Finance Manager | The Sanad Group
An esteemed organization located in Abu Dhabi, United Arab Emirates, is in search of a proficient, dedicated, and resourceful candidate to fill the role of “Finance Manager”.
We are committed to fostering a dynamic work environment that values innovation, collaboration, and excellence. Join our team and contribute to our mission of driving success.
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| Company Name | The Sanad Group |
Job Requirements and Benefits:-
| Qualification | Masters | Bachelors | ACCA | CA | CPA |
| Experience | 6 – 8 years of Relevant Experience Required |
| Monthly Salary | 16,000 — 20,000 AED |
| Employment Type | Full Time |
| Company Size | 100 – 500 Employees |
| Other Benefits | Medical Insurance | Bonus |
| Location (City) | Abu Dhabi |
About the job
Finance Manager required in The Sanad Group
JOB PURPOSE/SUMMARY:
The Finance Manager is responsible for overseeing and managing the financial operations of the company, ensuring financial targets are met, and financial risks are minimized. This role includes managing books and accounts, compliance with financial regulations, and maintaining relationships with external stakeholders such as auditors, investors, and lenders. The Finance Manager plays a leadership role within the Finance function and requires strong technical knowledge, business acumen, and a commitment to ethics and organizational values
KEY RESPONSIBILITIES AND ACCOUNTABILITIES:
Team Leadership
- Define key performance indicators (KPIs) for the finance team in alignment with company objectives.
- Develop individual development plans for team members, including succession planning.
- Monitor team performance against objectives and provide guidance and intervention as needed.
- Encourage open communication and feedback within the team.
Bookkeeping and Compliance:
- Maintain accurate books of accounts.
- Ensure adherence to International Financial Reporting Standards (IFRS).
- Ensure COSO compliance across the organization.
- Oversee VAT and corporate tax compliance.
- Manage ESG/ESR and TP compliance where applicable.
- Ensure timely and smooth closure of internal and external audits, aiming for unqualified audit opinions.
Financial Planning and Analysis & Reporting:
- Facilitate budgeting and forecasting processes, leading accounting functions’ workstreams and creating decision support systems.
- Monitor financial performance and provide monthly reporting to stakeholders as required.
- Analyze performance against the budget, identify key drivers, and create initiatives to preserve shareholder value.
Evaluate recommendations and lead process and system optimization
- Evaluate and oversee the implementation of financial planning tools and reporting systems (e.g., Hyperion or equivalent).
Treasury:
- Maintain appropriate credit lines to support operations and growth.
- Manage the optimal debt structure.
- Manage shareholders’ expectations on PCR (Profit-Cash Ratio).
- Ensure timely settlement of debt obligations.
- Monitor and manage financial covenants.
- Effectively manage working capital.
Financial Operations:
- Manage accounts payable and receivable functions, ensuring timely invoicing and collections.
- Ensure efficient and compliant procurement processes.
- Review and oversee monthly bookkeeping and closure activities.
- Monitor and meet financial KPI targets.
- Oversee Inventory and Fixed Assets processes.
- Maintain accurate financial records and documentation.
Business Partnerships :
Collaborate with key leaders across functions to drive excellence in operational performance, commercial tenders and proposals, systems optimization, cost management, strategic & growth initiatives, learning & development, and decision support
QUALIFICATIONS, EXPERIENCE AND COMPETENCIES:
Minimum Qualifications:
(Education/Certification/
Licensure/Professional Membership)
Bachelor’s degree in Accountancy, Finance, or an equivalent discipline.
Relevant professional membership/certification/license, such as Certified Public Accountant (CPA), Chartered Accountant (CA), Certified Management Accountant (CMA), or Association of Chartered Certified Accountants (ACCA)
Minimum Experience:
Minimum of 10 years of progressive experience in finance.
Minimum of 8 years of experience in leading the finance function with a team size of 10 or more staff members.
Job Specific Competencies:
Qualified Accountant: This competency signifies that the Finance Manager holds a recognized accounting qualification, such as CPA, CA, ACCA, or CFA. He/she should have a deep understanding of accounting principles, practices, and regulations. This competency also entails staying up-to-date with evolving accounting standards, ensuring accurate financial reporting, and compliance with relevant regulations. The Finance Manager should be able to interpret and apply accounting standards effectively, especially in complex financial transactions.
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