Chief Specialist

As a Chief Specialist in Financial Operations & Treasury, you will be lead the day-to-day execution and coordination of Parkin's financial operations and treasury activities — spanning cash and liquidity management, banking and payments, accounts receivable and payable, general ledger support, fixed asset and project accounting, and tax/VAT compliance — ensuring all transactions are accurately recorded, properly controlled, and compliant with Parkin's Finance Policies & Procedures, the Accounting Policies Manual (IFRS), the Financial Delegation of Authority (DOA), and applicable UAE regulatory requirements. The role supervises a small team of specialists and supports the Manager – Financial Operations & Treasury in safeguarding the integrity of financial operations and the continued availability of funds.

KEY ACCOUNTABILITIES & DECISION-MAKING:

Treasury, Cash & Liquidity

·       Manage Parkin's liquidity and oversee cash inflow / outflow forecasts to ensure the continued availability of funds.

·       Review and consolidate cash flow forecast reports and the short-term cash position.

·       Oversee bank reconciliations to ensure they are completed accurately and on time.

·       Manage banking relationships and coordinate bank account opening, modification and closure in accordance with the Financial DOA and Bank Mandate.

·       Maintain an updated register of bank accounts, authorized signatories, fees, charges and facilities.

·       Review bank guarantees (BGs) issued and received and maintain the BG register.

·       Support debt and working-capital funding: prepare the borrowing business case and sensitivity analysis, and assist in negotiating terms in consultation with the Manager and CFO, as per DOA.

Payments, Cards & Petty Cash

·       Oversee payment processing and collections, ensuring approvals are obtained within DOA thresholds.

·       Review corporate credit card issuance, monthly reconciliations and expense entries.

·       Review petty cash registers, replenishments and reconciliations, and ensure entries are posted.

·       Oversee disbursement of monthly payroll, staff benefits, terminal end benefits, and employee advances / reimbursements.

Accounts Receivable & Payable

·       Oversee AR activities: invoicing, receipts, ageing analysis, adjustments / refunds, credit notes and revenue recognition in line with IFRS 15.

·       Oversee AP activities: 3-way matching (PO / GRN / invoice), invoice validation, and payment within agreed terms.

·       Ensure AR and AP sub-ledgers are reconciled to the general ledger on a monthly basis.

·       Review off-system calculations for assurance before processing.

General Ledger, Fixed Assets & Projects

·       Support GL transaction processing, journal entries and period-end closing in coordination with Financial Reporting.

·       Maintain a complete and up-to-date Fixed Asset Register (FAR), including additions, disposals, transfers, depreciation, impairment / revaluation and physical verification.

·       Support project accounting: creation of Work Breakdown Structures (WBS), project code opening / closing, and assignment of budgets and timelines.

Tax & Regulatory Compliance

·       Oversee preparation and timely filing of VAT returns on the FTA VAT Portal.

·       Ensure financial transactions are recorded on an accrual basis and in compliance with IFRS and the Accounting Policies Manual.

·       Ensure compliance with applicable UAE regulatory laws and rules for financial and tax reporting.

Controls, Governance & People

·       Ensure effective internal controls are in place and that all transactions are properly recorded, filed and reported.

·       Operate within the Financial DOA, escalating items for approval as required.

·       Liaise with internal and external auditors, Legal & Compliance, and regulatory agencies.

Supervise, guide and develop direct reportes, and recommend changes to relevant policies and procedures.

EDUCATION:

Bachelor's degree in Finance, Accounting or a related field. A professional qualification (e.g., CA, ACCA, CPA, CMA or CTP) is preferred.

•  Treasury operations

   

• Cash flow management

• Financial planning & forecasting 

• Banking relationships 

• Risk management & compliance 

• Financial reporting

•       Team leadership