Sr. Finance Manager

Job description / Role

The Sr. Finance Manager will be responsible for financial business decisions of the group including overseeing, managing, communicating, reporting and providing guidance regarding financial and regulatory strategies. Responsible for the efforts, results, and success of an organization's finance deliverables. Provides financial advice and support to help senior executives make key decisions

Key Responsibilities

Finance Activities:

• Is responsible for the overall finance function of all the business units.
• Is a service provider of financial information to internal clients and also to group HO.
• Work closely with departments heads and will be expected to develop excellent knowledge of the business units’ operating environments (market size, industry trends, competitors etc), challenge the operational teams and their assumptions and propose revisions
• Manage monthly and annual reporting on a timely basis. Prepare and analyze budgets, plans and budget revisions working closely the operational teams of the business units (marketing, sales etc), challenge their teams and assumptions and propose revisions.
• Oversee the P&L and balance sheets (margins, stock levels, receivables, payables); analyze and recommend on monthly figures from business units compared to budget and last year.
• Manage the cash flow, both on a day to day basis and by ensuring that accurate forecasts are made and monitored.
• Provide detailed IRR/payback studies to justify capital expenditure, including all relevant analysis
• Monitor the returns on investment for all capital expenditure, optimize the cost structure for all the units. Liaise with external and internal customers
• Support dept. managers in managing, tracking, monitoring, and reporting financial data as requested.
• Overall responsibility for accounting accuracy following IFRS and group guidelines.
• To bring in continuous process of improving reporting, identifying cost reduction, process improvement opportunities and implement change to gain efficiencies and streamline workflows.
• Assist the management in the development and implementation of goals, policies, priorities, and procedures relating to financial management.
• Develop financial processes and procedures, implement reports and controls to ensure effective asset management, and assure budgeting and controls become instrumental in the division's operations.
• Evaluating growth opportunities such as mergers and acquisitions, both with respect to economic performance and strategic fit.
• Facilitating internal communications and information delivery to decision-makers
• Completing projects and tasks on various issues when needed; maintaining flexibility as business requirements evolve.

Audit and Control:

• Ensure that there is an adequate internal control environment and properly maintained
• Ensure compliance with group accounting and internal control policies
• Work with external auditors to provide requested supporting documentation and explanations and ensure annual monitoring is carried out.
• Ensure that the audits are completed on time and the audited financials circulated to all stakeholders.
• Ensure the safeguard of all assets of the business units (stocks, receivables…) under his control
• Ensure that perpetual inventory counts are conducted smoothly, proper procedures are followed, and stocks are adjusted periodically.

People Management:

• Understand and communicate the organization’s priorities to ensure team’s alignment with Group’s objectives
• Supervise assigned personnel (e.g. screening, interviewing, recommending, training, evaluating, etc.) for the purpose of enhancing productivity of staff, and ensuring that department outcomes are achieved
• Oversee workload of department for the purpose of maximizing the efficiency of the work force and meeting operational requirements
• Responsible for conducting periodic performance appraisal to all assigned staff, and for growth, development, engagement and motivation, coaching and guiding of the department’s employees.
• To make sure work life balance is maintained within the team.

Salary:
AED 25,000 to 30,000 per month inclusive of fixed allowances.

Requirements

Education:

Finance qualification completed in (CA (ICAI)/ACA(UK)/ACCA/CIMA/CPA (US)/CFA) a must, MBA from a Top International Business School an added value.

Requirements:

• 15+ years’ experience, with proven track record in financial analysis, financial control and financial leadership roles preferred.
• Proficiency in PC Windows environment (Word, Excel, Access, PowerPoint) and financial modeling
• Knowledge of VAT and regulatory accounting guidelines and principles
• Ability to work with budget systems and financial models.
• Extensive business domain and IT expertise
• Interpersonal / leadership skills and ability to communicate externally and at all levels of the organization
• High level of integrity and dependability with a strong sense of urgency and results orientation
• Project management experience with ability to manage time to meet aggressive deadlines, appraise, monitor, audit and evaluate projects.
• Must be self-motivated, have high integrity and credibility and be able to work independently
• Must be flexible and have ability to interface with a diverse group of individuals and cross-functional teams
• Strong communication/senior stakeholder management skills.
• Experienced in working with executives and influencing across the organization.
• Holding a valid UAE light vehicle driving license.
• Ability to read, write & communicate in Arabic will be an added advantage.

About the Company

A global leader in maritime solutions.