Finance Manager_ UAE_ for Leading FMCG Brand (Confidential)

Key Responsibilities
1. Financial Management & Reporting
 Manage the day-to-day finance and accounting activities of the manufacturing
business.
 Ensure accurate and timely monthly, quarterly, and annual financial closing.
 Prepare and review P&L, balance sheet, cash flow, and management reports.
 Analyse financial performance against budget, forecast, and previous periods.
 Provide management with meaningful financial analysis and recommendations.
 Ensure accuracy and integrity of accounting records and financial information.
2. Manufacturing Costing & Cost Control
 Lead product costing for bakery products, including raw materials, packaging,
labour, utilities, production overheads, and other manufacturing costs.
 Monitor actual manufacturing costs against standard costs and investigate significant
variances.
 Analyse production yields, wastage, production losses, labour efficiency, and
machine utilisation.
 Develop and maintain standard costing models for different products and production
lines.
 Identify opportunities to reduce manufacturing costs and improve gross margins.
 Work closely with Production and Supply Chain teams to improve cost efficiency.
3. Budgeting & Forecasting
 Lead the annual budgeting and periodic forecasting process for the manufacturing
operations.
 Prepare budgets for production, raw materials, labour, utilities, maintenance,
CAPEX, and overheads.
 Monitor budget performance and provide variance analysis.
 Develop financial forecasts based on production volumes, sales plans, commodity
prices, and operational requirements.
 Support management in evaluating the financial impact of new products, production
lines, investments, and expansion plans.
4. Inventory & Working Capital Management
 Oversee financial controls relating to raw materials, packaging materials, finished
goods, and spare parts inventory.
 Monitor inventory valuation and ensure appropriate accounting treatment.
 Analyse inventory movements, slow-moving and obsolete stock.

 Work with Supply Chain and Warehouse teams to improve inventory accuracy and
working capital.
 Monitor receivables, payables, inventory days, and cash conversion cycle.
 Ensure regular stock counts and reconciliation between physical and system
inventory.
5. Commercial & Business Finance
 Partner with Sales and Commercial teams to analyse customer and product
profitability.
 Review pricing and margin analysis for key customers and products.
 Support commercial teams in evaluating customer contracts, promotions, discounts,
rebates, and trade expenses.
 Analyse profitability by product, customer, channel, and market.
 Provide financial inputs for new business opportunities and major customer
negotiations.
6. Cash Flow & Treasury
 Monitor daily and monthly cash flow requirements.
 Prepare cash flow forecasts and ensure adequate working capital availability.
 Monitor customer collections and supplier payment obligations.
 Coordinate with banks and financial institutions when required.
 Support management in optimising working capital and liquidity.
7. Internal Controls & Compliance
 Establish and maintain effective financial controls across manufacturing and
commercial operations.
 Ensure compliance with company policies, accounting standards, and applicable
UAE tax requirements.
 Coordinate with external and internal auditors.
 Ensure timely completion of audits and implementation of audit recommendations.
 Monitor controls relating to procurement, payments, inventory, sales, credit, and
CAPEX.
 Ensure proper documentation and approval processes for financial transactions.
8. CAPEX & Fixed Assets
 Review and analyse CAPEX proposals for machinery, production lines, equipment,
vehicles, and facility expansion.
 Prepare financial evaluations and ROI/payback analysis for major investments.
 Monitor CAPEX budgets against actual expenditure.

 Ensure proper recording, depreciation, and reconciliation of fixed assets.
9. Team Leadership
 Lead, manage, and develop the finance and accounting team.
 Allocate responsibilities and ensure timely completion of finance deliverables.
 Establish clear performance objectives and KPIs for finance team members.
 Promote a strong culture of financial discipline, accuracy, accountability, and
continuous improvement.
Key Performance Indicators
 Monthly financial closing and reporting accuracy
 Budget vs. actual performance
 Manufacturing cost variance
 Gross margin and product profitability
 Raw material and inventory variance
 Inventory accuracy and working capital
 Receivables collection and DSO
 Cash flow management
 CAPEX budget adherence
 Audit findings and compliance
 Cost reduction and productivity improvement initiatives
Qualifications
 Bachelor's degree in Finance, Accounting, Commerce, or a related discipline.
 Professional qualification such as ACCA, CMA, CPA, CA, or equivalent is highly
preferred.
 Strong knowledge of accounting principles, financial reporting, budgeting, costing,
and financial controls.
Experience
 8–12 years of progressive finance and accounting experience, with at least 3–5
years in a Finance Manager / senior finance role.
 Strong preference for candidates with experience in FMCG, food manufacturing,
industrial bakery, food processing, or other high-volume manufacturing
environments.
 Proven experience in manufacturing costing, standard costing, inventory
control, budgeting, forecasting, and variance analysis.
 Experience managing finance teams and working closely with cross-functional
operational teams.

 UAE/GCC experience is preferred.
Technical Skills
 Strong understanding of manufacturing accounting and product costing.
 Advanced Excel skills, including financial modelling and data analysis.
 Experience with ERP systems such as SAP, Oracle, Microsoft Dynamics, or
similar.
 Strong knowledge of budgeting, forecasting, financial modelling, and management
reporting.
 Good understanding of inventory accounting and working capital management.
 Knowledge of UAE VAT and corporate tax requirements is preferred.
 Strong analytical and problem-solving skills.
Competencies
 Commercial and business acumen
 Strong analytical ability
 Financial and cost-control orientation
 Attention to detail and accuracy
 Strong communication and stakeholder-management skills
 Leadership and team-management capability
 Decision-making and problem-solving skills
 Ability to work in a fast-paced manufacturing environment
 Strong sense of ownership and accountability
Ideal Candidate Profile
The ideal candidate will be a hands-on manufacturing finance professional who
understands not only accounting and reporting but also the operational drivers of a large
industrial bakery—such as flour and ingredient costs, production yield, wastage, labour
efficiency, utilities, packaging costs, production volumes, inventory, and
product/customer margins.
Experience in a large-scale FMCG or industrial food manufacturing environment will be
strongly preferred.