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Finance Manager

Makeen Properties

Posted on May 6, 2019

10 - 15 years Dubai - United Arab Emirates

Bachelor of Commerce(Commerce). Any Arabic National, Any GCC National

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Job Description

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Job Purpose
• To be responsible for all the accounting business functions both financial accounting and management reporting.
• Analysis of existing internal controls and recommendation / implementation of improvements
• Proactively drive improved MIS reporting with the assistance of the Management Accountants
• Leads the preparation of accurate monthly, quarterly and yearly statutory reports
• Ensure that all invoices are processed in a timely and accurate manner by the team

Cost Accounting

• Co-ordinate with the various operations and support units to ensure timely and accurate cost data is available for preparation of cost reports.
• Preparation of budgets and financial forecasting as well as monitoring progress and expenditure against budget.
• Controlling expenses in alignment with the set budget and developing monthly expenses report.
• Prepare monthly variation reports of actual progress against planned progress.
• Prepare project monthly cost reports for tracking purposes and control.
• Identify delays against contract programs and to advise the Project management/development dept. Accordingly.
• Liaise and assist the Project development Manager, Project Manager in the preparation and monitoring of short term programs.
• Liaise with internal and external Quantity Surveyors and the Project Management team in respect of Project Invoices and preparation and updating cash flow forecast.
• Generate detailed time schedule plan and cash flow for awarded projects.
• Development and Management of costing and budgeting system.

Financial Planning

• Preparation of Yearly financial budgets as per corporate guidelines within the time cycle.
• Efficient Fund Management Planning through periodic forecast for proper utilization of resources
• Risk Management- Identify, assess and analyse timely any risk to the set budget
• Preparation of cash flow statement to ensure proper deployment and procurement of funds.
• Preparing and analysing monthly Flash Reports of all properties.
• Preparation of financials of all the properties on monthly, quarterly and annual basis
• Preparation of the company's budget and analysis of budget variance and suggesting necessary remedial action for major deviations.

Financial Management & Reporting

• Monitor and Report budget variance periodically for control
• Analyse working capital to anticipate future cash flow problems.
• Management & optimization of major financial recording, payment and monitoring systems of the company
• Monitor receivable movements to curtail collection issues that lead to bad debts.
• Monitor Inventory position to avoid overstocking and dead stock!!?? Is this applicable to Real Estate?
• Fulfilment of leasing deal requirements and letter of credit deals.
• Preparation and submission of periodical Managerial and other Reports as per corporate guidelines.
• Review and ensuring the accuracy of Account Schedules.

Compliance and Monitoring of Policies & Procedures

• Reviewing and approving all accounting transactions in line with the Group Policies & Procedures
• Ensuring all accounting transactions in line with approved corporate authority matrix
• Review and approve credit as per group policies
• Execute internal and external audit procedures
• Ensure efficient fixed assets management to safeguard company assets are in place.

Real Estate

• Liaison with contractors to ensure timely completion of projects and correct payments.
• Implementation of proper Internal controls for effective management of lease renewals, new leases, payment to creditors and inventory control.
• Proper verification of rental & lease / tenancy contracts and assisting in finalizing the documents
• Exercising full control over PDC’s received from tenants and proper accounting & banking of the same.
• Liaison with property valuers for timely valuation of properties, new and existing.
• Handle property Insurance and indemnify the company from associated risks.
• Verifying & processing the monthly payroll for the real estate Division
• To manage the day to-day finance and accounts for the property leasing/renting division
• Manage the digitizing of the accounting and real estate transactions through the platforms provided and installed by the company.


Real Estate

Accounts / Taxation / Audit / Company Secretary

Desired Candidate Profile

Educational Qualification Requirements:
• Bachelor’s degree in Accounting/Finance from a recognised university.
• Qualified accountant (CIMA, ACCA, CPA)

Skills & Professional Requirements:
• Experience in Feasibility Studies, Business Planning, Financial Modelling
and Valuation
• Must have strong UAE experience in property rental income accounting
• Strong in budgeting, reporting ERP software experience is a must
• Arabic speakers are preferred

Experience Requirements:
• Working as a Finance Manager in Real Estate Company for at least 8-10 yrs
• UAE Real Estate development experience is essential
• Ideally started career in a large accounting firm such as the Big 4.

Attributes and Behaviours:
• Must have excellent communication skills
• Ability to deal simultaneously with multiple tasks
• Logical, structured, methodical
• Assertive but cooperative
• Strong worth ethics
• Digitally skilful in several accounting and management software.

Keywords

Accounting MIS Reporting Budgeting & Forecasting Financial Reporting

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Makeen Properties

Makeen Properties, a Ghobash Group Company, is a boutique real estate company undertaking investment, property management and leasing on behalf of the Ghobash family, and boasts nearly three decades of market expertise and experience.

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Contact

Name/ Designation:
Bhavana Dalal - NA

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