Manager - Corporate Finance & Accounts
Job Description
Scope & Purpose:
The Finance Manager will play a critical role in the Corporate Head Office of ESAG. His main responsibilities will include overseeing complex financial processes, ensuring accurate financial reporting, leading the consolidation of financials, managing post-merger integration activities for newly acquired entities, and supporting group restructuring activities. This position demands a strong understanding of financial reporting, auditing, and accounting standards, and the ability to collaborate with both internal and external stakeholders.
Key Responsibilities:
Group entities Audit Planning 1. Develop and maintain the project plan for the audit cycle, including timelines, milestones, and deadlines such that all audits are concluded by max Q2 each year.
2. Facilitate clear communication between auditors and finance teams, addressing any concerns or issues that may arise.
3. Manage and track the progress of audit activities, resolving issues promptly to ensure smooth execution.
4. Work closely with finance teams to identify and resolve significant accounting and auditing issues or discrepancies discovered during audits that may hinder the audit timelines.
5. Ensure that any follow-up actions identified by auditors are promptly addressed by the respective finance teams.
6. Provide regular updates to senior management on the status of the audit cycle, highlighting any potential risks, issues, or delays. Escalate any significant issues or delays to senior management and collaborate on finding solutions.
7. Analyze the audit process after each cycle to identify areas for improvement in terms of efficiency, communication, and overall execution. Propose and implement improvements to streamline future audits and enhance collaboration between teams and auditors.
Group Consolidation
1. Lead the preparation and review of the ESAG Group’s consolidation workings and consolidated financial statements, including balance sheet, income statement, cash flow statement and related notes to the accounts. Additionally, also prepare consolidation workings and consolidated financial statements of other 4 main and sub-holdings.
2. Ensure that consolidation is carried out in accordance with IFRS.
3. Perform complete inter-company balance reconciliation workings and the elimination of inter-company transactions.
4. Perform expected credit loss workings each year based on the existing template and Group's policy.
5. Coordinate the financial reporting process for all subsidiaries and ensure accurate consolidation timelines are adhered to.
Post-merger integration Process (Liaison between acquired entity and ESAG Group)
1. Work closely with senior management and various stakeholders to define integration goals, objectives, and success metrics for acquired entity integration.
2. Lead the development and execution of the post-merger integration plan of the acquired entity, focusing on aligning the financial operations with the Group’s standards.
3. Lead the integration of financial systems, ensuring the acquired entity is seamlessly incorporated into the Group's ERP system (SAP). Identify and resolve any discrepancies or issues in the reporting structure, ensuring compliance with internal controls, accounting standards, and regulatory requirements.
4. Act as the primary point of contact between corporate finance teams from both the Group and the acquired entity, facilitating communication and collaboration throughout the integration process. Coordinate integration activities between corporate finance teams of both ESAG Group and the acquired entity to ensure that timelines and milestones are met.
5. Oversee the harmonization of financial reporting, policies, and processes to ensure consistency across the Group. Ensure consistency in accounting principles, chart of accounts, and financial reporting.
6. Ensure the timely and accurate preparation of monthly MIS, and annual financial reports for the Group, reflecting the integration of the acquired entity.
7. Integrate the acquired entity’s budgeting and forecasting processes into the Group’s financial planning framework.
8. Report to senior leadership on the status of the integration, highlighting key achievements, risks, and challenges.
9. Manage relationships with external auditors during the integration phase (auditors to be changed).
10. Drive continuous improvement in integration processes, identifying lessons learned and incorporating them into future integration initiatives.
11. Assess and manage the financial risks associated with the integration, including tax, compliance, and regulatory concerns.
12. Ensure the newly integrated entity adheres to Group-wide financial policies, internal controls, and regulatory requirements.
13. Ensure alignment of financial integration with broader business strategies, working closely with cross-functional teams such as IT, HCD, etc. Coordinate with legal, tax, and compliance teams to address any post-merger regulatory or compliance matters.
14. Harmonization and integration of accounting/budgets and related core processes into the ESAG SAP system and DOA.
15. Suggest necessary changes/improvements in Accounting/Finance.
Skills
Education: 1. Professional qualifications such as CA, CPA, ACA, or ACCA (essential).
2. Bachelor's degree in Finance, Accounting, or related field (preferred).
Experience:
1. Minimum 4 - 6 years of relevant experience in financial management, consolidation, accounting, or audit.
2. Experience in working with multinational organizations (Big4 preferred) and handling complex consolidation processes.
3. Proven track record in post-merger financial integration and managing external audit relationships.
4. Experience in financial reporting under IFRS.
5. Familiarity with ERP systems and financial software is an advantage.
Skills:
1. Strong knowledge of financial accounting, consolidation, and reporting practices.
2. Expertise in managing external audits and ensuring regulatory compliance.
3. Proficiency in financial analysis, reporting, and variance analysis.
4. Excellent organizational and time-management skills.
5. Strong problem-solving and analytical thinking abilities.
6. Effective communication skills to liaise with senior management and external parties.
7. Ability to work under pressure and meet deadlines.
Job Location Dubai, UAE Job Role Accounting/Banking/Finance Years of Experience Min: 8 Max: 15 Residence Location United Arab Emirates
