Financial Analyst

Job Description

<p>Job Description</p><br><br><p>The Financial Analyst is an individual contributor who is mainly participate in the building of proper controlling function and the full set of financial activities within the project.</p><br><br><p>Roles and Responsibilities<br>• Monthly closing process: Work with Statutory Accounting team to secure compliance of Financial Closings with IFRS and Management Reporting guidelines.<br>• Management Reporting: with emphasis on costing, project development, cash flows (inclusive of Escrow utilization).<br>• Monthly preparation of Project costs and Cash Flow: Activity / project / cost centre basis compared to LY, Budget, and Latest Estimate, accompanied by qualitative analysis and commentary – monthly.<br>• Controls: Provide the required checks and balances to accommodate segregation of duties with Statutory Accounting Team. (i.e. Agents Commission).<br>• Compliance: Secure compliance with focus on Project Costing development– continuous process.<br>• Project Proposal Analysis: Evaluate Project propositions from a financial POV. Scenarios / Risk/ Potentialities.<br>• Analysis: Deep Project’s WIP analysis. Work in developing clarity of variances against Budget and Latest Estimates. Development of meaningful qualitative commentary.<br>• Support business strategy development, profitability improvement efforts, support capital budgeting, planning efforts and best practice sharing.<br>• Budget: Development of Project based budgeting and cash flows.<br>• Latest Estimate: Development of Project based Latest Estimates.<br>• Other ad-hoc requirements.</p><br><br><p>Qualifications, Education, and Experience:</p><br><br><p>• Qualified Accountant (CMA, ACCA or equivalent) preferrable<br>• Intimate knowledge of Real Estate Development, Construction and Project Management within UAE, inclusive of:<br>• IAS 40, ‘Investment property’, IAS 16, ‘Property, plant and equipment’, and IAS 23, ‘Borrowing costs’, IAS 17, ‘Leases’, IAS 18, ‘Revenue<br>• Costing of Real Estate Development &amp; Project Management<br>• Deep understanding of Cash Flow report and Cash Management in Real Estate<br>• Governmental Documentation Requirements for Project Launch Real Estate transfer and Escrow accounting opening and Maintenance<br>• Escrow account operational specific<br>• Very good command in Microsoft office<br>• Ability to work independently<br>• Ability to operate in a Matrix, fast change environment<br>• Professional, strong work ethic, and positive attitude<br>• Ability to work under pressure, and meet the deadlines</p>