To manage funds in such a manner as to maximize return on investment while minimizing risk, and while also ensuring that an adequate control structure is in place over the transfer and investment of funds. Furthermore, engages in financial analysis in such areas as forecasting, budgeting, engaging in cost reduction analysis, and reviewing operational performance.
Maintain a documented system of accounting policies and procedures.
Manage outsourced functions.
Oversee the operations of the treasury department, including the design of an organizational structure adequate for achieving the department's goals and objectives.
Strategic contributions to the company based on established objectives, and financial resources.
Directly Responsibility for computerization of the financial activities using the approved Enterprise resource Planning (ERP).
Reviews closely the outcomes of the internal auditors’ recommendations, the company appointed auditors reports to hedge against any irregularities.
Lead the accounting team and manage general performance of accounting department and staff.
Forecast cash flow positions, related borrowing needs, and available funds for investment
Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements
Use hedging to mitigate financial risks related to the interest rates on the company's borrowings, as well as on its foreign exchange positions
Maintain banking relationships
Assist in determining the company's proper capital structure
Arrange for equity and debt financing
Recommend appropriate dividend issuance, based on historical dividend patterns and expected cash flows
Manage the preparation of the company's budget
Report to management on variances from the established budget, and the reasons for those variances
Assist management in the formulation of its overall strategic direction
Engage in ongoing cost reduction analyses in all areas of the company
Review the performance of competitors and report on key issues to management
Engage in bench marking studies to establish areas of potential operational improvement
Interpret the company's financial results to management and recommend improvement activities
Review company bottlenecks and recommend changes to improve the overall level of company throughput
Participate in target costing activities to create products that meeting predetermined price goals
Assist in the determination of product pricing in relation to features offered and competitor pricing
Compile key business metrics and report on them to management
Manage the capital budgeting process, based on constraint analysis and discounted cash flow analysis
Create additional analyses and reports as requested by management
Skills and Qualifications:
University graduate, bachelor degree
Candidate should have a Bachelor's degree in finance or accounting, or equivalent. Preference will be given to candidates with the Certified Public Accountant or Certified financial analyst or Certified Management Accountant designations.
Candidate should have overall practical experience of minimum 15 years of progressively responsible experience for a major company or division of a large corporation.
Fluency in English and Other languages are preferable.
Excellent communication skills are essential, particularly in regards to presenting the results of analyses to management.
Computer Skills: Necessary Proficient use of Microsoft Office Applications.
Should have an outstanding knowledge of electronic spreadsheets.
Location: Dubai United Arab Emirates
Posted On: on 25/9/18
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