Finance Manager

Alwan Tex | Egypt

Alwan Tex is a growing company specialized in cotton textile and fabric manufacturing, with an integrated production process covering yarn, weaving, dyeing, finishing, warehousing, and sales.

We are looking for an experienced and hands-on Financial Manager to lead the company's finance and accounting function, manage the existing accounting team, ensure accurate financial reporting, and establish strong financial controls and processes.

Key ResponsibilitiesFinancial & Accounting Management

• Manage and oversee all accounting and financial activities of the company.

• Lead and supervise the existing accounting team.

• Ensure accurate and timely recording of all financial transactions.

• Review and approve accounting entries, reconciliations, and financial records.

• Prepare monthly, quarterly, and annual financial reports.

• Ensure proper closing of monthly and annual accounts.

• Maintain strong internal financial controls and accounting procedures.

• Ensure compliance with applicable accounting standards, tax regulations, and legal requirements.

Cost Accounting & Manufacturing

• Develop and maintain an effective cost accounting system for the company's textile operations.

• Calculate and analyze product costs across the production process, including yarn, weaving, dyeing, and finishing.

• Monitor manufacturing costs and identify cost variances.

• Analyze Actual vs. Standard/Budgeted Costs.

• Support management in pricing and profitability decisions.

• Analyze product profitability and contribution margins.

• Monitor production-related expenses and overhead allocation.

• Provide management with financial insights to support operational and production decisions.

Accounts Receivable & Customers

• Manage customer accounts and accounts receivable.

• Monitor customer balances, credit limits, and payment terms.

• Follow up on outstanding receivables and overdue payments.

• Prepare aging reports and cash collection forecasts.

• Ensure accurate recording and reconciliation of customer accounts.

Accounts Payable & Suppliers

• Manage supplier accounts and accounts payable.

• Review supplier invoices and payment requests.

• Ensure accurate reconciliation of supplier balances.

• Monitor payment schedules and cash requirements.

• Coordinate with Procurement and other departments regarding supplier payments.

Cash Flow & Financial Planning

• Prepare and monitor cash flow forecasts.

• Manage daily cash positions and liquidity requirements.

• Support budgeting and financial planning activities.

• Monitor actual performance against budget.

• Provide management with financial analysis and recommendations.

Team Management

• Lead, supervise, and develop the existing accounting team.

• Assign responsibilities and monitor team performance.

• Review team output and ensure accuracy and compliance.

• Identify process gaps and implement improvements.

• Establish clear accounting procedures and responsibilities.

Requirements

Requirements

• Bachelor's degree in accounting, Finance, or a related field.

• 8+ years of relevant experience, including experience in a managerial/supervisory accounting role.

• Strong experience in General Accounting, Cost Accounting, Accounts Receivable, Accounts Payable, and Financial Reporting.

• Previous experience in a manufacturing environment is highly preferred.

• Experience in the Textile, Fabric, Cotton, or related manufacturing industry is a strong advantage.

• Strong understanding of manufacturing cost structures and inventory accounting.

• Experience managing and developing an accounting team.

• Strong knowledge of budgeting, cash flow, financial analysis, and internal controls.

• Strong Excel skills and experience with ERP/accounting systems.

• Strong analytical and problem-solving skills.

• Excellent communication and leadership skills.

• Good command of English.