Manager - Financial Accounting & Reporting

Precision Group; Dubai; On-site; AED 120,000 - 180,000; Full time

Job summary

An established industry player is seeking a skilled financial manager to oversee the financial accounting, reporting, and treasury functions. This role involves ensuring compliance with international standards while managing budgets and forecasts. The ideal candidate will have extensive experience in financial management within the manufacturing sector, demonstrating expertise in financial reporting and analysis. Join a dynamic team where your contributions will directly impact the company's financial health and strategic direction. This is an exciting opportunity to leverage your skills in a supportive environment that values growth and innovation.

Qualifications

• 10-12 years of financial experience in a manufacturing industry preferred.
• Expert knowledge of International Financial Reporting Standards.

Responsibilities

• Manage financial accounting, reporting, and treasury functions.
• Ensure compliance with IFRS and company policies.
• Prepare and consolidate financial statements and reports.

Skills

Financial Accounting

Reporting

Treasury Management

Budgeting

IFRS Compliance

Financial Analysis

Cash Management

Accounts Payable

Accounts Receivable

ERP Systems

Education

Bachelor's degree in finance or accounting

Qualified accountant (CA, ACA, ACCA, CPA, or equivalent)

Tools

Financial ERP Systems

Job description

Bachelor of Commerce (Commerce), Chartered Accountant (Chartered Accountant)

Nationality: Any Nationality

Vacancy: 1 Vacancy

JOB CONTENT

Responsible for the management of overall Financial Accounting, Reporting, and Treasury function while overseeing the budget/forecast process. Define, develop, and implement plans, policies, and procedures that conform to generally accepted accounting principles and comply with the approved policies and procedures of the company.

FUNCTIONAL RESPONSIBILITIES

Accounting & Reporting

1. Supervises and controls the general accounting operations, developing effective standards and systems while ensuring strict compliance with IFRS, laws, rules, policies, and procedures. Ensures that financial and accounting information is accurate and produced on time.
2. Develop and maintain financial accounting systems for cash management, accounts payable, accounts receivable, credit control, and petty cash.
3. Monitor the day-to-day accounting process and ensure all postings are completed on time. Maintain the SL/GL and ensure all control accounts are reconciled and tallied.
4. Prepare, verify, and record journal vouchers and ensure entries are booked under appropriate accounting heads for all company transactions.
5. Ensure all reconciliations, including cash and banks, are completed on time and pass necessary adjustments entries.
6. Prepare and consolidate financial statements such as the Trial Balance, Profit and Loss statement, and Balance Sheet and incorporate budget information prepared by Management Accountant; provide inputs on administrative cost budget.
7. Submit variance report on a monthly basis along with the monthly account statement.
8. Provide analysis and advice to the Senior Finance Manager on the potential implications of proposed changes in accounting rules/policies and legislation/government rules.
9. Participate in the period-end stock and physical verification program.
10. Initiate the FA verification as per the company policy.
11. Monitor all CAPEX procurement and ensure the same is within the company budgets/policy.
12. Maintain all records of Asset Disposal and ensure necessary entries are passed.
13. Analyze actual manufacturing expenses & prepare periodic reports comparing standard costs to actual production costs.
14. Maintain accurate and up-to-date records of all financial transactions and present reports to the Senior Manager - Finance whenever required.
15. Ensure monthly closing of the financial books is done as per the scheduled timeline and submit the report to the Senior Manager - Finance.
16. Partner with the Senior Finance Manager in the development and updation of Process Chart as well as Procedures & Policies Manual concerning this function and area of responsibilities and ensure implementation of departmental policies, performance measures, and systems and procedures. Ensure that company financial systems and policies are robust, compliant, and support current activities and future growth.
17. In conjunction with the Senior Finance Manager, develop insurance policy and plans to ensure adequate coverage of risk to protect the assets of the company. Send monthly declarations to insurance companies to cover all assets.
18. Partner with function heads across the whole organization to ensure risks associated with the production of the annual report and accounts are identified and managed accordingly. Prepare the official annual report of actual revenues, transfers, and expenses.
19. Ensure all team members in the Finance Department and organization as a whole are kept abreast of any significant implications arising from changes in accounting rules.
20. Ensure the monthly VAT data is compiled and do necessary checks and balances. Prepare the VAT returns, ensure the VAT is filed on time, and the liability is settled well before the last date.

EDUCATION/QUALIFICATIONS

1. Bachelor's degree in finance or accounting
2. Qualified accountant (CA, ACA, ACCA, CPA, or equivalent)

EXPERIENCE

At least 10-12 years of financial experience in a manufacturing industry preferred.

FUNCTIONAL SKILLS & SPECIFIC KNOWLEDGE

Expert knowledge of International Financial Reporting Standards. In-depth knowledge of financial/ERP systems.