Finance Manager

Overview

Job Purpose:

The incumbent is responsible for assisting the Chief Finance Officer in management of funds to maximize return on investment and minimizing risk by laying down policies and procedures. Assist in the preparation of reporting, budgeting, forecasting and analysis to reduce costs and improve operational performance. Must have 8–10 years of progressive experience in the IT Distribution industry.

Responsibilities:

• Manage the accounting and finance function of the entire group and ensure timely preparation of monthly financial reports based on the accrual accounting concept.
• Develop, maintain, and update accounting manuals and procedures, and monitor compliance across all departments.
• Prepare and analyze monthly product and Business Unit (BU) profitability statements and communicate findings to the relevant stakeholders.
• Lead the audit process independently by coordinating with auditors, resolving queries promptly, and ensuring a clean audit report is obtained within the designated timeframe.
• Review and monitor monthly branch office expense reports, ensuring proper documentation and timely receipt.
• Reconcile bank statements regularly and ensure all reconciling items are appropriately adjusted and cleared.
• Maintain and manage the fixed asset and demo equipment registers; ensure Capital Work-in-Progress (C/WIP) items are capitalized upon completion.
• Oversee the monthly reconciliation of local and foreign vendor accounts, ensuring timely allocation of payments and investigation/resolution of any outstanding issues.
• Review and update the ERP system as needed to improve functionality and ensure accurate financial reporting.
• Compute and report on the performance of individual salespersons and BUs within seven working days of the month-end and share results with key stakeholders.

Key Performance Indicators (KPIs):

• Close monthly books and prepare accurate financial statements within 5 working days of month-end.
• Ensure accurate accounting, tracking, and timely capitalization of fixed assets and demo equipment, including all Capital Work-in-Progress (C/WIP).
• Conduct monthly reconciliations of both local and foreign vendors and resolve any discrepancies promptly.
• Monitor and validate branch office expenses, ensuring that all expenditure is properly authorized and documented.
• Complete the annual audit process on schedule, addressing all auditor queries and securing a clean audit report within the stipulated time.
• Maintain accurate and up-to-date day-to-day accounting and bookkeeping records.

Education & Certification:

• Bachelor’s degree in finance or accounting.
• Must hold a professional accounting qualification, preferably a Chartered Accountant (CA).

Experience:

• 8–10 years of progressive experience in the IT Distribution industry.
• Proven track record of managing finance functions in a group-level or regional capacity, ideally based in Dubai, UAE.

Technical Skills:

• Strong working knowledge of ERP systems.
• Proficient in financial reporting, budgeting, and analysis.
• Demonstrated ability to manage audit processes independently, including resolution of auditor queries and securing clean audit reports.

Soft Skills:

• Excellent written and verbal communication skills for presenting financial results and drafting management commentary.
• Strong analytical and problem-solving skills, with a high level of attention to detail and accuracy.