Ratarious Management (www.ratariousmanagement.eu ), the leading company as consulting Firm, operating in Cyprus and 104 countries globally, is seeking on behalf of our client (Medical Equipment and Devices) a
FINANCIAL CONTROLER
(FC 999795NI)-NICOSIA
The Financial Controller is responsible for ensuring the accuracy, integrity, and compliance of all financial records of the company. This role oversees daily accounting operations, implements financial controls, ensures compliance with regulatory and internal policies, and provides reliable financial data to support decision-making.
2. Key Responsibilities
A. Accounting & Financial Reporting
– Oversee all daily accounting operations (AR, AP, GL, bank reconciliations).
– Ensure timely and accurate month-end, quarter-end, and year-end closings.
– Prepare financial statements in accordance with applicable accounting standards.
– Maintain accurate records of imported goods, landed cost calculations, customs duties, freight expenses, and stock valuation.
– Monitor correct revenue recognition, especially for reagent contracts or service agreements.
B. Financial Controls & Compliance
– Implement and maintain strong internal financial controls across all departments.
– Ensure compliance with company policies, local tax laws, and audit requirements.
– Maintain documentation integrity (invoices, delivery notes, service reports, supplier documentation).
– Coordinate with external auditors and prepare audit files.
– Ensure compliance with requirements related to medical device financial documentation.
C. Accounts Receivable & Credit Control
– Monitor outstanding debts and ensure timely customer collections.
– Work with Sales to enforce credit limits and payment terms.
– Prepare aging analyses and follow-up reports.
– Reduce overdue balances through structured follow-up and escalation procedures.
D. Accounts Payable & Supplier Management
– Ensure timely and accurate processing of supplier invoices.
– Reconcile supplier statements and resolve discrepancies.
– Work with Purchasing and Logistics to verify receipt of goods and services.
– Prepare payment runs according to cash flow priorities set by the Financial Manager.
E. Inventory & Cost Accounting
– Maintain accurate stock valuation using FIFO/FEFO principles.
– Reconcile physical inventory counts with system records.
– Ensure accuracy of landed cost, currency exchange, expiry management, and write-offs.
– Analyse inventory movements, slow-moving stock, and expiry risks.
– Support the Operations Manager by providing cost-related inventory analysis.
F. Budgeting & Forecasting Support
– Provide accurate historical financial data to assist with forecasting.
– Support the Financial Manager in budget preparation by supplying cost trends and variances.
– Monitor and report on budget vs. actual performance.
G. Financial Analysis
– Prepare cost analyses (transportation, warehousing, technical service, etc.).
– Analyse profitability by product line, instrument category, customer group, or tender.
– Identify deviations, anomalies, and cost overruns.
H. Internal Coordination
– Collaborate with Operations for stock accuracy, landed cost, and inventory cycle counts.
– Support Sales with credit control, pricing consistency, and invoicing corrections.
– Coordinate with Logistics & Order Entry for invoice matching and delivery documentation.
– Work with Technical Department on recording service-related expenses.
– Support Purchasing for supplier invoice validations and cost accuracy.
3. Qualifications & Skills
Education
– Bachelor’s Degree in Accounting, Finance, or related field (required).
– Professional certification (ACCA, CPA, or equivalent) is an advantage.
Experience
– 5+ years of experience in accounting or financial control.
– Experience in distribution, medical devices, pharmaceuticals, or similar regulated industries is highly preferred.
– Experience with ERP systems, inventory modules, and cost accounting.
Technical Skills
– Strong knowledge of accounting standards and financial controls.
– Excellent understanding of inventory accounting and landed-cost calculations.
– Advanced Excel skills (pivot tables, financial formulas).
– Familiarity with auditing processes.
Soft Skills
– High attention to detail and accuracy.
– Strong analytical and problem-solving skills.
– Excellent communication skills across departments.
– Ability to work under pressure and manage tight deadlines.
– Integrity, confidentiality, and professionalism.
4. Key Performance Indicators (KPIs)
– Accuracy and timeliness of monthly financial reporting.
– Level of overdue receivables.
– Inventory reconciliation accuracy (variance %).
– Timeliness and accuracy of supplier payments and reconciliations.
– Audit findings (number and severity).
– Compliance with internal controls and procedures.
Remuneration – Benefits:
-3.000€- 3.500€ Gross salary (based on previous experience)
-13th salaries
-21 days of annual leave
-Work Monday – Friday
-Opportunities for advancement & participation in training programs
If you are interested in this position, please send your CV to hr@ratariousmanagement.eu
Feel free to share this opportunity with a colleague who may not be aware of the opening.
All applications will be treated as confidential.