Assistant Manager - Commercial Finance - Dubai Holding Real Estate

Dubai Holding; Dubai; On-site; AED 120,000 - 150,000; Full time

Job summary

Dubai Holding is seeking a finance professional to manage MIS Reporting, Budgeting, and Commercial Finance. The role involves developing budgets, analyzing financial data, and ensuring compliance with company policies. Candidates should have a strong background in finance, excellent analytical skills, and proficiency in financial software. Join a dynamic team committed to creating a connected city for tomorrow.

Benefits

Competitive Compensation

Career Development Opportunities

Collaborative Work Environment

Qualifications

• Minimum of 4 to 6 years’ experience in Finance, preferably in real estate.
• Proficiency in financial modeling and budgeting.

Responsibilities

• Support in developing budget plans and schedules.
• Assist in preparation of periodic Management Information Reports.
• Monitor project indicators vs approved budget.

Skills

Analytical Skills

Attention to Details

Conflict Resolution

Risk Assessment

Compliance Reporting

Communication

Presentation Skills

Education

Graduate in Accounting/Finance

CA/ACCA

Tools

Oracle System

MS Office Tools

Hyperion Budgeting Software

Job description

About Dubai Holding Real Estate:

Dubai Holding’s real estate business has developed strategic destinations and communities that offer unique and attractive lifestyle opportunities to meet the evolving needs of Dubai’s residents and visitors alike. As a master developer, we invest in sustainable infrastructure, accessibility, community amenities and family-focused facilities including community centers, mosques, schools, supermarkets and landscaping.

Our integrated real estate offering also includes a robust land sales portfolio, project management for large-scale projects, as well as top-notch facilities management services.

Job Purpose:

The job holder will provide support and contribute in managing the MIS Reporting, Budgeting and Commercial Finance areas of the business ensuring accurate financial information, effective budgeting processes, and informed decision-making within the organization.

Key job responsibilities:

• Provide support in developing budget plans and schedules in line with Group policies and procedures and execute the budgetary plans in coordination with concerned departments to ensure smooth preparation of budgets.

• Act as a liaison between entity/department heads and finance team for collating the information required to develop annual budgets. Support in monitoring its implementation and for any subsequent budget recalibrations or forecasts required by the management.

• Assist in preparation of periodic and ad hoc Management Information Reports to provide Management with timely and relevant information for making informed decisions to ensure the effectiveness of the cost control within the company Develop and maintain appropriate KPI information reporting systems.

• Perform variance analyses of the actual results in relation to the budgeted figures to ensure KPI delivery. Investigate variances and prepare financial reviews recommending upward or business requirements.

• Analyze monthly reporting related to operational performance, variances and metrics in order to forecast the budgetary exceptions during the operating year.

• Monitor project indicators vs approved budget, feasibility studies and target budgets to Project Management Company, including but not limited to, project progress, costs, returns, KPIs, etc. Identify and investigate variances or red flags and liaise with stakeholders as required.

• Assist in review of commercial transactions prior to submission to the management or investment committee; including but not limited to project launches, contractor appointments, budget approvals, etc.

• Contribute in developing Budgetary, IS and Project reporting policies, process, procedures, forms and templates that ensure adequate budgetary controls and reporting structure for overall company operations thereby ensuring the cost advantage in all its resource utilization and financial activities.

• Modify and maintain financial models for budgetary and business analysis to ensure accuracy of budgetary assumptions.

• Provide inputs to develop and enhance budgeting, planning, controlling and reporting tools to minimize the variance and to bring more accuracy in budgeting and reporting processes.

• Assist in providing input to the development and enhancements of Budgetary and MIS systems in coordination with other concerned department to ensure generation of budgetary/ actual transaction, accounting and financial reports that are required to meet the business objectives.

• Maintain full control over the Hyperion Budgeting software to ensure budgets are prepared, maintained and monitored accurately within the software. Identify and raise any issues to the technical team for resolution.

Qualifications, Experiences, Skills:

• Graduate in Accounting/Finance ; CA/ACCA (Chartered Accountant/ Association of Chartered Certified Accountants) - preferred.

• Knowledge of Management Information Systems, Oracle System and MS Office Tools.

Minimum of 4 to 6 years’ experience in Finance with preferred experience in real estate industry.

• Proficiency in financial software, data analysis tools, and enterprise resource planning (ERP) systems

• Proficiency in financial modeling

• Budgeting and Forecasting

• Strong analytical skills.

• Attention to details.

• Conflict Resolution

• Risk assessment

• Compliance Reporting

• Ability to work in fast-paced environment with multiple deadlines.

• Strong team orientation, exceptional work ethic.

• Excellent Communication and Presentation skills in English.

About the Benefits:

At Dubai Holding, we're committed to nurturing the success and well-being of our colleagues. Join our dynamic and diverse team, and enjoy a comprehensive benefits package that includes competitive compensation, career development opportunities, and a collaborative work environment. We strongly believe in creating an empowered workforce that will help us build a connected city for tomorrow. We are committed to attracting the brightest minds and nurturing the most pioneering candidates who desire to make a great impact on the future of Dubai.