Finance Business Partner

Roles and responsibilities

The job holder will be responsible for business partnering activities and collaboration with shared services for Accounts Receivable (AR) and other services functions. The job holder will also be responsible for maintaining functional procedures, internal controls, and reporting in conformity with company procedures, group policies, IFRS and laws, regulations and statutes while directing specific areas within the overall department operation.

Key Responsibilities:

Business Partnering:

• Liaise with business partners within and outside DHRE to conclude contracts and transactions.
• Monitor the SLA with shared services and collaborate with shared services on day-to-day activities.
• Monitor the execution of SLA with third parties, in collaboration with shared services.
• Work closely with stakeholders across functions in a fast-paced environment, able to provide solution to issues.
• Work on projects / initiatives as assigned including any corporate level projects.

Accounts Receivable Operations:

• Monitor update of inflows on Transaction Accounting System by unit.
• Manage launch related activities.
• Overlook cashiering activities, including over the counter activities, post-dated cheques management, cash management.
• Review of post-handover payment plan (PHPP) buy out proposals.
• Perform monthly review of staff commission for land sales.
• Seek approval for write-offs as per DH policy.
• Monitor and analyze customer accounts receivable to identify and address overdue payments promptly, facilitating effective debt collection and cash flow management.

Reporting and Audits:

• Review monthly complex revenue recognition workings based on IFRS.
• Support shared services in monthly closing activities.
• Review of monthly reports for management and statutory reporting.
• Review of reconciliation of revenue and costs of sales on a project to date basis.
• Review Accounts Receivable schedules, received from shared services.
• Facilitate shared services in ensuring compliance with regulatory requirements by coordinating and successfully completing escrow audits mandated by RERA for all build-to-suit (BTS) projects.
• Comply with Anti-Money Laundering (AML) regulations by timely completing and submitting required reports to the Treasury.
• For activities not managed by shared services, act as a focal point for statutory audits requests from Reporting team / Internal Audit etc. to facilitate effective communication and coordination between the finance department and auditors, ensuring timely and accurate provision of requested information for audit purposes.

Processes and Policies Review:

• For activities not managed by shared services, review and update processes and policies including Segregation of Duty Matrices for Accounts Receivable (AR) function.
• Overlook and conclude on the implementation of Unifier (Oracle tool).
• Actively seek automation of controls across DHRE through efficient use of financial systems and innovative technology to enhance and continuously improve the design and monitoring of controls.

Desired candidate profile

• Financial Management: Expertise in financial planning, analysis, budgeting, and forecasting to ensure financial health and sustainability.

• Leadership: Strong leadership skills to manage and mentor finance teams, fostering a culture of collaboration and accountability.

• Strategic Planning: Ability to contribute to long-term financial strategies aligned with organizational goals and growth initiatives.

• Analytical Skills: Proficiency in analyzing complex financial data and metrics to identify trends, variances, and opportunities for improvement.

• Regulatory Compliance: Knowledge of financial regulations and compliance requirements to ensure adherence and mitigate risks.

• Reporting: Skills in preparing and presenting financial reports to senior management and stakeholders, providing insights and recommendations.

• Cost Control: Ability to implement cost management strategies and monitor financial performance against budgets.

• Risk Management: Understanding of financial risk assessment and mitigation strategies to safeguard the organization’s assets.

• Project Management: Experience in managing financial projects and initiatives, ensuring timely delivery and alignment with strategic goals.

• Communication: Excellent verbal and written communication skills to convey complex financial concepts to non-financial stakeholders.

• Technology Proficiency: Familiarity with financial software and tools, including ERP systems and data analytics platforms.

• Collaboration: Strong interpersonal skills to work effectively with cross-functional teams and influence decision-making processes.