Chief Financial Officer

ACCEL HUMAN RESOURCE CONSULTANTS; Dubai; On-site; USD 120,000 - 180,000; Full time

Job summary

A leading consulting firm is looking for a Chief Financial Officer specializing in Real Estate. The ideal candidate will bring over 15 years of experience in financial leadership, with a strong background in real estate industry standards, compliance, and strategic financial planning. Responsibilities include financial strategy development, investment management, and risk mitigation. The role requires leadership skills to guide the finance team while ensuring accountability to stakeholders.

Qualifications

• Minimum 15-20 years in senior positions, with at least 5 years specifically in real estate.
• Experience in financial planning, reporting, RERA compliance.

Responsibilities

• Develop and oversee financial strategies aligning with company objectives.
• Ensure compliance with RERA regulations and oversee financial reporting.
• Manage risk assessments related to real estate projects.

Skills

Financial Planning

RERA compliance

Financial Reporting

Budgeting and Forecasting

Cash Flow

Investments

Job description

Designation: Chief Financial Officer - Real Estate

Strategic Financial Leadership

1. Financial Planning & Strategy: Develop and oversee financial strategies that align with the company’s short-term and long-term objectives.

2. Investment Management: Analyze potential real estate investment opportunities to maximize ROI.

3. Risk Management: Identify financial risks associated with real estate projects and implement mitigation strategies.

4. Growth Initiatives: Provide insights and financial support for mergers, acquisitions, and expansions within the real estate portfolio.

Financial Reporting & Compliance

1. Regulatory Compliance: Ensure compliance with local laws, including RERA (Real Estate Regulatory Agency) regulations in the UAE.

2. Accurate Reporting: Oversee preparation of financial statements, budgets, and forecasts.

3. Tax Management: Implement tax-efficient strategies for transactions and projects.

4. Audit Coordination: Manage internal and external audits and maintain transparent financial records.

5. Managing AML compliance for the group companies which includes proper implementation of AML policy and filing of Real Estate Activity Reports (REAR) as per the requirement of Ministry of Economy.

Real Estate Project Oversight

1. Budgeting & Forecasting: Collaborate with the projects and procurement teams to monitor budgets for ongoing developments.

2. Project Financing: Secure funding for real estate projects through partnerships, or alternative financing options.

3. Cost Optimization: Review project expenses to control costs while maintaining quality standards.

Cash Flow & Asset Management

1. Liquidity Management: Oversee cash flow to ensure the company can meet its operational and project-specific financial needs.

2. Portfolio Optimization: Manage and monitor the company's real estate assets for profitability.

3. Debt Management: Strategize debt restructuring, repayment, and financing activities.

Leadership & Stakeholder Engagement

1. Team Leadership: Lead the finance team and provide training for enhanced performance.

2. Stakeholder Communication: Serve as the primary point of contact for investors, banks, and financial institutions.

3. Board Collaboration: Present financial updates, reports, and strategic plans to the Board of Directors.

Technology Integration

1. System Implementation: Oversee the implementation of financial technologies (ERP systems) to enhance reporting and project tracking.

2. Data Analysis: Leverage analytics to gain insights into market trends and financial performance.

Market Knowledge & Advisory

1. Real Estate Trends: Stay updated with market conditions, property values, and economic factors impacting the industry.

2. Policy Advising: Advise the CEO and other C-suite members on policy adjustments based on financial data.

Other Requirements and Skill

Alternate Designations: Head of Finance/Senior Finance Manager

Competitor companies: UAE Real Estate companies (Real estate developer, Property Management companies)

Minimum Experience: 15 -20 years as senior position (5 Year Experience in real estate field)

Job Location: Dubai, United Arab Emirates

Candidate location and notice period: Ready to hire from United Arab Emirates with 30 days notice period

Industry experience: Real Estate, Property Management (Preferably) & Facilities Management

Important keywords: Real Estate, Facilities Management, Financial Planning, RERA compliance, Financial Reporting, IFRS, Budgeting and Forecasting, Budgeting, Cash Flow, Investments

Other mandatory details: Confidential Role