Group Head - Finance - Textile/Trading/Distribution - CA

Role Overview:

There is an immediate opening for Group Head of Finance based in Dubai.

Reporting to: Group Management / Owner

Key Responsibilities:

• Manage the overall Finance and Accounting function of the company.
• Prepare and monitor budgets, forecasts, cash flow, financial reports, and management accounts.
• Monitor the company's cash flow, working capital, receivables, payables, and inventory.
• Take responsibility for customer collections and closely follow up on overdue payments.
• Work with the Sales Team to set collection targets and ensure the team actively follows up with customers for payment.
• Monitor customer credit limits, outstanding balances, and overdue accounts.
• Manage supplier payments and ensure payments are planned according to cash flow and agreed terms.
• Monitor all costs related to international shipments, including freight, customs, clearance, port, storage, detention, and demurrage charges.
• Identify unnecessary shipment costs and implement measures to reduce demurrage and other avoidable expenses.
• Review shipment costs and ensure they are properly recorded and allocated.
• Manage relationships with banks and financial institutions.
• Manage and monitor bank loans, overdrafts, credit facilities, Letters of Credit (LCs), guarantees, and trade finance facilities.
• Support management in negotiating better banking facilities, payment terms, and financing costs.
• Monitor bank facility limits, repayments, interest, and renewal requirements.
• Prepare and manage sales commissions and incentive calculations in line with company policies.
• Ensure compliance with applicable UAE laws, VAT, Corporate Tax, banking, and financial regulations.
• Coordinate with external auditors, tax consultants, banks, and other professional advisers.
• Review company expenses and identify opportunities for cost reduction and improved efficiency.
• Provide management with clear financial analysis and recommendations for business decisions.
• Work closely with Sales, Procurement, Logistics, Warehouse, and Management to improve financial performance.
• Lead and manage the Finance Team and ensure accurate and timely completion of financial activities.
• Manage and monitor the business owner's personal banking and financial transactions, including reconciliations, payments, transfers, and other financial requirements, with the highest level of confidentiality and discretion.
• Support management with financial planning, business expansion, and other strategic initiatives.

Qualifications & Experience:

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
• CA, ACCA, CPA, CMA, or equivalent qualification is preferred.
• Minimum 10 years of relevant finance experience, preferably in a senior finance position.
• Experience in textile, trading, wholesale, distribution, import/export, or similar businesses is highly preferred.
• Strong practical experience in customer collections, cash flow, working capital, and cost control.
• Good understanding of international shipments, import costs, freight, customs, port charges, demurrage, and detention.
• Strong experience dealing with UAE banks, loans, credit facilities, LCs, guarantees, and trade finance.
• Good knowledge of UAE financial regulations, VAT, and Corporate Tax.
• Strong Excel and ERP/accounting system skills.
• Excellent communication, negotiation, analytical, and leadership skills.
• Strong ability to work with and hold Sales and other departments accountable for financial targets.
• High level of confidentiality, integrity, and discretion, particularly when handling sensitive company and owner's financial information.
• Ability to work in a fast-paced trading environment and manage multiple priorities.

Key Performance Areas:

The Finance Director will be expected to focus on:

• Improving customer collections and reducing overdue balances.
• Improving cash flow and working capital.
• Reducing demurrage and unnecessary shipment expenses.
• Controlling company expenses.
• Managing banking facilities and financing costs effectively.
• Improving financial reporting and management information.
• Supporting the Sales Team in achieving collection targets.
• Ensuring strong financial controls and regulatory compliance.

Contact: +919811967450