Finance Manager

Company Description

Role Description

• This is a full-time on-site role for a Finance Manager at The Valens Clinic, located in Dubai.
• The Finance Manager will oversee financial planning, budgeting, and forecasting, ensuring effective management of resources.
• Duties include preparing financial reports, maintaining records, ensuring compliance with local regulations, and developing strategies to improve financial health.
• The role also involves liaising with other departments to optimize cost efficiency and providing regular financial analysis to aid decision-making.
• Maintain the general ledger accounting, ensuring accuracy and completeness of all financial transactions in accounting software QuickBooks.
• Manage accounts payable processes, including invoice processing, payment approvals, and vendor reconciliations.
• Manage accounts receivable processes, including invoicing, collections, and customer account reconciliations.
• Payroll processing, ensuring timely and accurate payment of salaries and benefits.
• Ensure compliance with all relevant labor laws and regulations.
• Prepare monthly clinician commission working statements and send invoices for confirmation.
• Process monthly revenue commission payout before due date.
• Prepare and file VAT returns, ensuring accuracy and timeliness.
• Ensure compliance with all applicable tax regulations, including VAT refund and corporate tax.
• Perform regular reconciliation of accounts receivable from customers, ensuring accuracy and completeness.
• Reconcile payments received with billed amounts, identifying and addressing any discrepancies.
• Maintain detailed records of all transactions and communications with customers
• Maintain a log of all collection activities and follow up on overdue accounts.
• Prepare and present detailed reports on accounts receivable, including aging reports and collection status.
• Perform regular bank reconciliations to ensure accuracy of cash balances and identify discrepancies.
• Conduct monthly, quarterly, and annual closing processes, ensuring timely and accurate reporting.
• Any adhoc financial report required by the management.
• Handling general & administration tasks.
• Prepare and present financial statements, including profit and loss statements, balance sheets, and cash flow statements.
• Ensure financial statements are prepared in accordance with international financial reporting standards (IFRS) and local regulations.
• Coordinate and manage external audits, ensuring timely completion and resolution of audit findings.
• Analyze financial data to identify trends, variances, and opportunities for cost reduction.
• Prepare comprehensive financial reports for senior management, including profit and loss statements and cash flow statements.
• Provide financial insights and recommendations to support strategic decision-making.
• Forecast financial outcomes based on historical data, trends, and organizational goals.
• Ensure compliance with all relevant financial regulations and standards in the UAE.

Qualifications

• Expertise in Financial Planning, Budgeting, and Forecasting.
• Proficiency in Financial Reporting, Analysis, and Cost Optimization.
• Strong understanding of Accounting Principles, Taxation, and Compliance regulations in the UAE.
• Proficient in the use of financial software and tools such as ERP systems and advanced Excel functions.
• Proven leadership and team management experience, with excellent communication and organizational skills.
• Strong problem-solving abilities and experience in developing innovative financial strategies.
• Bachelor’s degree in Finance, Accounting, or a related field (CPA or CFA certification is a plus).
• Previous experience in the healthcare industry is highly advantageous.
• Ability to work on-site in Dubai with a commitment to the clinic’s mission and values.