Senior Manager Financial Reporting

The role holder is responsible for managing the preparation and consolidation of the statutory Financial Statements (consolidated / standalone) in accordance with IFRS and applicable laws. The role holder manages the financial audits and preparation of various financial statements and ensures timely management of monthly / quarterly / yearly closing of GL and the statutory reporting for DHAM and its business units in coordination with the auditors and relevant stakeholders.

Core Responsibilities

Financial Statements and Accounting Support

• Prepare DHAM’s statutory consolidated / standalone financial statements in accordance with IFRS and / or, local regulatory requirements.
• Provide expertise in consolidation of diverse group of entities involving companies / subgroups having cross.
• Provide recommendations in the review of the accounting aspects of complex transactions in accordance with IFRS / local GAAP.
• Manage the complete monthly / quarterly / yearly closing of GL with high level of accuracy. Ensure all month end closing entries have been accounted in General Ledger (GL).
• Ensure financial modules (AP, AR, FA, Cash management) are closed timely within ERP and accurate data is reported with strict adherence to the agreed month-end close schedule. This includes proactively coordinating with relevant stakeholders (Finance, Procurement, HC, IT & other relevant stakeholders) to explain the revised process / closing deadlines & ensure strict adherence to the same.
• Support the Director by researching on new accounting standards (e.g. IFRS 15, IFRS 9 etc.) and highlighting its application and impact on DHAM’s financial statements with options to report to management (VP, CXO).
• Support the Director in providing guidance and assistance to the various accounting teams in the implementation of the accounting policies, procedures, controls and monitoring activities.
• Assist in preparing and analyzing reports / schedules / reconciliation including validation of the integrity of financial database, and accuracy of processed transactions for certain key balance sheet and P&L balances / accounts in order to support management / group / statutory reporting.
• Manage the accounting implications for the various assigned key Balance Sheet and P&L balances / accounts with regards to providing technical guidance in accordance with IFRS / local regulations including best practices as well and interaction with key DH Finance leadership and relevant DHAM executives.
• Review related party and inter-company reconciliations, obtain confirmations, investigate and resolve all the reconciling items identified in the reconciliation. Communicate with Dubai Holding for the listing of the related parties at DH level to identify the related parties and summarize the transactions with the related parties. This also includes preparing memorandum relating to offsetting of related party / intercompany balances, if any, and declaration of dividends.
• Review monthly account reconciliations dashboard reflect overall efficiency of account reconciliation process, implementation of recommended action plans and monitor health of underlying finance schedules.
• Conduct timely and detailed analysis and provide recommendations related to Finance Policies and Procedures, Compliance, IFRS / Local reporting requirements, Financial Statements (consolidated / standalone) matters to support the accounting function and the overall Finance Division to achieve its business objectives.
• Support the Director – Accounting & Statutory Reporting in providing financial advisory and recommendations on various complex financial transactions.
• Support the Director – Accounting & Statutory Reporting in preparing and verifying accuracy of bank covenant compliance certificates.
• Act as Accounting & Statutory Reporting delegate in the absence of Director – Accounting & Statutory reporting to address challenges and issues.

Auditing Support

System Support (ERP / Hyperion / Yardi)

Continuous Improvement

People Management

Minimum Qualification :

Experience :

Technical Competencies

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