Responsibilities & Accountabilities
Supervise the preparation of the financial statements Oversee the financial reporting requirements in compliance with IAS and IFRS
Manage the university financial risks and strategic planning and feasibility studies
Support the University planning process and performance reviews through development of appropriate financial management reports and analysis
Lead and mentor a team of finance and accounts with focus on commercial achievement to meet the corporate requirements.
Properly manage the university Cash flow
Implement a robust budgeting process and monitor expenditure
Manage the accounting functions (Revenue, Accounts Receivable, Accounts Payable, Treasury, Assets, Payroll, etc.)
Provide timely monthly financial reports and analysis to upper management in support of decision making process
Part take in the decision making processes related to administrative/financial and campus activities.
Foster effective working relationship with auditors (internal and external) to ensure that all recommendations and findings identified are acted upon promptly
Ensure maintenance of strong working relationship with banks and all business partners.
Provide and deliver monthly management accounts and ensure that they represent the actual financial position of the colleges and departments
Monitor the deployment and adherence to policies, systems and processes
Lead, coach and guide subordinates by providing them with technical guidance, training and the required growth opportunities to ensure that subordinates are developed for higher-level roles
Review and develop appropriate Finance policies and procedures taking account of compliance and risk management requirements as well as best practice processes
Ensure appropriate financial controls and systems are in place
Undertake improvement projects to support enhancements in the efficiency and effectiveness of the Finance department
Structure and direct the workflow of staff. Review and perform performance of Finance Staff
Required Knowledge and Skills
Technical Skills and Knowledge:
Knowledge of GAAP, IFRS, IAS
Strong Accounting background and In depth knowledge of finance, accounting, budgeting, and cost control Accounting and Internal controls
Working knowledge of ERP
Knowledge of developing financial controls, policies and systems, budgeting and financial reporting, financial modeling and cash forecasting.
Strong leadership, decision making and managerial skills
Excellent communication and problem solving skills.
Attention to detail and a high level of accuracy
Must demonstrate strong work ethics and integrity
Verbal communication/ Language skills
English / Arabic / Other Language is a plus
Written communication skills
English / Arabic / Other language is a plus
Knowledge in Accounting Software amd ERP application
Expert in the use of Microsoft Office Suite
Required Qualifications & Experience
Applicant must be bilingual; that is he must be completely fluent in both Arabic & English. Applicants that do not fit these criteria will not be considered.
First Degree in Finance or Accounting from a top tier University and an accounting Certification CA/CPA/CMA/CGA/ACCA.
Master s Degree in Financial Management & Accounting is a plus
Knowledge and expertise in handling Accounting software.
Experience in managing a Finance function. Experience in the higher education sector is preferable but not necessary.
5 to 10 Years of experience, with at least three of those years in a director position.