Finance Manager

Key Responsibilities:

• Financial Planning and Analysis - Support the School Director in defining and resolving complex financial and economic aspects specific to the DIFC environment. Conduct specific analysis on revenue, direct wages and commissions, ensuring appropriate revenue recognition processes. Prepare and monitor cash collection and cash forecast predictions. Suggest actions to management and to improve the profitability of the school. Provide analytical and in-depth accounting support to the Headquarter, aligning with DIFC regulations and standards.
• Financial Reporting and Compliance - Supervise and control the accounting activities of the external accountant, ensuring compliance with DIFC financial regulations. Control the accuracy and validity of the monthly and yearly financial results, correcting journal entries or integrating financial results with accruals, prepayments, deferrals, or other accounting entries as needed. Prepare monthly actual packages (IFRS) according to Headquarter processes and DIFC reporting documentation. Coordinate with the external chartered accountant for the preparation of statutory financial statements and tax compliance, identifying significant issues and areas for improvement. Prepare all necessary documents for Group and local audits within the DIFC framework. Ensure proper management and accuracy of account reconciliations, especially bank reconciliations. Manage cash handling, payments and travel cost control. Manage the payroll process (for the first sixt months).
• Budgeting and Forecasting - Be responsible for the monthly forecast, incorporating financial trends and data. Conduct variance analysis between actuals and forecast, translating this analysis into actionable steps.
  

Support the Headquarter and local team in the preparation of the yearly budget and monthly forecast.

• Team Leadership and Management - Maintain and improve relationships with other departments, particularly Sales and Academic, to ensure complete, correct, reliable and timely data from the company’s database for further analysis. Ensure employees follow company processes regarding expense reports.