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Job description / Role
Company Name
• Aravalli Capital
Job and The Company location
• Dubai International Financial Center (DIFC), Dubai, United Arab Emirates (UAE)
Reporting lines
• The Finance Officer (“FO”) reports directly to The Company’s Senior Executive Officer (“SEO”)
About The Company
• Aravalli Capital is in the process of incorporation at DIFC
• Aravalli Capital is expected to be a full-service Wealth Management firm in DIFC (regulated by DFSA) within 2021
• Aravalli Capital has a sister-company in mainland Dubai; all business of this Mainland company will be moved to Aravalli Capital by May upon incorporation.
About the role
• This role is required to be filled ASAP as it is a Regulatory role; however, we can work out the joining date per the candidate’s circumstances
• The role has three broad areas:
• Financial Management
• Regulatory filings and relationship with the regulators
• Overseeing Client Onboarding in coordination with the Compliance Officer
• Given it is a new entity that we hope to expand in coming years with already committed capital, it is a good opportunity for somebody young and ambitious to grow with the firm
• Most items in this job description are negotiable but Integrity and respect-for-the-team are not; we seek to hire genuinely nice people
Responsibilities
• The Finance Officer has the following ultimate responsibilities:
• Ensure the company’s capital resources are in compliance with its regulatory requirements at all times.
• Any (potential) breach must, without any delay, be reported to the Senior Executive Officer and the Compliance Officer.
• Development of strategic direction, goals, and objectives for all reporting sections within the Finance department ensuring that they align with the strategic plans of The Company
• Coordination of the preparation of management and statutory financial reports
• Ensure timely preparation of financial and statistical reports, business plans, business activity reports, financial position forecasts, annual budgets, and/or reports required by regulatory agencies including statutory audit and tax compliance
• Ensure the availability of funds at the right time in the right currency, and at an acceptable cost
• Manage financial and currency risks, and minimize financial exposures through prudent cash management
• The frequency of the reports prepared by the FO will be monthly management accounting and quarterly and annual EPRS returns
• Maintain knowledge and understanding of the applicable financial and regulatory reporting requirements
Compensation
• AED 300,000 (approximately USD 82,000) per year; there is no Income Tax in Dubai or U.A.E.
• Healthcare insurance
• Any other benefit as required by DIFC including but not limited 30 days paid vacation, flights to home country amongst others
Salary:
AED
25,000
per month inclusive of fixed allowances.
Additional benefits: Health Insurance, 30 days vacation
Requirements
Competencies
• Expert-level knowledge of Accounting
• General awareness of regulatory functions
• Demonstrated professional excellence
• 5 to 10 years of work experience
Educational requirements
• Degree in Accounting, Economics, Finance or any other quantitative field
• Certified Public Accountant / Chartered Accountant or any advanced Finance Degree
• Good to have but not required
Knowledge of drafting, implementing, and maintaining the following documents:
• Risk Management Procedures
• Risk Assessment Matrix
• Internal Risk Assessment Process Report (annually)
• Knowledge of Mandarin and/or experience of Mainland China
• Knowledge of statistical tools for data analysis
• Financial Modelling
About the Company
A leading company in UAE.