Junior Finance Manager

Roles and Responsibilities

Financial Planning and Analysis

• Support the FP&A function with respect to an asset portfolio of over AED c. 1Bln (vehicle leasing, rental and lending).
• Preparation and Maintenance of Financial Models for Financial Services, Rental & Leasing entities for budgeting and forecasting activities. Support overseas Rental & Leasing entities during budgeting & forecasting exercises.
• Submission of budgets & forecasts in a timely manner in SAP & other modules like IFRP, BPC etc.
• Preparation of Business Plan: To ensure that a business plan is prepared for 3 year or 5 year periods for all the entities for fund-raising activities.
• Monthly Sales Target setting: To coordinate with the sales team in the monthly target setting process. To ensure that product penetration set is in line with budgeted or forecasted targets.
• Payplan review: Ensure that pay plan grids or slabs at brand level are reviewed on a periodic basis for B2B & B2C channels to track ITI% vis-à-vis budget or forecast.
• MIS reporting and Variance analysis: To prepare KPI analysis with respect to revenue streams of all the entities. To calculate/arrive at the revenue variance based on revenue components for all the entities.
• Monthly Dashboard & Scorecard: To prepare dashboard and scorecard highlighting key financial KPI’s variance vis-à-vis Budget/Forecast/Last year for monthly & periodic financials.
• Assist in Monthly Board presentation deck: Prepare and compile slides related to financial KPI’s for monthly board presentation.

Systems

• SAP Budget Upload module, SAP BPC, Auto IFRP.
• Tableau for detailed revenue analysis.
• Lead the system enhancement and implementation with new and proposed CRs and RFCs.
• Support in overall process improvement.

Governance and Process Improvement

• Overall governance of FP&A activity.
• Manage the target setting process.

Desired Candidate Profile

A Finance Manager is responsible for overseeing and managing the financial health of an organization. This role involves budgeting, forecasting, financial analysis, reporting, and ensuring compliance with financial regulations. Finance Managers play a critical role in helping organizations make informed financial decisions, manage risk, and drive profitability.

Here’s a comprehensive overview of the key responsibilities, skills, and qualifications for a Finance Manager:

Key Responsibilities of a Finance Manager:

1. Financial Planning and Analysis (FP&A)

• Budgeting: Develop and manage the company's annual budget, ensuring that financial goals and expenditures align with organizational objectives.
• Forecasting: Regularly forecast financial performance and cash flow projections to ensure the company remains on track to meet its financial goals.
• Financial Modeling: Build financial models to assess business performance, analyze potential investment opportunities, and support strategic decision-making.
• Variance Analysis: Monitor actual financial performance against budgets and forecasts, providing detailed variance analysis and recommendations to management.
• Scenario Analysis: Conduct scenario planning to assess how different variables (e.g., changes in interest rates, market conditions, or sales volume) will impact the company’s financial outcomes.

2. Financial Reporting

• Monthly/Quarterly Reporting: Prepare and present monthly, quarterly, and annual financial reports, including income statements, balance sheets, and cash flow statements, to senior management.
• Management Reports: Provide detailed financial analysis and insights to executives and department heads to support decision-making.
• Internal Reporting: Ensure that all internal financial reports are accurate, timely, and comply with company policies and regulatory standards.
• External Reporting: Ensure that the company’s financial statements are prepared in compliance with GAAP (Generally Accepted Accounting Principles) or IFRS (International Financial Reporting Standards), and that they are accurate for stakeholders like investors, auditors, and regulatory authorities.