Finance Manager - Asset Management - Jobs in Dubai, United Arab Emirates

1.00 to 10.00 Years Dubai, United Arab Emirates 18 Mar, 2024

What you will doMonitor quality of assets in the Balance Sheet

Constantly monitor and report on the quality of working capital and other assets in the Balance Sheet to highlight key issues during the Financial Review Meetings and Business Review Meetings for Management attention.
Monitor adequacy of provisioning, impairments, write-offs, etc to ensure compliance with Group Financial Policies
Review of Investment Proposals / AFEs / Business Plan / IANs pertaining to expansions and M&As
Carryout critical evaluation/review of new Investment Proposals / Business Plans / AFEs / IANs and M&As to ensure the proposed investments meet the investments criterion set by the Group prior to the approval by the AF Group Senior Management.
Drive the Post Completion Review exercise with the Divisions/Businesses to ensure compliance to DOA and ensuring executed projects perform in line with the approvals provided
As part of PCR process, highlight potential impairment cases to the Management for early action and accounting.
Coordinate with Corporate Finance Team for issue/update of WACC rates to the Business Divisions to ensure updated rates are used by the Business Divisions in the investment proposals

Capital Expenditure tracking and optimization

Centrally monitor the Capex Budget and actual spend done by the Business Divisions to ensure the spend is within the Budget and explore ways to optimize the spend

Marginal and Loss-making Businesses/Stores

Carryout periodical analysis of marginal and loss-making businesses / showrooms / stores for Senior Management attention for turnaround / exit and to improve the overall profitability of the AF Group
Tracking of action items agreed regarding the turnaround/closure of the loss-making businesses/stores for regular reporting

Benchmarking exercise

Carryout benchmarking analysis on AF Group/Business Division performance with select peers, competitors, Principals, etc. based on published information for information and any performance improvements

Off-Balance Sheet exposure tracking/reporting

Carryout periodical reporting of off-balance sheet exposure across AF Group for Management attention and action

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