Director - Management Accounting

Job Description

Responsible for overall Management Accounting functions with emphasis on preparation, analysis and interpretation of monthly management reporting, Board Packs, quarterly forecasts and annual budgets enabling the BU heads to take informed decisions to grow and improve the business.

• Produce a robust monthly management reporting pack, with insightful analysis and interpretation of variances, against budget expectations.
• Assist CFO in Board Pack preparation.
• Ensure regional finance teams provide monthly accurate management reporting and information is submitted in accordance with internal deadlines.
• Manage and coordinate the annual budget and quarterly forecasting process for the region, ensuring adherence to the timelines and a comprehensive understanding of underlying assumptions.
• Develop and oversee the implementation of policies and standards covering relevant functions of the Finance Division.
• Perform cost optimization exercises and analysis through diligent review of all operating cost elements.
• Co-ordinate with the Commercial teams and provide support for customer contract reviews, customer profitability exercises.
• Ensure that the regulatory requirements of all statutory bodies within UAE and overseas regarding company's financial affairs are efficiently managed.
• Assist in formulating the company's future direction by monitoring and directing the implementation of strategic business plans.
• Supporting the BU/Departmental Budgeting process by providing information to the leadership and critically evaluating the budget proposals.
• Consolidation of budget and preparation of sub-budget elements e.g. Manpower budget, Revenue budget, SSD budget etc.
• Reviewing the AFEs (Approval for expenditures) relating to relevant departments and BUs.
• Working with other teams including Payables, Receivables, staff control whenever needed for matters such as payments authorization etc.
• Coordinate with other departments and functions on management fees, SLAs and dividends.
• Recommend and participate in implementing financial systems / changes.
• Design and maintain costing and profitability analysis systems.
• Preparation and submission of Ad Hoc and periodic reports with regards to the financial performance of the company.
• Ensure compliance with state regulatory requirements, financial and audit procedures.
• Initiate and hold review meetings with the departments, functions, and BUs on regular basis.
• Review Audit results for relevant areas, evaluate the findings, lapses and weaknesses and recommend action plans thereof.
• Ensure attraction, retention and skill development of finance team to create a high performing talent pool
• Support operations team in providing all necessary support and financial analysis to fulfill their duties.
• Build partnerships and maintain strong relationships with all senior managers and their teams across BUs and departments.
• Act as the main point of contact for internal and external auditors as and when required.