Finance Manager


Job title: Finance Manager

Company: AMZ GROUP

Job description: Job Description

Job Title Finance / Treasury

Salary 16,500 AED

Experience

School Degree

Description

Job Purpose

  • Participate in the development of the Finance strategy for the company, ensuring that the strategy is in line with the Group’s overall strategic direction
  • To support the higher management in decision-making and planning through analysis and reporting of financial performance, maintaining effective controls over the company’s financial processes and preparing financial statements, management information and budgets for the Group.

Key Roles and Responsibilities
Strategic Roles and Responsibilities

  • Provide input on the company’s budget and control expenses of the function, ensuring it stays within its operating budget
  • Manage the timely preparation of the financial budget for the company
  • Review the budget requirements of the business and accordingly participate in the development of the budget for the respective BU

Functional Roles and Responsibilities

  • Ensure timely preparation of the financial budget and forecast of the company working in coordination with the company departments
  • Ensure timely preparation and communication of periodic financial reports
  • Ensure effective implementation and enforcement of the approved budget; monitor and report on budget variance and identify key issues and potential corrective action
  • Maintain an effective control environment over all key financial processes including budgetary controls, accounting and physical control as per laid down procedures. Also exercise control on other purchases and services
  • Consolidate, review and provide key financial information within established timelines to the Finance Director in areas such as operating results and budget vs actual and report any issues with respect to planning and budgeting to the Finance Director
  • Ensure that all accounting entries are incorporated in the company accounts after they have been approved as per the schedule of authority and that accounts are kept up to date to reflect all the transaction of the business, including all reconciliation with the bankers, debtors, creditors and group companies
  • Monitor bank balances against the facilities to ensure that the company operates within the approved facilities
  • Monitor tax compliance
  • Ensure proper insurance cover on company’s assets
  • Review monthly/annually closing activities in accordance with IFRS and ensure timely submission of monthly management reports
  • Manage and coordinate the external audit process including preparation of year end and interim financial statements to be produced in line and up to date with IFRS guidelines
  • Monitor the ongoing financial performance of the company and provide continued visibility to management
  • Manage financial reporting processes, monitor progress against budget and carry out period reviews
  • Work with IT to ensure the overall accuracy, completeness, timeliness and usability of system generated financial data
  • Monitor the day-to-day cash needs for the company and develop comprehensive treasury management strategies and cash reporting mechanisms (including daily and cash in transit reporting) to ensure adequate liquidity
  • Ensure the implementation and enforcement of the established financial strategy as well as the financial policies and procedures and systems, identifying opportunities for continuous improvement
  • Design and maintain an effective control environment over all key financial processes including accounts receivable and accounts payables as well as accounting and reporting
  • Provide financial and commercial analysis for business development opportunities and other ad hoc projects, including NPV and IRR calculations to support the company’s decision-making processes
  • Contribute to the annual and quarterly objective setting process for the business and how the company measures its achievement level for these objectives
  • Manage the working capital structure of the BU through monitoring cash flow, management of excess liquidly and investment of funds in line with the Group’s objectives, knowledge, enhancement and upskilling on current requirements

People Management Roles and Responsibilities

  • Provide leadership and direction to subordinates towards the achievement of goals and objectives
  • Guiding and motivate subordinates to enhance performance and produce quality work, and ensure they are continuously developed for higher level roles

Expected salary:

Location: Dubai

Job date: Mon, 21 Feb 2022 23:51:24 GMT

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