JOB DESCRIPTION / ROLE
Company: One of the oldest and renowned business conglomerates of UAE with a diverse portfolio of businesses.
Position Overview: The Assistant Finance Manager will play a crucial role in supporting the financial operations of the real estate division of the group. This role involves assisting the Finance Manager in various financial tasks, including budgeting, financial analysis, reporting, and ensuring compliance with financial regulations. The Assistant Finance Manager contributes to maintaining the financial health of the organization while working closely with cross-functional teams to achieve strategic objectives.
- Assist in analyzing financial data to support investment decisions, property acquisitions, and development projects.
- Prepare financial models, projections, and feasibility studies to evaluate the potential returns on real estate investments.
- Conduct market research to identify trends and opportunities in the real estate industry that could impact financial decisions.
Budgeting and Forecasting:
- Collaborate with the Finance Manager to develop annual budgets for real estate projects, considering operational expenses, capital expenditures, and revenue projections.
- Monitor budget performance throughout the year and provide variance analysis to identify deviations and recommend corrective actions.
- Prepare regular financial reports and presentations for senior management, stakeholders, and investors.
- Maintain accurate and up-to-date financial records for real estate properties, including income statements, balance sheets, and cash flow statements.
Cash Flow Management:
- Monitor cash flow for real estate projects to ensure adequate liquidity for operations and debt service.
- Coordinate with property managers and other teams to optimize rent collection and manage expenses effectively.
Risk Management and Compliance:
- Assist in ensuring compliance with financial regulations, tax requirements, and industry standards in the real estate sector.
- Identify potential financial risks associated with property investments and propose strategies to mitigate these risks.
- Support the development of long-term financial strategies and investment plans aligned with the company's overall goals and objectives.
- Participate in financial planning discussions related to property development, renovation, and maintenance.
- Collaborate with internal stakeholders, including property managers, asset managers, and legal teams, to provide financial insights and facilitate effective decision-making.
- Liaise with external partners, such as lenders, auditors, and investors, to ensure smooth communication and cooperation.
AED 15,000 to 18,000 per month inclusive of fixed allowances.
Qualifications and Skills:
- Fully qualified Chartered Accountant with at least 5 years of experience in real estate finance in UAE, preferably in a real estate company, investment firm, or property management company.
- Proficiency in financial modeling, analysis, and Microsoft Excel.
- Strong understanding of real estate financial metrics, property valuation, and investment analysis.
- Excellent analytical skills with the ability to interpret complex financial data.
- Knowledge of financial regulations, tax implications, and compliance in the real estate industry.
- Effective communication skills to convey financial information clearly to both financial and non-financial stakeholders.
- Detail-oriented and organized, with the ability to manage multiple tasks and meet deadlines.
- Strong problem-solving skills and the ability to work collaboratively in a team environment.
ABOUT THE COMPANY
Viva HR Consultants is a fast-growing service provider in the field of Human Resources and Recruitment Outsourcing. Located in Dubai, we provide a wide array of HR Services for businesses and individuals across the world.
We specialize in turning first assignments into successful long-lasting business partnerships. Our vision is to deliver quality products and services to clients across the globe. We take pride in our core values of Integrity and Confidentiality. We are a very customer-centric organization and our entire team works very hard to achieve our primary goal of "Customer Delight" which results in our customers and clients coming back to us for more. We also strongly believe in building long-term mutually beneficial business relationships. We never promise what we cannot deliver and we never compromise on quality.