Finance Manager

Job summary

We are seeking a skilled and experienced Financial Manager to oversee and optimize our organization's financial operations. This position requires an experienced finance professional with a strong background in nonprofit financial management, ERP systems, financial analytics, day-to-day financial operations, stakeholder engagement, and strategic financial planning. The role entails managing Financial Planning and Analysis, Financial Accounting and Reporting, Grants and Income Management, Cash Flow Management, and Audit and Compliance. Key responsibilities include developing and monitoring budgets, providing financial insights for strategic decision-making, ensuring accurate financial reporting and compliance with relevant regulations, managing grants and income streams, optimizing cash flow, and coordinating audits. The ideal candidate will possess strong financial acumen, analytical skills, and the ability to collaborate effectively with internal and external stakeholders to drive financial efficiency and transparency. This role offers an opportunity to contribute to the financial sustainability and growth of our organization while ensuring adherence to best practices and regulatory requirements. 

The ideal candidate will be analytical, detail-oriented, and highly motivated. Effective verbal and written communication skills, strategic and critical thinking skills are essential for stakeholder management.

Major duties and Key Responsibilities

Financial Planning and Analysis: 

• Develop, implement, and monitor the organization's annual budget in collaboration with relevant stakeholders. 
• Develop and maintain financial models to support long-term planning, scenario analysis, and forecasting. 
• Analyze financial trends and provide recommendations for strategic decision-making. 
• Develop multi-year financial projections liaising with Unit Directors and COO. 
• Provide financial analysis and insights, weekly finance updates and projections to support strategic decision-making. 
• Track and report on budget variances, identifying areas for improvement or cost-saving opportunities. 

Financial Accounting and Reporting: 

• Prepare accurate and timely monthly reporting packs for projects and other business units and discuss variances and forecasts with respective unit directors and project managers. 
• Ensure compliance with relevant IFRS, UAE VAT and corporate tax laws. 
• Produce financial reports for external stakeholders, including donors, partners, and regulatory bodies such as MOCD. 
• Supervise monthly closing exercises, payments to vendors and consultants and follow up of overdue receivables. 
• Prepare and review monthly, quarterly, and annual financial reports, including balance sheets, income statements, and cash flow statements. 
• Supervise and recommend updates in internal control processes and SOPs. 
• Prepare monthly payroll and manage Staff leave, End of service and other benefits provisions. 
• Manage full-time staff and consultants planning and staff cost allocations to ensure staff costs are aligned with unit and project budgets. 

Grants and Income Management: 

• Oversee the financial aspects of grants, subscription income, sponsorships including budgeting, reporting, and compliance against signed agreement and UAE laws.
• Collaborate with project managers to ensure accurate tracking of funds and alignment with grant/sponsorship requirements. 
•  Prepare financial reports for sponsors and grantors, showcasing the impact of funds allocated. 

Cash Flow Management: 

• Manage cash flow to ensure the organization's operational needs are met. 
• Monitor project cash flow requirements, identifying potential issues and proposing solutions. 
• Maintain relationships with financial institutions and manage banking activities. 
• Analyzes revenue, expenses, cash flows, and balance sheets. 
• Assists management in making financial decisions. 

Audit and Compliance: 

• Coordinate and liaise with external auditors, and auditors from regulatory bodies during the annual and periodic audit process. 
• Ensure compliance with IFRS, WWF international guidelines, UAE fundraising laws and reporting requirements. 
• Implement and maintain internal controls to safeguard the organization's financial assets. 
• Monitors financial details to ensure legal compliance.