Finance Manager

Job Title:Finance Manager

Location: UAE, AE

Employment Type: 

Permanent

A leading provider of premium sanitary, tiles, kitchen, wardrobe, and furniture solutions, is seeking an experienced Finance Professional  to join our team as Finance Manager. The ideal candidate will have a minimum of 10 years of experience in finance and accounting, with strong analytical, technical, and leadership skills. Responsibilities

Financial Strategy and Planning:

• Develop and implement robust financial strategies that align with the company’s long-term objectives.
• Lead the budgeting process, ensuring that all departments have accurate and achievable financial plans.
• Forecast financial performance, adjusting strategies to accommodate changing market conditions and business needs.

Financial Analysis and Reporting:

• Conduct detailed financial analysis, including trend analysis, variance analysis, and scenario planning, to support strategic initiatives.
• Prepare comprehensive financial reports, including balance sheets, income statements, cash flow statements, and executive summaries.
• Present financial results to senior management, highlighting key insights, risks, and opportunities for improvement.

Accounting and Compliance:

• Manage day-to-day accounting operations, ensuring compliance with International Financial Reporting Standards (IFRS) and local regulations.
• Oversee the preparation of financial statements, ensuring accuracy and timely submission.
• Ensure all tax filings are accurate and submitted on time, maintaining compliance with relevant tax laws.

Financial Control:

• Implement and enforce stringent internal controls to safeguard company assets and prevent fraud.
• Conduct regular audits and financial reviews to identify and mitigate risks, ensuring operational efficiency.
• Develop and update financial policies and procedures to reflect best practices and regulatory changes.

Budgeting and Monitoring:

• Oversee the preparation of annual budgets, collaborating with department heads to ensure realistic targets.
• Continuously monitor budget adherence, identifying and addressing variances in a timely manner.
• Provide monthly and quarterly budget reviews, offering insights and recommendations to senior management to optimize resource allocation.

Commercial Agreements:

• Review and validate all commercial agreements, including contracts, purchase orders, and supplier invoices, ensuring they meet financial and legal standards.
• Provide financial advice during contract negotiations, securing favorable terms and minimizing financial risk.
• Monitor compliance with all contractual obligations, ensuring timely payments and receipts.

Regulatory Compliance:

• Ensure the company adheres to all financial regulations, including statutory reporting, tax compliance, and corporate governance standards.
• Coordinate with external auditors and regulatory bodies to address any issues, ensuring full compliance with all requirements.

Management Information Systems (MIS):

• Implement and maintain advanced MIS to provide real-time financial data and analytics to decision-makers.
• Ensure the accuracy, reliability, and security of financial data across all systems, facilitating data-driven decision-making.
• Customize reports to meet the specific needs of various stakeholders, providing clarity on financial performance and operational efficiency.

KPI Tracking and Sales Team Performance Monitoring:

• Develop and monitor key performance indicators (KPIs) for the finance department and the broader organization.
• Implement KPI tracking systems specifically for the sales team, analyzing performance data to identify trends, strengths, and areas for improvement.
• Collaborate with sales leadership to align financial goals with sales targets, providing financial insights that drive sales strategies and incentive programs

Team Leadership:

• Lead, mentor, and develop a team of finance professionals, fostering a culture of continuous learning and improvement.
• Conduct regular performance reviews, providing feedback and development plans to ensure the team achieves its full potential.
• Promote collaboration and knowledge sharing across the finance team and other departments, driving overall business success.

Qualifications

• Chartered Accountant , ACCA or equivalent qualification
• A minimum of 10 years of experience in finance and accounting, with a strong background in budgeting, financial analysis, and compliance.
• Strong proficiency in financial accounting software and ERP systems, such as SAP or Oracle.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments and with external Key customers
• Experience in the construction or retail industry is highly desirable.
• In-depth knowledge of International Financial Reporting Standards (IFRS).
• Knowledge of UAE Tax regulations and compliance requirements

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