DESIGNATION: Deputy Finance Manager
AUTHORITY: Chief Financial Officer
DEPARTMENT: Finance
Desirable Knowledge and skills: At least 5-8 years’ work experience within UAE banking.
Project management skills Knowledge of business development activities
Scope: To ensure that the Finance Department provides a professional financial support service to the company, its senior managers and subsidiaries, in a timely accurate and relevant manner To ensure all financial transactions are recorded and processed in compliance with the agreed internal control framework in a timely and accurate manner To ensure management accounts, budgets, forecasts and annual financial statements are prepared to agreed timescales supported by appropriate reconciliations To ensure the integrity of the company’s financial systems, including all feeder systems, providing robust financial appraisal and monitoring of business development and capital projects Deputies for the Chief Financial Officer (CFO), in their absence and work with the CFO to implement strategic decisions Dimensions of the job:
Duties are carried out for the company and all its subsidiaries, associated and connected entities Qualifications Degree in related discipline (Accounting, Finance, Economics)
Professional qualification from a recognized CCAB accountancy body (ACCA, CA, CIMA, ICAEW) – professional qualifications of equal standing from other countries will be considered
JD- To ensure that the Finance Department provides a professional financial support service to the company, its senior managers and subsidiaries in a timely accurate and relevant manner
To ensure all financial transactions are recorded and processed in compliance with the agreed internal control framework in a timely and accurate manner
To ensure management accounts, annual financial statements are prepared to agreed timescales supported by appropriate reconciliations; including profit and loss, balance sheet and cash flow statements
Comprehensive monthly balance sheet reconciliations for each balance sheet item
To ensure the integrity of the company’s financial systems, including all feeder systems, and provide robust financial appraisal and monitoring of business development and capital projects
Manage, lead and develop the finance team
Develop, review and maintain financial policies and procedures
Develop and maintain the Finance Manual
Identify areas of cost management and control
Develop and report key business Key Performance Indicators (KPI’s)
Business partner; support to budget holders and heads of departments across the company, through monthly meetings to discuss performance against expectations, and agree action plans
Assist the Chief Financial Officer to formulate strategic plans
Assist the Chief Financial Officer in the annual budget setting process
Assist the Chief Financial Officer in maintaining the corporate risk register
Manage and develop finance systems; evaluate and implement efficiencies, integration with other IT systems
Treasury: prepare weekly and monthly cash forecasts with emphasis on liquidity management
Manage the annual audit process; liaise with external auditors to audit completion, completion of external audit within agreed deadline
Produce draft financial accounts pack and related schedules for annual external audit
Liaise with all internal and external stakeholders; departmental heads, suppliers, customers, bank, external and internal auditors
Excellent knowledge of IFRS; monitor and advice on changes in accounting standards, and impact on financial reporting
Ensure all statutory and other returns are completed accurately, within set deadlines and payments made in accordance with time limits
Manage and appraise all direct reports and ensure their technical and development needs are identified
Maintain the framework of internal control and delegated authority appropriate to the company’s scale, risk and operations
Maintain the confidentiality of the Data.
Comply with the Health, Safety and Environmental Policies
Develop and implement safe working practices for concerned department
Prepare and maintain inspection reports within the department
Ensure Incidents are reported, recorded and support investigations
Reprimand employees failing to discharge HSE responsibilities. Salary : AED 40,000/ to AED 45000 (Negotiable) Benefits: Company Maintained Car+ Annual Air Ticket (Self+ Spouse+ 2 kids)+ Visa and Medical Insurance (Self+ Spouse+ 2 kids)
