Job Description

A. JOB SUMMARY

The primary responsibility of the CFO is to prepare and implement financial strategy, policies and procedures and financial controls framework in order to ensure the achievement of Company's financial objectives, controls and financial stability. The CFO will ensure internal controls are effectively in place and functional. He/she will also ensure compliance with applicable rules and regulation.

The incumbent will be leading Finance functions including Accounting and General Ledger, Financial/Management/Regulatory reporting, Forecast and Budgeting, Accounts Payable and Receivable, Annual/periodic audits facilitation, Taxation, Finance systems, Funds management and Treasury.

This job reports to the MD and the incumbent shall function in accordance with the applicable policies and regulations.

B. KEY RESPONSIBILITIES

1. As member of senior management, CFO shall assist the MD and the team in:

(a) Providing strategic direction to the company through strategy formulation, decision making, forecast/budgeting and its implementation/monitoring

(b) Establishing and implementing internal controls and ensuring efficient and effective financial operations as per industry benchmarks.

2. Ensure that Financial and Accounting policies & procedures are in accordance with statutory regulations and global standards and complying with risk management and internal controls.

3. Take charge of Finance, Accounts and Taxation matters. Ensure that all accounting records are properly and timely maintained, reporting cycles and other associated engagements are successfully performed in an effective and timely manner in accordance with the regulatory and organizational requirements.

4. To be responsible of :

a. Periodic Financial Statements and monthly internal reports.

b. Financial Accounting System including Chart of Accounts and Account Codes.

c. All payments.

d. Accounting software

e. Financial policies, procedures and systems

f. Reimbursement strategies, reports and appeals

g. Budgeting systems for both operating and capital budgets

h. Tax returns and tax planning

i. Financial analysis of new projects and business development.

j. Disbursements (payroll and accounts payable) processing

5. Finalize annual financial statements/ periodic financial statements (where required), get them audited from External Auditors and place them before Managing Director for consideration and approval.

6. Prepare financial projections and budgets in line with business plan and get these approved from senior management and the Stakeholders.

7. Ensure implementation of proper accounting system for bookkeeping, operational support as per best industry practices.

8. Ensuring maintaining effective relationship and co-ordination with key stakeholders including related entities, government bodies, etc. .

9. Ensure strict confidentiality of the financial operating matters.

10. Monitor the overall funding status, disbursements, repayment and related reporting.

11. Co-ordinate for arrangement and management of funds.

12. Assist in training & resource development initiatives focusing on knowledge, skills and attitudes for building capacities to deliver on present positions and build long term capability to shoulder additional responsibilities.

13. Assist in implementing performance Management system to recognize and reward good performance and promote a culture of accountability and merit.

14. Ensure compliance with covenants incorporated in financing documents with banks / Government departments.

15. Negotiate contracts and agreements with third parties for commercial aspects of the running of the projects.

16. Plan, assign and review work of staff to ensure that group objectives are met. Hire, train, develop and manage FINANCE DEPARTMENT staff to ensure that a qualified staff exists to company objectives.

17. Work with the wider senior management team to interact with all stakeholders, other global and local entities to enhance the company profile, build alliances and source grant funding.

18. Perform any other task assigned by the Managing Director.

C. JOB SPECIFICATIONS

Education

Chartered Accountant (ICAP), Cost and management accountant (ICMAP)

or member of a recognized foreign accountancy organization or

Masters in Finance or equivalent.

Experience

Should have 15 years plus total experience, with min 10 years at senior level in a reputable institution/ organization.

Proficient in the use of MS Office and financial management software (e.g. TALLY, SAP, etc).

Job Type: Full-time

Pay: From AED4,000.00 per month