Head of Finance

Job Description : Head of Finance – Currency Exchange Group Location: Abu Dhabi, UAE Salary : AED 30,000 - AED 35,000 + Benefits Prior experience in: Exchange House, Banking or Financial Services is MUST SKILLS SETS : 1.Qualified CA, ACCA, CPA, CMA etc 2.Min 10-15yrs of experience in a Senior Finance role specially with Exchange House, Banking or Financial Services Industry is a must 3.Strong knowledge in IFRS Standards, UAE Corporate Tax and VAT, UAE Central Bank Regulations for exchange houses etc 4.Strong leadership and stakeholder management skill essential. Key Responsibilities : 1. Develop & Execute comprehensive financial strategies and plans to optimize the company's fiscal performance 2.Lead the budgeting, processes, financial forecasting and analysis to ensure alignment with organizational goals 3.Create, update and implement financial policies and procedures to enhance efficiency, transparency and compliance 4.Develop and implement strategies for effective cash flow management to meet operational needs and financial obligations 5. Optimize working capital by managing receivables, payables and inventory to enhance liquidity and minimize financial risk. 6. Forecast & analyze cash flows trends, recommending adjustments to maintain healthy cash position 7. Process improvement in day-to-day Finance Department operational activities to bring efficiency 8. Maintain comprehensive and accurate books of accounts and supporting records that reflect the correct liquidity and financial position of the Company at all times 9. Ensure that Company’s VAT Accounting & Corporate TAX complies with FTA Regulations 10.Attend management meetings with the Branch Managers and Operations Team and provide heads up on financial perspective 11.Ensure that Central Bank requirements are met with respect to Finance function 12. Liaise and correspond with local and international banks for issues related to operations and finance 13. Ensure proper and accurate monthly & annual closing of financial results of the Company 14.Ensure the availability of Funds in all the branches 15.Ensure that budget is prepared and submitted to the COO well in time to warrant proper review of the same. Review Budgets periodically Identify, assess and mitigate financial risks including credit, market and operational risk. 16. Implement financial controls and risk management strategies to safeguard the institution’s assets. 17. Maintain a sound understanding of market conditions and provide insights to manage exposure to risk. 18. Present Financial Analysis & Reporting to Senior Management, Board Members & Stakeholders 19.Timely submission of Daily, Weekly, Monthly financial reports including Dash Board to Management 20. Timely submission of all regulatory reports - CBUAE monthly, quarterly & FTA Quarterly and CT Annual Reporting

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