Finance Manager

Major duties and Key Responsibilities

1. Financial Planning and Analysis:

• Develop, implement, and monitor the organization's annual budget in collaboration with relevant stakeholders.

• Develop and maintain financial models to support long-term planning, scenario analysis, and forecasting.

• Analyze financial trends and provide recommendations for strategic decision-making.

• Develop multi-year financial projections liaising with Unit Directors and COO.

• Provide financial analysis and insights, weekly finance updates and projections to support strategic decision-making.

• Track and report on budget variances, identifying areas for improvement or cost-saving opportunities.

2. Financial Accounting and Reporting:

• Prepare accurate and timely monthly reporting packs for projects and other business units and discuss variances and forecasts with respective unit directors and project managers.

• Ensure compliance with relevant IFRS, UAE VAT and corporate tax laws.

• Produce financial reports for external stakeholders, including donors, partners, and regulatory bodies such as MOCD.

• Supervise monthly closing exercises, payments to vendors and consultants and follow up of overdue receivables.

• Prepare and review monthly, quarterly, and annual financial reports, including balance sheets, income statements, and cash flow statements.

• Supervise and recommend updates in internal control processes and SOPs.

• Prepare monthly payroll and manage Staff leave, End of service and other benefits provisions.

• Manage full-time staff and consultants planning and staff cost allocations to ensure staff costs are aligned with unit and project budgets.

3. Grants and Income Management:

• Oversee the financial aspects of grants, subscription income, sponsorships including budgeting, reporting, and compliance against signed agreement and UAE laws.

• Collaborate with project managers to ensure accurate tracking of funds and alignment with grant/sponsorship requirements.

• Prepare financial reports for sponsors and grantors, showcasing the impact of funds allocated.

4. Cash Flow Management:

• Manage cash flow to ensure the organization's operational needs are met.

• Monitor project cash flow requirements, identifying potential issues and proposing solutions.

• Maintain relationships with financial institutions and manage banking activities.

• Analyzes revenue, expenses, cash flows, and balance sheets.

• Assists management in making financial decisions.

5. Audit and Compliance:

• Coordinate and liaise with external auditors, and auditors from regulatory bodies during the annual and periodic audit process.

• Ensure compliance with IFRS, WWF international guidelines, UAE fundraising laws and reporting requirements.

• Implement and maintain internal controls to safeguard the organization's financial assets.

• Monitors financial details to ensure legal compliance.