COMPANYA 30-year-old UAE-based trading group operating across professional audio equipment, public address systems, and musical instruments. The group runs multiple entities across import, wholesale distribution, retail, and technical projects.
MISSION
The Finance Head owns and operates the financial backbone of the group — driving accurate financial reporting, disciplined cashflow, bottom-line margin protection, clean audits, tight controls, and steady evolution of MIS and analytics — while serving as a trusted finance thought partner to the CEO, MD, and leadership team.
YEAR-ONE OUTCOMES
- 1. Ownership Transition Complete — The finance function is inherited cleanly. Banking, auditor, and tax-advisor relationships transferred. Monthly closes, reporting and budgeting on track.
- 2. Clean Close, Clean Audit — The first year-end statutory audit is signed off with zero material adjustments across all entities.
- 3. Inherited Issues Resolved — Open handover items cleared and the first clean full-year VAT and Corporate Tax cycle completed.
- 4. Cost Saving Targets Delivered — Quarterly cost saving and efficiency targets met over the year.
- 5. MIS Evolution & Automation — MIS progressed from static month-end reports toward dashboards.
- 6. Trusted Finance Partner — Leadership confidence in the finance function is high enough that the CEO/MD reduce direct involvement in finance.
ACCOUNTABILITIES
- 1. Financial ReportingConsolidated monthly P&L, Balance Sheet, and Cashflow across group entities with variance commentary, delivered monthly.
- 2. Month-End CloseTimely, disciplined close: inventory reconciliation, accruals, depreciation, intercompany reconciliation, trial balance, and financial statement preparation.
- 3. AR, AP & Inventory ControlDebtor aging and credit decisions, payment approvals, stock aging review, and stock valuation integrity.
- 4. Internal Controls & SOPsSOP register maintenance, banking authority matrices, KYC and signatory updates, quarterly controls review.
- 5. Cashflow & Banking OperationsDaily cash position management, rolling cashflow forecast, payment approvals within delegated authority, and operational banking interface.
- 6. VAT & Corporate TaxOn-time UAE VAT and Corporate Tax filings across all entities; FTA correspondence and penalty resolution with tax advisors.
- 7. Statutory Audit ExecutionAnnual statutory audit execution across all entities; external auditor coordination, schedules, and reconciliations.
- 8. Annual BudgetLead the annual budget (manpower, OPEX, CAPEX, revenue by branch and segment), reviewed and updated quarterly, with monthly budget-vs actual analysis.
- 9. FP&A, MIS & Analytics StewardshipOwn the monthly MIS pack and the margin analysis framework; own the FP&A cadence (rolling forecasts, scenario modeling); drive MIS evolution from static reports toward monthly-updated dashboards in partnership with IT.
- 10. Margin Reporting & Bottom-Line OwnershipProduce GP margin reporting for the business (GP outcomes owned by Sales); own EBITDA / bottom-line margin vs budget, OPEX variance, and overhead absorption.
- 11. Cost Saving & EfficiencyWeekly cost saving tracker; quarterly cost saving and incremental income targets delivered.
- 12. Leadership Partnership & Team ManagementDaily leadership huddle, weekly KPI review, monthly financials presentation to CEO/MD; direct supervision and development of the finance team; occasional review of commercial contracts and agreements.
- 13. Business Model Support & Decision AnalyticsScenario modeling, unit economics, and feasibility analysis in support of CEO/MD strategic decisions.
- 14. ERP Enhancement & Process AutomationOwn the ERP enhancement roadmap; design finance process automations, specify requirements, and hand off to IT or external partners for build.
KEY COMPETENCIES
- 1. Stability & Compatibility of InterestsSeeks a long-term home, not a stepping stone. Motivated by ownership, stability, and meaningful contribution over rapid title progression.
- 2. Trust, Integrity & DiscretionIron-clad ethical conduct. Intellectually honest. Comfortable with payment authority and multi-bank access. Handles sensitive matters with absolute discretion.
- 3. Hands-On Finance OperationsPersonally runs the close, reviews cashflow forecasts and bank documents. Not a pure delegator — the role IS the work.
- 4. Pragmatism & Business JudgmentPractical trade-offs in an owner-led SME. Strict where it matters (controls, compliance, sign-offs), practical where it helps (sales support, working-capital calls).
- 5. UAE Compliance & Banking DepthHands-on VAT and Corporate Tax filing. Statutory audit ownership. FTA correspondence. Understands cash conversion, facility utilization, and bank documentation.
- 6. Financial Reporting, FP&A & Bottom-Line OwnershipPrepares consolidated financial statements (multi-entity experience highly valued). Owns FP&A rhythm. Understands the distinction between GP reporting and operating margin ownership.
- 7. Process Design & Automation ThinkingSees processes as workflows to be designed. Has led finance process redesigns. Works with IT or external partners to implement automation — designs and specifies, doesn't need to code.
- 8. Business Partnering & IndependenceThought partner in strategic conversations. Builds scenarios and defends assumptions with data. Pushes back with data when warranted — not a yes-person, not abrasive.
- 9. Cost Consciousness & FrugalityNatural instinct to protect the bottom line. Questions expenses. Views cost saving as an ongoing discipline.
- 10. Communication & ComposureClear written and oral communication with non-finance leaders. Poise under close, audit, and cashflow pressure.
REQUIREMENTS
- Fully qualified accountant (ACCA, ACA, ICAEW, CA, or CMA) OR minimum 20 years' demonstrated finance leadership in UAE/GCC corporate environments with clear evidence of ownership of statutory reporting, VAT, and audit cycles.
- Minimum 12 years' total finance experience; minimum 5 years' UAE finance experience.
- Has personally led a finance function previously (Head, Controller, Senior Finance Manager, or equivalent).
- Hands-on UAE VAT filing AND UAE Corporate Tax filing experience.
- Trading, retail, distribution, or services sector experience in UAE.
Mandatory Skills
- Financial Reporting, Statutory Audit, Budgeting, Forecasting, Trade Finance / Banking Operations, Cash Flow Management, UAE VAT, Inventory Accounting, UAE Corporate Tax
Good-to-have Skills
- Automation, Treasury Management, Process Mapping, Internal Controls