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Nurturing creativity. Supporting the arts.
You are applying for:
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- Job ID
- #AA13FEBFC
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- Designation
- Financial Controller
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- Department
- Finance
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- Level
- Manager
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- Location
- Alserkal Avenue
Job Description & Responsibilities
Apply via talent@alserkalavenue.ae
ABOUT ALSERKAL:
Founded by Emirati businessman and patron, Abdelmonem Bin Eisa Alserkal, in 2007, Alserkal is a socially responsible cultural enterprise, which is deeply engaged with the arts locally, regionally and internationally. Through Alserkal Avenue, its renowned cultural district of contemporary art galleries, non-profit organisations and homegrown businesses, Alserkal has cultivated a creative economy in Dubai, supporting cultural production and spearheading disruptive business models, including the OMA-designed Concrete, a state-of-the-art exhibitions and alternative space. In addition, Alserkal supports public art commissions, residencies, research grants and educational programmes through its non-profit, Alserkal Arts Foundation.
THE ROLE SUMMARY:
The Financial Controller oversees the smooth day-to-day operation of the organisation’s finance function. The role is tasked with delivering the following key areas of financial management:
- Manage the income and expenditure of the organization, ensuring financial stability and security;
- Manage the financial reputation of the entire Alserkal organization supporting its position as the partner of choice for business looking to establish themselves in the region
- Provide key financial intelligence providing the business with the ability to make informed and timely decisions about growth, risk and investment.
KEY FUNCTIONS:
Managing the finance function
- Development, implementation and enforcement of financial and control policies and procedures for the organisation.
- Ensure Company system of accounts and records are properly maintained, in compliance with accounting and tax statutory requirements (IFRS).
- Ensure Chart of Accounts and cost coding accurately reflects requirements of the operating businesses.
- Cashflow re-forecasting on a monthly basis, on all elements of revenue, expense and capex elements of the business plan
- Management/Supervision of the Receivables and Payables function of the Company, Bank reconciliation, Petty cash, Fixed Assets etc.
- Verification of income and expense allocation from Group entities and accurate reporting of the same.
- Ensure implementation of the approved procurement process and Delegation of Authority.
- Management of credit facilities (including letters of credit), financial covenant monitoring reporting where required.
- Assist with communication with External Auditors.
- Cash management for daily business operations, including cash calls, deposit placements.
Supporting Alserkal Management
- Ensure the delivery of accurate / quarterly / annual financial reports and statements, with actual to budget results.
- Preparation and consolidation of Annual Business Plan, including department budgets, in close coordination with individual department heads.
- Development and tracking of financial KPIs that will also form part of the Annual Business Plan.
- Assist with the development of feasibility studies for new opportunities (new capex/investments)
- Preparation and consolidation of Annual Business Plan, including department budgets in close coordination with individual department heads.
- Development and tracking of financial KPIs that will also form part of the Annual Business Plan.
- Any other duties as may reasonably be requested by the management team.
Team responsibilities
- Effectively lead, engage and develop the Finance division in ensuring finance protocols are followed and continuously improved
- Effectively manage the performance of the finance team including the setting objectives and the completion of personal development reviews for each staff member
- Facilitate the personal and professional development of the Finance Division
- Assist in developing the skills and competence of the wider Financial Management team as and when organisation requirements change
Key Competencies and Personal Qualities:
General Management / the management of activities
- Ability to plan and organise and control activities
- Analytic ability
- Precision / detail orientation
Interactive management
- Ability to coach / guide / mentor others
- Interpersonally warm
- Assertiveness
- Decisiveness
Self-management
- Ability to perform under stress
- Orientation towards taking responsibility
- Integrity
Skills
- Proficiency with Microsoft Office products is essential
- Experience with all financial modules of an ERP system is essential
- Experience with SAGE is desirable
Education / Qualifications
- A bachelor’s degree in accounting, business, or closely related field (or equivalent education and experience) is required.
- Qualified Accountant (ACA/ACCA)
Experience
- A minimum of 6 years of experience in Accounting & Finance, 3 years of which should be in a supervisory role