Finance Manager Deyaar Development PJSC

The Finance Manager is responsible for driving financial planning and analysis, ensuring robust internal controls over financial reporting, and managing treasury operations to support the company’s strategic and operational goals. The role aims to provide accurate financial insights for decision-making, maintain compliance with reporting standards, and optimize liquidity and funding while mitigating financial risks.

Qualifications:

• Implementation and maintenance of a robust ICOFR framework to ensure the accuracy, reliability, and compliance of the company’s financial reporting. This includes identifying and mitigating financial reporting risks, coordinating with internal and external auditors for control testing, ensuring adherence to regulatory standards (such as COSO and IFRS), and maintaining comprehensive documentation of processes and controls.

• Drive the preparation and development of annual budgets, financial forecasts, and long-term financial plans. Ensure that the budgets are aligned to the business objectives of the company. Assume responsibility for monitoring of budgets on continuous basis and reporting actual parameters against budgeted parameters to higher management.

• Support strategic initiatives by providing financial modeling, risk assessment, and feasibility analysis. Advise on financial implications of business activities, investments, and growth strategies. Identify opportunities for cost savings and operational efficiencies.

• Liaising with external property consultants to derive reports on valuation. Work with business operations, and other key stakeholders to generate requested reporting output.

• Analyze financial performance, variances, and trends, providing actionable insights and recommendations. Prepare and present financial reports to senior management, highlighting key financial metrics and business drivers.

• Ensure timely closing of books by providing Accounts department with project profitability, Impairment analysis, receivable discounting, valuation and other monthly accruals.

• Manage cash flow, working capital, and liquidity to ensure the company meets its financial obligations. Optimize the company's capital structure and manage relationships with financial institutions.

• Liaise with banks and financiers in fund raising activities by designing optimal/unique financing solutions and sharing required information. Continuous review of the systems, processes, policies & procedures in order to enhance or improve financial performance and company's profitablity.

• Identify financial risks and develop mitigation strategies. Implement and monitor internal controls to safeguard company assets and ensure data integrity.

• Perform additional tasks as assigned by the management. These tasks may not be explicitly stated in this job description but are essential to the overall success of the department and company.

• Responsible for managing and monitoring team's performance, setting clear targets and implementing professional development initiatives to ensure continuous growth and success within the team.