Job Purpose:
The Finance Manager will play a pivotal role in overseeing the financial management of HTIC Global’s insurance brokering operations in the UAE.
Primary Responsibilities:
• General Ledger (GL) Management: Maintain the standards of bookkeeping, integrity of the general ledger, ensuring accuracy in journal entries and overall financial data.
• Accounts Receivable (AR): Oversee the AR process to ensure timely reconciliation. Statements of Accounts (SOA) must be processed on time, with collections of payments completed within the established timeline.
• Accounts Payable (AP): Manage the AP process, Ensure the collection of commissions, and that periodic vendor payments are processed promptly without any delays.
• Financial Reporting: Oversee monthly, quarterly, and annual financial reports in collaboration with the GL Managers, ensuring timely and accurate MIS reporting of business performance.
• Budgeting & Forecasting: Lead the budgeting and financial forecasting processes, ensuring alignment with strategic objectives. Implement cost management strategies to control overspending and optimize savings.
• Financial Planning & Analysis: Analyze financial results, provide variance analysis, and deliver insightful commentary for management decisions. – cost control on over
• Insurance-Specific Financial Management: Handle finance-related functions in the insurance brokering business, including commission tracking, premium reconciliation, and revenue recognition.
• Tax Management & Compliance: Ensure compliance with UAE tax regulations, manage tax filings, and lead tax audits.
• Audit & Regulatory Compliance: Manage internal and external audits, ensuring compliance with regulatory frameworks and financial standards.
• Team Management: Supervise and mentor the finance team to ensure high performance and continuous professional development.
Skills and Qualifications:
• Education: o MBA from a reputed institute is preferred, (or) CA Inter or CA qualification.
• Experience:
o Minimum of 8 years of relevant finance experience, preferably in the insurance or financial services sector.
o Proven experience in managing GL, AR, AP, and financial reporting.
o Strong knowledge of tax management, audits, and financial compliance.
o Knowledge of UAE tax regulations and compliance standards is preferred.
o Experience with financial systems and accounting software
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