Senior Finance Manager

Job description / Role

Main Responsibilities:

Working with the CEO on the strategic vision including existing and future Real Estate Development business.
Assess the benefits of all prospective contracts and advise the Executive Team.
Develop and maintain systems of internal controls to safeguard financial assets of the organization. Oversee the coordination and activities of independent auditors.
Ensure adequate cash flow to meet all projects that the organization needs.
Direct and coordinate budgeting and variance reporting process including: Oversee preparation of project budgets and annual company budgets.
Continuously monitor actual performance against the budgets.
Report variances on periodical basis.
Responsible for cash management and liaison with banks on day to day operations.
Oversee daily operations of the finance department including design, establish and maintain department structure to accomplish the department's goals and objectives.
Monitor and evaluate efficiency and effectiveness of department, identify opportunities for improvement, supervise implementation of changes.
Maintain Tender Bonds, Performance Bonds and Retention Bonds relating to all projects.
Develop annual Budgets / Business Plan for Finance and Admin department.
Develop, implement and communicate operational/administration strategies in line with Company Business Plans.
Ensure all staffing levels are met as per requirements of the company.
Coordinate with other Departments Heads to ensure that the financial management, planning, systems and controls for each Department is being implemented following signed off on the board approved budget.
Oversee monthly quarterly assessments and forecast of projects financial performance against budget, financial and operation goals.
Plan for and oversee the annual audit.
Train the Finance Unit and other staff on raising awareness and knowledge of financial management matters.
Manage all insurance policies.

Specific Responsibilities:

Handle all financial related correspondence and all contractual letters.
Assist in performing all tasks necessary to achieve the organization's mission and help execute staff succession and growth plans.
Coordinate with Banks on Escrow Account operation (payments and receipts) and loan related transactions.
Review and check all project payments to contractor, consultants, government authorities and marketing expenses.
Tracking of actual expenditures against budget.
Preparing monthly financials to Board of Directors of Joint Venture.
Coordinate with RERA/Dubai Land Department on Escrow Account operation as well as Oqood registration.
Maintaining Accounts Receivables for all sold units and supervise the collection.
Project Management reports as required by CEO.
Maintain internal control procedures of all project payments.
Liaise with External Auditors on year-end audit and be familiar with all IFRS relating to real estate development.
Manage the companys financial, accounting and budgeting functions.
Provide expert financial and commercial advice on business decisions to the CEO and executive team.
Coordinate the preparation of financial and business plans, budgets and forecasts, providing analysis of data and advice to the management team.
Serve as a partner to other members of the management team in developing and implementing solutions to their business challenges.
Oversee regular analysis and forecasting, quarterly closings and periodic financial reviews.
Maintain and build treasury/banking relationships.

Requirements

Desired Skills and Experience

Experience:

Knowledge of finance, accounting, budgeting, and cost control principles including IFRS.
Knowledge of automated financial and accounting reporting systems. Knowledge of federal and state financial regulations.
Ability to analyse financial data and prepare financial reports, statements and projections
Working knowledge of short and long term budgeting and forecasting, rolling budgets, and project profitability analysis.
Work requires professional written and verbal communication and interpersonal skills
Ability to motivate teams to produce quality materials within tight timeframes and simultaneously manage several projects.
Minimum 10+ years experience out of which 2+ years in a similar capacity in a local Real Estate Development company.

Technical / Administrative Skills

Development of project budgets and projections.
Accounting software and MIS.
MS office and other software.

General Skills:

Supervise and train staff, including organising, prioritising, and scheduling work assignments.
Analyse and interpret business requirements and to develop appropriate systems and solutions.
Develop and deliver presentations.

Knowledge of:

Familiar with contractor progress payment certificates as well as guarantees and bonds.
Familiar with Inter-company transactions of group company and the associate accounting treatments.
Real estate development sector practices, construction business dynamics, systems, and services.
Contractual awareness mainly construction and consultancy (FIDIC).
Governments and Banking authorities such as; RERA, DLD, Escrow and any law awareness.

Behavioural Skills:

Leadership and people management skills such as building effective teams, leading and motivating them to achieve high performance.
Good verbal and written communications skills.
Good planning and organising skills.
Attention to detail and quality.
Good customer service focus.
Good results orientation.
Good negotiation skills
Experience of managing significant supplier relationships, employees, etc.

Education Credentials:

An undergraduate degree in Accounting, Finance or Business
CPA/ACCA/ACA/CIMA or MBA.

APPLICANTS NEED TO HAVE CURRENT OR RECENT REAL ESTATE DEVELOPMENT EXPERIENCE TO BE CONSIDERED

Salary on offer: 35,000 AED - 45,000 AED plus standard company benefits.

About the Company

Inspire Selection is an award winning recruitment agency, headquartered in Dubai which recruits across the Middle East region. We employ highly knowledgeable, professional consultants who are experts in connecting the right people with the right opportunities. Our reputation has been built upon our honesty, integrity and our ability to source candidates of the highest calibre right across our specialist sectors. As a result, we are recruitment partners to a wide spectrum of organisations - from leading blue chip companies to smaller, local businesses. Sectors we cover include HR, Administration, Finance & Accounting, Legal, Sales & Marketing including Digital Marketing, IT, Oil/Gas/Energy, Engineering, Procurement, Manufacturing, Higher Education.