Finance Manager-Financial Operations

dubizzle Egypt is the leading marketplace for selling and buying online in the region. Our aim is to upgrade people's lives by facilitating deals and identifying attractive opportunities for both individuals and businesses. Our goal is to strengthen local economies, empower small businesses, and help everyone in making smarter choices for themselves, the market, and the planet.
As part of dubizzle Group, we are alongside some of the strongest classifieds brands in the market. With a collective strength of 8 brands, we have more than 160 million monthly users that trust in our dedication to providing them with the best platform for their needs.
As a Finance Manager - Reporting, you will own the accounting process for the new entities in Egypt. You will support the Group reporting and audit process alongside the local statutory process. You will get involved with setting up internal control processes. You will use your initiative to improve processes and practices and take responsibility for the ownership of accounting activity.
Requirements
Accounting:

• Manage accounting environment and financial reporting for the entities in Egypt.
• Manage and meet the Group's reporting requirements and deadlines.
• Prepare workings for various accounting treatments as per IFRS.
• Oversee the assigned entities' day-to-day accounting processes, ensuring proper accounts are maintained for effective financial control following corporate standards and statutory requirements.
• Coordinate with auditors during local statutory audits and group audit-related reporting.
• Develop and implement tool sets and reports that support business needs.
• Ensure that all external financial reporting requirements are met

VAT:

• Manage VAT reporting and compliance.
• Conduct day-to-day transactional processing and reporting on taxation. This includes the accurate posting of all tax-related entries.
• Point of contact for the tax authorities for any direct and indirect tax queries.
• Work closely with the group tax team on technical matters and validating the VAT returns before submission.

Internal control:

• To ensure best practice for documentation of accounting processes and controls.
• Prepare workflows, internal control process manuals and support system optimisation.
• Work closely with the Group's internal control team to implement robust control processes.

Financial Reporting

• Accounting of General Ledger entries & ensure completeness and accuracy.
• Responsible for the monthly and quarterly closing process of the assigned entities.
• Responsible for preparation and submission of monthly/quarterly management reports.
• Prepare and/or Review account reconciliation for the assigned entities.
• Review general Ledger entries to ensure completeness and accuracy of financials.
• Coordinate with external auditors to provide requested documentation regarding financial statements and accounting treatment for specific transactions.
• Provide FP&A team with financial analysis and/or comments as required.
• Preparation and submission of quarterly and ad-hoc reporting and analysis
• Effective communication with other functional areas required.
• Perform month-end account closing activities and reconciliations.
• Maintain general ledger accounts and prepare journal entries for accruals and variances.
• Generate and distribute account management reports on a monthly basis.
• Perform accounting analysis for cash accruals, account payables, account receivables, reconciliations and foreign exchange.
• Provide appropriate accounting information to customers when needed.
• Assist various departments in accounting issues and queries.
• Analyse and perform foreign currency exchanges.
• Support Auditor in conducting internal and external audits.
• Assist in tax preparation and filing activities.
• Reconcile general ledger accounts and revenue accounts.
• Review financial reports to identify and explain variances.
• Follow documentation retention policy to maintain accounting files.
• Prepare cash flow statements and resolve outstanding balancing issues.
• Adhere to standard accounting principles and company procedures.
• Perform accounting analyses and reporting to support decision-making purposes.

Fixed Assets

• Record fixed assets by creating and supervising a system of procedures, forms, and controls
• Recommend any updates to accounting policies affecting fixed assets to management
• Allocate tag numbers to fixed assets to effectively track them from time to time
• Record in the accounting system newly acquired fixed assets and those disposed
• Track, compile, and record project costs in fixed asset accounts; close out the accounts at the completion of the projects
• Perform reconciliation of fixed asset subsidiary ledger balance with summary-level account in the general ledger
• Perform depreciation calculation for all fixed assets
• Perform revision and update on the detailed schedule of accumulated depreciation and fixed assets
• Perform asset retirement obligation calculations for ARO applicable assets
• Find out fixed assets' obsolescence potential
• Carry out periodic reviews on intangible assets' impairment
• Carry out inventory counts of fixed assets physically
• Recommend fixed assets that should be disposed off to management
• As may be requested by management, perform fixed asset related analyses
• Create fixed asset related audit schedules, and collaborate with auditors on their assignments

Intercompany Transaction Processing :

• Verifies and reviews details (both sending and receiving) of intercompany requests received
• Determines appropriate Intercompany accounting details (e.g. GL accounts, Cost Objects, Transaction Type, Tax Code, Plant Code, etc.), when required
• Posts Intercompany journal entries on both sides for cross-company enabled locations and to one location if not cross-company enabled
• Works with appropriate accounting contact persons for Intercompany transactions not going through the tool (e.g. marketing charges, fees & commissions, royalties, loans, interest and dividend related transactions)
• Monitors pending Intercompany requests (either Sending or Receiving) and provides status updates to parties who will need to action such requests
• Prepares accruals for recurring transactions (e.g. goods in transit and cash in transit)
• Ensures timely expense recognition (on both sides) for year-end Intercompany related accruals
• Reconciliation:
• Performs preliminary and final Intercompany reconciliations for all locations
• Resolves intercompany reconciling items (exceeding the threshold) within month-end reporting timelines
• Resolves intercompany reconciling items (below the threshold) within a two-month time frame.
• Prepares formal balance sheet reconciliations on required timelines (i.e. February, May, August, November and December)

Settlement:

• Coordinates with Treasury for any settlement requirements
• Prepares payments and collections relating to Intercompany

Taxation

• Prepare tax returns, payments, necessary paperwork, and reports.
• Assess and research difficult tax issues to identify solutions.
• Manage and maintain the company's tax database.
• Determine tax savings and recommend strategies to improve profits.
• Ensure you comply with regulations by forwarding required information to federal, state, and local authorities.
• Offer support and guidance during audits.
• Evaluate tax regulations and suggest policies that diminish tax burden.
• Keep track of industry trends and changes related to taxes.
• Prepare accurate quarterly and annual tax reports.

General:
Identify opportunities for continuous improvement of financial and accounting operations and systems, procedures and practices considering automation and improvement of business processes.

• Work closely with other finance and non-finance teams to achieve overall business objectives.
• Assist in developing and reviewing accounting policies and procedures to ensure compliance with IFRS.
• Work closely with the team to achieve the overall team's objectives.
• Assisted in any other projects or tasks the Head of Group Reporting assigned.

Qualifications

• Fully qualified accountant (ACA/ACCA or equivalent).
• Bachelor's degree in Business, Accounting or Finance.

Experience

• Minimum of 7-8 years' experience in a reputable/listed corporate organisation.
• Experience in a technical accounting role (desirable)
• Experience working in reputable audit firms (highly desirable)
• Experience in managing small teams (desirable)

Knowledge

• Fluent in both Arabic and English (mandatory)
• Detailed understanding of IFRS (including newly introduced standards)

Skills

• Ability to operate effectively with people at all levels of the business.
• Organisational and accounting skills.
• Strong written and verbal communication skills.

Traits

• High attention to detail
• Ability to work under pressure.
• Proactive
• Meet deadlines

Benefits

• A fast paced, high performing team.
• Comprehensive Health Insurance
• Life Insurance
• Rewards & Recognitions
• Learning & Development opportunities

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