Deputy Chief Financial Officer

Location: Dubai
Salary: Based on experience

Job Code: 235/001/446
Industry: Manufacturing - Steel

Job Scope:
The Deputy Chief Financial Officer (Deputy CFO) plays a critical role in supporting the Chief Financial Officer (CFO) in managing the financial operations of the organization. The Deputy CFO assists in the development and implementation of financial strategies, ensures accurate financial reporting, oversees budgeting and forecasting, and manages the finance team. This role requires a strategic thinker with strong leadership abilities and a deep understanding of financial management principles, treasury, and developing strong relationships with banks.

Ensure that the Finance Department provides a professional financial support service to the company, its senior managers, and its subsidiaries, in a timely accurate, and relevant manner.
Ensure all financial transactions are recorded and processed in compliance with the agreed internal control framework in a timely and accurate manner.
Ensure management accounts, budgets, forecasts, and annual financial statements are prepared to agreed timescales supported by appropriate reconciliations.
Ensure the integrity of the company’s financial systems, including all feeder systems, providing robust financial appraisal and monitoring of business development and capital projects.
Deputies for the Chief Financial Officer (CFO), in their absence and work with the CFO to implement strategic decisions.

Job Dimensions:
Duties are carried out for the company and all its subsidiaries, associated, and connected entities.

Job Responsibilities:

To ensure that the Finance Department provides a professional financial support service to the company, its senior managers, and subsidiaries in a timely accurate, and relevant manner.
To ensure all financial transactions are recorded and processed in compliance with the agreed internal control framework in a timely and accurate manner.
To ensure management accounts, annual financial statements are prepared to agreed timescales supported by appropriate reconciliations; including profit and loss, balance sheet, and cash flow statements.
Comprehensive monthly balance sheet reconciliations for each balance sheet item.
To ensure the integrity of the company’s financial systems, including all feeder systems, and provide robust financial appraisal and monitoring of business development and capital projects.
Manage, lead, and develop the finance team.
Develop, review, and maintain financial policies and procedures.
Develop and maintain the Finance Manual.
Identify areas of cost management and control.
Develop and report key business Key Performance Indicators (KPIs).
Business partner; support budget holders and heads of departments across the company, through monthly meetings to discuss performance against expectations, and agree action plans.
Assist the Chief Financial Officer to formulate strategic plans.
Assist the Chief Financial Officer in the annual budget setting process.
Assist the Chief Financial Officer in maintaining the corporate risk register.
Manage and develop finance systems; evaluate and implement efficiencies, integration with other IT systems.
Treasury: prepare weekly and monthly cash forecasts with an emphasis on liquidity management.
Manage the annual audit process; liaise with external auditors to audit completion, and completion of external audit within agreed deadline.
Produce draft financial accounts pack and related schedules for annual external audit.
Liaise with all internal and external stakeholders; departmental heads, suppliers, customers, bank, external and internal auditors.
Excellent knowledge of IFRS; monitor and advice on changes in accounting standards, and impact on financial reporting.
Ensure all statutory and other returns are completed accurately, within set deadlines and payments made in accordance with time limits.
Manage and appraise all direct reports and ensure their technical and development needs are identified.
Maintain the framework of internal control and delegated authority appropriate to the company’s scale, risk, and operations.
In conjunction with the CFO, ensure compliance with all aspects of the Accounting Procedures Manual and if any discrepancies are identified, take remedial action.
Attend all relevant internal and external meetings as required and directed by the CFO.
Step in for the CFO in their absence.
Maintain the confidentiality of the Data.
Comply with the Health, Safety, and Environmental Policies.
Develop and implement safe working practices for the concerned department.
Prepare and maintain inspection reports within the department.
Ensure Incidents are reported, recorded, and support investigations.
Reprimand employees failing to discharge HSE responsibilities.
Contributing to continual improvement of HSE Culture within the team as Leader.
Any other duties assigned by the Reporting Head.

Job Requirements:

Degree in a related discipline (Accounting, Finance, Economics).
Professional qualification from a recognized CCAB accountancy body (ACCA, CA, CIMA, ICAEW) – professional qualifications of equal standing from other countries will be considered.
At least 5-8 years of work experience within a similar profile.
At least 2-3 years of industry experience.
Project management skills.
Knowledge of business development activities.
Excellent analytical skills.
Computer literacy including advanced proficiency with Microsoft Office (Excel, Work, PowerPoint).
Experience with standard accounting packages and ERP systems.
Strong verbal and written communication skills.
Excellent time management; planning and organization skills.
Results-oriented with a “can do” attitude.
Be able to work strategically and delve into the details.
Professional personable presentation.
Excellent customer service skills.
Reliable, efficient, and effective with a high level of integrity.
Team management and development.

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