Assistant Finance Manager

Iwork Solutions

We are seeking an experienced Assistant Finance Manager to support the CFO and lead all finance operations across our UAE & Branch retail network.

This role oversees branch finance teams, ensures strong financial controls, manages cash flows and working capital, and leads the central inventory management function.

The Assistant Finance Manager plays a key role in driving store profitability, improving margin performance, and ensuring accurate and timely financial reporting for both branches and Head Office.

Key Responsibilities

Bookkeeping & Accounting

• Manage end-to-end bookkeeping activities ensuring accuracy and compliance.
• Maintain general ledger, journal entries, and reconciliations (bank, vendor, customer).
• Ensure timely recording of all financial transactions.

Branch Finance Leadership

• Lead and supervise all branch finance teams across GCC
• Ensure daily sales reconciliation, payments, cash handling, store expenses, and monthend closing are completed accurately and on time.
• Review branch P&Ls, analyse variances, and guide teams on corrective measures.
• Enforce finance SOPs and strengthen controls across cash, stock, and expenses.

Profitability & Performance Management

• Monitor and improve store profitability by reviewing gross margins, shrinkage, supplier funding, stock ageing, and operating expenses.
• Consolidate store-wise and category-wise performance for management review.
• Work closely with Operations and Commercial teams to support pricing, promotions, and margin improvement plans.

Balance Sheet & Cash Flow Oversight

• Manage key UAE & Branch balance sheet componentsinventory, payables, receivables, accruals, provisions, and intercompany balances.
• Ensure strong cash-flow discipline across branches, including daily deposits, credit card settlements, and fund movements.
• Improve working capital efficiency by optimising stock holding, payment cycles, and ageing levels.

Central Inventory Control

• Lead central inventory control and coordinate with branch inventory teams.
• Oversee GRN/PO matching, stock accuracy, variance investigation, stock ageing reviews, and shrinkage reporting.
• Ensure proper stock governance for stores and warehouses and drive reduction of aged/slow-moving inventory.

HO Financial Operations & Reporting

• Oversee HO finance functions including journals, reconciliations, payments, and month-end closing.
• Prepare consolidated monthly financial statements, dashboards, and performance reports for senior management.
• Support internal and external audits with complete documentation and schedules.
• Ensure compliance with internal controls, finance policies, and IFRS standards.