Finance Manager at Century Industrial Fze

Job Overview 

A Finance Manager is responsible for overseeing the financial health of an organization. This includes preparing reports, analyzing trends, managing investments, ensuring compliance, supervising staff, and advising senior managers on strategies to maximize profits.

Key Responsibilities:  

Financial Planning and Analysis: 

• Develop and implement financial plans and strategies.
• Analyze financial data to identify trends and forecast future financial performance.
• Prepare financial reports, budgets, and forecasts.
• Conduct variance analysis to identify deviations from the budget and explain the reasons behind them.

Investment Management:  

• Direct and oversee investment activities to maximize returns.
• Monitor investments and make recommendations for adjustments.
• Evaluate potential investment opportunities.

Financial Reporting and Compliance:  

• Ensure compliance with accounting standards and regulations.
• Prepare accurate and timely financial reports for both internal and external stakeholders.
• Liaise with auditors and other regulatory bodies.

Cost Management and Control:

• Monitor and control costs to ensure efficient operations.
• Identify cost-saving opportunities and implement cost-reduction measures.
• Analyze costs and sales results.

Supervision and Leadership:

• Supervise and manage the finance department staff.
• Provide guidance and support to team members.
• Develop and implement training programs for finance staff.

Strategic Financial Advice:

• Offer financial advice and recommendations to senior management regarding strategic decisions.
• Assist in the development of long-term financial goals.
• Identify opportunities for growth and profitability.

Other Responsibilities:

• Manage cash flow and working capital.
• Oversee the company’s financial policies and procedures.
• Liaise with external stakeholders, such as banks and auditors.
• Stay up-to-date with changes in accounting standards and regulations.
• Perform ad-hoc assignments as needed.

Key Skills Requirements:

• Strong business acumen
• High level of numeracy
• Excellent attention to detail
• Effective communication skills
• Leadership abilities
• Strong organizational skills
• Willingness to collaborate and respect the opinions of others

Qualifications:

• Bachelor’s, Master’s, or MBA in Accounting, Finance, Economics, or a related discipline
• Membership in a professional accounting body such as ICAN, ACCA, or ANAN is required

Remuneration:

• Salary is highly competitive