Finance Manager

Makeen Properties LLC is one of the UAE’s leading companies dedicated to the development of modern, sustainable real estate in the UAE. Makeen is highly committed to develop premium real estate and enriching the experience of living for residents by focusing on three core segments: real estate, services and hospitality.

Makeen Properties LLC is driven by its vision to go beyond the customer’s expectations.

We have developed and managed many units for different sectors across the UAE, with over than 3000 units, including a leasing portfolio of residential homes, Industrial warehouses, commercial offices and holiday homes.

The Finance Manager oversees the financial operations of Makeen Properties and its subsidiaries, ensuring compliance, financial integrity, and alignment with organizational objectives. This role involves managing budgeting, forecasting, accounting, treasury, and working capital while leading a shared finance team to optimize processes and implement systems for efficiency. The Finance Manager works closely with Business Head to evaluate investment opportunities, prepares financial models, and collaborates with senior leadership to drive informed decision-making, fostering a high-performance culture and supporting business growth.

Strategic Leadership:

• Develop and implement financial strategies aligned with the organization’s long-term objectives.
• Act as the primary finance liaison with Group Finance and senior stakeholders.
• Oversee budgeting, forecasting, and financial reporting to ensure alignment with business goals.

Operational Oversight:

• Ensure efficient functioning of the shared finance team across Makeen Properties, Makeen Technical Services, and Sama Foundation.
• Enhance financial workflows and processes to improve efficiency and ensure regulatory compliance.
• Lead ERP system implementation and adoption (e.g., Yardi), driving process automation and data integrity.

Compliance and Governance:

• Ensure compliance with UAE financial regulations, including VAT, Corporate Tax, and assisting Legal and Leasing teams in meeting AML compliance requirements.
• Establish internal control systems to mitigate financial risks and maintain robust governance.
• Manage internal and external audits, ensuring timely and accurate submissions.

Investment Appraisal:

• Evaluate investment opportunities in collaboration with the General Manager and departmental heads.
• Prepare financial models for proposed investments, assessing KPIs and sensitivity analysis.
• Fully prepare and assist the General Manager in presenting investment proposals to the Investment Committee.

Treasury and Working Capital Management:

• Negotiate and manage loan agreements with financial institutions.
• Maintain banking relationships and oversee cash flow optimization.
• Implement cash management strategies to enhance liquidity and financial stability.
• Monitor working capital metrics, ensuring effective management of payables, receivables, and inventory.

Succession Planning and Team Leadership:

• Identify and mentor potential leaders within the finance team, fostering career development.
• Develop structured training programs in collaboration with HR and Group Finance to enhance team capabilities.
• Lead, mentor, and develop the finance team, promoting high performance and accountability.
• Ensure continuity in critical roles through robust succession plans.

Performance Monitoring and Reporting:

• Establish and monitor KPIs for the finance team to drive performance and efficiency.
• Ensure timely preparation of consolidated financial reports, including variance analysis and actionable insights.
• Present financial analysis and recommendations to senior management for informed decision-making.

Other Responsibilities:

• Serve as the lead contact for financial matters related to new projects, acquisitions, or business initiatives.
• Collaborate with cross-functional teams to address complex financial challenges and opportunities.

• Masters degree in Finance, or Business Administration.
• Professional qualification such as CIMA, ICAEW, ACCA, CPA, CMA, CA.

Experience

• Minimum: 3+ Years in managerial role
• Desired: 5+ Years in managerial role

Skills & Abilities

• Strong understanding of financial reporting, budgeting, and cash flow management.
• Proficiency in financial systems and tools (e.g., ERP systems like Oracle or Yardi).
• Excellent analytical and problem-solving skills.
• Strong leadership and team development abilities.
• Advanced proficiency in financial modeling and investment appraisal.
• Expertise in UAE VAT and Corporate Tax regulations
• Exceptional communication and stakeholder management skills.