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Hiring for a CFO - Energy/Power Domain - Dubai

Accel Links Associate Human Resource Consultants

Posted on March 14, 2019

17+ years Dubai - United Arab Emirates

Any Graduation. Any Nationality Male

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Job Description

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Hiring for a Chief Financial Officer for a big Group of companies in DUBAI.

Please find below the job description for the same:

SYSTEMS BASED ACTIVITIES:
⚫Contract detail verification and Supervision
⚫Planning documentation and supervision
⚫Waybill transaction verification and supervision
⚫Wagon movement tracking verification and supervision
⚫Authorization of item charge invoices and item journal transaction supervision
⚫Inventory movement verification and authorization.
⚫Review of payment transactions
⚫Approve other postings in system

MANUAL WORK:
⚫Preparing of financial statement of the Group companies
⚫Preparation of budgets and management accounts
⚫Coordination with the external auditor and provide the updated record and resolve their issues on timely basis.
⚫Ensure inventory balances are reconciled and finalize supplier balances
⚫Monitoring the work performed by the finance team in Dubai and Afghanistan.
⚫Ensure all financial transactions are adequately supported and ensure timely payments and review payment documents
⚫Generate reports from the system and manually as requested by the management
⚫Prepare debtor age analysis and report overdue balances with justifications to management.
⚫Perform other tasks as assigned by the management
⚫Review bank and intercompany account reconciliation statements
⚫Prepare account opening documents and coordination with banks
⚫Ensure that an appropriate financial policy framework is in place to guide the Management Board’s financial decision-making.
⚫Ensure appropriateness of the key financial assumptions included in the company’s strategic plans and annual budget proposals. Provide advice to senior management colleagues on these matters.
⚫Work closely with senior management, advising them on like financial consequences of all proposed courses of action.
⚫Maintain contact and liaise with bankers, advisors and auditors to ensure long term financial security and stability the company.
⚫Review and present budget and forecasts to Management Board on timely basis along with reasons for variances
⚫Provide full accounting services for all business units including financial analysis and exploring any potential problems with them in order to make appropriate budgetary decisions.
⚫Ensure the production of accurate monthly management accounts for consumption of Management Board.
⚫Ensure Provision of KPI report to Management Board on daily basis
⚫Monitoring the work performed by the finance team
⚫Review major contracts with suppliers
⚫Approve reconciliation of fixed asset register with General Ledger
⚫Approve intercompany account reconciliation on monthly basis.
⚫Produce rolling cash flow forecast, monitor cash position daily and ensure creditor’s terms are met.
⚫Plan and manage tax liabilities under existing and proposed legislation. Evaluate the tax liability impact of contemplated courses of action, minimize the tax burden and deal with tax authorities.
⚫Undertake such other financial analysis and reporting as requested by the Chairman and CEOs.
⚫Advise the Leadership Team on major financial issues as they arise.
⚫Contribute to CEO’s Risk Management strategic policy and procedures.
⚫Ensure management and maintenance the financial accounting systems of the group entities including fixed asset and depreciation records.
⚫Provide a high level of professionalism reflected in a sound budgetary policy resulting in maximum profit to the group
⚫Ensure that the records are maintained to meet external legal and tax requirements.
⚫Ensure financial and other reporting systems are maintained to the standards required by the group, external auditors and regulatory bodies
⚫Ensure compliance with applicable regulatory requirements.
⚫Ensure external audit is concluded within 1 month of close business year.
⚫Ensure all observations raised by external and internal auditors are duly rectified in reasonable time.
⚫Ensure compliance with company's policies and procedures
⚫Ensure timely recovery of Debtors and highlighting potential bad debts to Management Board on timely basis.
⚫ Approve bank reconciliation statements
⚫ Review bank account opening


Finance / Treasury

Keywords

CFO Energy Domain International exposure

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Accel Links Associate Human Resource Consultants

Accel Human Resource Consultants has been offering HR
consulting and recruitment solutions in UAE and abroad
for the past 12 years

We provide HR consulting focused on best HR practices
to over 500+ global clients in various sectors such as
travel and tourism, construction, pharma, hospital, r etail,
media, marketing, e-commerce, hospitality, logistics,
consulting, engineering, and manufacturing.

One of the leading UAE based recruitment and
human resources firms, Accel Human Resource
Consultants works with both employers and
candidates and that is why we understand both
sides of the recruitment process. At Accel, we
have a dedicated team of recruiters, headhunters,
and consultants that pay attention to even the
smallest of the details to create efficient
employer-candidate connections.
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