Finance Executive
1 month ago
Job Title: Finance Manager
Location: Abu Dhabi
Department: Finance
Reports To: Operations Manager & CEO
Job Summary:
We are looking for an experienced Finance Manager with UAE experience. The Finance Manager will oversee all financial operations for our spa and salon business, ensuring accurate financial reporting, effective budget management, and sound financial planning. They will collaborate closely with the Operations Manager and management team to maximize profitability, enhance financial controls, and support the overall strategic goals of the organization.
Key Responsibilities:
- Financial Reporting & Analysis: Prepare and analyze monthly financial statements, P&L reports, balance sheets, and cash flow statements to monitor performance. Present financial insights to the leadership team, highlighting trends, risks, and opportunities.
- Budgeting & Forecasting: Lead the annual budgeting process and monthly forecasting for all revenue and expense areas, including retail sales, service income, labor, and overhead. Provide guidance to department heads in budget preparation and management.
- Cost Control & Profitability Analysis: Identify cost-saving opportunities and recommend initiatives to improve profitability. Regularly review vendor contracts, service costs, and product margins, particularly in retail and service areas.
- Cash Flow Management: Oversee cash flow planning and forecasting, ensuring optimal liquidity to meet operational needs. Monitor inventory levels in collaboration with purchasing to balance cost control and product availability.
- Payroll Management: Coordinate with HR to oversee and complete payroll processing and ensure accuracy in commission structures, bonuses, and benefits tracking for staff.
- Compliance & Internal Controls: Develop and enforce financial policies and internal controls to safeguard assets, ensure compliance with relevant laws, and maintain high standards in financial operations. Oversee audits and implement corrective actions as needed.
- Pricing Strategy: Collaborate with the operations and marketing teams to evaluate and adjust pricing for services and products, taking into consideration market trends, competitor analysis, and cost factors to optimize profitability.
- Financial Systems & Process Improvement: Implement and maintain financial software systems to enhance efficiency in financial reporting and analysis. Continuously review and improve financial processes to streamline operations.
Pay: From AED10,000.00 per month
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