Finance Manager | Al Sultan Sweets International
A well-known and well-reputed Company based in Dubai, United Arab Emirates is looking for an experienced, skilled, competent, mature, qualified, creative, and intelligent candidate with significant knowledge and relevant working experience for the position of “Finance Manager”.
| Company Name | Al Sultan Sweets International |
| Qualification | Ā Bachelors Degree | Masters Degree | CFA | CPA |
| Experience | 8 – 9 years of Relevant Experience Required |
| Monthly Salary | 22,000 AED ā 25,000 AEDĀ |
| Employment Type | Full Time | Permanent |
| Company Size | 50-100 Employees |
| Benefits | Medical InsuranceĀ |
| Location | Dubai |
Finance Manager
(Bilingual is a Must ā Non-Arabic Speakers will not be considered)
This is a unique opportunity to join a fast growing company which has ambitious expansion plans.
The Financial Manager will be responsible for overseeing the entire financial functions of the company and will report directly to the General Manager. The Financial Manager needs to be dynamic, innovative and be able to handle large volumes of transactions for multiple business units with Franchises across the UAE and outside.
KEY RESPONSIBILITIES
ā¢ Providing leadership, direction and management of the finance and accounting team
ā¢ Able to effectively control the Production Cost and Control the factory/outlets in terms of wastage, pilferage and efficiency.
ā¢ Reviewing, monitoring, and managing budgets and Cost of Sales in all F&B Outlets and Attractions.
ā¢ To ensure all the Group policies and procedures are implemented properly, communicated to all staff, monitored regularly, adhered too in all instances and rolled out to any new employee.
ā¢ Where a policy or procedure is required but not yet developed, to develop such policy in the required format, obtain the necessary approvals and implement.
ā¢ Developing strategies that work to minimize financial risk along with Developing long-term business plans.
ā¢ Complies with Government , and local financial legal requirements by studying existing and new legislation, enforcing adherence to requirements, and advising management on needed actions.
ā¢ To implement financial controls in the businesses which prevent misuse and misappropriation of funds or assets and inefficient cost control.
ā¢ Manage accounting team to setup finance system to register cost and revenue per revenue stream and calculate
Profit/Loss per function to the level required by GM & CEO
ā¢ Serve as a key member of the senior management team to develop operational and strategic business plans, forecasts and feasibility studies.
ā¢ Preparation of reports daily, weekly and monthly which include but are not limited to sales analysis, cost reports, monthly management accounts.
ā¢ Preparation of annual budgets per business unit with quarterly updated rolling forecasts.
ā¢ Preparation and presentation of monthly Business Review Pack (BUR).
ā¢ Submission of a monthly Financial Managerās report summarizing the performance of the businesses under your control, which includes a P&L, variance analysis against budget and forecast, balance sheet and cash flow, focus areas for the next month, control weaknesses and corrective actions.
ā¢ Management and control of all banking related transactions.
ā¢ Daily cash flow monitoring and management which includes the management of payables and receivables.
ā¢ Monthly balance sheet reconciliations review and authorize.
ā¢ Preparation of accounts must be in line with IFRS.
ā¢ Overseeing and control of the purchasing department ensuring the right item is purchased at the most competitive price.
ā¢ Monitor supplier/customer agreements regarding respective revenue and cost associated with them.
ā¢ Use industry experience and initiative to identify areas for cost cutting and/or revenue improvement.
ā¢ Risk management of assets, currency, credit and liquidity.
ā¢ Ensure that all IT systems are being used in accordance with the business requirements and proper segregation of duties/controls are implemented.
ā¢ Manage and coordinate internal and external audits.
ā¢ Strive to build a team culture by working together with the respective business and department heads in support of their strategies to achieve the business plan.
ā¢ Oversee the payroll preparation of the Company.
ā¢ Serve as advisor to key management regarding strategic projects and operational requirements.
ā¢ Provide leadership to your finance team members and strive to be industry leading in terms of accuracy, quality, timings, execution and delivery.
ā¢ Developing and monitoring KPIās and KPAās for the finance staff.
ā¢ Foster a performance driven environment with quarterly staff performance reviews, identifying training needs and mentoring/coaching staff.
ā¢ Be familiar with the labour law and HR practices in the business and industry.
Qualification:
- Bachelor or Master’s in Finance or Economics
- Chartered Financial Analyst (CFA), Certified Public Accountant (CPA) is a plus.
- At least with 8+ years of job role experience in reputable industries of hospitality, restaurants, leisure, F&B management.
Required Skills:
Excellent Organizational Skills
Job exposure to a fast paced, multi business environment.
Familiar with Financial Data Reporting Applications (FDRA)
Efficient knowledge with Microsoft Office Suite and Financial Management/Accounting
Strong financial analysis skills capability
Arabic is a must, excellent written and verbal skills.