Finance Manager

1 week ago

Dubai, Dubai, United Arab Emirates United Diesel Full time

Every employee at Al Rostamani Group plays a role in making a real difference to the business and our customers.

We care for our employees by offering them meaningful and purposeful work and an opportunity to grow, learn, contribute and succeed.

Today, the Al Rostamani Group has come a long way since its birth in 1957.

Our group has grown steadfastly with the guiding principles of Commitment, Care & Vision, alongside a strong sense of active involvement in the community.

We are a well-diversified group, with a key presence in industries such as General Trading, Automobiles and Heavy Equipment, Travel, Foreign Exchange, Financial Services, Property Management, Construction, Infrastructure Development and Information Technology Services.

Our Group employs approximately 2000 people from 41 different nationalities, which contributes to our multicultural and multi-national environment.


United Diesel is specialized in commercial vehicles and is the authorized distributor of Renault Trucks, Tata Motor, Buses and Trucks.

It offers complete after Sales Services and provides innovative transport solutions.

Job Purpose:

Responsible for the financial health of a company. Producing financial reports and develop strategies based on financial research. Guiding senior executives in making sound business decisions in the long and short term.

Responsibilities:

  • Implementation of policies covering all areas of financial activities so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, costeffective service to customers.
  • Ensure that all financial and accounting activities and documentations of the CTC accounts are properly administered, controlled and monitored on a daily, monthly and yearly basis; Ensure all items in the financial closing checklist have been diligently taken care of before confirming monthly / yearly closing of the books.
  • Prepare annual budgets and monitor financial performance versus budget so that the business is aware of anticipated costs/revenues, areas of unsatisfactory performance are identified and potential performance improvement opportunities are capitalized upon;
  • Evaluate data pertaining to costs in order to plan budgets, prepare operational & risk reports for management's analysis.
  • Ensures that all department reports are prepared timely and accurately and meet department requirements, policies and standards
  • Manage the entire receivable process to ensure that all contracted payments are received on time and reconcile and provide analysis of changes in receivable and financial impact.
  • Manage the entire payables process to ensure all vendor payments are paid accurately and on time and also that relationships with suppliers remain positive
  • Manage the entire expenses process to ensure all business related activities and business maintenance related expenses are paid accurately and on time
  • Manage the finance reporting schedules to ensure all scheduled and adhoc reports are produced for senior managers when requested accurately and on time. Ensure that these reports reconcile accurately with the data on the system and presented clearly for all to understand.
  • Liaises with the Audit Committee and other auditors to ensure compliance with relevant statutory requirements and standards
  • Evaluate financial reporting systems, accounting or collection procedures, or investment activities and make recommendations for changes to procedures, operating systems, budgets, or other financial control functions.
  • Provide financial and commercial advice on business proposals and strategic initiatives & analysis of any new businesses.
  • Identify aging inventory and coordinate with respective division manager for appropriate liquidation;
  • Continual enhancements to the Internal Control systems within the Company particularly in the areas of Finance, Accounting and Administration.
  • Ensure the effective achievement of functional objectives through the leadership of function setting individual objectives, managing performance, developing and motivating staff, provision of formal and informal feedback and appraisal in order to ensure that the highest level of performance is achieved.

Job Requirements:

Qualifications

  • Advance degree in Accounting or Finance
  • Chartered accounting certificate or equivalent

Experience

  • Minimum 10 years' experience of managing finance and Accounting in a mid of large size business

Knowledge & Skills

  • Economics and Accounting — Knowledge of economic and accounting principles and practices, banking, analysis and reporting of financial data

Administration and Management:

  • Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modelling, leadership technique, and coordination of people and resources.

Analytical & Critical Thinking:

  • Using logic and reasoning to identify the strengths and weaknesses of alternative solutio

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