Finance Manager

4 weeks ago


Fujairah, United Arab Emirates Hiap Seng Engineering Limited FZC Full time

**Job description**

**Reporting to**:
Managing Director

**Job Purpose**:
The Finance Manager is member of Management Team responsible for the day to day accounting and
Financial Management of the company. The Finance Manager is also responsible for budgeting, reporting on the financial performance to management and the shareholders.

**Dimensions**:
**Staff reporting to the function**:
1. Senior Accountant

2. Accountants

**Job description**

**Principal Accountabilities**

**_Accounting: _**

1. Ensure required accounting policies and procedures are followed
2. Ensure all control accounts are reconciled
3. Ensure audit trails are available for all accounting functions
4. Coordinating with the statutory auditors to ensure smooth completion of the annual audit

5. Ensure timely completion of month end transactions

**_Tax and VAT: _**

1. Ensure timely completion and submissions of all Tax returns required to be filed
2. Proper accounting, submission and recovery of VAT

**_Budgeting: _**:

- _ 3. Preparation of Annual Budget

4. Report to management and shareholders on variance from approved budget

**_MIS: _**

5. Preparation of monthly management reports

6. Preparation and reporting of monthly reports to all shareholders
7. Preparation of annual financial statement as per IFRS
8. Provide various reports as requested by the shareholders
9. Provide various reports to government authorities

**_Finance/Fund Management:_**

6. Ensure that sufficient funds are available to meet on-going operational and capital investment requirements

7. Secure Interest rate hedges to mitigate financial risk related to interest rate on the company’s loans
10. Recommend maximum dividend to shareholders
11. Make timely fixed deposits of excess funds to earn interest
12. Prepare financial model for the new investments

13. Ensure prompt banking of cash and cheques received

14. Ensure all bank reconciliations are completed on a monthly basis

15. All bank accounts to be reconciled to General Ledger

**_Debtors: _**:

- _ 16. Follow-up accounts receivables with Commercial/Customer service department.
17. Provide receivable statement to the management

**_Payroll: _**:

- _
18. Payment of monthly payroll.

19. Ensure up-to-date reconciliation of Salary deduction and other staff related accounts

20. Ensure timely deductions from staff salaries
21. Ensure timely deduction and submission of social security and other contractual and statutory obligations
22. Ensure timely completion and submissions of all returns required to be filed

**_General: _**:

- _
23. Follow up on Foreign Investment Incentives

24. Managing finance staff

25. Review and streamline finance documentation and filing
26. Review and optimize work flow for finance functions
27. Support the management team to work towards achieving the company’s goals.
28. Give input / decide together with other MT members about the company’s overall strategy and policies

29. Provide various reports as may be required by the CEO and Shareholders

30. Manage the annual audits and Income tax assessments

31. Managing IT department

**Job description**

**Minimum Requirements**
- Degree in Finance/Commerce.
- 5-10 years of experience in similar position.
- Must have worked in an Engineering, Procurement and Construction (EPC) Company
- Must have led a team of employees
- In-depth knowledge in Accounts Finalization & Reports Preparation
- Sound knowledge in IFRS and financial modelling
- Strong analytical ability
- Strong Audit, Risk and Compliance related background
- Extensive exposure in Finance & Accounting
- Fluent in English - verbal and written.
- Strategic thinking and positive attitude

Ability to commute/relocate:

- Fujairah: Reliably commute or planning to relocate before starting work (required)

**Experience**:

- Manager: 5 years (preferred)


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