Finance Manager - Dubai, United Arab Emirates - TAIT Towers

TAIT Towers
TAIT Towers
Verified Company
Dubai, United Arab Emirates

1 week ago

Ahmed Al-Mansouri

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Ahmed Al-Mansouri

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Description

Based at TAIT, Dubai, TAIT Towers is the Market Leader in designing, constructing and delivering world-class solutions for live experiences.


Whether it's creating awe-inspiring spectaculars, complex touring stages, theatre engineering solutions, brand activations or cruise ship installations, TAIT delivers world-class solutions for live experiences.

With its proprietary entertainment automation platform, custom-made products, and creative engineering, TAIT's innovative offerings continue to advance industry standards and exceed client expectations.

As a global network of over 900 employees in 14 office locations, TAIT has worked on projects in over 30 countries, all 7 continents and even outer space.

TAIT's diverse group of clients include Taylor Swift, Cirque Du Soleil, The Metropolitan Opera House, NASA, National Geographic, Beyoncé and The Olympics.


We are seeking an ambitious Finance Manager to join our talented growing MENA Team to ensure all Finance activities are conducted in accordance with company policies.


Position Purpose:


Key Responsibilities:


  • Prepare and review monthly, quarterly, and annual financial statements, ensuring accuracy and completeness.
  • Oversee the general ledger accounting process, including journal entries, account reconciliations, and monthend close activities, to maintain the integrity of financial data.
  • Manage accounts payable and accounts receivable processes, including invoice processing, vendor payments, customer invoicing, and collections, to optimize cash flow and liquidity.
  • Assist in the development of annual budgets and periodic forecasts, collaborating with department heads to ensure alignment with strategic goals and financial targets.
  • Conduct financial analysis and variance analysis to identify trends, patterns, and opportunities for improvement, providing insights and recommendations to senior management.
  • Implement and maintain internal controls and procedures to safeguard company assets, prevent fraud, and ensure compliance with regulatory requirements and company policies.
  • Coordinate with external auditors and regulatory agencies to facilitate audits, reviews, and compliance assessments, ensuring timely and accurate submission of financial information.
  • Manage tax compliance activities, including preparation and filing of tax returns, ensuring compliance with federal, state, and local tax regulations in UAE and KSA.
  • Identify opportunities to streamline accounting processes, automate repetitive tasks, and enhance efficiency and accuracy in financial reporting and analysis.
  • Drive the revenue recognition progress for the projects.
  • Manage the overall books of the company, and ensure all accounts are being reviewed.
  • Perform assigned duties according to the policies and expectations prescribed by the company.
  • Reviewing the complete GL in ERP and ensuring the accuracy and correctness of transactions.
  • Ensuring daily data entry and posting of the transaction's same day.
  • Fixed asset register management, calculating periodic depreciation, addition of assets, and correct accounting for disposal entries in ERP as per the Fixed Assets SOP.
  • Daily reviewing customer balances to identify the outstanding receivables. Following the sales team for the timely recovery.
  • Review petty cash expenses and ensure cash is only used for the allowed expenses as per the Petty Cash SOP.
  • Comparing the actual performance of projects with the budgeted and doing variance analysis.
  • Assist in booking all transactions in the ERP system and support the team to maintain the accurate entry booking on a timely basis.

Expectations:


  • Ensuring business processes, administration, and financial management.
  • Maintaining accounting system.
  • Manage the accounting team daily.
  • Maintaining good communications with the project team.
  • Reviewing financial reports.
  • Preparing financial analysis.
  • Analysing revenue, expenses, cash flows, and balance sheets.
  • Supervising accountants and ensuring compliance with SOPs.
  • Booking all types of accounting transactions on the ERP.
  • Reviewing and processing payments of the business.
  • Maintaining an accurate filing and recordkeeping system for all financial statements and company documents

Position Requirements:


  • Degree in Finance, Accounting
  • Post Qualification (ACCA, ACA, CPA, CMA)
  • 10+ years of experience in Accounting and Finance
  • Experience in project accounting (Events/Construction)
  • Excellent communication skills, with the ability to collaborate effectively with crossfunctional teams.
  • Ability to thrive in a fastpaced environment and manage multiple priorities and deadlines effectively.
  • Commitment to integrity, professionalism, and ethical conduct in all aspects of accounting operations.
  • Excellent organizational skills and attention to detail.
  • Strong analytical and problemsolving skills.
  • Experience with Epicor or another similar ERP system.
  • Knowledge of UAE and KSA Tax regulation
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