Our client, a leading Investment company, is currently looking for Finance Director (Real Estate) for their Abu Dhabi office. In this role, you will be responsible for:
• Assisting in overall financial planning and control of the group - Budgeting, Forecasting, Variance analysis, etc.
• Liaising with banks and other financial institutions for arranging leverages (for investments) / long term funds / project based finance requirements, etc.
• Managing Treasury function of the group
• Assisting management in the formulation of its overall strategic direction.
• Budgetary preparation and implementation of financial forecasting processes. Provide financial leadership Business Partner support and to function heads, peers and business unit leaders.
• Key business metrics and report on them to management.
• Developing new processes, procedures and systems to enhance the reporting, planning and forecasting
• Performing reviews on underperforming departments and product lines.
• Developing objectives while implementing strategies and managing plans, programs, and projects.
• Engaging in benchmarking studies to establish areas of potential operational improvement.
• Executing functional leadership to the Finance team and keep the organization's vision at the forefront of decision-making and demonstrate change leadership
• Formulating and developing financial policies which can significantly enhance performance and profitability.
• Interpreting the company's financial results to management and recommend improvement activities.
• Managing improvement of financial processes such as systems implementations, ensuring such systems support analytical, structured and controlled business practices.
• Manage site forecasting and planning processes including rolling forecasts of income statements, headcount and capital planning and inventory operation.
• Manage the capital budgeting process, based on constraint analysis and discounted cash flow analysis and create additional analyses and reports as requested by management
• Manage the company's budget, report to management on variances from the established budget, and the reasons for those.
• Obtain full explanations on variances, consolidating the data and presenting the forecast to the management team.
• Oversee the operations of the department.
• Prepare high quality financial analysis and management information for the Division including monthly management reports, and delivering presentations to the division management staff.
• Provide financial support in the development of strategic and commercial plans of the division.
• Provide financial advice to make sound business decisions recommending and implementing plans, procedures, policies, programs, and projects.
• Responsible for the financial plan and budgeting.
• Review company bottlenecks and recommend changes to improve the overall level of company output
• Review of the division's forecast and plan submissions by the sales group and divisional management Support the Division Controller including high quality financial analysis and reports.
• Support the development and execution of the strategic plan, through scenario planning and cost management for new product development and introduction projects.
• Management and delivery of the business plan.
• Manage the monthly forecast cycles, quarterly reporting packages, the annual plan process, the financial sections of the strategic planning process, and any other forecast requests from top Management.
• Manage the divisional planning and forecasting process and consolidate and analyse sales submissions, and departmental forecasts.
• To produce accurate monthly management information with appropriate explanations for variances against plan, forecast and prior year to enable effective financial management of the division.
• To provide leadership and strategic direction to the company's financial and business-related affairs
• Maintain a documented system of accounting policies and procedures.
• Verifying investment proposals and ensuring compliance with company's investment strategies as to asset classes, region, sector guidelines, IRR, payback period etc.
• Compiling Management Reports, Financial statements, Consolidated Reports and presentations to management and Board of Directors
• Portfolio valuation & performance assessment.
• Supervising accounts department of real estate division with Leasehold developments, Property development, Asset management and other Real estate businesses - Processing payment requests received from real estate Project Managers and auditing payments of subsidiaries / related companies
• Interacting with internal and external auditors.