FINANCE MANAGER

A leading Insurance Broker is looking for a qualified and seasoned Senior Finance Professional to head up their team in Dubai.

GENERAL OVERVIEW

• To provide high quality action-orientated performance information to senior executives
• To provide strategic input into the development of the business
• To lead the annual plan and forecasting process
• To identify potential revenue enhancement and cost saving opportunities
• To manage the annual external audit process along with any internal audit reviews
• To provide advice to the Directors on financial aspects of UAE Company Law and impact of new accounting standards
• To oversee the Company’s UAE branches and their day to day financial affairs
• To supervise, mentor and train the finance team to the Company’s group high standards
• To provide financial leadership across the Business in respect of general transaction processing and credit control.
• To liaise with IT and Corporate system providers and continuous development of finance systems to meet the accounting and reporting (UK GAAP/IFRS/Insurance Authority) requirements of the business.
• To safeguard the assets of the UAE Business
• To liaise with the UAE CEO, UAE CFO, and London office, and provide them with financial information and ad-hoc reports as and when requested
• To ensure finance complies with UAE Insurance Authority Regulations, Health Authorities of Dubai and Abu Dhabi, Legal and VAT environments

CORE COMPETENCE INDICATORS

• Manages the production of timely action-orientated management information including written reports for local Board and Group executives
• Manage production of the International Limited reporting packs including branch and consolidated reports.
• Design and improves finance procedures across all areas of the Business
• Ensure that the Company complies with regulatory financial reporting standards
• Liaise with internal and external auditors to manage both the internal and external audits to resolve audit issues that may arise from time to time, both before and after audits.
• Maintain finance process controls to reduce the risk of money laundering/financial crime
• Maintains business relationship with Operational heads to ensure efficiencies and effective controls.
• Maintain organisation and resources that are adequate to support business performance
• Ensure that staff competence standards match their job profiles and are appropriately supervised. Competence is regularly assessed through appraisal. Training and development are supported.
• Keeps abreast of latest accounting standards and regulatory changes.
• Manage the production of timely and relevant management information for senior executives
• Perform any other adhoc tasks as may be required primarily by the CEO and then Regional CFO from time to time.

DIRECT REPORTS

• Senior Financial Accountant
• Credit Controller
• Junior Accountant

COMMUNICATION AND WORKING RELATIONSHIPS

• Internal: CEO, Board members, London Finance, Group Internal audit
• External: Banks, External auditors, Insurance Authority

• Qualified Accountant (ideally ACCA or CA)
• Ideally good knowledge of insurance broking processes and accounting
• An appreciation of accounting standards
• Experience in the management of his/her team
• Self starter
• Well organised
• Up to date knowledge of IFRS
• Ability to motivate and lead immediate team
• Good IT skills and ability to implement financial systems
• Well developed verbal and written communication skills
• Ability to provide strategic input into the development of the business
• Strong ability to analyse and interpret management/ financial information.
• Diligent and committed
• Acts with integrity and ethically
• Confident and articulate
• UAE insurance and VAT regulations
• Some general knowledge on GAAP standards as it differentiates itself from IFRS

Salary commensurate based on Candidates’ experience

An excellent bonus scheme and other benefits