Senior Finance Officer

Description:

To lead, organize, & oversee the financial operations of the group. The role ensures accurate financial management, regulatory compliance, and strategic planning while streamlining processes & maintaining cost efficiency.

Responsibilities:
-Develop & implement standardized financial policies, procedures, and systems across all companies
-Oversee budgeting, forecasting, & variance analysis for each company
-Consolidate financial statements & reports to provide clear picture of overall group performance
-Conduct in-depth cost & financial analysis to identify inefficiencies & recommend actions to reduce unnecessary expenses across all companies
- Manage day-to-day operations of finance, ensuring timely processing of transactions, payroll, & reconciliations
-Allocate resources, prioritize tasks across companies to meet unique operational needs
-Collaborate with company managers to understand their financial requirements & align finance processes accordingly
-Ensure compliance with UAE financial regulations, tax laws(e.g., VAT), industry standards
-Monitor & mitigate financial risks, including receivables management & cash flow optimization
-Coordinate with external auditors & manage audits for group & individual companies
-Supervise & mentor finance staff within the department, Evaluate team performance & recommend training or restructuring to improve efficiency
-Leverage SAP system to streamline reporting, financial management, & decision-making processes
-Ensure efficient use of SAP modules across all companies to meet their specific needs(e.g., financial accounting, inventory management, and project tracking)
-Provide training support to finance staff on SAP functionalities to maximize system capabilities
-Collaborate with SAP consultants or IT team to address system issues, implement upgrades, customize reports as needed
-Act as a financial advisor to team, provide insights on profitability, cost control, & investment opportunities
-Develop & monitor KPIs for finance department & each company Assist in strategic decisions like capital allocation, project feasibility, & business expansion
-Regularly present cost-saving initiatives to management, with data-driven insights on potential savings & ROI
-Collaborate with operational managers to align cost-cutting strategies with business objectives without compromising performance

Qualifications
-Bachelor’s degree in Accounting, Finance, or a related field (Master’s or CPA/CMA/CFA preferred)
-Minimum 7-10 years of experience in multi-business or shared accounting environment, with at least 3 years in senior role
-Strong knowledge of UAE tax laws & accounting standards(IFRS)
-Proficiency in financial software(SAP) ERP systems
-Exceptional analytical, organizational, & leadership skills
-Effective communication & problem-solving abilities