Financial Planning and Analysis Manager
Job Description
Financial Planning & Analysis Manager, based in Dubai who will be responsible for developing and implementation of robust processes aligned to both legislative and company requirements and ensuring that the financial planning and analysis function delivers a timely and accurate service. You will manage all accounting activities include budget process and P&L & B/S reviews to support the business by implementing and maintaining a partnership approach with the each site and function
Other responsibilities will include:
• Planning
• Responsible for the Financial and management reporting , capex , working capital budgeting, forecasts preparations
• Approval of balance sheet reconciliation
• Manage the capital request, budgeting and forecasting processes
• Support the Head of Finance with pricing negotiations
• Coaching accountants on process improvements in all aspects of the financial / budgeting and related accounting process.
Operations
• Engage and collaborative with senior management at distribution centers and corporate division leads on developing assumptions for budgets and forecasts
• Coaching accountants on process improvements in budgeting process
• Support the financial operations of all related business units within the company
• Manage the company’s transaction processing systems
• Implement operational best practices
Financial Information
• Ensure proper issuance and accuracy of all financial information internal and external on timely basis with variances analysis explanations
• Prepare and report financial results as required and in accordance with the established reporting calendar.
• Support Head of Finance to provide management and other departments with information for decision making in their respective scope of operations
• Prepare summary financial results for the customer as required and in accordance with the established reporting calendar, ensuring credibility and trust.
• Manage inventory landed cost and customers sales pricing process
• Review VAT transactions with respective Accounts Managers on a periodic basis to ensure compliance to FTA guidelines
• Review the aging and follow regularly on the overdue collection with the sales team.
• Monitor monthly spoilage and write off and ensure proper control mechanism in place to minimize the impact
• Coordination with Head Office on IFRS related matters and provide the required working and impact study
Funding
• Monitor cash balances and forecasts
• Manage internal cash transfer processes
• Managing activities related to Capital Authorization Requests
Accounts Payable & Receivable
• Ensure an efficient team of accounts payable/receivable is operating.
• Ensure receipts and payments are made within agreed terms
• Ensure internal control processes such as Purchase Orders are being followed
• Maintain direct debit facility for accounts receivable and strive to convert all customer outlets to the system
People Management
• Develops team towards accomplishing work objectives and overall department goals, includes holding direct reports accountable for their effective management of staff.
• Participate in recruitment activities as and when necessary – employee selection, career development, succession planning.
• Performance management of staff as required
• Active participation in annual Performance Review processes
• Responsible for ensuring the work related health, safety and well being of all direct reports and for contributing to the overall safety focus of the business.
