The Financial Manager will lead the Accounts receivable and payables team, oversee all financial operations and reporting of real estate division, including financial reporting, cash flow management, compliance with local regulations (including RERA and VAT). The role requires strong leadership, IFRS practical experience, and the ability to drive process improvements.

Key Responsibilities:

Financial Reporting & Analysis

• Accurately finalizing the books of accounts and preparation of the monthly, quarterly, and annual financial statements in compliance with IFRS.

• Ensure proper revenue recognition under IFRS 15 and asset accounting under IAS 16 / IAS 40.

• Oversee bank reconciliation, accruals, and intercompany transactions including allocation of the costs between various group companies.

• Prepare management reports, including profit & loss statements, project-wise costing, and consolidated financial statements.

• Deliver accurate and timely financial reports as per requirements to the management.

Treasury & Cash flow management

• Lead cash flow management which includes projecting monthly cash flows in coordination with the Sales team and the Construction team.

• Oversee cash flow planning to ensure liquidity for construction and operating expenses.

• Monitor actual vs. budget and provide variance analysis.

Compliance & Audit

• Ensure compliance with UAE VAT, Corporate tax and RERA regulations.

• Liaising with the auditors and managing internal and external audits; ensure closure of Audited Financial Statements within deadlines.

Leadership & Team Management

• Supervise accounting staff and ensure timely completion of deliverables.

• Provide guidance and training to team members on IFRS/IAS and reporting.

• Collaborate with other departments (Project, Sales, Procurement, Legal) for smooth financial operations.

Systems & Process Improvement

• Play active part in finance digitization, ERP upgrades & other internal CRM systems, as and when required.

• Identify and implement process automation or efficiency measures.

Additional Requirements:

• Strong analytical skills for the reporting and financial statements.

• Excellent leadership and interpersonal skills.

• Advanced Excel skills and experience with financial ERP systems.

• High level of integrity, accuracy, and attention to detail.