Identify and assess the risks for all areas of the firm and obtain management agreement on risks and related key controls and control issues;
Develop the annual audit plan after consulting with key stakeholders to identify priorities and resource requirements for the year;
Liaise with investee companies and align internal audit objectives and strategy between the firm and investee companies;
Report to the Audit Committee quarterly on the internal audit plan, internal audit reviews, progress, and key findings;
ACCA or equivalent accounting qualification.
CIA, Certified Internal Auditor.
۱۰+ years in audit, with a background in the big four and a global brokerage or investment bank within their prime brokerage department.
Excellent spoken & written English language skills.
Exposure to global financial markets.
The candidate will be responsible for the oversight of the Accounts Payable (AP) and Travel and Expense (TE) functions in the Dubai Hub Shared Service Center including analysis of AP-Hub transactions, with secondary requirement of processing invoices and payments within defined time periods and in accordance with company policies. The principal focus of this position is to guide the payment processing and the card program for entities across CEMEA – Central Europe, Middle East, and Africa. An essential requirement for this individual is on analysis (both quantitative and qualitative) and the ability to bring the full AP Hub picture together for the Senior finance and business leaders. This role will have high visibility in the regional hub and beyond.
KEY RESULT AREAS
۱٫ Perform the CEMEA region TE & AP transaction analysis with a keen focus on supporting the controllership function and the business while considering the relevant CEMEA individual country business environment
۲٫ Own the global corporate and purchasing card program for the CEMEA employees including: issuance, renewal, modification, cancellation, records retention, Oracle linkage, distribution lists, and customer service (credit limit increases, policy interpretation, exception transaction processing, etc.) while maintaining audit controls
۳٫ Ensure processing/payment of invoices are in compliance with established key controls
۴٫ Coordinate with global treasury team to arrange weekly funding requests to cover CEMEA region supplier payments
۵٫ Prepare and review the weekly payment batches to ensure all invoices are approve for payment in compliance with established key controls
۶٫ Liaise with cash management team and review the bank reconciliations for CEMEA region bank accounts
۷٫ Coordinate with all CEMEA region local banks to discuss queries in payments and resolve them on timely mannet
۸٫ Review the local bank requirements to make sure all payments are initiated as per the local bank laws
۹٫ Ensure TE & AP transactions are captured, recorded, summarized and reported in compliance with policies & procedures, US GAAPs, IFRS, as well as statutory, corporate and tax requirements (as applicable)
۱۰٫ Provide qualitative and quantitative analysis to the CEMEA AP Director as well as to other Finance and Business team members to assess requirements for change in processes, procedures and workflows. Initiate and propose procedural changes to enhance data quality and process flows
۱۱٫ Review and assess the impact of actual or planned changes to accounting policies, processes and other parameters
۱۲٫ Analyze executed business transactions to detect anomalies and non-compliance. Work with other supporting functions to investigate report and assist the business units to remediate the issues and implement effective AP controls to avoid re-occurrence
۱۳٫ Liaise with business owners and the Tax department on treatment of withholding taxes
۱۴٫ Interact with cardholders and other finance groups, including Controllership, Global Sourcing, Accounts Payable, Data Maintenance, IT, HR, and Products and global card administrators, to support questions related to corporate and purchasing card transactions
۱۵٫ Participate in global card program and system rollouts including user testing, communications and training
۱۶٫ Confirm that central travel account statements in the iExpense application are reconciled effectively
KEY PERFORMANCE INDICATORS
۱٫ Ensure meeting accounting deadlines for monthly, quarterly and annual financial close. Quality of accounting records – compliant with corporate policies, GAAP, FCPA, SEC and SOX. Accurate accounting of AP transactions – leading to minimum accounting adjustments/errors.
۲٫ Effectively participate in the payables team and TE with an environment focused on controls, ensuring compliance with key operating controls and proper segregation of duties, while meeting stated service levels
۳٫ Quality of supervision/advice given and effectiveness of the team in jointly producing the desired output. Be a role model to demonstrate efficient execution, constant enhancement, ownership of core values
۴٫ Focus on providing perceptive analysis with a specific effort on seeing the big picture while not losing sight of the critical details
۵٫ Lead and operate with minimal supervision and make decisions based on acquired skills and knowledge. Propose and design analytical tools which will allow for an effective management of processes, workflows, teams, etc… within the AP&TE function and beyond
۶٫ Effective communication with stakeholders to ensure consistent application of key accounting treatments
۷٫ Excellent project management skills to drive various projects to completion with minimal supervision
۸٫ Non-recurrence of audit issues
۹٫ Timely and effective implementation of assigned projects/duties
۱۰٫ Adhere to personal and team targets in invoices and amounts processed during the established timespan.
۱۱٫ Promptly monitor and respond to queries sent to the Accounts Payable general mailbox.
۱۲٫ Implement analytical triggers to ensure withholding Tax and GST/VAT are properly accounted for and coded correctly
۱۳٫ Develop and maintain key operating metrics to determine backlogs or processing gaps to properly allocate activity focus
۱۴٫ Take measures to prevent shortages, unlawful expenditures of money and inventory holdings, violation of financial and tax legislation
۱۵٫ Instruct employees on company policies and procedures, while guiding the CEMEA card program and overseeing the general employee T&E related items and Purchasing Card topics
Complexity in accounting due to multi-dimensional financial reporting requirements – data needs to be analyzed by cost centre, account, product, country, projects, services as well in various currencies. In addition, accounting records need to comply with US GAAP and local statutory financial and tax laws, and need to consider impact of tax issues in each country. The financial reporting systems are highly integrated with statistical and operational databases.
District 2020 is a department, part of Expo, which will be everything surrounding the Expo legacy, how it will impact the region, and the world after Expo 2020. The department is developing the strategy to ensure there is deep and lasting impact in the following areas: Economic, Social, Reputational, Innovation, Culture, and Youth.
The Manager- Investments will be responsible for overseeing the investment requirements from a financial perspective for District 2020. Responsibilities include preparing financial models and reports, supporting strategy and sales team in optimizing cash flow.
۶+ years of work experience in preferrably in a well-knonwn Real Estate organization as well as;
– Professional qualifications – CA, CFA, ACCA are preferred;
About the company
HR Source Consulting is a premier Human Resources Consultancy that provide clients across the Middle East and North Africa (MENA) with expert human resources planning and solutions. By inference, we have the expertise to attract high calibre candidates that fill specialist roles in the key industry sectors with focus in: – IT (Information Technology) – Media & Communications – FMCG and many others We deliver to a multitude of client organisations across the MENA region from leading multi-nationals (MNC’s) to SMEs and boutique businesses. We are your “Regional HR partner with Global Reach”. We adopt tailor made services and solutions to ensure that our clients need is fully met . We provide a multi-step consultancy approach to sourcing the ideal candidate, to ensure that your requirement is fully fulfilled and delivered to. Furthermore we offer tailor made HR Services and Solutions in the additional following areas: – Permanent Recruitment Solutions – Interim & Contract Recruitment Solutions – Managed Services – Salary Surveys – Outplacement Services – Relocation and Company setup advice In short, HR Source Consulting is dedicated to delivering human resources solutions at every level (from Junior, Mid to Senior and C-Level Executives). This includes successful placements for every type and size of client organisation by sourcing candidates at all levels of seniority. We like to go the extra mile and serve our clients every need of HR and provide additional solutions and services from salary surveys, market intelligence, outplacements services and relocation and company set up advice.