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Middle East Finance Manager

1.00 to 10.00 Years   Dubai, United Arab Emirates   09 Jul, 2022
Job LocationDubai, United Arab Emirates
EducationNot Mentioned
SalaryNot Mentioned
IndustryOther Business Support Services
Functional AreaNot Mentioned

Job Description

Company DescriptionAt IFS you will work in a growing, global enterprise software company built upon committed and empowered colleagues who come to work knowing they are making a difference. We work every day within our single platform and embedded digital innovation to help our customers be their best when it really matters to their customers ? at the Moment of Service?. We take pride in ensuring that our employees are able to achieve the company goals as well as develop their career. We believe empowered autonomy, committed colleagues and being part of a winning team are the keys to our success and what makes us great!We seek aFinance Managerwho will report into the Head of Finance with responsibility for all aspects of management and financial accounting. Will play a key role in the monthly forecasting and annual budgeting processes within the Middle East for all the Revenue Streams. sKey Duties:

  • Responsible for preparing and closing the Financial Statements every month in accordance with IFRS Standard and in line with the Group Policy and Procedures.
  • Main point of coordination with Internal and External Auditors.
  • Responsible for the Tax Filing by Country. VAT, WHT and Corporate Tax Filings ? to liaise with the designated third party to ensure information is audited and checked before filing.
  • Ensure Provisions are taken in line with Group ECL Policy and communicated to the Head of Finance.
  • Analyze all lines of the P&L to explain variances versus Budget/Forecast.
  • Driving the budgeting and forecasting processes and ensuring all inputted information is maintained with accurate and updated working files to be reviewed at any point in time.
  • Ensure Internal Controls are in place and drive efficiencies throughout the department.
  • Lead and play a key Role in Project Management and liaising with the project managers to ensure accurate and precise forecasts.
  • Maintaining and Reconciling Balance Sheet Schedules on a monthly Basis.
  • Provide Cash Flow Forecasting Reports on a weekly basis and highlighting any areas where funds are required to maintain the operational position of each entity,
  • Team Management ? coach, guide and advise the finance team members in line with standards and processes to increase operational efficiency within the finance team.
  • Support with the weekly credit control meetings on collection status and agreeing on the actions assigned
  • Responsible for the accounting of all transactions and ensuring that entries are posted correctly in accordance with IFRS and with Group Policy.
  • Managing Payroll Payments and all employee provisions on the Balance Sheet.
  • Responsible for all Q2C Dashboard reporting for identifying new and renewed deals.
  • Ensure the AR and AP Functions are running according to the Processes in place.
  • Maintain all customer reconciliations on Revenue Recognition and ensuring all accounts are accurate and up to date.
  • Support the Business with Financial Matters as required.
QualificationsQualificationsRequired Experience
  • Advanced English Proficiency
  • Strong accounting background and the ability to effectively communicate financial matters when and as required.
  • A proactive and intentional approach to problem solving.
  • A minimum of 5 years? experience in a similar role.
  • Understanding of accounting and accounting principles.
  • Understanding of regional tax laws and the relevant applications in the ledger.
Preferred Characteristics and Experience
  • Professional education in business administration, finance or equivalent at a reputed institution or equivalent work experience
  • Finance or Accounting Certificate is a must e.g., CA, ACCA, CPA, CMA or CFA is a must.
  • A persistent nature and a willingness to understand and overcome operational challenges/obstacles.
  • Ability to understand processes and challenges and effectively communicate internally.
Previous experience in a multinational technology company would be an advantage

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