Regional Finance Manager
Amana Group
Total years of experience :23 years, 7 Months
Reporting to the Managing Director, with dotted line to Group compliance Manager /Group Treasury Manager /CFO, with the following responsibilities & duties:
• Preparation of financial statements on the consolidation level & stand alone financials for each entity (DXB, AUH, Oman, & KSA) all in accordance with IFRS.
• Ensure compliance with all reporting, accounting and audit requirements imposed by regulatory bodies and local laws.
• Responsible for budgeting, forecasting, and annual business plan.
• Process improvement, communicate and discuss the Division budgets with Division's head & subsidiaries GMs to ensure responsibilities, authorities and accountabilities are defined and understood.
• Analyze variances and performance of business units, make appropriate recommendations and advise management for potential impact &/or effect on group level.
• Analyze, review & provide recommendations with respect to client contracts and variation orders.
• Coordinate with group treasury manager & banks to secure adequate financing facilities for all existing projects on time manner as per company operations requirements.
• Finance & Accounts department representative in the Purchase committee; oversees implementation of purchasing and supplier evaluation processes & procedures.
• Recommendations for development &/or amendment to the existing control procedures to ensure effective internal control is maintained at APC, as well as safeguarding APC's assets.
• Training of finance staff, recommends appropriate training courses, to ensure knowledge and competencies are compatible with requirements of the individual roles within the department, evaluates effectiveness & performance.
Reporting to General Manager, with the following responsibilities &duties:
• Preparing, presenting the financial statements, reports & budgets, ensure compliance with all reporting, accounting and audit requirements imposed by regulatory bodies and local laws.
• Supervise daily /monthly accounting activities and safeguarding the integrity of the financial data.
• Monitor monthly progress against budget, cost allocation among cost centers, maintaining proper financial controls over spending, and report on any variances, ensuring all reports are accurately and efficiently prepared & distributed on a timely basis.
• Business performance reports, variance analysis with comments & highlights for area where improvement is needed.
• Cash flow forecast, and monitoring daily cash position.
• Authorize monthly payroll process from accounting prospective through reviewing, verifying supporting documents, ensuring all approvals obtained according to authority matrix, policies & procedures applied.
Reporting to corporate financial controller/ Acting CFO, with the following responsibilities & duties:
• Initiating, leading, developing the budget planning & preparation process, budget manual, budget calendar, follow up with committee's recommendations and instructions, interdepartmental cooperation, communicating required data/information to all budget related parties to help them in drawing their budget, resolve barriers if any, analyze & review data provided.
• Ensures budget changes during various department reviews are properly captured and incorporated in the system.
• Monitor monthly spending against budget and report on any variances, investigate significant fluctuations & recommend action for improvements.
• Prepare feasibility studies and financial modules for new expansion projects.
Reporting to Finance Manager with the following responsibilities & duties:
• Assisting the finance manager in preparation of financial statements in accordance with IFRS, IAS, & local laws.
• Ensure statutory accounts are reconciled, accurate & up to date.
• Business performance reports, with comments & highlights for area where improvements needed.
• Conduct analysis & perform necessary reports in terms of costs, pricing, & profitability of products / services.
• Custodian of company assets & physical verification from time to time.
• Review the level of collections against receivables on a monthly basis and follows up any long outstanding amounts
• Performing accounting activities related to the monthly payroll process.
• Review, verify, control, & ensure proper processing of daily payments in accordance of policy & procedures applied.