Finance Manager - Abu Dhabi

Job summary

To provide direction to the General Manager and Corporate Office to manage the financial affairs to ensure its financial resources are effectively utilized to achieve long and short-term objectives.

Responsibilities

• Directs the development of the Finance, Accounting and Reporting policies, procedures systems & personnel to ensure:
• Accounting records are prepared and maintained in accordance with the Companies' accounting policies, in line with IFRS and Contracting business practices
• Timely and accurate preparation, presentation, and delivery of monthly and annual financial statements as per Companies' Accounting Policy requirements, expected standards and agreed deadlines/timeframes
• Effective monitoring and management of each Project's performance against approved forecast, budgets, business plans and other appropriate benchmarks
• Maximization of efficiencies in operating processes and procedures in the locations
• Ensures that the appropriate processes and systems in place to monitor and report on actual financial performance of the Company projects against approved budgets in order to ensure that proposed and approved projects are delivering both the required and expected financial returns to the Project and the Company
• Provide accurate and timely reporting of Companies' financial performances and the treasury and accounts sections
• Set the tone for implementation and adoption of ERP systems across the business segments of the Company, including the interface of HRMS and Projects with Finance Module
• Supervise general ledger accounting to ensure that revenues, costs and project expenditures are correctly coded, the fixed assets register is maintained and prepaid and accruals are properly recorded
• Verify month-end trial balances of the company and verify the reconciliation of accounts
• Oversee the preparation of periodical closures of accounts and reporting
• Supervise the preparation of monthly financial reports including expenditures statements, variances against budget, commitment reports, income statements, balance sheets, cost centre reports, etc., for management and shareholders
• Ensure job costs, including work-in-progress is reported monthly and progress revenues are approved and posted
• Participate in the development of Finance business plans and work programs
• Review the A/P status on a weekly basis for outstanding invoices
• Resolve any disputed invoices
• Lead the consolidation of budgets for the Company
• Together with the General Manager, oversee the preparation of annual budgets and business plans, as well as any periodic financial forecasts which are required to effectively manage the financial operations of the business in line with Company Objectives
• Monitor financial performance against the budget
• Ensure quarterly forecasting of income and expenditures and variance explanation to budget for purposes of reporting to the shareholders and management
• Liaise with Production team to obtain data on work progress, cash forecasts, expenditures, and income for midstream / downstream and corporate functions in order to prepare forecasts
• Conduct all work activities in a safe and environmentally responsible manner at all times by not taking on any task(s) that are perceived as unsafe
• Contribute to the decision-making process to provide recommendations and ensures implementation of approved plans
• Oversee the accounts payable function and ensure that vendors' and shareholders' invoices are correctly recorded, verified, processed and approved for payments by due dates
• Keep abreast of development in new accounting and reporting standards and propose their adoption by Company where appropriate
• Ensure compliance with financial authorities, financial policies, and procedures
• Ensure audit compliance (internal and external including government) and full sign-off without reservation from external auditors
• Monitor insurance policies and claims
• Recommend development and oversee the implementation of financial operating policies, procedures and controls covering defined areas of finance activity in order to fulfil relevant procedural and legislative requirements
• Ensure staff compliance with approved financial policies and procedures, and International Financial Reporting Standards to secure a financially efficient and effective operating performance within approved budgets
• Participate in major commercial negotiations, and in particular oversee financial aspects of significant commercial real estate transactions including funding, taxation, structuring and financial modeling/feasibility analysis
• Manage Project Financing and Risk Management
• Lead business partner to review the Companies' project financing , facilities, and risk exposure
• Ensure that project financing are meeting the covenants and managed to ensure that project pay-back is matched with the forecasts
• Coordinate with banks to ensure that the project revisions are matched with the repayments
• Ensure relationship management with all banks
• Set up systems to ensure transparency in the utilization of project finances from banks

Qualifications, Experience, & Skills

• Preferred Qualifications:
• Qualified accountant CA, ACCA or equivalent
• Bachelor's Degree in Accounting
• Preferred Experience:
• 10-12 years' experience
• Job-Specific Skills:
• Core Contracting business expertise, with Project Review background
• IT/PC literate, knowledge & experience in development and utilization of ERP system (Oracle)
• Knowledge and understanding of International Financial Reporting Standards
• Strong analytical skills and sound understanding of process and transactional flows

Competencies

• Strategic Decision Making
• Risk Management
• Advanced Financial Analysis
• Project Leadership, Management and Communication

Job description