Job Description

HiLITE Realty is a leading luxury development company in the UAE that is known for delivering high-end properties that embody a unique blend of elegance and sophistication., HiLITE has been at the forefront of shaping the future in the Real Estate Market for over two decades.

HiLITE Realty is a diversified conglomerate with over two decades of presence in the Real Estate Facade, these companies collectively own, develop and operate a diverse portfolio of businesses, ranging from residential projects and multiplex theaters to food and beverage brands, shopping malls, women's care hospitals and educational institutions. With a commitment to innovation, sustainability and excellence, HiLITE Realty continues to set new benchmarks in the real estate industry, driving growth and prosperity in the region.

Our team of professionals is committed to providing exceptional service to our clients, and we are currently seeking a highly motivated Finance Manager to join our team.

The ideal candidate must have the following Key Responsibilities:

We are looking for a Finance Director with minimum of 10 years' experience in Real Estate Developer who will be responsible for providing insightful financial analysis, forecasting, and budgeting support to help the organization make informed decisions and achieve its financial goals. This position involves working closely with various departments to understand their financial needs and alongside data and finance teams to provide data-driven recommendations. Identify and mitigate financial risks by implementing appropriate risk management strategies and controls.

Key Responsibilities:

Financial Strategy:

Develop and implement financial strategies aligned with the company's objectives to drive growth and profitability.

• Analyze financial statements, reports, operating metrics and data to identify trends, variances, opportunities and areas for improvement.
• Provide insights and recommendations based on financial analysis to support strategic decision-making.
• Identify cost-saving opportunities and efficiency improvements within the organization.
• Collaborate with department heads to optimize resource allocation.
• Provide relevant informational support for corporate finance and investor requests Evaluate financial risks and recommend strategies to mitigate them.
• Ensure compliance with relevant financial regulations and reporting requirements.

Compliance and Regulatory Adherence:

Ensure full compliance with Corporate Tax Laws as mandated by the Federal Tax Authority, RERA Laws, Anti-Money Laundering (AML) Laws, and maintain necessary books of accounts as per tax laws of the UAE.

Remain vigilant in reporting and maintaining high standards of integrity and transparency.

Ensure that all Single Page Applications (SPAs) are filed and updated in compliance with the latest rules and standards, thus ensuring smooth accounting and administrative workflows.

Accounting KRA:

Update and maintain real estate Sales and Purchase Agreements (SPAs) and rental contracts in alignment with current regulations.

Administer the post-dated cheque reconciliation process , maintaining rigorous financial discipline.

Demonstrate an in-depth understanding of VAT, corporate tax laws, and regulatory compliance , maintaining books in strict adherence to these standards.

Guarantee that all financial transactions and records comply with IFRS (International Financial Reporting Standards) and other relevant UAE regulations.

Reconcile rental and miscellaneous receipts efficiently, ensuring accurate cash handling and banking.

Ensure meticulous record-keeping for accounts payable and receivable , alongside monthly financial reconciliations.

Play a pivotal role in budget preparation and collaboration with the team for financial planning.

Develop, prepare, and analyse financial statements, reports, and budgets , delivering key financial insights to management for strategic decision-making.

Lead the quarterly VAT return filings, refunds, Reconciliation, ensuring compliance with Federal Tax Authority regulations.

Support both external and internal audit preparations, ensuring accurate trial balances, ledger maintenance, and comprehensive journal entries with systematic filing.

Direct and coordinate the daily activities of accounting operations , encompassing accounts payable and receivable, general ledger maintenance, payroll processing as per the WPS systems of UAE and ensuring timelines for smooth WPS systems and financial reporting.

Oversee cash flow management, including petty cash operations, ensuring optimal liquidity for operational efficiency.

Execute precise bank and financial account reconciliations , including credit card transactions.

Manage and monitor receivables, including instalment collections , and proactively identify delinquencies for timely follow-up or legal intervention.

Generate and present comprehensive financial reports as required.

Undertake additional duties and projects as directed by management to support the financial integrity and operational effectiveness of the organization.

Ensure Compliance with KYC Laws and UAE labor laws, Federal laws.

Identify cost-saving opportunities and efficiency improvements within the organization.

Budgeting and Forecasting:

Lead the annual budgeting process and periodic forecasting to ensure alignment with business goals and objectives.

• Develop and manage the annual budgeting process.
• Create financial forecasts and scenario analyses to assess the impact of different business decisions.
• Monitor budget vs. actual performance and make adjustments as necessary.

Financial Reporting:

Prepare and analyze financial reports, including income statements, balance sheets, and cash flow statements, to provide insights to senior management.

Generate regular financial reports and dashboards for management and stakeholders.

Provide financial insights and updates to senior management, highlighting key performance indicators and financial metrics.

Financial Controls: Establish and maintain financial controls and procedures to safeguard company assets and ensure compliance with regulatory requirements.

Cash Management:

Optimize cash flow management and forecasting to support operational needs and investment opportunities.

Business Partnering:

Co-ordinate and Work closely with various departments, such as sales, marketing, and operations, to understand their financial needs and provide support and recommendations.

Providing Exceptional Professional services to our Clients and External Vendors for all Financial matters and regulations.

Financial Modelling:

Build and maintain complex financial models to project future financial performance and evaluate investment opportunities.

Develop financial models and scenarios to support strategic decision-making and evaluate business performance.

Financial Operations:

Oversee day-to-day financial operations, including accounts payable, accounts receivable, payroll, and billing processes.

Qualifications:

Bachelor's degree in Finance, Accounting, or related field; MBA or CPA preferred. / Chartered Accountant.

At least 10 years relevant experience in financial planning and analysis roles, with increasing levels of responsibility for more senior positions.

Real estate Developer Experience in UAE is mandatory. A minimum of 5 years of relevant experience within the UAE real estate sector.

Excellent communication and presentation skills.

Strong analytical, quantitative, and problem-solving skills.

Strong command of accounting principles, financial regulations, and investment strategies.

Proficiency in Microsoft Office Suite, Tally, and other accounting software especially Excel and PowerPoint.

Fluent in English and proficiency in additional languages is advantageous.

Skills:

Proficiency in financial modeling and data analysis tools (e.g., Excel, financial software).

Knowledge of accounting principles and financial regulations.

Attention to detail and the ability to work independently and as part of a team.

Strong financial acumen with proven expertise in financial planning, analysis, and reporting.

Demonstrated experience in developing and implementing financial strategies to drive business growth and profitability.

Excellent analytical skills with the ability to interpret financial data and trends to support decision-making.

Proficiency in financial modeling and forecasting techniques.

Solid understanding of accounting principles, regulations, and compliance standards.

Exceptional leadership and interpersonal skills with the ability to effectively manage and develop a high-performing finance team.

Full-time position with a competitive salary of AED 20,000.00 - 25,000 per month.

Application deadline: 17th October 2024

•Interested candidates are invited to submit their CVs in word format to HR Manager. Join us to advance your career with a leading player in Dubai's real estate landscape, Candidates who can join immediately are preferable. •

Job Type: Full-time

Pay: AED20,000.00 - AED25,000.00 per month