Group Finance Manager

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

Job summary

A leading company in Dubai is seeking a Group Finance Manager to enhance financial operations and governance. The role involves overseeing accounting, financial reporting, and ensuring compliance with international standards. Ideal candidates will have a Bachelor's degree in Finance, strong analytical skills, and at least 4 years of relevant experience.

Qualifications

• Minimum 4 years of related experience in a similar position.
• Advanced knowledge of accounting, Auditing standards, and financial principles.
• Knowledge of GCC VAT framework.

Responsibilities

• Manage day-to-day operation of Finance & Accounts functions.
• Ensure compliance with legal/tax requirements.
• Lead the team responsible for Payroll.

Skills

Numeracy

Commercial awareness

Analytical methods

Confidentiality

Communication

Organizational skills

Education

Bachelor's degree in Finance, Accounting or related field

CPA, ACCA, CA, CMA (preferred)

Tools

Zoho

Tally

Xero

Odoo

Quickbooks

Microsoft 365

Job description

The Group Finance Manager will enhance and improve the financial operations and governance of OliOli Group venues. This position will be ultimately responsible for the accounting, financial reporting and financial operations, including the production of monthly financial reports, budgeting and forecasting, cost analysis, maintenance of an adequate system of accounting records, a comprehensive set of controls to mitigate risk, enhance the accuracy of the reported financial results and ensure that the reported results comply with International Financial Reporting Standards. The Group Finance Manager should have a deep commercial awareness, strong numeracy skills, and a keen interest in the growth, efficiency, and profitability of the organization. The role of the Group Finance Manager is critical in ensuring the positive overall financial health of OliOli Group venues.

KEY RESPONSIBILITIES

• Manage day to day operation of Finance & Accounts functions including providing weekly/monthly MIS reports.
• Manage monthly, quarterly, annual closing of books of accounts including bank reconciliations, ensuring accuracy, timeliness, and compliance.
• Ensure schedules for Prepayments, Fixed assets, Employee end of service benefits are maintained and updated.
• Update and enhance the financial policies and procedures of OliOli Group venues and maintain a documented system of policies and procedures.
• Manage the payables and receivables to ensure on time payments.
• Maintain and ensure strong internal controls in relation to cash disbursements, inventory, procurement and for other operation aspects.
• Ensure compliance with legal/tax requirements and adhere to new legislation requirements.
• Budgeting:
• Help support the annual budgeting process in collaboration with other colleagues within OliOli Group venues
• Remain well-informed of market trends (within and outside the industry) and ensure that the budgeting process is reflective of appropriate insights
• Actively participate in the process and contribute with ideas that lead to cost savings and margin expansion
• Revenue and liquidity management:
• Daily revenue and cash reconciliation from different products/services
• Appropriately recognize and record cash inflows and outflows in line with international accounting standards and facilitate third-party audits from time to time
• Implement and rigorously assess the efficacy of cash controls in relation to all lines of business
• Ensure that the company has appropriate resources and liquidity to be able to meet its commitments on a regular basis
• Provide support to the sales team as needed in relation to corporate sales, partnership opportunities, etc
• Procurement:
• Design and implement a procurement process/system (including at least 3 different vendors) and always ensure adherence in all respects
• Ensure that all outflows are in adherence to the annual budget and in accordance with the terms of engagement with the suppliers
• Maintaining corporate set-up:
• Ensure that the company is at all times a validly operating entity that has all the relevant authorizations, licenses, and approvals (whether regulatory or otherwise) in place to conduct its operations in a lawful and seamless manner
• Manage the companys bank accounts in accordance with local regulations and in accordance with corporate policies
• Monitor new software implementations and ensure that they are aligned with current financial and operational MIS requirements.
• Liaise with banks, audit, legal and tax providers as necessary.
• Organize all documentation physically and electronically in an efficient manner.
• Lead the team responsible for Payroll.
• Manage end-to-end audit process of current systems while acting as the first point of contact for external auditors and ensure that appropriate measures are taken to address audit findings and recommendations.

QUALIFICATIONS

• Bachelors degree in Finance, Accounting or any related field
• Specialized certificates are preferred (CPA, ACCA, CA, CMAetc.)
• Working knowledge of Zoho, Tally, Xero, Odoo and Quickbooks etc.
• Experience: Minimum 4 years of related experience in a similar position, preferably in a similar industry
• Advanced knowledge of accounting, Auditing standards and financial principles and tools. (IFRS and ISA)
• Knowledge of financial concepts and statistical/analytical methods and ability to use data effectively to develop, implement and manage operational plans and actions
• Knowledge of GCC VAT framework
• Demonstrated sound and consistent judgement and the ability to deal with complex, evolving situations
• Ability to work productively with divergent opinions
• Ability to maintain strict confidentiality
• Excellent verbal, written and presentation skills; demonstrated active listening skills
• Demonstrated ability to be flexible and adopt at prioritizing and managing multiple tasks
• Sound knowledge of Microsoft 365
• Excellent organizational and time management skills

TRAITS & CHARACTERISTICS

• Self-starter and self-motivated; thrives working in a team-oriented and collaborative environment
• Positive attitude; respectful of diversity; patient and empathetic; friendly; growth-oriented; courteous
• Adaptable to perform a variety of duties.

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