Associate Finance Manager | IFFCO Group
A well-known and well-reputed Company based in Sharjah, 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 “Associate Finance Manager”.
| Company Name |
IFFCO Group |
| Qualification | Bachelors Degree | Masters Degree | CA | ICAI |
| Experience | 4 – 5 years of Relevant Experience Required |
| Monthly Salary | 20,000 AED – 25,000 AED |
| Employment Type | Full Time | Permanent |
| Company Size | 50-100 Employees |
| Benefits | Medical Insurance |
| Location | Sharjah |
This role does not only focusses into accounting/transactional aspect but strongly recommends for excellent background in credit control and audit;
An eye for variant and strategic thinker.
Qualified Chartered Accountant (ICAI or equivalent)
Strategic
· Support the senior leadership in conducting budgeting exercise for the business unit including collation, consolidation and communication
· Design long term strategy and governance mechanism around Credit Control and collections management for the respective business unit
· Support the senior leadership team in designing Financial Control strategies, targets and initiatives and ensure existence of a robust framework for internal Financial Control at the business unit
· Support the Head Finance in finalization of the overall pricing strategy in close coordination with the Marketing department
Operational
· Ensure adherence to the budget at the business unit level, undertake analysis of any deviations and suggest corrective action if needed
· Monitor data points including credit limits, customer wise amount aging and outstanding on revenue collections before and after due date
· Lead identification of collection related risks and ensure that a mitigation plan for settlements is implemented
· Identify low cost sources of funds for business unit operations and conduct effective negotiations with banks and financial institutions for best rates
· Guide the team in monthly/ quarterly/ annual costing for required components and assist the business unit in new product costing by providing data and costing templates
· Ensure timely preparation and submission of costing related MIS and prepare monthly MIS variance report of planned Vs. actuals
· Provide support to audits to ensure timely completion of internal audit and external statutory audits of the business unit records; ensure compliance with applicable laws and audit requirements and achieve closure of deviations/observations well before the audit closure deadlines
· Strengthen and improve internal controls, including potential implementation of controls programs, identify process improvements and make recommendations to streamline the budgeting and costing processes
People Management
· Allocate work to subordinates, nominate for training as per guidelines, conduct performance reviews and manage leave and overtime to ensure efficiency.
· Participate in the identification of training and development initiatives for all subordinates
· Drive the engagement and satisfaction of the team through holding periodic meetings to discuss the achievements and address any employee issues and/or concerns. Build an effective, efficient and motivated team.