Director – Finance
Job Location : Dubai, United Arab Emirates
Main Duties and Responsibilities :
• Secure the financial health and stability of the company;
• Oversee the overall accounting processes ensuring that proper books of accounts are maintained for effective financial control in accordance with corporate standards and local statutory requirements;
• Conceptualize a smooth and efficient recovery plan to ensure that all debts are collected in a timely manner and coordinate with the insurance company as well as the sales and legal departments of the company on credit actions;
• Develop financial business modules based on need using adequate tools to assess project costs, profits and risks;
• Manage the annual budget preparation and periodic forecasts and prepare periodic financial analysis of the company financial situation supporting management decision;
• Ensure compliance with local regulations, tax laws, transfer pricing and other applicable regulations;
• Identify opportunities for optimizing financial and accounting operations and systems, consolidate operating improvements and processes at departmental level and drive the transformation with the IT department;
• Ensure the timely preparation of monthly, quarterly and annual financial statements for the company and its related subsidiaries in compliance with IFRS and/or other guiding principles;
• Manage the consolidation of group IFRS reporting pack and liaise with auditors on the consolidation audits;
• Lead and participate as the key finance stakeholder in cross functional teams;
• Implement and drive the core financial processes and reporting activities including annual operating plans, long term plans and quarterly business reviews;
• Lead ad hoc financial analysis and root cause investigations;
• Monitor financial performance indicators, analyze trends and causes on unexpected variances;
• Oversee the company’s regulatory and reporting requirements and implement risk mitigation strategies;
• Manage the cash flow across the entities of the group;
• Liaise with the Legal Department and auditors to establish new entities and review all needed contracts;
• Provide financial and tax consultancy on new projects or models across countries;
• Develop internal control frameworks for operational processes and embed the automated controls in the system;
• Liaise with Internal and External Auditors on audit plans and closings;
• Liaise with External Tax Consultants on the deliverables needed to comply with transfer pricing and applicable laws;
Requirements :
• Bachelor’s degree in Finance or Accounting.
• At least 12 years of relevant experience, including a minimum of 5 years in the UAE.
• CFA or CPA certification is preferred.
• A retail industry background is mandatory.
• Fluency in Arabic is mandatory.