Assistant Manager - Accounts and Finance - (7874)

Apparel Group; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading retail group in Dubai is seeking an Assistant Manager – Accounts & Finance to support financial activities and ensure compliance. The role involves preparing financial statements, overseeing accounting operations, contributing to budgeting, and mentoring junior team members. Candidates should have over 5 years of relevant experience and a Bachelor's degree in accounting or finance. Proficiency in SAP or Oracle is preferred.

Qualifications

• 5+ years of experience in accounting and finance, preferably in a retail or corporate environment.
• Proficiency in accounting software and ERP systems.
• Bachelor’s degree in accounting, finance, or a related field.

Responsibilities

• Assist in the preparation of financial statements.
• Oversee day-to-day accounting activities.
• Contribute to annual budget preparation.
• Ensure adherence to tax laws and regulations.
• Support financial analysis and reporting.
• Monitor cash flow for operational needs.
• Assist in mentoring junior finance team members.

Skills

Proficiency in accounting software

Financial reporting

Budgeting and forecasting

Compliance with tax laws

Cash flow management

Team collaboration

Education

Bachelor’s degree in accounting

CA, CMA, or MBA in Finance

Tools

SAP

Oracle

Job description

The Assistant Manager – Accounts & Finance will provide both strategic and operational support by assisting in the supervision of financial activities at the group level. This role will be responsible for supporting financial planning, budgeting, compliance, and reporting while ensuring the accuracy of financial data, adherence to internal controls, and overall financial stability of the organization.

1. Financial Reporting

• Assist in the preparation of monthly, quarterly, and annual financial statements (Income Statement, Balance Sheet, and Cash Flow).
• Ensure accuracy and completeness of journal entries, account reconciliations, and financial reports.
• Support compliance with accounting standards (IFRS, GAAP, or other relevant local standards).

2. Accounting Operations

• Oversee day-to-day accounting activities, including accounts payable, accounts receivable, payroll, and general ledger functions.
• Support the implementation of internal controls to safeguard company assets and financial data.
• Assist in managing monthly and year-end closing procedures.

3. Budgeting & Forecasting

• Contribute to the preparation of the company’s annual budget and periodic financial forecasts.
• Monitor actual performance versus budget and prepare variance analysis.
• Identify and recommend cost-saving opportunities and risk mitigation strategies.

4. Compliance & Audit

• Ensure adherence to tax laws, financial regulations, and internal policies.
• Assist in coordinating with external auditors for statutory audits and ensuring timely completion.
• Monitor compliance with financial policies, procedures, and reporting requirements.

5. Financial Analysis

• Support financial analysis and reporting to aid management in decision-making.
• Assist in profitability analysis and cost control strategies.
• Evaluate financial trends and recommend optimization strategies.

6. Cash Flow Management

• Monitor cash flow to ensure adequate funds for operational requirements.
• Support bank relationship management, cash position tracking, and liquidity management.

7. Team Collaboration & Leadership

• Assist in guiding and mentoring junior finance team members.
• Work closely with cross-functional teams to ensure smooth financial operations and alignment with business goals.

8. Ad-hoc Duties & Special Projects

• Support special financial projects and process improvements as required.
• Stay updated with financial regulations, industry trends, and best practices.

DESIRED EXPERIENCE

The desired years of experience for an Assistant Manager – Accounts & Finance require 5+ years of experience in accounting and finance, preferably in a retail or corporate environment with Proficiency in accounting software and ERP systems (SAP, Oracle, etc.). Bachelor’s degree in accounting, Finance, or a related field (CA, CMA, or MBA in Finance preferred).

KEY RELATIONSHIPS

Accounts & Finance Team, Support Functions, Support Function etc.