AVP - Finance

Our client is a leading lifestyle developer and investment company based in Ras Al Khaimah. The group is focused on creating premier lifestyle developments, while investing in hospitality, retail, real estate and related services. They are looking to add to their team a driven AVP-Finance, within their Finance department.

The job holder will be reporting directly to the CFO and will be responsible for:

1. Financial Reporting & Audit - Month end closing and preparation of financial reports according to AHG and IFRS standards & procedures. Responsible for the accounting activities and dealing with Internal and External Auditors.

1. Revenue Management and Optimization Oversee a team of revenue management professionals, ensure end to end process adherence, implementation of salesforce / CRM effectively and also billing and collections are happening accurately and timely with no revenue leakages.

Key Responsibilities

Financial Reporting & Audit

• An individual contributor with ability to handle a team
• Ensure financial close is conducted effectively and efficiently on monthly basis.
• Experience in consolidation in multiple books of accounts
• Monitor timely execution and ensure compliance with IFRS (International Financial Reporting Standards).
• Continuously assess the financial closing process and perform process re-engineering (where possible) to reduce the financial closing period and increase its efficiency.
• Review and analyze Sub Ledger, and General Ledger accounts for reconciliation of recorded accounting transactions on assigned accounts.
• Preparing financial information detailing balance sheet, profit & loss statement and cashflow analysis.
• Supporting budgeting, forecasting, and variance analysis at the group level.
• Ensuring compliance with accounting standards, regulatory requirements, and internal policies.
• Collaborating with finance teams to streamline reporting processes and improve data accuracy.

Revenue Management

• Oversee the end-to-end revenue cycle, ensuring timely and accurate billing for real estate activities, including lease agreements, property sales, and community management fees.
• Develop and enforce revenue policies and procedures, ensuring they are consistently applied across all business units.
• Implement and maintain an effective revenue recognition framework, ensuring compliance with relevant accounting standards (e.g., IFRS 15, lease accounting etc).

Billing and Collections

• Supervise the creation, review, and issuance of invoices, ensuring accuracy and adherence to contractual terms.
• Ensure proper allocation of charges such as rents, service fees, maintenance costs, and other applicable fees in billing systems.
• Ensure accurate utility billing to all customers on a monthly basis.
• Monitor collections to ensure timely payments and minimize outstanding receivables.
• Implement effective credit control measures and strategies to reduce bad debts and improve cash flow.
• Collaborate with the operations and legal teams to resolve disputes related to billing and collections.

Revenue Reporting and Analysis

• Lead the preparation of detailed revenue reports, including breakdowns by property, region, and revenue type.
• Analyze revenue trends and variances to provide actionable insights for senior management and other stakeholders.
• Design and monitor key performance indicators (KPIs) related to revenue, billing, and collections.
• Ensure revenue forecasts are accurate and integrated into broader financial planning processes.

System Management and Process Improvement

• Oversee the maintenance and accuracy of billing and revenue management systems (e.g., SAP, sales force, utilities billing or other real estate-specific platforms).
• Drive automation and efficiency improvements in billing, revenue reconciliation, and reporting processes.
• Partner with IT to implement system upgrades or new solutions that enhance revenue operations.
• Conduct periodic audits of billing and revenue processes to identify gaps and implement corrective actions.

Other Team responsibilities

• Supervise the finance team on a day-to-day basis ensuring that work is prioritized to meet deadlines.
• Coordinate workload for the team, ensure viable staff cover of the department and provide support and training as appropriate.
• Evaluate and make recommendations on the automated systems and processes within the department, working with the Finance Manager to modernize and improve the function.
• Assist the HOD in Annual Budget process and other strategic finance projects as required.
• Proposes changes to accounting and financial policies and procedures to ensure efficacy of service. Liaises with budget-holders to ensure compliance to the policies and procedures within the FPM.
• Continually look to identify areas for improvement and develop processes that will enhance the level of service offered to Finance Department stakeholders.

Key Qualifications & Requirements

• Chartered Accountant
• 15 years post CA experience for a major company or division of a large corporation in financial monthly closing and reporting process.
• 50% of work profile will be individual contributor role.
• Consolidation of multiple companies / division / units / profit centers
• Must have worked with a Big 4 for 2 to 3 years
• Must have worked in real estate development company
• IFRS exposure would be mandatory
• SAP experience is mandatory