Finance Manager

Job description / Role

Job Purpose

- Provide support and advice to Management over all financial matters

- Ensure control and compliance of procedures and schedule of authority

- Maintenance of accounts and company assets

- Finance advice & support to unit head and line managers to meet Finance needs & objectives at the unit level and UAE level in an effective and efficient manner and building the capability of the Finance function.

- Lead the Finance Systems function by acting as custodian of Financial policies & procedures

- Ensuring statutory compliance & consistent implementation of Financial policies across the Group companies within the UAE.

- Lead the efficient running of the finance department.


Principle Accountabilities

- Reporting directly to KPME CFO

- Oversee the preparations of monthly accounts for the business unit.

- Consolidate and present performance details in accordance with contractual monthly timetables.

- Provide periodic (weekly/monthly) financial reports to operational managers /unit heads in sufficient detail to allow then to achieve thorough monitoring and budgetary control and to assist them in the implementation of control procedures.

- Ensure that all accounting entries are incorporated in the company accounts after they have been approved as per the schedule of authority.

- Preparation of annual audit and financial statements including managing the annual audit.

- Provide support service and advice on all financial matters to the company’s management, ie budgets preparation, forecasts, management reporting, MIS and all other financial and non financial reports and statements.

- Ensure that accounts are kept up to date to reflect all the transactions of the business, including all reconciliations with banks, debtors, inventory, creditors and group companies.

- Ensure all manufacturing control accounts all controlled and reconciled with the appropriate departments.

- Carry out inventory control function; like approval of orders, opening of L/Cs, costing and pricing, insurance, review of inventory aging etc, to ensure that laid down norms are observed.

- Prepare annual budgets for the business unit and monitor performance against them, reporting variances by exception and assisting in the continual re-forecasting process.

- Challenge budget and forecast assumptions to ensure that targets are rigorous and meet the needs of the contract and the business unit.

- Manage the effective input of site data to the accounting system to include purchase and sales invoices in addition to cash receipts for the business unit.

- The continuing development and implementation of financial control procedures consistent with the operation of the contract.

- Regularly review the business unit.

- Develop an effective working relationship with the financial team of the regions.

- Manage the monitoring and following up to ensure that payments are received on time.

- Manage the Capital Expenditure process on site for sign off by the CEO/CFO in accordance with company procedures.

- Delivery of key deadlines may require the job-holder to work over and above the standard hours, on occasion.

- Promote and maintain the Kansai Values.

- Team development and engagement.

- Capability development with respect to finance function.

- Risk mitigation and management of UAE.

- Maintain and strengthen existing banking relationship.

Key Performance Indicators:
• Accuracy of all reporting/ accounts
• Efficient controls and processes
• Providing quality service on financial matters
• Timely disbursements of payments and collections received when due
• Quality of recruitment of finance staff
• Adherence to Company policies
• Funds Management
• Competent and motivated finance staff
• Prudent management of budget variance reporting
• Effectiveness in resolving finance related issues across the GCC
• Smooth implementation of finance policies and procedures
• Policy and procedure definitions perceived as clear and unambiguous
• Lead the department to be a business enabler and a source of solutions
• Delivery on deadlines without follow up

Requirements

Knowledge, Skills and Experience:

• Qualified accountant ideally a Chartered Accountant.

• Knowledge and experience in International Accounting Standards.

• Good understanding of Company operations, businesses and processes.

• MUST have manufacturing experience

• Understanding of relevant UAE finance provisions.

• Experience in planning and implementing finance initiatives.

• General planning, organizing, prioritizing and system implementation skills. Communication and interpersonal skills.

• Computer proficiency advanced level, preferably with some exposure to AX Microsoft Dynamics and definite exposure to ERP solutions.

• 4-10 years work experience in the accounting function in medium to large size organization.

• Ability to define and set policies and procedures.

• High level of written and verbal communication. Effective organizing, planning and interpersonal skills.

• Must be proactive

• Must have experience of managing banking relationships

Key Competencies:

• Achievement Drive
• Proactive
• Analytical Thinking
• Building Relationships
• Conceptual Thinking
• Developing Potential
• Driving Performance
• Empathy
• Initiative
• Serving Customers
• Flexibility
• Influencing
• Team Working
• Problem Solving

About the Company

Established in 1918 by Katsujiro Iwai, Kansai Paint Co., Ltd. has grown into Japan’s largest and most progressive manufacturer of Decorative, Automotive, Industrial, Protective and Marine Coatings. Today, the company enjoys a well-established position as one of the world’s top ten paint manufacturers.

Our mission is to contribute to society by providing eco-friendly and value-added coating materials and services tailored to customer specifications. Some of our paints and coatings products are known to instill the surfaces they coat with special functionality. These features, driven by strong investment in research and innovation, are strongly acclaimed by our customers and have been earning Kansai Paint a reputation for exceptional reliability in a wide range of fields. In order to realize new innovations in coating materials, our management philosophy encourages employees to undertake new challenges and remain continuously engaged with our customers, so that collective wisdom and knowledge can enable the creation of new technologies, products and solutions.

With nearly 10,000 employees worldwide, and 41 operations across Asia, America, Europe and Africa, the various products provided by Kansai Paint and its Group companies are highly valued around the world. Our customers are based in Japan, Europe, the United States, Africa and Asian countries such as China, India and the Middle East, playing important roles in the protection and beautification of all types of products and merchandise.