Finance Manager (UAE National)

3 نوفمبر، 2022

0 0 3 دقائق

Job Description

About GMG:
GMG is a global well-being company retailing, distributing and manufacturing a portfolio of leading international and home-grown brands across sport, food and health sectors. Its vision is to inspire people to win in ways that make the world better. Today, GMG's investments span across four key verticals: GMG Sports, GMG Food, GMG Health, and GMG Consumer Goods. Under the ownership and management of the Baker family, it has become a leading global company, affiliated with the world's most successful and respected brands in the well-being sector. Working across the Middle East, North Africa, and Asia, GMG has introduced more than 120 brands into its markets.
Job Summary:
The role holder is responsible for managing the Finance Department for an assigned Business Unit for effective financial planning and budgeting implementation of robust financial controls and financial risk management framework ensuring adequate financial liquidity and working capital, funding and investment requirements and provisioning for accurate and timely financial accounting and operational services across the Business Unit.
Key Responsibilities:

Addresses financial issues such as cash management practice, capital funding (structure) and investment strategies for the GMG Business Unit

Ensures efficient and effective management of Business Unit's finances through all necessary financial controls, systems and processes and ensures accuracy and integrity of the company's financial records

Manages the delivery of various financial operations activities for the Business Unit and ensures that these are in line with the GMG group's processes, guidelines and standards defined

Provides guidance and advice, related to the management of cash flow, cost controls and expenses for different departments of the Business Unit identifying potential financial opportunities and weaknesses and recommending corrective actions

Monitors financial performance versus the budget e.g. the operational budget, the seasonal buying budgets etc. to ensure awareness of anticipated costs/revenues, excesses/deficits, areas of unsatisfactory performance and potential performance improvement opportunities

Leads the following for Business Unit:

o Revenue and Accounts Receivable activities including issuance of Accounts Receivable invoices, Accounts Receivable reconciliations and ageing, accurate recording of collections and accrued revenue
o Accounts Payable (Projects and Operations) activities including processing of Accounts Payable Invoices, liquidations of advanced payments, preparation of Accounts Payable entries, Accounts Payable Reconciliation and Aging
o Inventory recording and monitoring of received and issued items
o General Ledger entries including Fixed Assets depreciation and disposal, Fixed Assets reconciliation, pre-payments, accruals, inter-company transactions, and related parties, bank reconciliations, provisions and write-off

Ensures completeness, accuracy and timeliness of all financial reporting including the coordination and completeness of annual audit reviews and ensuring compliance with IFRS and with all legal requirements

Leads the development of standard models for investment proposal preparation in line with the Group's policies and issues guidelines on analysis/methodologies and parameters, financial scenarios, sensitivity analysis etc. which aid in informed decision making by the Management Team and relevant stakeholders

Assesses risks associated with the financial transactions executed and collaborates closely with the CFO on monitoring and implementing them

Serves as the principal contact with the external audit firm(s) for the Business Unit and ensures that they are provided close cooperation and assistance in the discharge of their responsibilities, including primarily the certification of GMG's financial statements

Reviews and provides exceptions, variance, retail productivity, stock, sales, financial and budgetary analyses through MIS reporting for the respective Business Unit

People Management:

Defines goals and key performance indicators for each member of the team and ensures effective implementation of the GMG's performance management process

Develops talent within the team by providing guidance, mentoring and coaching to achieve the defined goals

Drives a culture of feedback and coaching in the Business Unit/ Department by providing feedback on an ongoing basis, identifying development needs and coaching the employees on the areas of improvement

Educational Qualifications and Certificates:

Bachelor's degree in Finance, Accounting or Business Administration
Master's degree in Finance, Accounting or Business Administration, is preferred
Professional certificate (i.e. CFA, CPA, CMA or CA)

Experience:

A minimum of 8 years of relevant experience across the finance and/or accounting functions, with at least 4 years of leading finance department/function

Skills:
– Advanced computer skills, including proficiency in MS Office and Microsoft Dynamics and financial reporting software
– Knowledge of ERP Financial Packages.
– Exceptional communication skills
– Results-oriented, strategic thinker and time planner
– Attention to Details
Language requirements: