Finance Manager

Job Title:

Finance Manager

Position Type:

Full Time

Reporting To:

Chief Financial Officer

Objectives:

• Guide train and mentor the MIS team to ensure adherence to correct accounting policies and procedures.
• Ensure timely and accurate financial reporting and compliance with regulatory requirements.
• Manage and optimize the financial health of the organization through strategic budgeting forecasting and financial analysis.
• Maintain strong relationships with stakeholders including landlords auditors and internal departments.

Duties:

Financial Reporting and Compliance:

• Ensure accurate and timely closing of all legal entities Profit & Loss statements.
• Submit balance sheet schedules and monthly cash flow reports within given deadlines.
• Maintain clean balance sheet schedules and ensure zero intercompany variances at monthend.
• Submit bank reconciliations for approval at monthend.
• Apply necessary internal controls in financial processes and systems.
• Finalize and ensure adherence to Standard Operating Procedures (SOPs) for the finance department.
• Assist with any additional reporting requirements from management.

Leasing:

• Maintain and review leasing agreements ensuring accurate accounting for all landlord accounts and liabilities.
• Collaborate with Stacey to settle landlord dues promptly.
• Submit reconciliations for Statements of Account (SOA) to landlords.
• Build and maintain strong relationships with landlords.

Audit:

• Lead and assist in yearend audit closing.
• Facilitate and support any adhoc audit requirements.
• Submit Financial Statements (FS) to the appropriate government bodies such as DMCC ESR and FTA.

Budgeting Forecasting and FP&A:

• Carry out the annual budgeting process and a threemonth rolling forecast.
• Perform analysis of P&L balance sheet and cash flow to support informed decisionmaking by management.
• Provide adhoc financial analysis based on management and operations requirements.

Cost and Inventory Management:

• Lead train and guide the cost team in collaboration with Dilantha to maximize output.
• Submit reports on Cost of Sales (COS) and inventory.
• Lead and submit sponsorship reports.
• Implement and oversee necessary SOPs to support operations.
• Conduct analysis of highcost areas and identify gaps in inventory processes to bridge loopholes.

Fixed Assets:

• Maintain an accurate fixed assets register ensuring timely recognition of additions deletions and depreciation entries.
• Conduct fixed asset counts and recognize variances.

Tax Compliance:

• Possess strong knowledge of VAT filing and corporate tax rules to ensure compliance in reporting and processes.
• Assist in the implementation of corporate tax policies and ensure adherence by all team members.

Qualifications and Experience:

• Strong hospitality background with ACCA or Chartered Accountant qualification.
• Experience managing multiple properties from a cluster background.
• Indepth knowledge of IFRS overall accounting principles and hospitality accounting.
• Proficient in F&B costing and inventory management.
• Familiarity with top ERP systems with experience in implementation being an added benefit.

Skills:

• Excellent team management skills and the ability to conduct training where necessary.
• Strong experience in budgeting and forecasting with exceptional analytical skills.
• Effective problemsolving skills with a technologydriven mindset.
• Ability to identify core issues and develop solutions that benefit management operations and finance.

Remote Work :

No