Position: Senior Finance Officer
Date posted: 2024-11-20
Industry: other
Employment type: Full Time
Experience: 7 to 10 year
Qualification: CPA/CMA/CFA
Salary: AED 5000 to 15000
Location: Dubai, United Arab Emirates
Company: Confidential
Description:
Hiring Senior Finance Officer
Location : Dubai, UAE
To lead, organize, & oversee the financial operations of the group. The role ensures accurate financial management, regulatory compliance, and strategic planning while streamlining processes & maintaining cost efficiency.
Responsibilities:
- Develop & implement standardized financial policies, procedures, and systems across all companies
- Oversee budgeting, forecasting, & variance analysis for each company
- Consolidate financial statements & reports to provide clear picture of overall group performance
- Conduct in-depth cost & financial analysis to identify inefficiencies & recommend actions to reduce unnecessary expenses across all companies
- Manage day-to-day operations of finance, ensuring timely processing of transactions, payroll, & reconciliations
- Allocate resources, prioritize tasks across companies to meet unique operational needs
- Collaborate with company managers to understand their financial requirements & align finance processes accordingly
- Ensure compliance with UAE financial regulations, tax laws(e.g., VAT), industry standards
- Monitor & mitigate financial risks, including receivables management & cash flow optimization
- Coordinate with external auditors & manage audits for group & individual companies
- Supervise & mentor finance staff within the department, Evaluate team performance & recommend training or restructuring to improve efficiency
- Leverage SAP system to streamline reporting, financial management, & decision-making processes
- Ensure efficient use of SAP modules across all companies to meet their specific needs(e.g., financial accounting, inventory management, and project tracking)
- Provide training support to finance staff on SAP functionalities to maximize system capabilities
- Collaborate with SAP consultants or IT team to address system issues, implement upgrades, customize reports as needed
- Act as a financial advisor to team, provide insights on profitability, cost control, & investment opportunities
- Develop & monitor KPIs for finance department & each company Assist in strategic decisions like capital allocation, project feasibility, & business expansion
- Regularly present cost-saving initiatives to management, with data-driven insights on potential savings & ROI
- Collaborate with operational managers to align cost-cutting strategies with business objectives without compromising performance
Qualifications
- Bachelor’s degree in Accounting, Finance, or a related field (Master’s or CPA/CMA/CFA preferred)
- Minimum 7-10 years of experience in multi-business or shared accounting environment, with at least 3 years in senior role
- Strong knowledge of UAE tax laws & accounting standards(IFRS)
- Proficiency in financial software(SAP) ERP systems
- Exceptional analytical, organizational, & leadership skills
- Effective communication & problem-solving abilities
To apply for this job email your details to recruitment@dubaieuro.com
Application ends on December 20, 2024