With a global reach this top oil producing and refining business, with diversified interests, has recently set up a new trading entity in Dubai to trade a range of commodities; starting with oil/fuel products and gold. With a starting P&L in the multiple US$100 millions the firm has made a serious commitment and is adding [...]
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Finance and Admin Manager
| Salary: | AED 44000 |
|---|---|
| Location: | Abu Dhabi |
| Type: | Permanent |
| Advertiser: | Manpower Professional |
| Posted: | 20 May 2012 |
| Reference No.: | GJM-39189 |
Our client, a reputable company is currently seeking to recruit Finance and Admin Manager. You will be reporting directly to the General Manager
Duties and Responsibilities
Financial Accounting:
- Ensure preparation of financial accounts, detailed budgets and financial plans on a composite and unitary basis for approval from GM/CEO and distribute the same to all departments for effective implementation.
- Review and compare results with approved budget levels and analyse deviations. Investigate variances with managers and recommend remedial actions where necessary
- Ensure development and implementation of Financial and Accounting policies, procedures and systems and advice top management (GM / CEO) and senior managers on the interpretation and implementation of these policies.
- Ensure preparation of financial statements and books of accounts of the group as per set accounting standards.
- Direct resources and define timelines to ensure timely and accurate collection, consolidation and effective presentation of Company accounting and audit information for review to Senior Management monthly and quarterly meetings.
- Ensure preparation of the finance and accounting department budget and monitor financial performance versus the budget so that the business is aware of anticipated costs/revenues, areas of unsatisfactory performance are identified and potential performance improvement opportunities are capitalised upon.
- Also control and monitor various department budget and provide regular feedback on the performance to the departmental heads and the management
- Develop Capital Budget, in consultation with GM/CEO and manage forecast and perform / provide inputs on financial feasibility of all capital investments.
- Monitor and direct the preparation of daily cash flow and working capital statements, Utilisation of cash for procurement and assess budgeting impact on cash flow.
- Effective management of recoverable / credit with special emphasis from retail perspective.
- Ensure effective systems and processes are developed and implemented to manage risk associated with both the businesses – Retail and Real Estate (from Insurance perspective in particular)
- Develop an effective process to manage foreign currency risk and recommend/develop action plan to minimise / eliminate any such risk
- Develop strong internal audit controls to ensure proper implementation of systems and procedures.
- Ensure the effective achievement of departmental objectives through effective people Management – setting individual objectives, managing performance, developing and motivating staff, provision of formal and informal feedback and appraisal – in order to maximise subordinate and departmental performance.
- Ensure regular follow-up with debtors – Agents and customers for timely and effective realisation of outstanding payments
- Manage and implement inventory control, seek guidance from GM/CEO - stock issue, quarterly / annually stock count and logistics management, spare parts etc for retail business.
- Manage and develop an effective process for reconciliation of existing goods received from principal’s v/s issued to various showrooms and outlets develop effective pricing, margin fixation and realisation policy.
- At least 10 years experience in Finance and Accounting, with at least 5 years in retail industry
- Qualified Chartered Accountant (CA), Degree in Finance or Accounting; MBA in Finance with a professional Accounting qualification e.g. ACA, CPA, or ACCA
- Financial, Accounting and budgeting skills, Communicating, team management and presentation skill, People management
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