[ref. v97302518] Senior Finance Manager | Group Finance | Corporate Services - Dubai
Job description / Role
Employment: Full Time
Overview of the role
We are seeking a highly skilled and experienced Senior Finance Manager to join our enterprise IT function. The successful candidate will play a crucial role in managing the financial aspects of our IT operations, ensuring alignment with our strategic goals, and driving financial performance.This role will perform key financial planning and controlling activities and will work closely with stakeholders to drive financial and commercial excellence.
GTDP is one of the largest Functional P&Ls at AFG Corporate Division (annual spend of AED 300 M+). Will manage, challenge and maintain financial processes and outcomes (operating and capital expenditure, cost allocations, MIS, management reporting and reviews).The candidate will be responsible for providing financial inputs, advice and support to stakeholders.
What you will do
Budgets, MIS & Cost Allocation- Lead financial planning, budgeting, forecasting, and reporting ensuring timely and accurate submission.
- Develop and maintain financial models to support strategic decision-making and cost management initiatives.
- Monitor and analyze financial performance, identifying areas for improvement and implementing corrective actions as necessary.
- Collaborate with leadership to develop and implement financial strategies that support the organization's objectives.
- Prepare cost allocation budgets complying with Transfer Pricing policy, liaise with divisions for sign-off, carry out timely billing and true-ups.
- Drive continuous improvement in financial processes, leveraging technology and best practices to enhance efficiency and effectiveness.
- Monthly balance sheet substantiation, regularizing misstatements timely, ensuring best quality of books.
- Regular review of trial balance, GL schedules and account reconciliations ensuring correctness of accounting and timely resolution of issues.
- Reviewing (ensuring DoA, budget and policies compliance) and releasing purchase orders.
- Manage IT-related financial risks, ensuring appropriate controls and compliance with audit requirements.
- Oversee the preparation of financial reports, ensuring accuracy and compliance with corporate policies and regulations.
- Manage working capital ensuring adherence to treasury limit.
- Cashflow forecast preparation (annual and biweekly) and perform monthly variance analysis.
- Manage account receivables ensuring timely billing and collection.
- Manage account payables including regular review of open POs, GRIR balances, CWIP, supplier advance, payables, etc.
- Liaise with customers and vendors closely.
- Continuous review and improvisation of processes.
- Provide financial guidance and support to IT project teams, including capital expenditure analysis, ROI assessment, and project cost tracking.
- Review business case and perform financial viability analysis for transformation projects - focusing on financial value generation to customers through effective cost optimization, scoping and sizing, appropriate phasing and resourcing.
- Monthly review of project costs, variance to budgets and reporting.
- Provide ad hoc analysis and reports as needed.
- Knowledge of IT industry trends, technologies, and best practices.
- Familiarity with regulatory requirements and compliance in the IT sector.
- Strong problem-solving and analytical skills, with a focus on continuous improvement.
- Sound knowledge of accounting standards, compliance, UAE VAT, CIT.
- Working knowledge of SAP and presentation skills.
- Planning and execution expertise, strong process orientation.
- Professional accounting qualification (CA/CPA) with proven expertise in financial and management accounting and reporting.
- Strong core finance technical skills (deep understanding of balance sheet, cash flow statements and P&L) and clear understanding of finance and accounting standards (IFRS), controls and processes.
- Robust financial planning and analysis (FP&A) experience with exposure to senior management.
- 8 to 12 years of well-rounded experience in the field of finance and accounting, with a focus on the IT sector or enterprise technology environment.
- Strong understanding of financial principles, budgeting, forecasting, and financial analysis.
- Proficiency in financial modeling, data analysis, and reporting tools.
- Excellent communication, presentation, and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.
- Experience with ERP (SAP - FICO, BPC, BI etc.) and information systems, including planning, implementation and monitoring.
- Proficiency in MS Office (Excel, PowerPoint, Word).
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Before you click "apply": Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalized CV to further boost your visibility.Our global talent acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our values of respect, integrity, collaboration, and excellence.
As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.
About the Company
Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region.Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.
The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario.The Groups continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.
The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Groups belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.
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