Ref: HP647-1535

Job description / Role

Employment: Full Time

Our client, a leading manufacturing company is currently recruiting for a Head of Finance. This position is located in Abu Dhabi.

JOB PURPOSE:
Responsible for formulating, presenting and monitoring the annual budget and quarterly forecasts of the facility by undertaking short and long term operating expense and capital cost budgeting through data based on statistical studies and analyses of past and current years. Assisting management in financial decision making by monitoring budgets and providing variance reports that can be acted upon by the senior management and assisting the departments/sections to make efficient use of resources. Also responsible for cost accounting and cost allocation to accurate cost centers so as to analyze expenditures and variances. Additionally, has prime responsibility for tracking of capital expenditures versus the approved budget and issuing appropriate reports and analyses in that regard.

NATURE & SCOPE:
- Supporting the development of policies and procedures for the organization
- Defining companys financial planning and budgeting process and designing resulting financial plans and budgets
- Establishing strategic plan for the department
- Developing systems and internal processes as required
- Coordinating and participating in reviewing the policies and procedures on a regular basis
- Mentoring the departments/sections in budget preparation by explaining budget requirements, budget processes and budget guidelines
- Designing budget control reports that require continuous comparison of actual performance with predicted budgetary performance
- Revisions of budgets with changing circumstances. Ensuring the smooth working of the department/section
- Providing expert advice to the finance department/section on matters concerning budgets
- Supervising the circulation of the approved budget to each department/section, along with the necessary details and providing advice and guidance on budget allocation
- Coordinating with purchasing/materials management/supply chain department/section for the approval of expenditure
- Monitoring and controlling the capital expenditure as per management guidelines
- Liaising with internal and external auditors as and when required.
- Preparing the annual budget of the Organization.
- Initiating, coordinating, and monitoring the annual budget preparation process in the company.
- Interacting with all functions to get inputs on budget and preparation of financial reports and forecasts
- Reviewing, monitoring and analyzing the reasonableness and accuracy of budgetary requests and recommending appropriate usage of resources
- Monitoring and evaluating compliance with budgetary restrictions
- Preparing forecasts, projections, trends, revenues and cost analysis
- Preparing budget presentation for senior management.
- Coordinating the publication of the actual budget document for the concerned departments/sections.
- Monitoring and Reporting
- Providing advice to the departments/sections about the approved budget to ensure that the agreed budgets are understood
- Assisting in the monthly and quarterly financial analysis to determine significant budget variances
- Preparing ad hoc reports, budget scenarios and related reports for reference of the management
- Supervising the compilation and submission of information on expenditure and other related details in order to help departments/sections for proper expenditures control and future budget preparation all year round.
- Allocating costs to appropriate cost centers
- Advising on allocation of costs to each department/section and analyzing departmental/sectional performances with respect to return measures
- Providing cost analysis/ data to management in the form of reports as and when required. Maintaining and issuing CapEx reports.
- Working closely with Procurement and Accounting, issuing reports detailing status of CapEx expenditures and commitments in comparison to the approved CapEx budget
- Issuing forecasts on CapEx capitalization schedules and cash payments, as requested
- Anticipating management requirements and supervising the subordinates in preparing the necessary formats/reports.
- Discussing with senior management about information/requirements to meet business needs
- Preparing feasibility studies on new projects/new lines of activities
- Performing other similar or related duties as and when assigned including assisting internal and external auditors as and when required
- Checking workload, performance management, day to day supervision, training and orientation of the staff.
- Managing the team
- Planning and supervising the day to day activities of the department/section; streamlining processes wherever possible
- Evaluating workload, conducting performance evaluation and initiating necessary disciplinary actions
- Providing on the job training and orienting the team during course of work
- Supporting the identification of the training requirements of the team and communicating the same for the benefit of the training department/section.
- Ensuring good customer service in the department/section.
- Communicating effectively the budget philosophy of the facility to the current employees
- Answering department/section queries and concerns at the facility regarding compliance and regulations to be followed for budgets
- Maintaining collaborative and effective relationships with other key management personnel and keeping abreast of significant economic, social and technical trends, and regulatory guidelines which may influence assigned services

WORKING ENVIRONMENT
- Normal office setting.
- Occasional clerical and deep dive workwhatever it takes in recognition of start-up environment.
- Inflexible, tight deadlines and continuous schedule of activity.

Requirements

- Bachelor's degree or equivalent & Master's degree in Accounting / Finance / Commerce / or relevant field with 8-10 years of experience.
- Recognized accountancy qualification such as CMA, CPA, ACCA, ACA, CA, CFA or equivalent.
- Experience working with manufacturing companies is preferred.
- Knowledge/ work experience in Shipping & Logistics industry is desired but not mandatory.
- General knowledge of ERP Systems and sound knowledge of accounting software, such as Quickbooks, Peach tree etc.
- Knowledge of automated financial and accounting reporting systems.
- Knowledge of government financial regulations.

About the Company

We lead in the creation and delivery of innovative workforce solutions and services that enable our clients to win in the changing world of work.

ManpowerGroup powers the success of many of the world's most dynamic organizations. We deliver innovative workforce solutions that enhance competitiveness, increase efficiency and spur productivity. Combining global reach with local expertise - 3600 offices in over 80 countries - we know the changing world of work and bring a deep understanding of the companies we work for and the industries we service.

ManpowerGroup entered the Middle East in December 2007 after acquiring local company Clarendon Parker, thus bringing 15 years in-depth local knowledge combined with a global footprint and industry shaping expertise and thought leadership. Manpower Middle East supports clients in the Middle East and North Africa regions. Our business is aligned to key skill specializations to ensure our clients requirements are met by expert and knowledgeable consultants that understand your industry and role requirement.

Our consultants are experts in finding the right talent across all industries in a broad-range of occupations including:

  • IT & Telecommunications
  • Engineering & Construction, Oil & Gas
  • Banking, Finance & Legal
  • Sales & Business Development
  • Marketing, Public Relations & Communications
  • Human Resources & Training
  • Customer & Support Services (Secretarial and Administrative)
  • Operational, Supply Chain & Logistics
  • Executive Recruitment
  • Emiratization Solutions
  • Recruitment Program Outsourcing Solutions
  • Managed Service Provider Solutions
  • Talent Based Outsourcing Solutions
  • Outsourced Staffing Solutions

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Field Engineer salaries in Oman

Average monthly compensation
OMR 1,700

Breakdown available for industries, cities and years of experience