Established in 2004, Dubai Holding is a global investment company with investments in more than 30 countries and a combined workforce of nearly 40,000 individuals. In line with the vision of Dubai’s leadership and economic diversification strategy, Dubai Holding companies have nurtured sectors, irrevocably transforming Dubai’s socio-economic landscape and positioning Dubai as a diversified, globally integrated economy.
Dubai Holding is committed to the diversification of Dubai’s non-oil economy. Our portfolio, valued at over AED 265 billion, spans 10 sectors, including real estate, hospitality, leisure & entertainment, ICT, design, education, media, retail, manufacturing & logistics, and science.
For the Good of Tomorrow
Dubai Holding is looking to hire a Manager – Finance for its business company Dubai Holding Investments reporting to the Associate Director - Finance. The role holder will support the Associate Director & DHI Finance team in delivery of monthly/quarterly financial reporting and operational finance responsibilities of DHI. The job holder will take ownership the closing of books each month, working closely with DH Group Services on the general ledger accounting for DHI, preparation of monthly performance and flash reports, review of the DH reporting 2.0 and will work closely with many stakeholders including the CIO, DH Group Services, Shared Service Centre, other DH verticals and external investment partners to achieve the targeted objectives.
If you have the talent and eager to embark on a dynamic and fulfilling career, we would like to hear from you!
Key Accountabilities:
Monthly, Quarterly & Year End Performance Reporting
- Lead preparation of detailed P&L flash reports and quarterly performance reports for DHI leadership, including variance analysis
- Support tracking performance and cashflows against annual budget, explaining any unusual/large variances
- Prepare detailed performance report for DHI leadership
- Prepare, consolidate reporting packs to DHI Group team
- Support Investments team with finance input of asset portfolio management pack
- Assist in preparation of quarterly reporting business review
- Pre-closing P&L and Balance Sheet, early variance analysis to DHI Finance leadership
- Review of related audit clearance packs
- Support in preparing Annual Report & materials for various government/management committees
Management Reporting
- Close liaison with DH Group Services to ensure all DHI key financial activities are correctly recorded and accounted for in line with IFRS (eg. investment deployments, share of profits, dividend income, fair value accounting)
- Work closely with Dubai Holding Shared Services team on management reporting to review all management reporting related deliverables and achieve sign offs across the business. These reviews include management reporting, treasury operations and working capital
- Review the accounting entries and prepare the reporting for statutory and financial reporting, including liaison with the auditors
Treasury Management
- Prepare cashflow forecasts and work closely with the Finance and Accounts department on DHI’s cash needs
- Weekly reporting and planning to DHI finance leadership on cash planning status for DHI
- Be the conduit between the deal team and DH Group Services for all payment matters, including invoices, capital drawdowns and distributions
- Support in proactive monitoring cash and rolling cashflow requirements considering upcoming cash outflows & inflows including capital calls, divestments, expected acquisitions
- Proactively manage bank accounts & balances vs future expected transactions, liasing with Group Head Office to ensure bank accounts have enough cash to cover future transactions and ensure liquidity (with the approval and oversight of Associate Director/SVP Finance)
Financial Policies, Processes, Systems, Controls, Governance & Compliance
- Support in developing, documenting and implementing financial policies, procedures, systems and controls that comply with accounting standards, regulatory requirements, best practices, as well as DH and DHI’s internal policies & delegation of authority
- Support finance leadership in identifying key areas of optimisation, and drive optimisation & automation in identified areas across finance (AI, robotic process automation) including online banking set up, auto-debits of finance expenses/hedge payments, flash reports, reconciliations, automated system flows.
- Coordinate, support internal audit, govt audit, annual audit, quarterly reviews, tax and reg filings
Working capital, capital calls & investment deployment management
- Review and validate capital call & investment deployment requests from Funds and Investments, working closely with Group Services Treasury team
- Monitoring Opex/Transaction Cost Budgets
- Tracking invoices & payments due, following up on Shared Service payment and with bankers on critical timing payments
- Ensure cash forecasting of expected invoices/payments due/dividends to be received is kept up to date & flag any issues expected
- Develop adequate controls for the funding process
- Ensure compliance and timeliness of payment settlement
- Resolve and follow up on penny tests, queries raised with investment funds in a timely manner
Who we are looking for:
- Mix of both professional services experience in audit/accounting and in industry roles strongly preferred
- Minimum of 6 years of relevant professional experience, at least 3 years post-qualification experience
Education / Professional Certifications:
- ACCA/CA or other recognized professional accounting qualification
- Working knowledge of IFRS and experienced in financial statement analysis
- Experienced in monthly management reporting and finance operations management (eg. working capital management, cash forecasting, budget forecasting)
- Prior experience to Oracle or similar ERPs
- Excellent written skills in English, including enhanced presentation preparation skills which are able to be used at board level
Technical Competencies:
- Previous exposure to working in finance function of investments arm of a sovereign owned entity
- Experience of working with different accounting softwares
- Experience of working with Shared Service Centre & “owning” final deliverables
- Exposure to corporate tax structuring, particularly in a PE/investment setting, is an added advantage (but not essential)
Behavioural Competencies:
- Strong numerical, analytical and interpersonal skills
- Happy to work in a rapidly evolving environment & confident to take on new tasks and challenges
- Problem solving – ability to resolve conflict and deal with a wide range of complex problems independently
As much as we would be delighted to entertain all applicants, due to the high volumes of applications, only successful applicants will be contacted within 14 business days.
This job description is not all inclusive. Dubai Holding reserves the right to amend this job description at any time. Dubai Holding is an Equal Opportunity Employer, committed to a diverse and inclusive work environment.
