A well-known and well-reputed Company based in Abu Dhabi, United Arab Emirates is looking for an experienced, skilled, competent, mature, capable, efficient, qualified, creative, and intelligent candidate with significant competency, good knowledge, and relevant working experience for the position of “Assistant Financial Controller”.
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|Company Name||Abu Dhabi Securities Exchange|
Job Requirements and Benefits:-
|Qualification||MBA | ACCA | CPA | ICAEW | CA | CFA|
|Experience||5 – 6 years of Relevant Experience Required|
|Monthly Salary||18,000 AED – 25,000 AED|
|Employment Type||Full Time | Permanent|
|Company Size||500 – 2000 Employees|
|Benefits||Medical Insurance | Performance-based Increments|
About the job:
§ Work with the business units to ensure vertical alignment and horizontal integration with all departments other than interacting with Finance.
Budgeting and Financial Performance
§ Support the preparation of the budget and collaborate with the FP&A team to support them with an explanation of variance, identification of potential areas of cost reduction, and performance improvement.
§ Be a subject matter expert, advice, and share knowledge with the team members to support their overall development.
§ Promote the organization’s values and ethics in all activities within the team to support the establishment of a value drive culture within the organization.
Policies, Systems, Processes & Procedures
§ Implementation of Finance Department policies, procedures, and controls covering all areas of assigned department activity so that all relevant procedural/legislative requirements, are fulfilled while delivering a quality, cost-effective service.
§ Identify opportunities for continuous improvement and sustainability of systems, processes, and practices considering global standards, productivity improvement, and cost reduction.
Ensure that all reports are prepared timely and accurately and meet ADX requirements, policies, and quality standards.
Job Specific Responsibilities
Planning & Budgeting
§ Provide technical guidance and support to the FP&A team when assisting them with budget preparation.
§ Prepare ad hoc reports and support the Finance Director in various initiatives and projects undertaken by the Finance team.
§ Collaborate with ADQ (ADX’s holding company) and FP&A team on budget submissions and various ad hoc requests.
§ Based on the performance measures, determine KPIs to be integrated with management reporting including identifying relevant data required, liaising with departments to gather insights, consolidating data, conducting analysis, and updating rolling plans, etc., to develop and communicate management reports and forecasts for responsible areas.
§ Manage the periodic tracking of financial performance against financial plans and provide business line leaders with financial results and variance analyses to ensure critical issues and appropriate corrective measures are identified and recommended.
§ Prepare monthly management reporting pack.
§ Implement internal controls and governance framework taking into consideration industry best practices, financial risk management procedures, etc., to establish financial information sharing and communication and reporting standards with the business lines in a timely manner to ensure the development of a well-defined financial controls framework.
§ Monitor compliance with accounting policies and procedures.
§ Write technical accounting memos
§ Ensure GL reconciliations are performed timely and accurately
§ Perform annual impairment testing
§ Support the Senior Management on various projects.
§ Prepare and deliver training internally on accounting matters and best practices for system use.
§ Monitor cost-controlling activities for CAPEX and fixed assets by employing project accounting tools, reviewing budgets, conducting actual vs. planned variance analysis, and approving and releasing the budget in alignment with the financial controlling policy.
§ Oversee the implementation of a robust Internal Control Over Financial Reporting (ICFR) framework across the group with the objective of getting a consolidated audit opinion on internal controls.
§ Lead the effective liaison and coordination with external auditors and deliver all the necessary information, documentation, and data required for the completion of audit assignments and resolve any outstanding audit queries to support external auditor’s assigned tasks.
Tax Regulation and Payment
§ Continuously monitor changes and updates on tax regulations and provide consultations regarding tax calculation and payment to ensure that ADX is implementing the latest regulations.
§ Review monthly and annual tax calculations and monitor tax payments to ensure the accuracy of tax being paid.
§ Manage the preparation and submission of periodic tax reports (including VAT) to the management and finance team to ensure compliance with legislative regulations.
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