Chief Financial Officer
Key Responsibilities:
FINANCE:
• Ensure that the financial needs of the company are met whether internally by auto financing policy or externally through bank and or other financial institutions
• Maintain the relationship with the banks and manage the funding process whenever required.
• Supervise the proper extraction of the financial reports and that the information presented are true and correct
• Discuss with the CEO the best suitable financial policies, plans and associated pricing strategy
• Ensure that the financial control function in his division is controlling and following up all the commitments as per the set parameters and polices
• Contribute in the management committee in the financial discussions when it involves investment, funding and expenses recognition
• Set the subsidiaries financial policies in regard to accruals, revenue recognition, deferred charges and provisions
• Ensure that the financial situation of the company is presented on monthly basis, and that the extracted results are analysed, necessary financial ratios are observed and put his financial recommendation to management
• Ensure that the financial statements provided to Top Management are good for decision making process
• Recommend strategies to improve performance
• Develop planning and controls systems and procedures in all financial areas. Ascertains their implementation in all subsidiaries
• Coordinate and lead the audit process, liaise with external auditors and the board of directors; assess any changes necessary.
ACCOUNTING:
• Establish and maintain an integrated accounting system and ensure that full utilization is being used from the introduced IT systems and that there are no sides systems carried out by the accounting personnel
• Approve accounting transactions
• Maintain appropriate relationship with the independent auditors, suppliers and customers and other third parties as may be needed
BUDGET:
• Supervise the budget preparation process
• Direct the preparation of the final budget and discus it with the CEO and other directors in the management meeting before it is approved
• Supervise the budgetary control process and ensure that the budget officer is practicing the required control and follow up on budget limits, and that he/she reports immediately on over limits and requests in excess
• Offer assistance to all users on the budget preparation process and guide them on how they can use their budgets efficiently
TREASURY:
• Effectively utilize the company's funds.
• Project anticipated cash receipts and disbursements and evaluate the resulting cash balance within a specified period.
• Manage cash adequately in order to minimize the cost of funding facilities or maximize the return on interest earning deposit accounts.
• Point out fluctuations in business activities which involve large investments in fixed assets, inventories and receivables.
• Indicate the time and extent of funds required to meet maturing obligations .e.g. Interest payment and loan repayment.
• Prepare funds flow statements
• Perform Ad-Hoc duties as assigned by management.
• A bachelor's degree in FINANCE and/or ACCOUNTING (an advance degree is a plus).
• Ability to manage multiple tasks in a changing and unestablished work environment.
• Proven track of overcoming challenging situation.
• Adapts well to change and works well with uncertainty.
• Not less than 12 years of experience in relevant industry
• Experience in managing people, at least 4 years
• Project management experience
Knowledge, Skills and Abilities:
• Able to think strategically
• Understand MBI's plans and strategies, plans and deliver within them
• Advance communication skills
• Influencing and negotiating skills
• Through understanding of the business & the market
Key Competencies:
• Integrity
• Commitment to the Organization
• Leadership
• Coaching & Developing
• Managing Accountability
• Teamwork & Cooperation
• Customer Focus
• Performance Excellence
• Taking the Initiative
• Analytical Thinking
• Decision making
• Work confidentiality
Mubarak & Brothers Investments (MBI) is a major investment company with interests in diverse industry verticals such as Real Estate, Retail, F&B, Education, and Engineering services. It was founded by H.E Saeed Abdul Jalil Al Fahim, Honorary Chairman of Al Fahim Group, which is the highly reputable Abu Dhabi based group of companies. As well as this he was also Vice President of Abu Dhabi Chamber of Commerce, and seeks to leverage the group's extensive industry-specific know-how to develop and augment other enterprises, that will contribute to the development of the emirate of Abu Dhabi and the UAE at large.
MBI was established in 2003 and it's a holding group specializing in Real Estate, Retail, Services, Design, Project Management and Financial Investments which are in line with the vision of Abu Dhabi (2030) and the UAE on an international scale.
MBI is a leading corporate citizen embedded organization, with the core principles of integrity, transparency, and prioritizing the interests of the community that it aims to serve.
We have built a reputation over the last few years as leaders in Real-Estate and Retail Industry in Abu Dhabi, and have achieved success in growing our business and cultivating additional businesses under the umbrella of MBI.
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