Finance Manager

Company Description

The Valens Clinic, located in Dubai, is a premier mental health center committed to providing a personalized and tailored wellness experience. Offering a wide range of specialties, including psychiatry, psychology, nutrition, speech therapy, special education, and dietetics, the clinic serves individuals of all age groups. Guided by the principles of Health, Hope, and Harmony, its qualified clinicians and dedicated support staff ensure a focus on expertise, quality, and comfort. The clinic's mission, inspired by the Latin word "Valens" meaning strong, vigorous, and healthy, is to help individuals, couples, families, and groups achieve recovery and beyond.

Role Description

This is a full-time on-site role for a Finance Manager at The Valens Clinic, located in Dubai. The Finance Manager will oversee financial planning, budgeting, and forecasting, ensuring effective management of resources. Duties include preparing financial reports, maintaining records, ensuring compliance with local regulations, and developing strategies to improve financial health. The role also involves liaising with other departments to optimize cost efficiency and providing regular financial analysis to aid decision-making.

• Maintain the general ledger accounting, ensuring accuracy and completeness of all financial transactions in accounting software QuickBooks.
• Manage accounts payable processes, including invoice processing, payment approvals, and vendor reconciliations.
• Manage accounts receivable processes, including invoicing, collections, and customer account reconciliations.
• Payroll processing, ensuring timely and accurate payment of salaries and benefits.
• Ensure compliance with all relevant labor laws and regulations.
• Prepare monthly clinician commission working statements and send invoices for confirmation.
• Process monthly revenue commission payout before due date.
• Prepare and file VAT returns, ensuring accuracy and timeliness.
• Ensure compliance with all applicable tax regulations, including VAT refund and corporate tax.
• Perform regular reconciliation of accounts receivable from customers, ensuring accuracy and completeness.
• Reconcile payments received with billed amounts, identifying and addressing any discrepancies.
• Maintain detailed records of all transactions and communications with customers
• Maintain a log of all collection activities and follow up on overdue accounts.
• Prepare and present detailed reports on accounts receivable, including aging reports and collection status.
• Perform regular bank reconciliations to ensure accuracy of cash balances and identify discrepancies.
• Conduct monthly, quarterly, and annual closing processes, ensuring timely and accurate reporting.
• Any adhoc financial report required by the management.
• Handling general & administration tasks.
• Prepare and present financial statements, including profit and loss statements, balance sheets, and cash flow statements.
• Ensure financial statements are prepared in accordance with international financial reporting standards (IFRS) and local regulations.
• Coordinate and manage external audits, ensuring timely completion and resolution of audit findings.
• Analyze financial data to identify trends, variances, and opportunities for cost reduction.
• Prepare comprehensive financial reports for senior management, including profit and loss statements and cash flow statements.
• Provide financial insights and recommendations to support strategic decision-making.
• Forecast financial outcomes based on historical data, trends, and organizational goals.
• Ensure compliance with all relevant financial regulations and standards in the UAE.

Qualifications

• Expertise in Financial Planning, Budgeting, and Forecasting.
• Proficiency in Financial Reporting, Analysis, and Cost Optimization.
• Strong understanding of Accounting Principles, Taxation, and Compliance regulations in the UAE.
• Proficient in the use of financial software and tools such as ERP systems and advanced Excel functions.
• Proven leadership and team management experience, with excellent communication and organizational skills.
• Strong problem-solving abilities and experience in developing innovative financial strategies.
• Bachelor’s degree in Finance, Accounting, or a related field (CPA or CFA certification is a plus).
• Previous experience in the healthcare industry is highly advantageous.
• Ability to work on-site in Dubai with a commitment to the clinic’s mission and values.