Financial Director

6 days ago

Dubai, Dubai, United Arab Emirates Precision Hire Solution Full time
Job Title: Finance Manager

The Finance Manager will be responsible for overseeing all financial activities related to Istituto Marangoni Middle East Ltd, based in the Dubai International Financial Centre (DIFC) district. This role reports directly to the School Director and functionally to the Group Head of Finance.

The successful candidate will ensure compliance with UAE financial regulations and Istituto Marangoni's dedicated policies and financial reporting guidelines.

Key Responsibilities:1. Financial Planning and Analysis

Support the School Director in defining and resolving complex financial and economic aspects specific to the DIFC environment. Conduct in-depth analysis on revenue, direct wages, and commissions to ensure accurate revenue recognition processes. Prepare and monitor cash collection and cash forecast predictions, suggesting actions to improve profitability. Provide analytical support to the Headquarter, aligning with DIFC regulations and standards.

2. Financial Reporting and Compliance

Supervise and control accounting activities, ensuring compliance with DIFC financial regulations. Verify the accuracy and validity of monthly and yearly financial results, correcting journal entries or integrating financial results with accruals, prepayments, deferrals, or other accounting entries as needed. Prepare monthly actual packages (IFRS) according to Headquarter processes and DIFC reporting documentation. Coordinate with the external chartered accountant for statutory financial statements and tax compliance, identifying significant issues and areas for improvement. Prepare necessary documents for Group and local audits within the DIFC framework. Ensure proper management and accuracy of account reconciliations, especially bank reconciliations. Manage cash handling, payments, and travel cost control. Manage the payroll process for the first six months.

3. Budgeting and Forecasting

Be responsible for the monthly forecast, incorporating financial trends and data. Conduct variance analysis between actuals and forecast, translating this analysis into actionable steps. Support the Headquarter and local team in preparing the yearly budget and monthly forecast.

4. Team Leadership and Management

Maintain and improve relationships with other departments, particularly Sales and Academic, to ensure complete, correct, reliable, and timely data from the company's database for further analysis. Ensure employees follow company processes regarding expense reports. Support the School Director on administrative project management as required. Keep and improve proficient relationships with the bank to optimize international transfers and financial transactions in the DIFC.

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