Finance Manager

AFAQ Group of Companies is seeking a highly experienced, analytical, and results-driven Finance Manager to oversee the financial operations of our diversified group of companies operating across multiple industries, including Event Management, Real Estate, IT & Advertising, Hospitality, General Trading, Automotive Trading, and other business sectors.

The ideal candidate must possess strong expertise in financial planning, budgeting, cash flow management, corporate finance, taxation, investment tracking, banking operations, and UAE financial regulations.

The Finance Manager will be responsible for maintaining financial stability, ensuring regulatory compliance, improving profitability, controlling expenses, and providing strategic financial guidance directly to the Managing Director.

Key Responsibilities1. Financial Management & Strategic Planning

• Oversee the complete financial operations of all companies within the group.
• Develop financial strategies aligned with the group's business objectives and expansion plans.
• Prepare annual budgets, monthly financial forecasts, and financial performance reports.
• Monitor financial performance, profitability, and operational expenses across business divisions.
• Analyze financial risks and recommend appropriate corrective actions.
• Provide financial insights and recommendations to the Managing Director for strategic decision-making.
• Establish effective financial policies, procedures, and internal controls.

2. Cash Flow & Fund Management

• Monitor daily cash flow, bank balances, receivables, and payables across group companies.
• Prepare daily, weekly, and monthly cash flow statements.
• Forecast upcoming financial commitments and funding requirements.
• Ensure sufficient liquidity for salaries, operational expenses, vendor payments, and other obligations.
• Monitor intercompany financial transactions and fund transfers.
• Develop strategies to improve working capital management.
• Identify potential cash flow shortages and report them proactively to management.

3. Accounting & Financial Reporting

• Supervise accounting teams and ensure accurate maintenance of financial records.
• Prepare and review monthly profit and loss statements, balance sheets, and cash flow statements.
• Ensure timely month-end and year-end financial closing.
• Monitor accounts payable, accounts receivable, and general ledger transactions.
• Prepare consolidated financial reports for group companies.
• Ensure proper reconciliation of bank accounts and intercompany balances.
• Maintain complete and accurate financial documentation for audits and management review.

4. Investment & ROI Management

• Maintain detailed records of company investments, investor capital, profit-sharing arrangements, and contractual payment obligations.
• Monitor investment agreements, repayment schedules, and ROI commitments.
• Prepare monthly investment liability and payment obligation reports.
• Track upcoming investor payments, maturity dates, and principal repayments.
• Ensure proper documentation and reconciliation of investor-related transactions.
• Prepare investment cash flow forecasts and financial exposure reports.
• Coordinate with management regarding investment-related financial commitments.

5. Banking & Financial Compliance

• Manage relationships with UAE banks and financial institutions.
• Handle banking documentation, account-related requirements, and transaction clarifications.
• Coordinate bank compliance requirements, including KYC, AML, and source-of-funds documentation.
• Monitor bank transfers, cheque payments, post-dated cheques, and payment commitments.
• Ensure accurate and timely bank reconciliations.
• Support financing arrangements and banking facilities where required.
• Maintain appropriate financial records for regulatory and banking reviews.

6. UAE VAT, Corporate Tax & Regulatory Compliance

• Ensure compliance with applicable UAE VAT and Corporate Tax regulations.
• Supervise VAT calculations, reconciliations, and timely return submissions.
• Coordinate Corporate Tax registration, calculations, and filing requirements.
• Maintain proper tax records and supporting documentation.
• Liaise with external auditors, tax consultants, and regulatory authorities.
• Monitor changes in UAE financial and taxation regulations.
• Ensure compliance with applicable accounting standards and statutory reporting requirements.

7. Budgeting, Cost Control & Profitability

• Prepare department-wise and company-wise budgets.
• Monitor actual expenses against approved budgets.
• Identify unnecessary expenses and recommend cost-saving measures.
• Evaluate the profitability of projects, contracts, and business operations.
• Monitor marketing expenses, employee costs, project expenses, and overheads.
• Prepare financial feasibility assessments for new business ventures.
• Support management in achieving monthly and annual profitability targets.

8. Project & Business Financial Monitoring

• Review financial performance across Event Management, Real Estate, IT & Advertising, Hospitality, Automotive, and General Trading businesses.
• Monitor project budgets, client payments, vendor settlements, and profit margins.
• Evaluate project-wise revenue, expenses, and net profitability.
• Coordinate with department managers to maintain financial discipline.
• Review financial performance of ongoing projects and new business investments.
• Prepare financial projections for business expansion opportunities.

9. Team Leadership & Internal Controls

• Lead, supervise, and guide accountants and finance department employees.
• Allocate responsibilities and monitor team performance.
• Establish approval procedures for payments, purchases, and financial commitments.
• Ensure segregation of financial duties and proper authorization processes.
• Conduct regular internal financial reviews.
• Improve accounting systems, reporting accuracy, and operational efficiency.
• Ensure confidentiality and security of sensitive financial information.

10. Management Reporting

The Finance Manager will report directly to the Managing Director and submit:

Daily Reports

• Bank balances and cash position
• Daily cash inflows and outflows
• Pending payments and collections
• Urgent financial commitments

Weekly Reports

• Cash flow forecast
• Accounts receivable and payable summary
• Upcoming investment and repayment obligations
• Department-wise expenses
• Financial risks and pending banking matters

Monthly Reports

• Consolidated profit and loss statement
• Company-wise financial performance
• Budget versus actual expenditure
• Investment and ROI payment tracker
• Cash flow statement
• Outstanding liabilities and receivables
• Profitability analysis and financial recommendations

Required Qualifications

• Bachelor's degree in Finance, Accounting, Commerce, or a related field.
• CA, ACCA, CMA, CPA, or MBA in Finance preferred.
• Minimum 5–8 years of relevant finance and accounting experience.
• Minimum 3 years of experience working in the UAE.
• Previous experience managing finances for multiple companies or a diversified business group is strongly preferred.
• Strong knowledge of UAE VAT, Corporate Tax, accounting standards, and financial compliance.
• Experience in financial planning, budgeting, forecasting, and cash flow management.
• Proficiency in advanced Microsoft Excel and accounting software such as Tally, Zoho Books, QuickBooks, or ERP systems.
• Strong understanding of banking operations, financial controls, and investment management.
• Excellent communication, analytical, organizational, and leadership skills.

Preferred Candidate Profile

• Experience working as a Finance Manager, Group Finance Manager, or Senior Finance Controller.
• Ability to independently manage financial operations across multiple companies.
• Strong experience dealing with UAE banks, auditors, and tax consultants.
• Excellent financial analysis and problem-solving capabilities.
• Ability to work under pressure and manage multiple financial deadlines.
• High level of integrity, accountability, confidentiality, and professionalism.
• Ability to provide accurate financial recommendations to senior management.
• Candidates available to join immediately or within a short notice period will be preferred.

Work Location: In person