For Recruiters

Finance Officer – Qualified Accountant - Dubai (DIFC)

Non-disclosed
Dubai, United Arab Emirates
Posted 5 days ago Permanent $100k - $120k
We are working with a boutique financial services firm, focused on serving institutional and professional clients, on recruiting a Finance Officer for their office in Dubai.

Responsibilities

  • Handling the company's finance, accounting, operation, funding, and cash-flow function; administering financing and revenue projects.
  • Spearheading the development of a trading platform, overseeing all aspects of transactions, commission allocation, net profit/loss, achieving consensus on the requisite features required by all business units to its design, development, testing and usage.
  • Regular monitoring and reporting of transactions within the firms accounts maintained with FCA regulated brokers as well as client money accounts held with local and international banks.
  • Divisional head, leading financial reporting and analysis, budgeting, P&L optimization and administering the payroll division including sales compensation, pension and bonus plans
  • Developing and implementing solutions to ensure compliance with regulatory requirements both existing and emerging.
  • Determining and allocating credit limit risk and extensions to clients/counterparties on the basis of financial and business evaluation.
  • Creating and submitting financial models, stress testing scenarios along with quarterly regulatory financial reports to DFSA (Dubai Financial Services Authority).
  • Presenting financial results and business direction at board meetings.

Requirements

  • Applicants must have previously held position as the nominated Finance Officer for DFSA financial reporting.
  • It is expected that the successful candidate will hold a recognised accountancy qualification (e.g. ACA, ACCA, CPA).
  • Prior experience working for an international institution in a developed market (i.e London/HK/Singapore/New York) will be preferred, as this role will require daily liaison with international finance colleagues and stakeholders.
  • Understanding of Global Markets and working knowledge of traded financial instruments (e.g. listed derivatives, equities, OTC products, structured products, etc).
  • Previous experience working for a global financial institution in a developed market is preferential.
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