Finance Manager IFFCO UAE

Finance Manager (AR, Reconciliation Shared Services) at IFFCO will be responsible to manage & lead the reconciliation team to ensure on time and accurate delivery of reconciliations (Bank, Intercompany, Supplier, Customer & VAT) related business processes and services for all Business Units of IFFCO Group within the scope of SSC Finance.

Duties of A Finance Manager

• Ensure smooth and timely processing of all reconciliation defined in the SLA
• Report SLA and/or other risk control breaches to the team-head for timely investigation and escalation.
• Strictly follow SOPs in daily/weekly/monthly reconciliation.
• Follow up/Escalate with responsible business units on outstanding breaks according to internal procedure.
• Ensure that proper accounting entries are made on the basis of COA.
• Ensure that proper accounting entries are made on the basis of COA.
• Bring industry best and latest practices for Reconciliaton process.

Requirements For Finance Manager

The eligibility requirements for role of a Finance Manager are as under:

• Bachelor’s Degree in Commerce.
• Worked on Oracle.
• 6-8 years of experience in managing F&A teams in a shared service / BPO setup.
• Experience of working on digital transformation / improvemments in Recon – OCR / RPA deployment.

KPIs

• Reconciliaiton open items (Zero >30 days).
• Ensuring coverage of 90% of reconciliaiton through system reconciliaiton.
• 100% accuracy in reconciliation.
• 100% TAT in completing all reconciliations (Intercompany and Bank).
• Scrutiny on Bank masters periodically.

Competencies

• Customer centricity.
• Self and team management.
• Credit control.
• Financial compliance.
• Financial operations.
• Financial transaction processing.
• Planning & decision making.
• Accounting standards and practices.
• Communicating effectively.
• Ownership & result orientation.

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Tagged as: Finance Manager