Finance Manager

Job Title: Finance Manager

Location: Dubai, UAE

Employment Type: Full-Time

Key Responsibilities:

• Lead the annual budgeting and quarterly forecasting processes for each assigned high-rise property.
• Prepare detailed and accurate annual service charge (or maintenance fund) budgets, incorporating inputs from facility management, engineering, and concierge teams.
• Analyze financial performance against budgets and forecasts, providing clear explanations for variances
• Prepare timely and transparent monthly, quarterly, and annual financial statements for each property and for the portfolio as a whole.
• Manage the annual service charge reconciliation process, preparing statements for final billing or refunds to unit owners.
• Ensure strict compliance in UAE financial regulations, governing documents and accounting standards.
• Oversee the full accounts payable cycle, including validation and processing of invoices from contractors, suppliers, and service providers.
• Manage accounts receivable, including service charge collections, follow-up on arrears, and liaison with legal counsel for delinquent accounts.
• Monitor cash flow across the portfolio to ensure sufficient funds are available for operational and capital obligations.
• Supervise banking activities, reconciliations, and payment approvals.
• Implement robust cost-control measures to ensure expenditures are within budget and provide value for money.
• Analyze major contracts and tenders from a financial perspective, assisting in vendor selection.
• Liaise with external auditors during the annual audit process and ensure all audit recommendations are implemented.
• Conduct internal audits of financial processes and service charge records.
• Act as the primary financial point of contact for the Board of the Owners' Association, attending meetings and presenting financial reports.
• Explain complex financial information in a clear and understandable manner to non-financial stakeholders.
• Mentor and lead a team of accounting staff (if applicable).

Requirements:

• Master's degree in Finance, Accounting, or a related field.
• Professional accounting qualification (e.g., CPA, CMA, CA) is a MUST.
• Minimum of 15 years of accounting and finance experience, with at least 3-5 years in a managerial role inbuilding construction industry.
• Proven experience managing service charge accounts and finances for high-rise residential or commercial buildings.
• In-depth knowledge of financial software and ERP systems (e.g., ORACLE FUSION).

Job Type: Full-time

Application Question(s):

• What is your salary expectation?
• What is your notice period?

Experience:

• building contracting: 10 years (Required)