Assistant Finance Manager

• Financial Reporting and Analysis: 

 Prepare monthly and annual financial statements for UAE and KSA entities

 Ensure accuracy and compliance with accounting standards (IFRS) and regulatory requirements.

 Conduct financial analysis to provide insights into performance within established timelines in areas such as operating results and budget versus actual and report any issues to the Finance Manager.

 Prepare the Revenue Margin Analysis by project, the Work in progress reports, the Net Capital Employed and other ad-hoc reports as required by the Management and Head of Industries Finance. 

• Accounting, Record keeping and Treasury 

 Supervise the day-to-day operations of the Accounts Department including accounts payable, advance paid, accounts receivable, advances received and general ledger and all reconciliations with the debtors, creditors and group companies. 

 Ensure the proper recording and classification of financial transaction in accordance with accounting standards and conduct a periodic review of the Trial Balance and report findings to the Finance Manager. 

 Work with Group IT to ensure the overall accuracy, completeness, timeliness and usability of system generated financial data. 

 Prepare the schedule of guarantees on a monthly basis and review the same on the periodic basis to ensure the open-ended guarantees are monitored and adequate measures taken to ensure timely reduction/cancellations.

 Negotiate and review terms when opening of LCs (Import) and Bank guarantees in line with Tramlines document. Ensure guarantees are raised based on available bank facilities. 

 Prepare cash flow forecasts on a monthly basis to ensure adequate liquidity.

 Prepare project allocation reports and provide these timely for Finance Manager to take timely action 

 Reviewing the reconciliation performed by the team or FSS

• Budgeting and Forecasting 

 Manage and lead the timely preparation of the financial budget for the company working closely with department heads to create accurate financial projections.

 Ensure effective implementation and enforcement of the approved budget, monitor and report on budget variance and identify key issues and potential corrective action.

• Audit and Internal Controls:

 Manage the external audit process including preparation of year end and interim financial statements to be produced in line with ATG and up to date IFRS guidelines

 Maintain strong internal controls to safeguard the organisation’s assets and ensure accuracy of financial data.

 Support the Finance Manager of the business with any data analysis, financial ratios, feasibility etc

• Tax Compliance and Reporting 

 Review quarterly VAT returns and ensure the returns are filed in compliance with the Corporate Tax Guidelines and Federal Tax Authority regulations. 

 Liaise with Tax Authorities in case of a Tax Audit