Overview

Key Responsibilities:

Cash Flow Management: Develop and maintain robust procedures for recording and updating cash flow status. Implement efficient credit policies to safeguard company interests and guide the sales team on credit terms.

Accounting Supervision: Oversee critical functions within the accounts department, ensuring compliance with IFRS and company procedures. Maintain accuracy and integrity in financial reporting.
Accounts Payable Control: Implement effective control checks for accounts payables, ensuring timely and compliant payments to avoid disputes and fines.

Budget Preparation: Collaborate with the General Manager to prepare the annual budget and present it to Senior Management, Audit, and Group CFO for review and approval.

Financial Reporting: Prepare comprehensive financial statements and reports that summarize and interpret the company’s current and projected financial position. Present Management Information Systems (MIS) reports to Senior Management.

Cash Flow Forecasting: Ensure adequate cash flow for smooth business operations. Forecast future payments and receivables to secure sufficient funds.

Strategic Contributions: Play a key role in mergers, acquisitions, and business consolidations, providing financial insights and analysis.

Error Review and Correction: Review, investigate, and correct errors and inconsistencies in financial entries, documents, and reports. Establish effective systems for collecting and compiling financial transactions.

Stock Audit Supervision: Oversee stock audits, recommend and implement measures to prevent variances, and keep management informed of findings.

Stock Loss Control: Develop best practices to minimize stock loss through need analysis and collaboration with relevant departments. Ensure efficient asset management.

Performance Analysis: Analyze costs, pricing, variable contributions, and sales results. Compare the company’s actual performance to business plans.

Cost Reduction: Provide creative recommendations to reduce costs and enhance financial performance.

Forecasting and Modeling: Conduct business studies on past, future, and comparative performance. Develop and refine forecast models.

Trend Identification: Identify financial trends, advise the company, and recommend actions based on sound analysis.

Financial Analysis: Determine financial status by analyzing actual results compared to forecasts.

Strategic Consultation: Consult with management to guide and influence long-term strategic decision-making.

Process Improvement: Drive process improvement and policy development initiatives that impact financial functions.

Desired Skills and Experience

  • Degree in Finance/Commerce with accounting qualifications such as CA/ACCA/CPA/ICWAI.
  • 10+ years of experience in finance or accounting, with at least 4 years in a managerial capacity within the manufacturing industry.
  • Proven experience in mergers and acquisitions (M&A) and business consolidations.
    Strong knowledge of IFRS and financial management principles.
  • Proficiency in MS Office and SAP.
  • Excellent leadership and strategic skills.
  • Superior analytical and problem-solving abilities.
  • Effective interpersonal and communication skills.
  • Ability to lead and manage a diverse workforce.

About Easa Saleh Al Gurg Group

The Easa Saleh Al Gurg Group LLC (ESAG), founded in 1960, by H.E. Easa Saleh Al Gurg, KCVO, CBE, is a multidivisional conglomerate with over 30 companies. The Group has a range of diverse product and business interests that predominantly include retail, building and construction, industrial, client services and joint ventures. With an active presence throughout United Arab Emirates and Oman; its reach stretches across Asia, Middle East, African continent, parts of America, Australia and New Zealand.