Assistant Manager - Finance

Job Summary | The Assistant Manager – Finance will be responsible for managing day-to-day finance and accounting operations, ensuring compliance with accounting standards and statutory regulations, supporting financial planning and analysis, managing banking relationships, and providing accurate financial information to management for decision-making. | Key Responsibilities | Financial Accounting & Reporting | Prepare monthly, quarterly, and annual financial statements. | Ensure accurate recording of financial transactions in accordance with IFRS. | Perform month-end and year-end closing activities. | Review general ledger accounts and reconcile balances. | Prepare management reports and financial analysis. | Treasury & Banking | Manage daily cash flow and liquidity. | Coordinate with banks regarding trade finance facilities, term loans, LC, LG, TR, and working capital facilities. | Monitor loan repayments and banking covenants. | Prepare cash flow forecasts and fund utilization reports. | Budgeting & Financial Planning | Assist in preparing annual budgets and financial forecasts. | Monitor budget performance and analyze variances. | Support management in strategic financial planning. | Accounts Payable & Receivable | Supervise accounts payable and receivable functions. | Monitor customer collections and supplier payments. | Review ageing reports and ensure timely follow-up. | Improve working capital management. | Taxation & Compliance | Ensure compliance with UAE VAT and Corporate Tax regulations. | Prepare and review VAT returns and tax reconciliations. | Coordinate with external auditors and tax consultants. | Maintain compliance with statutory and regulatory requirements. | Internal Controls | Implement and monitor internal financial controls. | Ensure adherence to company policies and procedures. | Identify operational and financial risks and recommend improvements. | Cost Analysis | Analyze product costing and gross profit margins. | Monitor operating expenses. | Support management with profitability analysis and cost optimization initiatives. | Audit Coordination | Coordinate annual external audits. | Prepare audit schedules and supporting documents. | Resolve audit observations and implement recommendations. | ERP & Process Improvement | Ensure accurate accounting records within the ERP system. | Identify opportunities for process automation and efficiency improvements. | Support ERP implementation and system enhancements. | Team Management | Supervise finance executives and accountants. | Allocate work and review team performance. | Coach and mentor junior finance staff. | Qualifications | Bachelor's degree in Accounting, Finance, or Commerce. | Professional qualification such as ACCA, CA, CPA, CMA, or CFA (completed or pursuing) is preferred. | Experience | 5–8 years of experience in finance and accounting. | Experience in trading, automotive, manufacturing, or distribution industries is preferred. | Experience in UAE VAT, Corporate Tax, banking facilities, and financial reporting. | Hands-on experience with ERP systems (SAP, Oracle, Microsoft Dynamics, Odoo, or similar). | Technical Skills | Financial Reporting (IFRS) | Budgeting & Forecasting | Treasury Management | Cash Flow Management | UAE VAT & Corporate Tax | Banking & Trade Finance | Financial Analysis | Cost Accounting | Advanced Microsoft Excel | ERP Systems | Soft Skills | Strong analytical and problem-solving skills. | Excellent communication and interpersonal skills. | High level of integrity and attention to detail. | Leadership and team management abilities. | Time management and ability to meet deadlines. | Ability to work under pressure in a fast-paced environment.