Finance Manager

Job Overview

The Finance Manager is responsible for managing and overseeing the financial operations of Property Shop Investment (PSI) in Abu Dhabi. This role includes financial planning, budgeting, forecasting, reporting, cash flow management, accounting supervision, and ensuring compliance with applicable financial regulations. The Finance Manager will work closely with the Financial Advisor and senior management to provide accurate financial information, control costs, improve profitability, and support business decisions.

The successful candidate will lead the finance and accounting team, maintain effective financial controls, and ensure that all financial activities are handled accurately and efficiently. The role requires strong leadership, financial expertise, and a good understanding of the UAE real estate industry, including property-related financial transactions, taxation, regulatory requirements, and financial reporting standards.

Key Responsibilities:

Financial Planning, Budgeting and Analysis

• Develop and manage annual budgets, financial forecasts, and financial plans in coordination with department heads.
• Monitor actual financial performance against approved budgets and investigate significant variances.
• Analyze company revenue, operating expenses, profitability, and overall financial performance.
• Prepare financial projections, cost-benefit analyses, and financial assessments to support business planning and management decisions.

Financial Reporting and Accounting Management

• Oversee monthly and annual financial closing activities and ensure the accuracy of accounting records.
• Prepare and review financial statements, management reports, cash flow statements, and financial performance reports.
• Provide financial reports and recommendations to the Financial Advisor, senior management, and relevant committees.
• Supervise general ledger activities, accounts payable, accounts receivable, financial reconciliations, and fixed asset accounting.
• Maintain proper financial records, approval procedures, and internal accounting controls.

Cash Flow, Banking and Financial Control

• Manage the company's cash flow, liquidity, working capital, and financial commitments.
• Monitor outstanding receivables, collections, payment schedules, and supplier obligations.
• Maintain relationships with banking partners and support financing arrangements and treasury activities where applicable.
• Identify potential financial risks and recommend measures to protect the company's financial position.

Taxation, Audit and Regulatory Compliance

• Ensure financial reporting complies with International Financial Reporting Standards (IFRS) and applicable UAE regulations.
• Oversee UAE VAT and Corporate Tax accounting, compliance requirements, and supporting documentation.
• Coordinate internal and external audits and ensure timely resolution of audit findings.
• Maintain appropriate financial controls for real estate transactions, including escrow arrangements where applicable.
• Ensure all financial documents, records, and reports are accurate, properly maintained, and available for audit and regulatory review.

Real Estate Financial Management

• Work closely with Sales Managers, department heads, and management to monitor revenue, expenses, commissions, and business profitability.
• Review financial transactions relating to property sales, brokerage commissions, incentives, and other real estate activities.
• Monitor real estate-related receivables and financial commitments.
• Evaluate the financial impact of investment opportunities, business proposals, and operational decisions.

Team Leadership and Process Improvement

• Lead, supervise, and develop the finance and accounting team.
• Assign responsibilities, monitor individual performance, and ensure financial reporting deadlines are achieved.
• Improve accounting procedures, financial reporting systems, and internal controls.
• Ensure effective use of accounting software and ERP systems.
• Maintain compliance with company policies and perform other related duties assigned by management.

Qualifications and Experience:

Educational and Professional Qualifications

• Bachelor's degree in Accounting, Finance, Economics, or a related field.
• Fully qualified ACCA, CPA, or CMA required. Equivalent completed professional qualifications such as CA or CIMA may also be considered.
• CFA, MBA, Master's in Finance, or additional qualifications in UAE taxation, auditing, or real estate finance will be an advantage.

Professional Experience

• Minimum of 7 to 10 years of progressive experience in finance or accounting.
• At least 3 years of experience in a finance managerial or supervisory position.
• Proven experience in financial planning, budgeting, forecasting, financial reporting, cash flow management, and financial controls.
• Strong practical knowledge of IFRS, UAE VAT, and UAE Corporate Tax.
• Previous experience in the UAE real estate, property brokerage, or investment industry is highly preferred.
• Knowledge of property revenue recognition, brokerage commissions, off-plan sales, escrow arrangements, and applicable Abu Dhabi real estate regulations is an advantage.
• Experience using ERP systems such as SAP, Oracle, Microsoft Dynamics, or equivalent financial software.

Required Skills and Competencies

• Strong financial management, analysis, and accounting knowledge.
• Excellent budgeting, forecasting, and financial reporting skills.
• Strong understanding of financial regulations, taxation, and compliance requirements.
• Advanced Microsoft Excel skills and proficiency in accounting software.
• Strong leadership, people management, and decision-making abilities.
• Excellent communication, presentation, and interpersonal skills.
• Ability to explain financial information clearly to senior management and non-finance departments.
• Strong analytical thinking, problem-solving skills, and attention to detail.
• High level of confidentiality, professional integrity, and accountability.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.

Key Performance Indicators (KPIs)

• Financial Reporting Accuracy: Timely and accurate preparation of financial statements and management reports.
• Budget Management: Effective monitoring and control of budget variances.
• Cash Flow Management: Maintaining sufficient liquidity and accurate cash flow forecasts.
• Cost Control: Identifying and implementing cost-saving opportunities.
• Regulatory Compliance: Meeting applicable financial reporting, UAE VAT, Corporate Tax, and audit requirements.
• Receivables Management: Monitoring collections and reducing overdue receivables.
• Audit Performance: Maintaining effective financial controls and resolving audit findings.
• Financial Performance: Supporting profitability and alignment with company financial objectives.
• Team Performance: Ensuring the finance team consistently meets reporting deadlines and performance expectations.

Work Location: In person