The main objective of this position would be to segregate the financial, operational and administrative requirements from the family business corporation.
Principal Duties & Responsibilities:
Ensuring that the Financial Plan is accurately implemented and duly reviewed and updated. - Providing various periodical reports to include budget variance, cash flow, accounts receivable and accounts payable.
Developing the Family Office annual budget by liaising with the Chairman and Group Executive Director.
Monitoring the budget to ensure tight cash flow control of the underlying investments / Companies
Maintaining accurate financial records.
Recommending to the Chairman any steps necessary to correct budgetary variances during the year so that the budgeted targets can be met
Reporting regularly to the Director / Chairman and ALT on relevant financial matters.
Ensuring that the operations of the Family Office are optimally computerized.
Coordinating with auditors during annual or periodical controls if necessary
Monitoring the work of the underlying entities via their line-management
Reviewing and analyzing feasibility studies and giving recommendation to the chairman
Responsible for all matters related to the operations and administration of the Holding Office.
Sitting on the executive's committees for the underlying entities alongside with the portfolio manager or BDM
Communicating effectively with the relevant stakeholders.
Facilitate the arrangement of Chairman or Holding Office Meetings.
Provide consultancy services on business set up in the UAE for the Chairman
Assist Chairman in various asset acquisitions.
Review and advice regarding service agreements contracts for the Family Holding Office
Liaising with the family Office lawyer with regards to POA or attestation requirements at the notary and any legal matters
Responsible for legal compliance of the Family Holding Office - trade license, etc. Requirements of all the underlying investments / Subsidiaries
University Degree in Business Administration or Finance
Experience in working in a family-run business
Experience in business startup process Skills competencies
Financial advisory skills
Professionalism and ethics
Governance, risk and control
Stakeholder relationship management
Leadership and management
Sustainable management accounting
Financial management- Audit and assurance- Resistant to pressure
Organized- Autonomous experience
Our client is a prominent family group, is looking for a Finance and Administration Candidate for their Family Holding Office working closely with the Chairman.