Assistant Manager - Finance

Prestige Motors FZE

Negotiable

Ras Al Khor Industrial 3, Ras Al Khor Industrial, Ras Al Khor, Dubai, UAE

Full Time

5-10 Years

Any

Bachelors Degree

Posted 11 hours ago

Job Details

Job Summary

The Assistant Manager – Finance will be responsible for managing day-to-day finance and accounting operations, ensuring compliance with accounting standards and statutory regulations, supporting financial planning and analysis, managing banking relationships, and providing accurate financial information to management for decision-making.

Key Responsibilities
Financial Accounting & Reporting
Prepare monthly, quarterly, and annual financial statements.
Ensure accurate recording of financial transactions in accordance with IFRS.
Perform month-end and year-end closing activities.
Review general ledger accounts and reconcile balances.
Prepare management reports and financial analysis.
Treasury & Banking
Manage daily cash flow and liquidity.
Coordinate with banks regarding trade finance facilities, term loans, LC, LG, TR, and working capital facilities.
Monitor loan repayments and banking covenants.
Prepare cash flow forecasts and fund utilization reports.
Budgeting & Financial Planning
Assist in preparing annual budgets and financial forecasts.
Monitor budget performance and analyze variances.
Support management in strategic financial planning.
Accounts Payable & Receivable
Supervise accounts payable and receivable functions.
Monitor customer collections and supplier payments.
Review ageing reports and ensure timely follow-up.
Improve working capital management.
Taxation & Compliance
Ensure compliance with UAE VAT and Corporate Tax regulations.
Prepare and review VAT returns and tax reconciliations.
Coordinate with external auditors and tax consultants.
Maintain compliance with statutory and regulatory requirements.
Internal Controls
Implement and monitor internal financial controls.
Ensure adherence to company policies and procedures.
Identify operational and financial risks and recommend improvements.
Cost Analysis
Analyze product costing and gross profit margins.
Monitor operating expenses.
Support management with profitability analysis and cost optimization initiatives.
Audit Coordination
Coordinate annual external audits.
Prepare audit schedules and supporting documents.
Resolve audit observations and implement recommendations.
ERP & Process Improvement
Ensure accurate accounting records within the ERP system.
Identify opportunities for process automation and efficiency improvements.
Support ERP implementation and system enhancements.
Team Management
Supervise finance executives and accountants.
Allocate work and review team performance.
Coach and mentor junior finance staff.
Qualifications
Bachelor's degree in Accounting, Finance, or Commerce.
Professional qualification such as ACCA, CA, CPA, CMA, or CFA (completed or pursuing) is preferred.
Experience
5–8 years of experience in finance and accounting.
Experience in trading, automotive, manufacturing, or distribution industries is preferred.
Experience in UAE VAT, Corporate Tax, banking facilities, and financial reporting.
Hands-on experience with ERP systems (SAP, Oracle, Microsoft Dynamics, Odoo, or similar).
Technical Skills
Financial Reporting (IFRS)
Budgeting & Forecasting
Treasury Management
Cash Flow Management
UAE VAT & Corporate Tax
Banking & Trade Finance
Financial Analysis
Cost Accounting
Advanced Microsoft Excel
ERP Systems
Soft Skills
Strong analytical and problem-solving skills.
Excellent communication and interpersonal skills.
High level of integrity and attention to detail.
Leadership and team management abilities.
Time management and ability to meet deadlines.
Ability to work under pressure in a fast-paced environment.

Languages

Any

Nationality

Any

Company Size

11-50

Benefits