Divisional Finance Manager - Automotive

Binding Partnerships; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading regional holding company is seeking a Divisional Finance Manager for its Automotive and Travel divisions. This pivotal role requires extensive experience in finance management, a Chartered Accountant qualification, and a proven track record in the automotive sector. The manager will be responsible for financial oversight, operational strategy, and implementing controls to ensure compliance and efficiency.

Qualifications

• 5+ years of experience in finance management.
• Proven track record within the Automotive sector.
• Regional experience preferred.

Responsibilities

• Implement financial controls and prevent misuse of funds.
• Develop operational and strategic business plans.
• Prepare monthly financial reports including P&L and cash flow.

Skills

Financial Controls

Operational Strategy

Revenue Analysis

Budget Preparation

Chartered Accountant

Education

Chartered Accountant or similar qualification

Job description

POSITION: DIVISIONAL FINANCE MANAGER - AUTOMOTIVE & TRAVEL DIVISIONS

This is a unique opportunity to join a regional holding company which has ambitious expansion plans. This person will be involved in high level decision making on both operations and the long-term strategy of the group. This position will report directly into the Chief Financial Officer.

KEY RESPONSIBILITIES:
- To ensure all the Group policies and procedures are implemented properly, communicated to all staff, monitored regularly, adhered too in all instances and rolled out to any new employees.
- Where a policy or procedure is required but not yet developed, to develop such policy in the required format, obtain the necessary approvals and implement.
- To implement financial controls in the businesses which prevent misuse and misappropriation of funds or assets and inefficient cost control.
- Serve as a key member of the senior management team to develop operational and strategic business plans, forecasts and feasibility studies.
- Preparation of reports daily, weekly and monthly which include but are not limited to revenue analysis, debtors analysis, monthly management accounts.
- Preparation of annual budgets per business unit with quarterly updated rolling forecasts.
- Preparation and presentation of monthly Business Review Pack (BUR).
- Submission of a monthly Financial Manager’s report summarizing the performance of the businesses under your control, which includes a P&L, variance analysis against budget and forecast, balance sheet and cash flow, focus areas for the next month, control weaknesses and corrective actions.
- Management and control of all banking related transactions within the Automotive and Travel Divisions.
- Daily cash flow monitoring and management which includes the management of payables.
- Monthly balance sheet reconciliations review and authorize.
- Preparation of accounts must be in line with IFRS.
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REQUIREMENTS:
- 5 + years of experience
- Chartered Accountant or similar qualification
- Proven track record within the Automotive sector
- Regional experience is preferred.

About The Company

Binding Partnerships is an exceptional provider of executive search and bespoke recruitment solutions.

With offices located in Dubai and Abu Dhabi we are perfectly positioned to service the growing needs of clients and candidates across the Middle East.

By working in partnership with both our clients and candidates, listening to their needs, researching and then offering confidential, practical and informed advice and solutions we are able to build long-term relationships with the professionals with whom we work.