Finance Manager

2 months ago


Abu Dhabi, United Arab Emirates Emdad Full time

Job Summary:

- **food and bevarage manufacturing and catering operations experience only **_

The Finance Manager will lead the financial planning, analysis, costing, budgeting, and forecasting activities for the food manufacturing and catering operations. The role is critical in ensuring the financial health of the business by providing accurate financial insights, optimizing cost structures, and ensuring that all financial operations align with the business goals. With a solid background in finance and experience in the food and catering industry, the Finance Manager will support strategic decision-making and operational efficiency.

Key Responsibilities:
Financial Planning & Analysis (FP&A):
Develop and manage detailed financial plans, forecasts, and business models for the company’s food manufacturing and catering operations.

Conduct monthly, quarterly, and annual financial performance reviews, identifying trends and variances.

Provide insights on key financial drivers, including sales performance, cost structures, and profitability metrics.

Prepare financial reports and present findings to senior management, offering recommendations for financial improvements.

Costing and Cost Management:
Oversee product costing, ensuring accurate allocation of raw materials, labor, and overhead.

Monitor and optimize cost structures, including food production costs, labor costs, and operating expenses.

Collaborate with operations and procurement teams to reduce waste, enhance cost efficiencies, and ensure proper inventory management.

Evaluate and manage pricing strategies to maintain competitive margins in the food manufacturing and catering business.

Budgeting and Forecasting:
Lead the preparation of annual budgets and rolling forecasts for food manufacturing and catering divisions.

Analyze budget variances and recommend corrective actions to ensure financial targets are met.

Work closely with departmental heads to ensure budgets are aligned with operational and strategic objectives.

Provide ongoing forecasting, considering market trends, cost fluctuations, and business growth.

Financial Reporting and Analysis:
Ensure the accurate and timely preparation of financial statements, including profit & loss statements, balance sheets, and cash flow statements.

Perform monthly and quarterly financial close processes, ensuring accuracy and compliance with relevant accounting standards.

Analyze financial statements to provide insights on profitability, cost control, and cash flow management.

Cash Flow Management:
Monitor cash flow and liquidity, ensuring the company can meet its financial obligations and maintain smooth operations.

Develop strategies to optimize working capital, focusing on receivables, payables, and inventory levels in the food manufacturing and catering business.

Financial Compliance and Risk Management:
Ensure compliance with all financial, tax, and regulatory requirements specific to the food manufacturing and catering industry.

Implement internal financial controls to safeguard company assets and mitigate risks.

Oversee external audits and collaborate with auditors to ensure accurate financial reporting.

Leadership and Team Management:
Lead, mentor, and develop the finance team, fostering a culture of accountability, efficiency, and continuous improvement.

Collaborate with cross-functional teams, including production, procurement, and sales, to support business growth and operational efficiency.

System and Process Improvement:
Continuously enhance financial processes and reporting systems to improve accuracy, efficiency, and decision-making capabilities.

Implement and manage financial software and tools to streamline budgeting, forecasting, and reporting.

Qualifications and Experience:
Education: Bachelor's degree in Finance, Accounting, or a related field; an MBA or equivalent higher degree is preferred.

Professional Certification: CPA, CMA, or similar certifications are highly desirable.

Experience: At least 10 years of financial management experience, with a minimum of 5 years in the food manufacturing or catering industry.

Industry Knowledge: Strong knowledge of food production costing, inventory management, and financial operations in catering.

Software Proficiency: Experience with ERP systems (e.g., SAP, Oracle, Microsoft Dynamics) and advanced Excel skills.

Analytical Skills: Strong analytical and problem-solving skills, with a deep understanding of financial analysis and modeling.

Leadership Skills: Proven leadership experience in managing and developing teams, with excellent communication and interpersonal skills.

Key Competencies:
Strategic thinking and business acumen.

Strong financial analysis and reporting skills.

Ability to drive cost management and process improvements.

Excellent communication and presentation skills.

Ability to thrive in a fast-paced environment and manage multiple priorities.

Application Question(s):

- what is your notice period ?
-


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