Finance Manager

The Finance Manager will oversee all financial aspects of the business, driving financial planning, risk management, and providing strategic financial input to ensure the company's financial success. This role is critical in managing treasury functions, fixed assets, insurance, and tax compliance to support the company’s growth and operational efficiency.

Job Location: Dubai & Fujairah

• Must be able to commute between Dubai & Fujairah offices based on business needs. (Valid UAE Driving License with access to a personal vehicle).

Education:

• Bachelor’s degree in Finance, Accounting, or a related field (ACCA/CPA/CMA preferred).

Experience:

• 8+ years of experience in finance, procurement and treasury management roles, with a strong focus on the Medical Equipment Trading and Healthcare sectors.
• Strong knowledge of UAE financial regulations, tax laws, and accounting standards.
• Extensive experience in statutory and management reporting, ensuring compliance and providing insights for decision-making.
• Proven expertise in cash flow management, risk assessment, and investment strategies.
• Experience managing fixed assets, insurance, and treasury functions.
• Excellent analytical skills with proficiency in financial forecasting and budgeting.
• Advanced knowledge of financial software and ERP systems (e.g., SAP, Oracle, Sage X3).

Key Roles & Responsibilities:

1. Treasury Management:

• Cash Flow Management: Monitor and manage the company's cash inflows and outflows to maintain optimal liquidity. Develop and maintain accurate cash flow forecasts.
• Cash Flow Performance Analysis: Analyze actual cash flows versus budgeted projections, provide explanations for variances, and recommend corrective actions to mitigate discrepancies.
• Risk Management: Identify, assess, and mitigate financial risks such as interest rate, foreign exchange, and credit risks.
• Liquidity Management: Ensure the company has sufficient cash reserves and short-term investments to meet financial obligations.
• Funding and Capital Structure Management: Manage the company’s mix of debt and equity financing, oversee capital raising efforts, and optimize the cost of capital.
• Investment Management: Strategically invest surplus cash while balancing risk, return, and liquidity requirements.
• Bank Relationship Management: Maintain strong relationships with banks and financial institutions to secure favorable terms and services.
• Treasury Software Development: Oversee the development and implementation of treasury management software to enhance treasury operations.

• Financial Statement Preparation and Management Reporting: Prepare and oversee the preparation of financial statements, ensuring accuracy and compliance with IFRS and other regulatory requirements. Generate timely weekly, monthly, quarterly, and annual management reports, providing insights into financial performance and trends.
• Accounting Operations Management: Manage day-to-day accounting activities, including accounts payable, accounts receivable, general ledger, and payroll. Oversee the accounts payable process, ensuring timely and accurate processing of invoices and payments. Manage accounts receivable processes, including invoicing, collections, and cash application. Monitor outstanding receivables and implement strategies to reduce overdue accounts.
• Budget Development and Performance Analysis: Collaborate with management to develop annual budgets and financial forecasts. Monitor budget performance, analyze variances, and provide actionable recommendations.
• Audit Coordination: Coordinate and support external audits, providing necessary documentation and responses to auditor inquiries, ensuring timely audit.
• Process Improvement Initiatives: Identify opportunities for process improvements within the accounting function and implement best practices to increase efficiency and accuracy.

• Asset Acquisition: Plan, select, and acquire fixed assets to support business operations.
• Asset Recording and Tracking: Maintain accurate records of all fixed assets, including identification, location, condition, and value.
• Depreciation and Valuation: Calculate and record depreciation, assess asset values, and ensure compliance with accounting standards.
• Asset Disposal and Retirement: Manage the disposal or retirement of assets no longer in use, following regulatory and company guidelines.
• Fixed Assets Count: Conduct periodic physical counts and reconciliation of fixed assets to verify their accuracy and existence.

• Risk Assessment: Identify risks and exposures faced by the company and recommend appropriate mitigation measures.
• Insurance Policy Selection and Procurement: Research, select, and procure insurance policies to cover identified risks adequately.
• Insurance Claims Management: Assist in preparing, submitting, and managing insurance claims efficiently.
• Policy Compliance and Renewals: Ensure compliance with insurance policy terms and manage periodic reviews and renewals of insurance policies.
• Insurance Risk Management: Implement loss prevention and risk reduction measures.
• Insurance Budgeting and Cost Management: Manage the insurance budget, optimize premiums, and control insurance-related expenses.

• Tax Planning: Strategically manage tax liabilities, optimize tax positions, and utilize tax incentives where available.
• Tax Compliance: Ensure compliance with local tax laws and regulations, including timely and accurate filing of tax returns.
• Tax Strategy Development: Formulate tax strategies that align with business objectives and legal requirements.
• Tax Audit Support: Assist with tax audits, provide relevant documentation, and respond to inquiries from tax authorities.
• Tax Reporting and Documentation: Maintain accurate tax records and documentation to support filings and compliance.
• Tax Efficiency and Optimization: Identify opportunities to minimize tax liabilities while ensuring legal compliance.
• Recovery of Tax Credit: Monitor recoverable VAT, collaborate with tax consultants, and ensure timely recovery of VAT credits.