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Finance Officer / Head

1.00 to 10.00 Years   Dubai, United Arab Emirates   23 Apr, 2021
Aravalli Capital
1 Jobs Openings
Job LocationDubai, United Arab Emirates
EducationBachelor's degree / higher diploma
Salary$7,000 - $8,000
IndustryInvestment, Securities & Funds
Functional AreaNot Mentioned

Job Description

? Finance Officer Company Name Aravalli Capital Job and The Company location Dubai International Financial Center (DIFC), Dubai, United Arab Emirates (UAE) Reporting lines The Finance Officer (?FO?) reports directly to The Company?s Senior Executive Officer (?SEO?) About The Company

  • Aravalli Capital is in the process of incorporation at DIFC
  • Aravalli Capital is expected to be a full-service Wealth Management firm in DIFC (regulated by DFSA) within 2021
  • Aravalli Capital has a sister-company in mainland Dubai; all business of this Mainland company will be moved to Aravalli Capital by May upon incorporation.
About the role
  • This role is required to be filled ASAP as it is a Regulatory role; however, we can work out the joining date per the candidate?s circumstances
  • Given it is a new entity that we hope to expand in coming years with already committed capital, it is a good opportunity for somebody young and ambitious to grow with the firm
  • Most items in this job description are negotiable but Integrity and respect-for-the-team are not; we seek to hire genuinely nice people
Responsibilities The Finance Officer has the following ultimate responsibilities:
  • Ensure the company?s capital resources are in compliance with its regulatory requirements at all times. Any (potential) breach must, without any delay, be reported to the Senior Executive Officer and the Compliance Office.
  • Development of strategic direction, goals and objectives for all reporting sections within the Finance department ensuring that they align with the strategic plans of The Company
  • Coordination of the preparation of management and statutory financial reports
  • Ensure timely preparation of financial and statistical reports, business plans, business activity reports, financial position forecasts, annual budgets, and/or reports required by regulatory agencies including statutory audit and tax compliance
  • Ensure the availability of funds at the right time in the right currency, and at an acceptable cost
  • Manage financial and currency risks, and minimize financial exposures through prudent cash management
  • The frequency of the reports prepared by the FO will be monthly management accounting and quarterly and annual EPRS returns
  • Maintain knowledge and understanding of the applicable financial and regulatory reporting requirements
Educational requirements
  • Degree in Accounting, Economics, Finance or any quantitative field
  • Certified Public Accountant / Chartered Accountant or any advanced Finance Degree
Compensation
  • AED 300,000 (approximately USD 82,000) per year; there is no Income Tax in Dubai or U.A.E.; so the entire monetary compensation can be assumed to be take-home
  • Healthcare insurance
  • Any other benefit as required by DIFC including but not limited 30 days paid vacation, flights to home country amongst others
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