| Department | Finance |
| Reporting Lines | Group Managing Director |
Job Purpose
Responsible to overview of company Financial Accounts and lead the Group Account/Finance Department.
Duties and Responsibilities
FINANCIAL REPORTING
Ensure the timely submission of accurate monthly financial reports to include:
- Profit and loss against the budget
- Balance Sheet and its reconciliation
- Reconciled intercompany transactions
- Timely Closing of the year-end financials complete with the reconciliation.
- Provide management with information and advices on any variances and trends observed
- Review the Wage report as to correctness of company code and Leave salary report as to the amount of provision
- Distribution of the monthly performance report for each of the business lines.
CASH POSITION
- Oversee the flow of cash on a daily basis and financial instruments. Manage cash flow to adequately fund operational needs.
- Preparation of Cash Collection on weekly basis
- Review of the Aging of Receivables and its circulation to the Department Heads highlighting the major concern.
AUDIT OF ACCOUNTS
- Provide information to internal and external auditors, on all aspects of the financial operations.
- Arrange for audits of company accounts and meet with auditors to review audit
OPERATIONS
- Review of all corporate related payment transactions as to completeness of the supporting documentations and correctness of entries. Authorize the transactions in bank portal after review and then send an email request to all authorizers along with all supporting documentation. Release the transactions once approved whether its related to corporate account or other entities and notify the concerned parties.
- Assist in the requirements and queries of all departments/ business lines in all financial aspects of the business.
- Supervise the timely and accurate payments to vendors
- Ensure that commission, salary and other staff benefits are paid as per agreed schedule, final settlement is done after doing due diligence
- Reconcile the payroll upon receipt of the approval and reports/register from Human Department as to its correctness. Highlight any discrepancy noted in the report submission. Ensure release of the payroll on time and in line with the release date for the entire group.
- Review the VAT related reconciliation and VAT Returns before submission for approval
- Attend to Ad hoc requests from time to time.
BUDGET
- Plan, formulate and direct the work related to the preparation of budget.
- Update of Budget template with data as to revenue and direct costs as on the cut-off date and then distribution of the same to Department Heads to incorporate their projection/assumption.
- Summarize the manpower requirement submission complete with justification by the Department Heads.
- Consolidate the budget assumptions and after review, submit the consolidated budget for final review/approval.
- Prepare the Upload format
- For reforecast after a certain period, the same process as above will be followed.
- Closely monitor the budget as against the actual expenses
COMPLIANCE
- Continuous monitoring of the company’s compliance to tax requirement in order to minimize, if not eliminate, related risks that may give rise to tax penalties such as delayed filing of Tax Returns, late VAT remittance, erroneous reporting, noncompliance to FTA format, etc.
- Monitor the proper implementation of effective internal controls in all financial aspect of the operations as provided for by and in accordance with corporate standards.
- Review of procedures of Finance Department, which requires improvements, or any procedures, which consumes lot of time and energy.
- Timely resolution of accounting issues faced by Finance Department that cannot be resolved at the level of the Accountant.
Education, Skills & Experience
- Bachelor’s degree or higher in Finance or related field 5 – 7 years of relevant experience
- Qualified accountant (CIMA, ACCA, CPA)
- Fluency in Microsoft Office suite (Outlook, Excel, Word, PowerPoint, etc.)
- Detail-oriented and analytical
- Working as a Finance Manager for at least 3-4 years in UAE Real Estate is preferred.
- Able to deal simultaneously with multiple tasks.
- Logical, structured, methodical
- Able to cope under pressure.
- Flexible in approach to working hours and duties.
- Able to prioritize and highly focused quality.
Other Duties
This job description is not intended to be all-inclusive, therefore the Employee may be requested to perform all or some of the above duties and any other duties as and when required to meet the on-going needs of the Company. All Job Descriptions are subject a periodic review and changes as and when required.
