Group Chief Financial Officer (Real Estate/Family Office)

Job description / Role

The Company

A leading Dubai based investment company is looking to recruit a Group Chief Financial Officer.

The Role

You will be responsible for the effective management of all financial tasks, including corporate accounting, treasury, compliance, financial reporting, tax and development of internal control policies and procedures. You will provide a Management Layer between the Family Office, Board and CEO's and the top management of the operating entities.

* Manages daily accounting operations including the review and monitoring of collections, customer accounts receivable ageing reports and timely issuance of payment reminders/notices in compliance with laws
* Ensures timely closure of books on monthly basis to deliver on time monthly, quarterly and annual accounts in compliance with group financial policies / procedures, IFRS, GAAP.
* Ensures all reconciliations, including with JV partners / external parties are prepared on time
* Recommending Investments of family funds into various asset classes.
* Providing Strategic Financial and Risk management.
* Providing oversight and leadership to various companies in UK, UAE and KSA as Group CFO.
* Board meetings, preparation of Board packs and presentations.
* Overseeing various Real Estate development projects.
* Representing the Chairman on various Boards
* Ensures timely issuance of accurate weekly and/or monthly flash / reports
* Develops and maintains working relationships with banks, escrow accounts and trustee banks and understands all requirements of escrow account regime to ensure timely settlement of payments
* Manages Group & entity level cash requirements and placement of excess funds in short term investments as per group investment guidelines
* Ensures entity and group level legal & tax compliance with corporate / tax laws, rules, RERA laws / procedures, including VAT legislation / practice / procedures and monthly / annual filings for foreign entities
* Develops and maintains working relations with RERA officials and ensures timely filing of approval requests and their follow up
* Prepares financial summaries, reports, analysis, cost-benefit analysis and/or ad-hoc financial reports as required by the Senior Management
* Coordinates with group external auditors for interim / annual audit plans and ensures timely delivery of consolidated and entity level financial reports
* Reviews and updates, in line with best practise, the Group's internal control environment including accounting policies, systems/ procedures and makes recommendations to continuously improve
* Participates in annual budgeting process, monthly forecasting estimates and in variance analysis.
* Determines reasons for variances and suggests a course of action to align business activities in order to achieve financial plan
* Gives direction and leadership towards the achievement of the Departments KPI's and annual objectives.
* Effectively recruits, manages, motivates, coaches and develops the team
* Supervises and reviews performance of individuals, including annual objective setting and evaluation.
* Evaluates finance department structure and organisation for continual improvement of the efficiency and effectiveness of the department
* Encourages professional growth, identifies individual training requirements and coordinates in-house training / workshops for the team to enhance their knowledge of Chart of Accounts / categories / IFRSs / GAAP
* Signs off all changes to workflows / system procedures

The Candidate

* Qualified Accountant - CIMA / CA / ACMA or other recognized Accounting qualification
* 10 years of post-qualification progressive managerial experience
* Experience of residential real estate development, ideally in Dubai
* Experience managing foreign entities financial / tax affairs, (UK / Europe) preferred
* Proven track record of developing and running a high performing team in a fast paced environment

Salary and Benefits

AED 60,000-80,000, plus company benefits

Robert Half is committed to equal opportunity and diversity. Suitable candidates with equivalent qualifications and more or less experience can apply. Pay and salary ranges are dependent upon experience, qualifications and training.

About the Company

Founded in 1948, Robert Half has a long history of connecting opportunities at great companies with highly skilled jobseekers. Bolstered by the strength of our brand, our people, our technology and our professional business model, we find meaningful and exciting employment for the people we place and provide clients access to the specialised talent they need to help grow their businesses.