Job Description

Director – Finance

Job Scope

The Director – Finance is responsible for overseeing the entire spectrum of finance and accounting including steering the financial direction of the business, strategic financial planning and management of financial resources. S/He supports the stakeholders by providing timely MIS reporting and developing budgets maintaining healthy working capital requirements to run the business efficiently

Main Duties and Responsibilities

Technical and Operations

• Secure the financial health and stability of the company;
• Oversee the overall accounting processes ensuring that proper books of accounts are maintained for effective financial control in accordance with corporate standards and local statutory requirements;
• Conceptualize a smooth and efficient recovery plan to ensure that all debts are collected in a timely manner and coordinate with the insurance company as well as the sales and legal departments of the company on credit actions;
• Develop financial business modules based on need using adequate tools to assess project costs, profits and risks;
• Manage the annual budget preparation and periodic forecasts and prepare periodic financial analysis of the company financial situation supporting management decision;
• Ensure compliance with local regulations, tax laws, transfer pricing and other applicable regulations; 
• Identify opportunities for optimizing financial and accounting operations and systems, consolidate operating improvements and processes at departmental level and drive the transformation with the IT department;
• Ensure the timely preparation of monthly, quarterly and annual financial statements for the company and its related subsidiaries in compliance with IFRS and/or other guiding principles;
• Manage the consolidation of group IFRS reporting pack and liaise with auditors on the consolidation audits;
• Lead and participate as the key finance stakeholder in cross functional teams;
• Implement and drive the core financial processes and reporting activities including annual operating plans, long term plans and quarterly business reviews;
• Lead ad hoc financial analysis and root cause investigations;
• Monitor financial performance indicators, analyze trends and causes on unexpected variances;
• Oversee the company’s regulatory and reporting requirements and implement risk mitigation strategies;
• Manage the cash flow across the entities of the group;
• Liaise with the Legal Department and auditors to establish new entities and review all needed contracts;
• Provide financial and tax consultancy on new projects or models across countries;
• Develop internal control frameworks for operational processes and embed the automated controls in the system; 
• Liaise with Internal and External Auditors on audit plans and closings;
• Liaise with External Tax Consultants on the deliverables needed to comply with transfer pricing and applicable laws; 
• Lead the implementations of new tools related to Finance (i.e business intelligence, payroll etc)

Talent Development

• Ensure that human capital and capabilities are aligned with the company HR strategy at a departmental level; 
• Act as an agent of change and challenge departmental structures and processes to accompany change initiatives;
• Lead and coach the team cultivating empowerment and ownership;
• Develop capabilities and secure a solid succession plan.

Position Requirements

Education

Bachelor’s degree in Finance or Accounting.

Experience

At least 12 years of relevant experience, including a minimum of 5 years in the UAE.
CFA or CPA certification is preferred.
A retail industry background is mandatory.
Fluency in Arabic is mandatory.

Only candidates who fully meet the above requirements will be considered.

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