Finance Associate, UAE

1 week ago


Abu Dhabi, Abu Dhabi, United Arab Emirates Flat6Labs Accelerator Company Full time

About Flat6Labs:

Flat6Labs is the MENA region's leading seed and early-stage venture capital firm, currently running the most renowned startup programs in the region.

Annually, Flat6Labs invests in more than 100 innovative and technology-driven startups enabling thousands of passionate entrepreneurs to achieve their daring ambitions and ultimately becoming their institutional co-founders.

Launched and headquartered in Cairo in 2011, Flat6Labs has multiple offices across the region; with ongoing plans to expand into other emerging markets.


For more information, visit Overview:
Flat6Labs is seeking a highly skilled Finance Associate who will be based in UAE.

As a Finance Associate, you will be responsible for developing comprehensive financial analysis, generating financial reports, and championing the budgeting and forecasting initiatives to ensure the company's financial status stays on track, in addition to assisting in fund administration processes.

Also, you will play a pivotal role in driving financial insights, managing investor relations, and supporting fund administration processes.

Key Responsibilities:

Financial Analysis:
Conduct comprehensive financial analysis to support decision-making processes. Prepare and present financial reports, including income statements, balance sheets, and cash flow statements.

Prepare timely and detailed reports on financial performance on a quarterly and annual basis Budgeting and Forecasting:
Develop and manage budgets, providing variance analysis and recommendations. Assist in the preparation of financial forecasts and projections.

Fund Administration & Investor Relations Management:
Preparing capital account statements, fund performance KPIs, balance sheets, profit and loss, and other statements.

Assist in managing investor relations activities, including communicating with investors, providing regular updates on the fund, and addressing investor inquiries.

Assist in streamlining capital calls and plan for efficient deployment. Assist in the preparation of fund reporting and financial statements, ensuring compliance with regulatory requirements. Support fund administration processes, including fund accounting, cash flow management, and expense tracking.

Liaise with all stakeholders involved in the fund administration processes including but not limited to LPs, audits, AML Working with fund administrators and other stakeholders, creating capital calls, and fund notices, finalizing net asset value calculations, and preparing periodic financial reporting.

Manage relationships, collect, organize, and help analyze reporting data from startups, and LPs to ensure smooth reporting and transactions Financial Process Optimization and Risk Management:
Continuously review and enhance financial processes to improve efficiency and accuracy. Implement best practices in financial reporting and analysis. Assess financial risks and propose strategies to mitigate them. Monitor and report on key financial risk indicators.

Assist in the financial planning of the company by analyzing its performance and risks Assist with all reporting and accounting processes and policies for all operating units in the company; Cross-Functional Collaboration:
Work closely with departments across the company to gather financial information and provide insights. Collaborate with external auditors and ensure timely completion of audits. Coordinate and assist other

accounting and finance personnel in the organization Prepare supporting work papers for financial statements, portfolio schedules, and capital account allocations.

Bachelor's degree in Accounting or Finance Relevant professional certification is another huge plus: CMA, CPA, CFA, or CAIA will be preferred but not required 3+ years of experience in financial analysis, investment management, or related fields, preferably in venture capital, private equity, or startup ecosystem.

Strong understanding of financial and fund administration regulations in the GCC. Proven track record of managing investor relations and fund administration processes. Knowledge of the venture capital industry or financial services is required. Thorough knowledge of basic accounting procedures. Good command of IFRS and familiar with ILPA, KSA, and UAE taxation frameworks. Experience with general ledger functions and the month-end/year-end close process. Hands-on experience with cloud accounting software; and familiarity with NetSuite and Qoyod are a huge plus. Ability to work independently and collaboratively in a fast-paced, entrepreneurial environment. Highly organized with strong attention to detail and the ability to prioritize and manage multiple tasks simultaneously. Entrepreneurial mindset and ability to work in a highly dynamic environment are a must. Excellent communicator and detail-oriented with a high level of accuracy and integrity.

Our mission towards DEIAt Flat6labs, we're all about helping you shine, no matter where you come from or who you are– what matters to us is your passion and talent.

We're proud to be an equal opportunity employer, and we're on a mission to build a team as diverse as the world we live in.

Join us in making our workplace a welcoming home for everyone to shine.

What's in it for you? Get the chance to work with high-potential growth startups and bright entrepreneurs from different backgrounds.

Engage in the buzzing startup community in the MENA region. Work in an environment supporting creativity and proactivity, and be part of a small dynamic team. Competitive package including medical insurance at one of the top medical insurance providers. Hybrid working model & Flexible working hours#J-18808-Ljbffr

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