Assistant Manager Finance Al Tayer Group Dubai
Full time @Al Tayer Group posted 23 hours ago in Retail Shortlist Email JobJob Detail
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Job ID 28820
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Career Level Senior
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Experience 5-9 Years
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Gender Male Female
Job Description
Assistant Manager Finance at Al Tayer Group will continually support the management in decision-making and planning through analysis and reporting of financial performance, maintaining effective controls over the company’s financial processes and preparing financial statements, management information, tax reporting, budgets and forecasts of the company in line with the Al Tayer Group (ATG) guidelines. This is a Senior level full time job. And salary can range between 15000-25000 AED/month.
Responsibilities of Assistant Manager Finance
- Provide input on the company’s budget and control expenses of the function, ensuring it stays within its operating budget.
- Participate in the financial business plan exercise by ensuring the relevant inputs/data is available timely.
- Financial Reporting and Analysis:
- Prepare monthly and annual financial statements for UAE and KSA entities
- Ensure accuracy and compliance with accounting standards (IFRS) and regulatory requirements.
- Conduct financial analysis to provide insights into performance within established timelines in areas such as operating results and budget versus actual and report any issues to the Finance Manager.
- Prepare the Revenue Margin Analysis by project, the Work in progress reports, the Net Capital Employed and other ad-hoc reports as required by the Management and Head of Industries Finance.
- Accounting, Record keeping and Treasury:
- Supervise the day-to-day operations of the Accounts Department including accounts payable, advance paid, accounts receivable, advances received and general ledger and all reconciliations with the debtors, creditors and group companies.
- Ensure the proper recording and classification of financial transaction in accordance with accounting standards and conduct a periodic review of the Trial Balance and report findings to the Finance Manager.
- Work with Group IT to ensure the overall accuracy, completeness, timeliness and usability of system generated financial data.
- Prepare the schedule of guarantees on a monthly basis and review the same on the periodic basis to ensure the open-ended guarantees are monitored and adequate measures taken to ensure timely reduction/cancellations.
- Negotiate and review terms when opening of LCs (Import) and Bank guarantees in line with Tramlines document. Ensure guarantees are raise based on available bank facilities.
- Prepare cash flow forecasts on a monthly basis to ensure adequate liquidity.
- Prepare project allocation reports and provide these timely for Finance Manager to take timely action
- Reviewing the reconciliation performed by the team or FSS
Budgeting and Forecasting:
- Manage and lead the timely preparation of the financial budget for the company working closely with department heads to create accurate financial projections.
- Ensure effective implementation and enforcement of the approved budget, monitor and report on budget variance and identify key issues and potential corrective action.
- Audit and Internal Controls:
- Manage the external audit process including preparation of year end and interim financial statements to be produced in line with ATG and up to date IFRS guidelines.
- Maintain strong internal controls to safeguard the organisation’s assets and ensure accuracy of financial data.
- Support the Finance Manager of the business with any data analysis, financial ratios, feasibility etc.
- Tax Compliance and Reporting:
- Review quarterly VAT returns and ensure the returns is filed in compliance with the Corporate Tax Guidelines and Federal Tax Authority regulations.
- Liaise with Tax Authorities in case of a Tax Audit
- Prepare Quarterly/Yearly Corporate Tax returns as required by the Corporate Tax Team and assist with the filing of Corporate Tax Returns.
- Prepare regulatory reports and submissions as required by Government Agencies.
- Prepare reports and liaise with Auditors/Consultants for the ICV Certification.
- System and Process Improvement:
- Participate in the implementation of the new financial software and tools, ensuring smooth transition.
- Evaluate and improve systems and processes by automating the same as applicable for efficiency and accuracy.
- Participate in the SAP implementation project
- Ensure data migration for SAP implementation is done correctly and efficiently.
- People Management:
- Manage and mentor team members providing guidance, training and enhance performance.
- Actively and regularly appraise performance of the team members and ensure they develop to handle higher level roles.
- Promote a collaborative and efficient work environment within the accounting team.
Requirements for Role of Assistant Manager Finance
- Chartered Accountant.
- Minimum 8 years’ experience in similar role with a Construction company.
- Experience in SAP, Hyperion, Power BI.
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