Finance Manager | Jumeirah
Company Name: Jumeirah
Qualification: Masters and Bachelors Degree
Location: Dubai, United Arab Emirates
Salary Range: 28,000 AED – 35,000 AED
Company Size: 50 – 100 Employees
Other Benefits: Medical Insurance | Bonus
Employment: Full Time
About Company
Established in 2004 with operations in 13 countries, Dubai Holding is a major investment company managing a large-scale portfolio of assets. In line with the vision of Dubai’s leadership and economic diversification strategy, Dubai Holding companies have nurtured sectors, irrevocably transforming Dubai’s socio-economic landscape and positioning Dubai as a diversified, globally integrated economy.
Dubai Holding is committed to the strong development of Dubai’s non-oil economy across multiple sectors including Real Estate, Hospitality, Leisure & Entertainment, ICT, Design, Education, Media, Retail, Manufacturing & Logistics, and Science.
Job Description/Role
Key Accountabilities:
Monthly, Quarterly & Year End Reporting:
- Track periodic performance and cashflows against budgets and:
- Prepare monthly or adhoc performance flash reports for the DHI leadership.
- Prepare detailed monthly performance reports for the DHI leadership.
- Support the DHI investments team in reviewing portfolio management packs and providing finance inputs.
- Assist the Associate Director Finance in preparation of quarterly performance reports for DHI and DH leadership.
- Create insightful, innovative dashboards (using MS PowerPoint and data analysis/visualization tools like PowerBI etc.) to add value to performance reviews.
- Assist the Associate Director Finance in preparing the Annual Report & other materials for various management/leadership committees.
Budgeting & Forecasting:
- Prepare the annual budget and business plan, liaising with underlying investment companies where appropriate, and updating budgets on relevant ERP systems.
- Prepare detailed financial models for new investments/divestments that provide real-time scenario analysis for budgets and re-forecasts.
Capital calls:
- Review and validate capital call requests from Funds and Investments.
- Track invoices & payments due, following up with DH Group Services for payments.
- Ensure cash forecasting of expected invoices/payments due/dividends to be received is kept up to date & flag any issues expected.
- Develop adequate controls for the funding process.
- Ensure compliance and timeliness of payment settlement.
Financial Policies, Processes, Systems, Controls, Governance & Compliance:
- Support in developing, documenting and implementing financial policies, procedures, systems and controls that comply with accounting standards, regulatory requirements, best practices, as well as DH and DHI’s internal policies & delegation of authority.
- Participate in assessment and selection of appropriate data capture, data analytics and visualization tools and, using these tools, to implement reporting for the department leveraging technology and automation (AI, RPA or similar and other tools)
Investment support:
- Provide finance support on new transactions and existing investments.
- Support in analyzing accounting impact of new transactions & identifying any concerns/issues ahead of closing deal.
- Assist the Associate Director in preparing & ensuring all complex/subjective accounting positions have been documented as position papers & appropriately signed off and reviewed by Associate Director/SVP Finance as appropriate.
Treasury Management:
- Prepare cashflow forecasts and work closely with DH Finance on DHI’s cash needs.
- Assist in monitoring debt covenants compliance, and review and monitor commitments, contingencies & financial guarantees issued.
- Support in proactive monitoring of cash and rolling cashflow requirements considering upcoming cash outflows & inflows including capital calls, divestments, expected acquisitions.
Statutory and Management Reporting:
- Work closely with DH Shared Services team and review all deliverables and achieve sign offs across the business including but not limited to review of accounting entries, trial balances, general ledger close process, statutory financial statements and group reporting pack, management reports, and treasury reports; including liaison with the auditors as appropriate.
- Review and finalize IFRS compliant financial statements (consolidated & standalone financial entities).
- Review investee companies’ financial statements and portfolio monitoring reports.
Audit, Tax & Regulatory Compliance:
- Coordinate and support internal audit, government audit, annual audit, quarterly reviews, tax and regulatory filings (ESR, CbCR, etc) and ensure compliance with internal and external policies & regulations.
- Work with outsource providers on compliance matters such as VAT, FATCA, ESR, Corporate Tax.
- Liaise with auditors and resolve any issues to complete audit of financial statements.
- Support the Associate Director Finance in devising intercompany recharge mechanisms in compliance with appropriate Transfer Pricing regulations.
- Support the Associate Director Finance in analysis/recommendation of tax implications & optimization of complex transactions, and in review of international tax structures.
Who we are looking for:
- Minimum of 6 years of relevant professional experience, at least 3 years post-qualification experience.
- Experience of working in (or auditing) a Private Equity/Asset Management company is strongly preferred.
- Hands on knowledge of IFRS and experience in financial statement analysis.
- Hands on experience with Oracle ERP, particularly Oracle’s budgeting and consolidation modules (EPBCS and HFM/FCCS).
- Hands on experience with data analysis and visualization tools eg. PowerBI, Qliksense, Tableau, Spotfire etc.
- Finance transformation experience (e.g. Automation of month end processes, data flows).
- Excellent written skills in English, including enhanced presentation skills.
Education / Professional Certifications:
- CPA/CA/MBA/CMA/CFA or other recognized professional accounting qualification.
Technical & Behavioral Competencies:
- Strong numerical, analytical and interpersonal skills.
- Problem solving – ability to resolve conflict and deal with a wide range of complex problems independently.
- A team-player, with maturity, integrity and the ability to engage with senior counterparties.
- Excellent organizational skills, having the ability to prioritize workload whilst being resilient and being able to cope well under pressure.