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Assistant Finance Manager

10.00 to 15.00 Years   Sharjah, United Arab Emirates   18 Sep, 2019
Bukhatir Group
1 Jobs Openings
Job LocationSharjah, United Arab Emirates
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryIndustrial Engineering & Automation
Functional AreaNot Mentioned

Job Description

Role Purpose:To direct and oversee the activities of the 3 Business Units (BUs) finance team (ABTEC LLC, Bukhatir Properties International, Alliance Facilities Management) ensuring the finance function operates in a manner that ensures the smooth operation of the business and to service the Executive Director and BU Finance Lead and provide the necessary financial information on a timely basis to make informed decisions.?General Accounting and Budgeting of the 3 Business Units:

  • Overseeing the BUs accounting function ensuring timeliness and accuracy of the financial statements and its compliance to IFRS and the Group laid down finance policy and procedures.
  • Leading the Budgeting and strategic planning exercise, monitoring the actual performance against budget, doing variance analysis and suggesting remedial action.
  • Responsible for ensuring compliance with VAT laws and timely submission of VAT returns.
  • Review of BUs payroll process; leave settlements and its disbursement.
Treasury & Finance:
  • Prepare and continuously monitor the BUs short term and long-term cash flows, identifying gaps and ways to bridge the shortfall.
  • Identify the working capital and other funding requirements of the BUs and continuously engage with the bankers to meet the BUs requirements.
  • Ensure timely reconciliation of all the banks account.
  • Review of all LC/ LG application or any other working capital utilization request.
  • Efficiently manage the BUs AR and AP function.
Audit and Corporate Governance:
  • Leading the BU statutory audit exercise, preparing the consolidated financial statement, liaising with the auditors and the group finance to close the Audit under a strict deadline.
  • Ensure compliance with group financial policy and procedures, critically reviewing the BUs accounting. function, identifying any gaps and suggesting remedial action.
Management Reporting:
  • Generating necessary reports as may be required by the group/ management strictly adhering to the timeline specified for reporting.
  • Preparing presentation for the Board, senior management, bankers, etc.
  • Maintaining a good working relationship with all the BU finance manager within the Bukhatir group, senior management, and other stakeholders. He is expected to mentor his reportees and manage their learning curve.

Keyskills :
VAT IFRS Oracle ERP Auditing

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