FINANCE MANAGER

Dubai, UAE

About the Company

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

About the Role

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

About the Individual

  • 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

Salary commensurate based on Candidates’ experience

Benefits

An excellent bonus scheme and other benefits

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Karan Seernani

Recruitment Associate

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