Finance Manager

Job description / Role

SECTION I: POSITION SUMMARY

To assemble and analyze financial information and prepare monthly and annual financial reports & budgets by utilizing appropriate accounting control procedures ensuring smooth cash flow. Distributes the financial resources of a company, responsible for the budget planning, and support the executive management team by offering insights and financial advice that will allow them to make the best business decisions for the company.

SECTION II: KEY DUTIES & RESPONSIBILITIES

• Prepare and oversee the preparation of financial reports such as income statements, balance sheets, Cash Flow and other accounting reports to assess accuracy and completeness to meet the deadlines.
• Develop annual operating budget, forecast and projection by collating all the information and the financial data available in the company’s automated financial system.
• Analyze financial performance against key business metrics that will enable management to determine progress against budgets.
• Identify, investigate, and analyze potential operational improvement. As appropriate, based on findings make proposal for operational changes.
• Ensure accurate recording and analysis of revenues & expenses by analyzing business operations, trends, costs and obligations.
• Provide financial reports and interpret financial information to managerial staff while recommending further courses of action.
• Controlling income, cash flow and expenditure and assist management in taking decisions on investment based on the available cash flow.
• Liaise with bank relationship manager to get the required facility and documents related to it on time to ensure operational continuity.
• Review infrastructure resources, including motor vehicle fleet and property portfolio, and assist in developing strategies to maximize return on assets and/or divestment options.
• Assist sales and operations team in contract pricing strategy and service costing framework.
• Develop and maintain effective communication and positive working relationships with the internal and external stakeholders.
• Actively manage Finance Team members, in accordance with the organization’s HR policies and processes to manage the finance department and assigning task to meet the goals
• Provide timely guidance and feedback to help others strengthen specific knowledge/skill areas to fulfil responsibilities or tasks. Allocate tasks appropriately and provide the necessary support.
• Ensure timely and accurate month end closing of all accounts and all associated reconciliations.
• Review invoices (Receivables & Payables), daily billing and resolving discrepancies by liaising with the customers and suppliers to process the payment.
• Prepare financial audit, interacting with internal and external auditors to coordinate audit process and completeness on time.
• Develop, streamline and enhance financial management and reporting processes. Ensure appropriate financial controls are embedded throughout the company.
• Provide management, support and development to all teams and team members within their areas of responsibility
• Attend regular meetings with the General Manager, Group CFO on Finance & General Purposes and to provide verbal and written reports as may be required by the corporate finance and higher management.
• Understand and follow company policies, rules and regulations.
• Perform all other duties as assigned and required on time to time related to finance.

Requirements

SECTION III: KNOWLEDGE, SKILLS, COMPETENCIES

Educational Qualification:
• Master’s Degree / Bachelor’s Degree in Accounting and Finance

Additional Qualification:
• Extensive understanding of financial trends both within the company and general market patterns; Proficient user of finance software
• Strong interpersonal, communication and presentation skills
• Able to manage, guide and lead employees to ensure appropriate financial processes are being used; A solid understanding of financial statistics and accounting principles
• Working knowledge of all statutory legislation and regulations

Years of Experience:
• Minimum 10 year accounting experience and an understanding of accounting principles and procedures for business operations.

Job specific skills:

Excellent Communication Skills:
• Knowledge of Financial and Accounting software applications and generally accepted accounting principles, planning & interpersonal skills, analytical skills

Key competencies:
• Attentive, Accurate
• An analytical bent of mind
• Negotiation skills and the ability to develop strong working relationships
• Commercial and business awareness
• Good communication skills – both written and verbal
• A keen eye for detail and desire to probe further into data
• Ability to stick to time constraints

About the Company

Mohamed Hareb Al Otaiba was established in 1946 giving it the proud distinction of being one of the oldest diversified business groups in the UAE and the Middle East. At a time when oil was not yet discovered and trading was still the lifeline of the region’s economy, it was the vision of Mohamed Hareb Al Otaiba that saw the birth of one of the first business houses.

Mohamed Hareb Al Otaiba is essentially a trading organization involved in franchises and distribution of various brands and for different product categories. For highly discerning clients whose hallmark is exclusivity, we are proud to introduce ourselves as the official agents, business partners and product dealers of premium brands. At MHAO conducting business with the highest degree of ethical integrity is the job of every employee.