Financial Controller

Dubai, United ARab Emirates
Competitive Salary Package Commensurate with experience inc. Flights, Visa, Medical, Annual Leave.
29 Jan 2017
26 Feb 2017
Job Level

Whissle is a Dubai based full service boutique Luxury & Lifestyle hospitality company founded by Markus Thesleff and Ramzy Abdul-Majeed, who are the co-founders of:

  • the multi-award winning OKKU Luxury Japanese Restaurant and Lounge
  • Riva Beach Club, a standalone Beach Club
  • Sophies an innovative gastro-cafe
  • CLAW; an American Crabshack Concept in Souk Al Bahar
  • Cielo Sky Lounge & Casa de Tapas, located at Dubai Golf on the Creek

New openings and projects underway:

  • OKKU the Palm
  • CLAW, Doha

The Financial Controller provides direction and guidance in all areas of accounting and finance which includes the preparation of financial reports, credit control, purchasing, data management, food & beverage cost control, relevant external professionals, and the coordination of accounting activities. The Finance Controller must maintain a relationship with relevant government agencies, banks, lawyers, insurers, and brokers, concessionaires, external & internal auditors, tax advisers, contractors and relevant professionals.

Key Areas

  1. Financial and Management Reports           

Ensures timely and accurate preparation of financial and management reports, in compliance with quality, standards, specified objectives, holding company requirements and Founders.

  1. Authorizing Signature                                    

Verifies and signs company documents to ensure proper processing, controls and authorizations.

Ensures that all legal, contractual and licensing documents comply with the legal requirements of the country.

  1. Risk Management

       Reviews potential risk exposures of company for insurance coverage, holding company and legal requirements of   the country.  Consults with insurance brokers on risk evaluation, adequacy and premium competitiveness of insurance policies. Files and follows-up insurance claims. Ensures validity of policy periods and renewals. Settles claims with loss adjusters. Consults legal advisers if necessary. Manages risk exposures of company due to negligence and unforeseeable accidents. Reviews and incorporates disclaimer clauses in contracts, documents and accounting vouchers to limit Company’s liabilities. Ensures back-up of financial, MIS data and records. Implementation of emergency procedures to minimize risks in losses and damages of data, accounts receivables and accounting records due to power failure, computer breakdown and other accidents. Reviews, documents and implements related policies and procedures.

  1. Internal Control System

Ensures compliance of internal control standards specified as per standards and holding company and recommends improvements. Documents and implements policies and procedures to ensure proper internal control in all operational and financial aspects of the company. Verifies all payments to ensure proper justification, documentations, authorizations and account allocations. Reviews accounts receivable, payable, payroll, store, cashiering, F&B cost control, purchasing, credit control and MIS procedures to ensure internal controls are adequate and effective.

  1. Payroll

Supervises the timely preparation of payroll and reports to ensure payments to employees. Approves monthly payroll summary. Approves service charge and tips on bills computation. Approves and authorizes payments relating to legal deductions.

  1. Productivity

Manages the Finance personnel so as to maintain optimum productivity from them. Assesses manpower requirements and introduces cross training. Performs and assists in annual evaluation of Finance staff.

  1. Budget

Organizes, coordinates and plans the company’s annual budgets on time, for review by Founders and holding company. Prepares and coordinates with all units to complete annual Operating Budget, Capital Expenditure Budget and Special Repairs and Maintenance Budget, Cash Flow Budget and Marketing Plan. Maintains work papers in support of budgets. Reviews output for accuracy and reasonableness. Controls and reviews actual performance and expenditures against budgets. Analyzes variances, recommends remedial actions to correct negative variances. Analyses and reports variances in Monthly Financial Report. Participates in P&L monthly review meeting. Monitors, reports and analyses variances from budgets.

  1. Internal and External Audits

Assists internal and external auditors in the completion of their assignments. Prepares financial statements and supporting schedules for audit. Verifies assets and liabilities. Follows up on recommendations to improve internal controls.

  1. Financial Evaluation

Applies financial evaluation techniques to evaluate capital expenditures, investments, pricing strategies, operating projections

For a confidential discussion apply for the role immediately.