Finance Executive

Arab Media Group (AMG)

Dubai, UAE

Posted
Ref: RP399-47

Job description / Role

Employment: Full Time

The Finance Officer will be responsible for the Group’s Fixed Assets function. He or she will also assist the Finance Director in managing and monitoring the treasury function of the group.

Key Accountabilities (includes, but not limited to the following):

Fixed Assets:
• Record newly acquired fixed assets in the accounting system and those disposed after ensuring that necessary procedures have been followed in line with the group’s governance model
• Track Group’s fixed asset spending in relation to its capex budget, as well as DOA authorizations.
• Allocate tag numbers to fixed assets to effectively track them from time to time
• Track, compile, and record project costs in fixed asset accounts
• Perform reconciliation of fixed asset sub-ledger balance with the general ledger balance
• Perform depreciation calculation for all fixed assets
• Find out fixed assets’ obsolescence potential
• Recommend fixed assets that should be disposed-off to the management
• Perform fixed asset related analyses as per the management request
• Recommend any updates to accounting policies affecting fixed assets
• Create fixed asset related audit schedules and collaborate with auditors on their assignments
• Assist in carrying out fixed assets valuation for insurance purpose
• Partner and collaborate with internal stakeholders (Operations, IT, Projects, etc.) to resolve issues.
• Assist in implementing and smooth running of fixed assets accounting and reporting systems.
• Treasury and other activities
• Assist in opening, operating and closing of group bank accounts
• Assist in updating bank mandate for online banking
• Monitor the group banking facilities (Loans, Letters of Credit, Bank Guarantees, etc.) and support its requirements
• Review the interest credit, interest expense and bank charges on regular basis
• Review bank reconciliations of all bank accounts
• Assist in placement of fixed deposits
• Support cash forecasting process
• Liaise with banks relationship managers to resolve banking related issues
• Perform any other task or project assigned from time to time

Key Performance Indicators:
• Meeting all applicable deadlines
• Lead time in delivering reports
• Quality, relevance and accuracy of reports/fixed assets register/analysis

Competencies:
• Excellent attention to detail
• Business partner and customer focus
• Results driven
• Proactive and forward thinking
• Ability to work under pressure and prioritize effectively within a changing and fast-paced commercial environment.
• Excellent communicator at all level of the organization
• Excellent verbal and written communication skills in English
• High degree of autonomy and integrity
• Strong ability to apply several accounting and reporting systems
• A fun, positive and dynamic attitude

Requirements

Knowledge / Qualifications / Experience
• Degree in Accounting and/or Finance
• 5+ years of relevant experience with the Finance department of a large corporation
• Media and/or leisure & entertainment experience preferred
• Strong systems exposure and ERP system knowledge (Oracle preferred)
• Advanced knowledge of Microsoft Excel, Word and PowerPoint
• UAE resident preferred

About the Company

Arab Media Group (AMG), a member of Dubai Holding, is one of the region’s leading providers of media and family-oriented entertainment, delivering engaging content and creating exceptional experiences. Established in 2005, AMG has been serving a diverse regional audience through its multiple media and entertainment platforms that span across radio broadcasting, event management, and family entertainment. It currently comprises of Arabian Radio Network (ARN), Done Events and Global Village.

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