Director - Finance

Overview

Job Title:

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. They support stakeholders by providing timely MIS reporting and developing budgets, maintaining healthy working capital requirements to run the business efficiently.

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.

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.