Finance Manager

3 weeks ago


Abu Dhabi, United Arab Emirates Al Zarafa Human Resources Consultancy Full time

Urgently Needed **Finance Manager**

**Job Description**:
1. Supervise and manage the accounting and finance team.

2. Prepare and provide accurate and timely financial reports, including monthly/quarterly MIS, annual accounts and any ad-hoc reporting that may be required, within the stipulated deadlines.

3. Review the ERP system to ensure accuracy of information. Ensure reconciliation of ledgers with underlying data. Design and suggest plans for improvement of ERP.

4. Ensure full compliance with approved DOA’s, corporate policies and guidelines. Highlight any deviations in a timely manner and take appropriate corrective action.

5.Manage funds and bank limits to achieve optimal utilization. Ensure full compliance with banking covenants. Highlight any potential issues in a timely manner and take appropriate action to avoid defaults.

6. Prepare cash flow statements and cash forecasts and ensure optimal utilization of funds.

7. Monitor collections of receivables on a regular basis. Lead collection efforts and ensure collection team is properly supported. Highlight problems and issues on collection delays. Implement appropriate action in association with management team.

8. Prepare short term and long-term cash flow plans. Highlight issues and discuss plans with senior management.

9. Manage working capital. Measure and report on receivables, inventory, WIP and payables.

10. Preparation ofdetailed operational and financial budgets, forecasts and business plans in close consultation with the Executive President. Assist in presentation for the BOD.

11. Ensure full assistance to internal and external audits. Ensure all observations are promptly attended to and audits are completed on time.

12. Supervise the cost accounting function, review cost records and support operations with cost estimates and preparation of tenders.

14. Review purchases, payroll, admin costs and all expenses to ensure payments are accurate and made in line with approved Delegation of Authority. Ensure proper controls are in place in this regard.

15. Monitor, review and improve internal controls. Report all weaknesses identified.

16. Regularly evaluate costs and expenses. Suggest and implement cost-reduction efforts.

17. Monitor performance and provide guidance /training to the finance team on day-to-day basis.

18. Other ad hoc responsibilities assigned by the Executive President or the management team at DI.

19. Ensure full compliance with VAT, corporate tax, customs regulations, and all other applicable legal compliances.

20. Ensure adequate insurance covers for company assets and insurable risks are in place.

21. Continuous monitoring of profitability and identification of opportunities to enhance profitability / Shareholders return.

22. Preparation and/or Review of agreements.

23. Liaison with the lawyers on litigations.

24. Leading the finance team ensuring development of transferable skillsets and succession planning.

25. Any other duty and responsibility of a finance manager that may be entrusted by the management.

**Salary**: AED22,000.00 - AED27,000.00 per month

Ability to commute/relocate:

- Abu Dhabi: Reliably commute or willing to relocate with an employer-provided relocation package (required)



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