Finance Manager
Dubai, United Arab Emirates Finance Manager
About the job Finance Manager
Job Title:
Finance Manager
Position Type:
Full Time
Reporting To:
Chief Financial Officer
Objectives:
Guide, train, and mentor the MIS team to ensure adherence to correct accounting policies and procedures. Ensure timely and accurate financial reporting and compliance with regulatory requirements. Manage and optimize the financial health of the organization through strategic budgeting, forecasting, and financial analysis. Maintain strong relationships with stakeholders, including landlords, auditors, and internal departments.
Duties:
Financial Reporting and Compliance:
Ensure accurate and timely closing of all legal entities Profit & Loss statements. Submit balance sheet schedules and monthly cash flow reports within given deadlines. Maintain clean balance sheet schedules and ensure zero intercompany variances at month-end. Submit bank reconciliations for approval at month-end. Apply necessary internal controls in financial processes and systems. Finalize and ensure adherence to Standard Operating Procedures (SOPs) for the finance department. Assist with any additional reporting requirements from management.
Leasing:
Maintain and review leasing agreements, ensuring accurate accounting for all landlord accounts and liabilities. Collaborate with Stacey to settle landlord dues promptly. Submit reconciliations for Statements of Account (SOA) to landlords. Build and maintain strong relationships with landlords.
Audit:
Lead and assist in year-end audit closing. Facilitate and support any ad-hoc audit requirements. Submit Financial Statements (FS) to the appropriate government bodies, such as DMCC, ESR, and FTA.
Budgeting, Forecasting, and FP&A:
Carry out the annual budgeting process and a three-month rolling forecast. Perform analysis of P&L, balance sheet, and cash flow to support informed decision-making by management. Provide ad-hoc financial analysis based on management and operations requirements.
Cost and Inventory Management:
Lead, train, and guide the cost team in collaboration with Dilantha to maximize output. Submit reports on Cost of Sales (COS) and inventory. Lead and submit sponsorship reports. Implement and oversee necessary SOPs to support operations. Conduct analysis of high-cost areas and identify gaps in inventory processes to bridge loopholes.
Fixed Assets:
Maintain an accurate fixed assets register, ensuring timely recognition of additions, deletions, and depreciation entries. Conduct fixed asset counts and recognize variances.
Tax Compliance:
Possess strong knowledge of VAT filing and corporate tax rules to ensure compliance in reporting and processes. Assist in the implementation of corporate tax policies and ensure adherence by all team members.
Qualifications and Experience:
Strong hospitality background with ACCA or Chartered Accountant qualification. Experience managing multiple properties from a cluster background. In-depth knowledge of IFRS, overall accounting principles, and hospitality accounting. Proficient in F&B costing and inventory management. Familiarity with top ERP systems, with experience in implementation being an added benefit.
Skills:
Excellent team management skills and the ability to conduct training where necessary. Strong experience in budgeting and forecasting with exceptional analytical skills. Effective problem-solving skills with a technology-driven mindset.* Ability to identify core issues and develop solutions that benefit management, operations, and finance.
