Assistant Finance Manager

Role Overview

Assistant Finance Manager at Al Shirawi Group, positioned for a CA or semi-qualified CA with contracting and construction industry experience.

Role Purpose

To manage full financial responsibility for one or more legal entities, including month-end closing, financial reporting, project cost control, revenue recognition, day-to-day finance operations, and compliance.

Key Responsibilities

Month-End Closing & Financial Operations

• Execute month-end closing including general ledger reconciliation, accruals, reconciliations, and trial balance finalization.
• Prepare Management Information System (MIS) and financial reporting with P&L finalization, project cost and profitability reports, and variance analysis.
• Review and reconcile financial statements and accounts, identifying and resolving discrepancies.
• Maintain meticulous records, ensuring compliance with financial regulations and internal policies.

Project Cost Control & Revenue Recognition

• Lead project-wise cost control through regular revision of cost to complete, review of work in progress (WIP), provisions, and variations.
• Finalize revenue recognition as per IFRS standards with knowledge of standard industry process (IPA - to invoice).
• Analyze financial data, identify trends, and provide actionable insights to support business decisions.

Day-to-Day Finance Operations

• Lead day-to-day operations including accounts payable function, subcontractor invoice vetting, and procurement coordination.
• Monitor cash flow, provide accurate projections, and ensure optimal liquidity management.
• Support the operations team with financial insights and guidance, ensuring efficient and effective business transactions.

Financial Analysis & Reporting

• Assist in preparing financial reports, budgets, and forecasts, ensuring accuracy and timely delivery.
• Provide strong financial analysis capabilities with the ability to interpret complex financial data.

Systems & Process Improvement

• Demonstrate knowledge of ERP systems, Oracle Financials, chart of accounts, and process improvements.
• Apply proficiency in financial software, particularly Oracle, with willingness to learn new systems.

Compliance & Audit Support

• Support compliance requirements including VAT and IFRS.
• Assist in the preparation of audit materials, ensuring a smooth external audit process and providing support as needed.

Strategic Support

• Support the Finance Manager in developing and implementing financial strategies, including cost-cutting measures and revenue enhancement initiatives.
• Collaborate with various departments to gather financial information, ensuring a holistic understanding of the company's financial position.

Qualifications & Experience

• Bachelor's degree in Finance, Accounting, or a related field.
• CA (Chartered Accountant) qualification preferred.
• ICWA or MBA preferred.
• Minimum of 3 years of experience in a finance or accounting role.
• 6–10 years experience preferred.
• Industry experience in contracting or construction preferred.

Skills & Competencies

• Advanced Excel proficiency.
• Oracle ERP mandatory.
• Strong knowledge of financial analysis and reporting.
• Excellent analytical skills with proven track record of providing valuable financial insights.
• Attention to detail and accuracy in financial record-keeping.
• Ability to work independently, manage multiple tasks, and prioritize effectively.
• Effective communication skills, both written and verbal, with ability to collaborate and build relationships.
• Familiarity with industry-specific financial practices and willingness to adapt to unique business environment.
• Proactive and solution-oriented mindset.
• Commitment to continuous learning and professional development.
• Strong understanding of accounting principles and practices with ability to stay updated with industry trends and best practices.