Director of Financial Affair | UAEN

Top Executive Searches; Abu Dhabi; On-site; USD 100,000 - 160,000; Full time

Job summary

A leading company in Abu Dhabi is seeking a Director of Financial Affairs tasked with overseeing the financial strategy and compliance. The ideal candidate will possess significant experience in finance with strong leadership capabilities. Responsibilities include budgeting, financial planning, and fostering team development to meet corporate objectives. This role demands fluency in Arabic and English and a history of effective financial management.

Qualifications

• 14-15 years of relevant experience in finance; 8 years in managerial role.
• Fluent in Arabic and English.

Responsibilities

• Oversee finance strategy development and implementation.
• Direct budgeting, financial planning, and compliance with regulations.
• Lead talent development and align department goals with company objectives.

Skills

Leadership

Financial Planning

Budgeting

Accounting

Education

Bachelor’s Degree in Accounting or Finance

Master’s Degree in relevant subject (preferred)

Certified Public Accountant (CPA)

Certified Management Accountant (CMA)

Chartered Financial Analyst (CFA)

Association of Chartered Certified Accountant (ACCA)

Job description

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Job Title : Director of Financial Affairs – EXCLUSIVELY FOR EMIRATI NATIONALS

Job Location : Abu Dhabi

Remuneration : Competitive

Job Responsibilities :

Job Objective : Oversee and direct the development and implementation of finance strategy within the company including but not limited to budgeting, financial planning and accounting to support the delivery of the strategic objectives, ensuring adherence to the approved risk appetite and compliance with internal policy and external regulatory obligations.

Key Responsibilities / Duties

A. Strategy and Planning

• Direct and lead the development and implementation of the department related policies, systems, procedures manual, Delegation of Authority, system user manuals and standard forms to ensure compliance across the Authority and alignment with the company’s overall policies and procedures.
• Ensure effective cascading of the sector strategy into the department’s strategic and operational plans to achieve the company’s overall objectives.
• Develop and direct the implementation of the department strategic, budget and procurement, and operational plans, and monitor corporate performance ensuring alignment with the sector strategy, the company’s vision, mission and corporate objectives.
• Forecast and develop department budget and direct the monitoring of financial performance against the budget to ensure areas of unsatisfactory performance are identified, and potential areas of cost reduction or performance improvement opportunities are capitalized upon.
• Develop the department Key Performance Indicators (KPIs) in line with the company’s overall objectives and ensure that sections meet KPIs in order to improve efficiency and effectiveness.

B. Operations

I) Budgeting and Financial Planning :

• Review the consolidated financial plan and budget, ensuring the availability of funds for financial approvals and alignment with the company’s overall strategic objectives.
• Review and approved the projected expenditure plan and ensure its efficient and effective implementation by the company’s organizational units.
• Oversee the development of policy and procedures for preparing budgets and publication throughout the company to ensure awareness of the relevant organizational units.
• Review the analysis and reporting of financial performance versus the plan and budget, and ensure that the business is aware of anticipated costs / revenues; areas of unsatisfactory performance are identified, and potential performance improvement opportunities are capitalized upon.
• Direct the assimilation, communication and reporting of financial performance to business leaders to ensure that the annual budget reflects all operational activities.
• Ensure that the right level of support is provided to all sectors on matters related to administration of policies, planning, and budgeting in line with the overall business strategy and functional plans.
• Review and approve the periodic expense reports prior to submission to management.

II) Accounting :

• Oversee and direct the development and implementation of accounting operational strategies, policies, procedures and processes to ensure compliance with the company’s management requirements and alignment with industry standards.
• Oversee all aspects of financial accounting and perform tactical reviews of outflows and exceptions to ensure accuracy of information and compliance with internal policy and external regulatory obligations; and enable management to make decisions based on adequate and up to date financial data and analysis.
• Ensure payments to beneficiaries are made accurately and on-time, reporting back to the relevant functions of any deviations / issues.
• Direct the execution of all treasury activities to facilitate planning for adequate liquidity to meet major financial requirements of the company.
• Oversee all leases, contracts and other financial commitments to ensure timely processing payments.
• Direct the appointment / reappointment of external auditors as per the company policy.
• Direct timely completion of annual and semi-annual audited financial report and audit on Internal Control over Financial Reporting, and coordinate with Internal Auditor to address the findings.
• Address the findings from external auditors on account of organizational internal control issues and take initiative in coordination with relevant organizational units to close the gap.

C. Talent Management and Development

• Direct the effective achievement of department operational goals through effective leadership and by setting department objectives, managing performance within the department, and developing and motivating the team to maximize performance.
• Oversee and lead talent development initiatives in coordination with the Human Resources Department and discipline experts and thereby ensure the availability of talent to fit the company’s requirements.
• Act as a role model and ensure the team adheres to organizational values and ethics to establish a value-driven culture within the Authority.
• Share professional expertise and knowledge to build internal intellectual capital and facilitate knowledge sharing across the Authority.
• Manage, mentor, guide and coach section heads by using effective leadership strategies, providing directions and ensuring proper execution of all initiative undertaken by the company to the highest standards.

D. Corporate

• Oversee and direct periodic organizational structure change and to ensure optimal resource utilization.
• Direct change management through continuous improvement of department systems, processes and practices taking into account global standards and changes in the business environment, which demand proactive action plans.
• Ensure that all department reports are prepared timely and accurately and meet the company requirements, and quality standards.
• Oversee department adherence and compliance with all the company corporate policies, procedures and guidelines (HR, IT, Procurement, Finance, Health and Safety etc.) and code of business conduct.

E. General

• The level of performance should reflect the academic qualification, type of courses in the field of specialization, employee job level, and the level of productivity.
• The academic and professional certificates required and approved by the company should be acquired within the period specified and based on the employee’s Individual Development Plan.
• Perform the task and responsibilities independently unless an approval or directive was obtained to delegate the task to other employees in case of incapability to perform the tasks and responsibilities.
• Ensure teamwork, collaboration and dedication in performing duties.
• Showcase a strong leadership to the team members.
• Knowledge and awareness about the capabilities of the subordinates and showcase a strong knowledge in the field of specialization.
• Provide the required support and guidance to the subordinates.
• Take responsibility of the decisions made.

To qualify for this role, you must have :

• 14-15 years of relevant experience in finance out of which 8 years in managerial role.
• Bachelor’s Degree in Accounting or Finance or similar field.
• Certified Public Accountant (CPA), Certified Management Accountant (CMA), Chartered Financial Analyst (CFA), Association of Chartered Certified Accountant (ACCA)
• Fluent in Arabic and English.
• Master’s Degree in relevant subject is preferred.

Seniority level

Seniority level

Director

Employment type

Employment type

Full-time

Job function

Job function

Finance and Sales

Business Consulting and Services

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