Finance Manager

ESG Emirates Stallions Group P.J.S.C.; Abu Dhabi; On-site; AED 200,000 - 300,000; Full time

Job summary

ESG Emirates Stallions Group P.J.S.C. is seeking a Finance Manager in Abu Dhabi. This role involves overseeing the consolidation of financial statements, ensuring compliance with IFRS, and conducting variance analysis for project-level financials.

The ideal candidate will have at least 5 years of experience in real estate development along with a Bachelor’s degree in accounting or finance, and a strong working knowledge of Microsoft Excel and Oracle.

Qualifications

• 5+ years of experience in real estate development.
• Strong grasp of IFRS and financial reporting standards.
• Education credentials must include CA, CPA, ACCA, or CMA.

Responsibilities

• Review group wide consolidation of financial statements.
• Conduct detailed variance analysis on financial statements.
• Support internal and external audits with required documentation.

Skills

Financial reporting

Variance analysis

Project financial management

IFRS compliance

Education

Bachelor’s degree in accounting or finance

Tools

Microsoft Excel

Oracle

Job description

Finance Manager

Key Responsibilities

• Review of the group wide consolidation of financial statements ensuring full compliance with IFRS and real estate specific reporting requirements.
• Review and reconcile intercompany transactions, project level allocations and eliminations as part of the consolidation process.
• Conduct detailed variance analysis on consolidated and project level financial statements, highlighting trends, risks, and development cycle insights.
• Oversees the day to day operations of the subsidiaries and the projects SPV.
• Oversee Corporate Income Tax (CIT) compliance for the real estate division.
• Track and report on project level financial performance, including development budgets, construction costs, land payments and consultant fees.
• Support feasibility assessments by providing financial inputs for IRR, NPV, cash flow projections and scenario analysis for new and ongoing developments.
• Coordinate with project management, commercial and development teams to ensure alignment between financial forecasts and project progress.
• Monitor escrow accounts, RERA related compliance, ADGM compliances and ensure proper accounting treatment for off plan sales milestone based revenue and cost to complete calculations.
• Assist in the preparation of annual budgets, rolling forecasts and long range financial plans for the real estate division.
• Monitor the specific projects borrowing experiences in coordinating with banks with related to the term sheet etc.
• Perform variance analysis comparing actuals to budget, highlighting deviations related to construction progress, sales performance and financing costs.
• Provide financial insights to support pricing strategies, project phasing and capital allocation decisions.
• Support internal and external audits by preparing required schedules, reconciliations and documentations related to group consolidation, standalone financials and project accounting.
• Respond to audit queries and ensure timely closure of audit findings.

Qualifications & Skills

• Education: Bachelor’s degree in accounting, Finance, or a related field (CA, CPA, ACCA, or CMA is a must).
• Experience: 5+ years of experience in real estate development.
• Technical Skills: Proficiency in Microsoft Excel, Oracle, etc.
• Strong knowledge of IFRS and financial reporting standards.