growth.
• Strategic Contribution: Play a key role in the organization’s strategic planning, leading to enhanced  business opportunities and market expansion.

Personal Skills 

• Analytical Skills: Ability to assess complex financial data and trade regulations to make informed  decisions.
• Communication Skills: Strong verbal and written communication skills for effectively conveying  information to clients, stakeholders, and team members.
• Negotiation Skills: Proficiency in negotiating terms and conditions with clients and financial  institutions to secure favorable agreements.
• Problem-Solving Skills: Capability to identify issues and develop innovative solutions to overcome  challenges in trade finance transactions.
• Attention to Detail: Meticulousness in reviewing documents and processes to ensure accuracy and  compliance.
• Interpersonal Skills: Strong relationship-building skills to foster collaboration with clients and  colleagues across various departments.
• Adaptability: Flexibility to navigate changing market conditions and evolving regulatory landscapes. • Organizational Skills: Ability to manage multiple projects and priorities effectively while meeting  deadlines.
• Cultural Awareness: Understanding of diverse cultural practices and norms to facilitate international  trade relations.
• Leadership Skills: Capability to lead and inspire a team, providing guidance and support for their  professional development.

Qualification & Education: 

• Bachelor’s degree Finance/ business administration/ecommerce/Accounting in or a relevant discipline. • From 7 to 10 years of experience in a business field
• CTFP, CITP or CITF
• Experience in trade finance, banking, or international business, with a proven track record of managing trade  transactions.
• Good in Microsoft Office suite.
• Highly skilled and proficient in Excel and PowerPoint, with extensive experience in creating impactful monthly  presentations.
• Business fluency in English.

Apply Through: d.offen@elsewedy.com 

Deadline : 29th October 2024.