Accounting And Finance jobs in United Arab Emirates

Position Summary

The Finance Manager will be responsible for overseeing the management of the day-to-day operations of all accounting and finance activities within the branch through effective fund management, and appropriate control structures to maximize returns and minimize risks. He/she will also engage in financial analysis in areas such as forecasting, budgeting, and initiating cost reduction analysis to optimize profitability and the operational performance of the branch and Group.

Key Position Accountabilities

The Finance Manager is responsible and accountable for (but not limited to) the following:

• Monitor the compilation of the management and statutory accounts, balance sheet & intercompany reconciliations, and profit & loss accounts to provide financial analysis to management on key performance indicators, budgets, financial statements, and branch profitability in order to drive strategic planning.
• Identify and implement measures to monitor and control cost drivers as well as develop operational analysis models and control charts to enable continuous improvement and ongoing development of the business.
• Oversee the various functions within Finance, such as accounts receivables and payables to review monthly accruals/prepayments and ensure the development of efficient procedures, internal controls, and use of resources while maintaining a high level of accuracy.
• Advise on the key strategic direction of the branch through providing monthly financial reports, cash flow reports, variance analysis and forecast projections, ensuring the management team is directed on the financial implications and consequences of business decisions.
• Evaluate the financial accounting, monitoring and reporting systems to identify areas of improvement and implement new procedures and features to enhance the workflow of the department, streamline processes and improve operational efficiencies.
• Develop financial management mechanisms that minimise financial risk while also conducting reviews and evaluations for cost-reduction opportunities to enable the formulation of strategic and long-term business plans in alignment with the branch as well as Group objectives.
• Set the accounting financial objectives through forecasting requirements, preparing an annual budget, scheduling expenditures, analyzing variances and initiating corrective actions to ensure spending alignment with budget and overall company goals.
• Oversee the achievement of accounting operational objectives through providing accounting information and recommendations to strategic plans and reviews, identifying key market trends and guiding internal departments through applying observations and recommendations to operational issues.
• Ensuring all accounting procedures are in compliance with audit requirements through understanding current and proposed legislation, enforcing accounting regulations and recommending new procedures as and when necessary.
• Maintain accounting controls by establishing a chart of accounts, defining accounting policies and procedures to ensure alignment with company policy and accepted accounting practices.
• Lead the financial team through monitoring, appraising and reviewing individual job contributions while planning compensation actions to ensure an effective and efficient team is in place to achieve the objectives and goals of the department as well as the overall organization.
• Ensure that all activities are carried out in accordance with the company’s Quality, Health, Safety & Environment (QHSE) and Ethics & Compliance policies.
• Perform any other assignments or responsibilities as requested by the Managing Director.

Education, Experience, Training and Special Skills

• Bachelor’s degree in Business Administration with a specialization in Finance & Accounting.
• Internationally recognized Professional Accounting Qualification.
• 8-10 years of professional experience in a finance-related role with 5 years in a managerial position.
• Big 4 experience is preferred but not mandatory.
• Proactive leader who consistently demonstrates initiative, problem solving and decision making skills.
• Excellent analytical skills with ability to interpret strategic data, error check and reconcile own work, and design analysis or models to answer specific questions.
• Organized and detail-oriented approach with strong attention to detail and have the drive to ensure accuracy.
• Strong interpersonal and communication skills; experience in effectively communicating key data, including presentations to senior management, board or external stakeholders.
• Ability to translate complex financial concepts to individuals at all levels, including finance and non-finance managers.
• Excellent communication, listening, and influence skills.
• Ability to establish and maintain strong business partnerships cross-functionally to promote teamwork and organizational alignment.
• Work effectively under pressure whilst dealing with multiple tasks and deadlines in a fast-paced and rapidly changing environment.
• Experienced MS Office user (Word, Excel, PowerPoint, Visio & Outlook) with experience working with ERP systems – strong computer skills are mandatory.