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Finance Manager
3 weeks ago
The Role
**Job Brief**: Our client is looking for an experienced Finance Manager to oversee financial reporting, accounting, compliance, and operational financial management. This role is responsible for ensuring accuracy in financial records, supporting corporate reporting requirements, and managing financial compliance under ZATCA regulations. The Finance Manager will play a key role in financial planning, taxation, inventory control, and audit processes. Job Responsibilities: Financial Reporting and Analysis Prepare Monthly MIS Reports and other monthly and quarterly financial reports (i.e., Finance and Operating Review Presentation) required by the Corporate Group. Prepare month-end financial reports and account reconciliations. Track and analyze P&L expenses and report on differences between actual and expected spending. Prepare financial forecasts (on Sales, Working Capital, etc.). Financial Accounting Responsible for all month-end closing activities, ensuring that all month-end journal entries and closing activities are completed in a timely and reconciliations finalized and sent to the Corporate Controller by 8th of following month. Manage day-to-day banking transactions including cash and cheque management; and prepare monthly bank reconciliations. Ensure that transactions relating to the procurement cards/reimbursements are proper and recorded accordingly in SAP (supporting documents received from the team and reviewed, expenses not related to business operations are not considered expenses of the company). Review open POs quarterly and GRIR reports monthly and resolve any discrepancies before month-end. Manage Accounts Payable and ensure timely payments of vendors (third-party, intercompany, products/service). Analyze inventory costs and ensure that landed costs (i.e., custom dues and clearing charges) are allocated correctly in the products. Review Inventory aging and analyze for provision for obsolete and slow-moving requirements. Review AR aging and collection; and analyze for provision for bad debt requirements. Ensure that transactions are posted in the correct profit centers and shared costs are allocated according to the existing Cost Sharing Agreement. Ensure that intercompany transactions are recorded correctly in SAP as per the nature of transactions and proper summary is kept for review of the Finance Managers in the UAE. Prepare payroll upload files and JV entries. Prepare annual financial budgets (P&L and Balance Sheet). Taxation and Compliance (as per ZATCA requirements) Prepare VAT monthly returns, reconciliation, and filing. Prepare Withholding Tax ret. urn, reconciliation, and filing. Prepare Annual Corporate Tax return, reconciliation, and filing. Ensure agreed transfer pricing is followed and compliant with the requirements of the law. Handle and manage tax audits. Analyze other applicable taxation and compliance requirements. Lead the external audit process and ensure to file the Audited Financial Statements on time in the applicable government portal. Additional Responsibilities: Coordinate quarterly inventory counts, reconcile the inventory count records with SAP balances, and analyze and adjust the variances in the system after approval. Support internal financial audit processes and assist in documentation and monitoring of internal controls. Assists with related special projects specifically with shared service functions, as required by the Corporate.
**Requirements**:
**Job Requirements**: 10-15 years of UAE experience in a managerial role within the Finance Department. Education: Bachelor’s degree in Accounting (mandatory). Certification: CA or CPA Preferred. Strong knowledge in using SAP and familiarity with ZATCA regulations. Age Criteria: 30-40 Years. Language Preference: Arabic Speakers are preferred for the role.
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