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Home UAE Financial Reporting Manager

Financial Reporting Manager

Full time at a Laimoon Verified Company in UAE
Posted on November 21, 2024

Job details

Roles and ResponsibilitiesResponsible for the timely execution of closing, consolidation and reconciliation of accounts and financial reporting at Group Level.Group ReportingManage the closing and consolidation of all ledgers and accounts on a monthly, quarterly and annual basisEnsure Group balance sheet and P&L schedules are reconciled on a timely mannerManage outstanding issues and concerns related to consolidation and financial reporting with Departments and subsidiariesProcess management reporting requirement, monthly/ Quarterly/ Yearly closures, audits and reviewsAssist in preparation and submission of other applicable internal and external reporting including monthly reporting to the shareholdersEnsure quarterly and annual financial statements follow the International Financial Reporting Standards (IFRS)Provide all support to internal and external auditors and promptly clarify all audit queries raisedCoordinate with external auditors to ensure a smooth external Audit verification in accordance with statutory requirements and applicable international accounting standardsHandle special analyses such as financial analysis and cash flowsAssist in acquisition and disposal accounting of subsidiaries/assets.Assist in other adhoc reporting requirements.Qualification And ExperienceBachelor's degree in accountingProfessional accounting qualification e.g., CPA, CIMA, CA, ACCARELATED YEAR OF EXPERIENCE:Min of 7+ years of experience of consolidation, reporting, financial accounting and management accounting experienceTechnical And Interpersonal SkillsKnowledge of and ability to apply international accounting standards/ IFRS and ERP systems (FCCS experience is preferred)Knowledge of and ability to adhere to internal controlsGood analytical skillsVigilant and detail orientedStrong communication skillsStrong time management capabilitiesField Of ExperienceExperience of accounting within real estate or related industry is preferredExperience in complex Group-wide accounting, consolidation and reporting, preferably in a public company or large GroupDesired Candidate ProfilePreparation of Financial Statements: Creating accurate and timely financial statements, including balance sheets, income statements, and cash flow statements.Compliance: Ensuring that financial reports comply with accounting standards (e.g., GAAP or IFRS) and regulatory requirements.Analysis: Conducting variance analysis to compare actual financial performance against budgeted figures and previous periods.Reporting to Stakeholders: Preparing reports for internal stakeholders (management, board of directors) and external parties (investors, regulatory bodies).Month-End Close: Managing the month-end close process to ensure all financial transactions are recorded accurately.Audit Support: Coordinating with internal and external auditors during financial audits, providing necessary documentation and explanations.Data Integrity: Ensuring the accuracy and integrity of financial data through regular reconciliations and reviews.Financial Policies: Developing and maintaining financial reporting policies and procedures.Skills:Accounting Knowledge: Strong understanding of accounting principles and financial reporting standards.Analytical Skills: Ability to analyze financial data and identify trends or discrepancies.Attention to Detail: High level of accuracy in preparing financial reports and statements.Communication Skills: Proficient in conveying financial information clearly to various stakeholders.Technical Proficiency: Familiarity with financial reporting software and tools (e.g., ERP systems, Excel).Budgeting Responsibilities:Budget Preparation: Leading the preparation of annual budgets, including revenue, expenses, and capital expenditures.Forecasting: Developing financial forecasts based on historical data, market trends, and organizational goals.Monitoring Performance: Tracking budget performance throughout the year and providing regular updates to management.Variance Analysis: Analyzing variances between budgeted and actual results, explaining discrepancies, and recommending corrective actions.Collaborative Planning: Working with various departments to gather input and ensure alignment in the budgeting process.Long-Term Planning: Supporting strategic planning efforts by providing long-term financial projections and insights.Resource Allocation: Assisting in determining optimal resource allocation based on budgetary constraints and organizational priorities.

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