Finance & Administration Manager

The finance and administration manager both oversees the company's financial operations and reporting, as well as conducts administrative tasks such as communicating with clients and engaging in personnel decisions. They exercise administrative control over many aspects of the financial operation of a business, including budgeting, payroll or human resources, and business planning. They ensure that records across financial departments are accurate.The finance and administration manager oversees the company's financial reporting mechanisms, managing the financial staff to ensure that official monthly and annual financial statements comply generally accepted accounting principles. These managers also oversee accounts and cash flow, administer internal audits, and cooperate with external auditors. Administrative tasks they perform include helping to ensure that the human resource department operates in line with standards and regulations, training new or junior staffers, and communicating with vendors and consultants as required. Finance and administration managers work during normal business hours in an office setting, although overtime or travel may occasionally be required.Requirements for the finance and administration manager typically include a bachelor's degree in business, finance, accounting, or a related field. Professional certifications such as CPA (Certified Public Accountant) is typically required, as is at least seven years of overall professional experience, with at least five years of managerial experience in finance and operations. Successful applicants display excellent communications skills and a strong knowledge of financial analysis, accounting, and auditing.

As a Finance & Administration Manager with 6-9 years of experience in the AE, your main responsibilities include:

• Oversee financial operations, including budgeting, forecasting, and financial reporting, to ensure compliance and efficiency. Monitor and manage the financial activities of the organization, including budget creation, financial forecasts, and regular financial reporting to ensure adherence to financial regulations and optimize financial performance.
• Manage the administration function, including office operations, facilities management, and vendor relationships. Handle the day-to-day administrative tasks, such as managing office operations, overseeing facility maintenance, and establishing and maintaining relationships with vendors and service providers.
• Develop and implement internal control procedures and ensure compliance with company policies and regulatory requirements. Create and enforce internal control procedures to safeguard company assets, ensure compliance with company policies, and adhere to relevant regulations, such as tax laws and financial reporting standards.
• Lead and mentor a team of finance and administrative professionals, providing guidance and support to achieve departmental goals.

The role of Finance & Administration Manager is vital for efficient operations and financial management. For professionals with 6-9 years of experience in the AE, here are four alternative roles to consider:

• Senior Accountant: Assumes more extensive responsibilities, such as financial reporting and regulatory compliance.
• Treasury Manager: Focuses on managing cash and liquidity requirements, including forecasting, risk management, and investment activities.
• Procurement Manager: Involves managing supplier relationships, negotiating contracts, and overseeing purchasing processes.
• Financial Analyst: Monitors financial performance, develops forecasts, and provides insights to support strategic decision-making.

The Finance & Administration Manager role in the United Arab Emirates is projected to experience steady growth in the market. Over the past 10 years, there has been an increasing demand for professionals in this role, with a positive trend expected to continue. According to Google data, employment opportunities for Finance & Administration Managers are likely to increase in the future. The market is evolving, driven by economic growth and global business expansion in the UAE. With ongoing demand for financial expertise and efficient administrative operations, the job outlook for this role remains promising.