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Job Specification

  • Number of Vacancies: 1
  • Job Type: Full-time
  • Experience: 15 to 17 years
  • Job Code: JB108691
  • Expiry Date: May 25, 2018

Job Summary

  • Functional Area: Finance
  • Job Role: Finance Manager
  • Location: Dubai United Arab Emirates

Job Description

  • 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.
Funds Management:
  • 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
  • Invest funds
  • 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
Financial Analysis:
  • 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.

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