Consolidation Manager

Job description / Role

Job Type
Full Time

Job Location
Dubai, UAE

Nationality
Any Nationality

Salary
Not Specified

Gender
Not Specified

Arabic Fluency

Not Specified

Job Function
Accounting & Audit

Company Industry
Audit & Accountancy

Key responsibilities:

Consolidation process management:
Lead the end-to-end consolidation process for the group, including subsidiaries, joint ventures, and associates. Ensure timely and accurate preparation of consolidated financial statements in compliance with IFRS. Review and validate consolidation adjustments, including eliminations of intercompany transactions and balances.

IFRS compliance & financial reporting:
Stay up-to-date with IFRS changes and assess their impact on group reporting. Ensure that all financial reports comply with IFRS requirements, and coordinate with auditors to address and resolve any reporting issues. Prepare and review monthly, quarterly, and annual consolidated financial statements, ensuring accuracy and completeness.

Variance analysis & financial insights:
Conduct variance analysis on consolidated financial statements, identifying key drivers and providing insights for management. Collaborate with FP&A to align financial reporting with budgets, forecasts, and strategic objectives.

Stakeholder engagement:
Work closely with country-level finance teams to ensure consistent reporting standards across all entities. Serve as the point of contact for external auditors regarding consolidation-related matters. Present financial data and insights to senior management, addressing queries and supporting strategic decision-making.

Team leadership & development:

Systems & process improvement:
Identify opportunities to enhance the consolidation process through automation, tools, and best practices. Collaborate with IT and finance systems teams to optimize the use of consolidation software (such as SAP BPC, Hyperion, Oracle FCCS).

Qualifications and skills:

Education:
Chartered Accountant (CA) or equivalent qualification (CPA, ACCA, or CMA).

Experience:
Minimum of 10-12 years of experience in financial consolidation, with a strong background in IFRS-compliant group reporting.

Technical expertise:
In-depth knowledge of IFRS standards, especially those relating to consolidation (e.g., IFRS 10, IFRS 3, and IFRS 12). Experience with consolidation software and ERP systems is highly preferred (e.g., SAP BPC, Hyperion, Oracle FCCS).

Analytical skills:
Excellent analytical skills with the ability to interpret complex financial data and provide actionable insights.

Leadership skills:
Proven ability to lead and mentor a team, fostering a collaborative and high-performance work environment.

Communication skills:
Strong communication and presentation skills, with the ability to convey financial insights to senior management and external stakeholders.

Problem-solving:
Ability to identify issues in consolidation processes and implement effective solutions.