Finance Manager - Dubai - Istituto Marangoni
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Job Description
The purpose of the job is to manage all the finance activities related to Istituto Marangoni Middle East Ltd based in the Dubai International Financial Centre (DIFC) district reporting directly to the School Director and functionally to the Group Head of Finance.
The Finance Manager should guarantee the compliance with the UAE financial regulations and with Istituto Marangoni dedicated policies and financial and reporting guidelines.
He / she will in charge of managing the department and ensure the School and Group financial results.
Key Responsibilities:
1. Financial Planning and Analysis Support the School Director in defining and resolving complex financial and economic aspects specific to the DIFC environment. Conduct specific analysis on revenue direct wages and commissions ensuring appropriate revenue recognition processes. Prepare and monitor cash collection and cash forecast predictions. Suggest actions to management and to improve the profitability of the school. Provide analytical and indepth accounting support to the Headquarter aligning with DIFC regulations and standards.
2. Financial Reporting and Compliance Supervise and control the accounting activities of the external accountant ensuring compliance with DIFC financial regulations. Control the accuracy and validity of the monthly and yearly financial results correcting journal entries or integrating financial results with accruals prepayments deferrals or other accounting entries as needed. Prepare monthly actual packages (IFRS) according to Headquarter processes and DIFC reporting documentation. Coordinate with the external chartered accountant for the preparation of statutory financial statements and tax compliance identifying significant issues and areas for improvement. Prepare all necessary documents for Group and local audits within the DIFC framework. Ensure proper management and accuracy of account reconciliations especially bank reconciliations. Manage cash handling payments and travel cost control. Manage the payroll process (for the first sixt months).
3. Budgeting and Forecasting Be responsible for the monthly forecast incorporating financial trends and data. Conduct variance analysis between actuals and forecast translating this analysis into actionable steps.
Support the Headquarter and local team in the preparation of the yearly budget and monthly forecast.
4. Team Leadership and Management Maintain and improve relationships with other departments particularly Sales and Academic to ensure complete correct reliable and timely data from the companys database for further analysis. Ensure employees follow company processes regarding expense reports.
Support the School Director on administrative project management as required. Keep and improve proficient relationships with the bank to optimize international transfers and financial transactions in the DIFC.
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Employment Type
Full Time
