Finance Manager

Confidential Company

Employer Active

Posted 30 min ago

Experience

15 - 20 Years

Job Location

Dubai - United Arab Emirates (UAE)

Education

MBA/PG Diploma in Business Mgmt(Finance)

Nationality

Any Nationality

Gender

Any

Vacancy

1 Vacancy

Job Description

Roles & Responsibilities

  • Lead the annual budgeting and quarterly forecasting processes for each assigned high-rise property.
  • Prepare detailed and accurate annual service charge (or maintenance fund) budgets, incorporating inputs from facility management, engineering, and concierge teams.
  • Analyze financial performance against budgets and forecasts, providing clear explanations for variances
  • Prepare timely and transparent monthly, quarterly, and annual financial statements for each property and for the portfolio as a whole.
  • Manage the annual service charge reconciliation process, preparing statements for final billing or refunds to unit owners.
  • Ensure strict compliance in UAE financial regulations, governing documents and accounting standards.
  • Oversee the full accounts payable cycle, including validation and processing of invoices from contractors, suppliers, and service providers.
  • Manage accounts receivable, including service charge collections, follow-up on arrears, and liaison with legal counsel for delinquent accounts.
  • Monitor cash flow across the portfolio to ensure sufficient funds are available for operational and capital obligations.
  • Supervise banking activities, reconciliations, and payment approvals.
  • Implement robust cost-control measures to ensure expenditures are within budget and provide value for money.
  • Analyze major contracts and tenders from a financial perspective, assisting in vendor selection.
  • Liaise with external auditors during the annual audit process and ensure all audit recommendations are implemented.
  • Conduct internal audits of financial processes and service charge records.
  • Act as the primary financial point of contact for the Board of the Owners' Association, attending meetings and presenting financial reports.
  • Explain complex financial information in a clear and understandable manner to non-financial stakeholders.
  • Mentor and lead a team of accounting staff (if applicable).

Desired Candidate Profile

  • Master's degree in Finance, Accounting, or a related field.
  • Professional accounting qualification (e.g., CPA, CMA, CA) is a MUST.
  • Minimum of 15 years of accounting and finance experience, with at least 3-5 years in a managerial role inbuilding construction industry.
  • Proven experience managing service charge accounts and finances for high-rise residential or commercial buildings.
  • In-depth knowledge of financial software and ERP systems (e.g., ORACLE FUSION).

Employment Type

    Full Time

Company Industry

Department / Functional Area

Keywords

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Confidential Company