Finance Assistant Manager (CAPEX)

Miral; United Arab Emirates; On-site; AED 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a dedicated finance professional to manage fixed assets and ensure compliance with accounting standards. In this role, you will be responsible for maintaining detailed schedules, reconciling accounts, and providing financial analysis to support decision-making. You will collaborate with various departments to enhance reporting accuracy and streamline financial workflows. This position offers the opportunity to contribute to process improvements and automation, making a significant impact on the organization’s financial operations. If you have a passion for finance and a keen eye for detail, this is the perfect opportunity for you.

Qualifications

• Minimum 3 years’ experience in finance roles.
• Excellent knowledge of IFRS accounting standards.

Responsibilities

• Review and update schedules of fixed assets and accumulated depreciation.
• Conduct periodic physical counts of fixed assets.
• Support external and internal audit processes.

Skills

Financial Analysis

IFRS Accounting Standards

Attention to Detail

Communication Skills

Interpersonal Skills

Education

Bachelor's Degree in Accounting

Job description

• Review and update the detailed schedule of fixed assets and accumulated depreciation and make sure FA schedules are reconciled with GL.
• Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
• Provide a monthly update on all capital expenditures (Capex) for the MX and MD groups, ensuring alignment with the approved budget. Prepare and send invoices to Miral on a quarterly basis.
• Preparation of ad hoc internal management reports as required.
• Assist in preparing various department monthly trackers on consolidated level for MX group.

Preparing and Maintaining Trackers

• Preparing day-to-day activities for Fixed Assets and maintaining Assets Capitalization & Assets Retirement.
• Updating reallocations of the Capex budget.
• Maintain records for PR & PO for each Capex Budget and update them in capex tracker.
• Conduct periodic physical counts of fixed assets.
• Investigate the potential obsolescence of fixed assets.
• Conduct financial analysis to support decision-making processes.
• Team member for Fixed Assets Tagging Projects to ensure completion of the project in line with the guidelines and timelines.
• Prepare and provide financial data and reports required for management review, audits, tax filings, and other regulatory reporting.

Audit and Compliance

• Support the external and internal audit process by providing necessary documentation, explanations, and reconciliations.
• Ensure compliance with internal financial policies, procedures, and controls, as well as all applicable regulatory requirements.

Process Improvement and Automation

• Create and monitor a system of controls, procedures, and forms for the recordation of fixed assets.
• Identify opportunities to improve fixed assets processes, enhance reporting accuracy, and implement automated solutions to streamline the general ledger function.
• Collaborate with IT and finance teams to ensure the integrity and functionality of the accounting systems.
• Implement best practices and standard operating procedures.
• Collaborate with other departments to streamline financial workflows.
• Bachelor’s degree in an accounting-related field
• Minimum 3 years’ experience in the field of finance
• Excellent knowledge of IFRS accounting standards
• High attention to detail
• Good communication and interpersonal skills