Assistant Financial Analyst

Role Overview

Assistant Financial Analyst at Al Tayer Group, Dubai, UAE. The role manages the accounting function of the company or assigned companies in accordance with international standard accounting practice to accurately compute and reflect financial position.

Qualifications & Experience

• Knowledge or experience in international accounting practice in a computerized environment
• Familiarity with International Financial Reporting Standards
• PC literacy with excellent Excel knowledge and exposure to ERP solutions

Skills & Competencies

• Excellent analytical, numerical, and research skills
• Good organizational and planning abilities
• Ability to work under pressure and meet tight deadlines

Key Responsibilities

Capital and Asset Management

• Exercise proper control over capital expenditures and ensure accurate capitalization of assets
• Conduct periodic counts of fixed assets and trading inventory to ensure its availability and fair valuation
• Assist with inventory management, including preparation of stock reports, variance analysis, regional stock transfers, and staff sales

Expense Analysis and Control

• Analyze inter-company and head office expenses and other overheads
• Ensure proper controls as compared to budgeted figures and seek proper explanation to validate them
• Allocate common expenses to various cost centers as per predefined criteria
• Ensure control over common accounts

Budget and Planning

• Assist in preparing budgets, business plans, and forecast exercises by liaising with other departments involved
• Collect and verify data and populate it in budgeting tools

Accruals and Balance Sheet

• Ensure proper accrual is maintained for services availed
• Compile accruals in balance sheet schedules

Commission and Reporting

• Verify commission for sales staff based on agreed criteria
• Prepare sales reports or ad hoc reports for management to evaluate business performance
• Prepare monthly management reports

Treasury and Trade Finance

• Liaise with operational units to identify Forex requirements and report same to treasury department
• Liaise with banks for bank guarantees and letters of credit (import/export) as requested by operations

Cash Flow and Liquidity

• Prepare cash flow statements for the current month and forthcoming months
• Ensure the company does not face cash crunch and defaults in payments

Audit and Compliance

• Facilitate the audit of accounts by internal and external auditors
• Examine audit reports in consultation with seniors
• Implement corrective action if required to improve efficiency and transparency