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Head of Finance - Aurem Wealth Solutions



Accounting & Finance
United Arab Emirates
Posted on Tuesday, October 24, 2023

Our Mission

Connecting businesses and their people to financial services that make life easier. We're reimagining the world of work - enabling businesses to offer benefits without borders so their people can get a lifetime of value from them.

Our Vision

A world where everyone gets a lifetime of value from their money. We believe that the best place to start that journey is at work by maximizing the value people get from their income by connecting them to products and services that make their life easier.

What is Aurem?

Aurem is an employee benefits platform for global teams. We provide access to core corporate products such as pensions, savings and incentive plans, as well as personal value-add products such as multi-currency accounts, travel and lifestyle benefits.

Role Overview:

Joining us as a Finance Manager, you'll be immersed in a dynamic fintech startup environment. We expect you to have a robust foundation in finance and accounting, particularly in transaction processing, monthly closings, project cost allocation, and VAT submissions. With your expertise, you'll spearhead the audit processes, enforce a controlled environment, and architect the finance and accounting framework, ideally drawing from your experience in financial services, ideally within fund management, Private Banking or trust office operations.

Key Responsibilities:

  • Strategic Leadership:
    • Develop, implement, and refine the company's financial strategy aligned with its overarching goals.
    • Collaborate with the founders, board members, and other senior leaders on setting long-term financial goals and operational budgets.
    • Provide strategic financial insights to guide decision-making and growth.
  • Financial Planning, Forecasting, and Strategy:
    • Lead the financial planning and analysis function to drive business insight, advise on investment prioritization, and ensure strategic alignment.
    • Drive the company’s long-term financial planning, including scenarios and contingency planning.
  • Financial Reporting and Analysis:
    • Direct the preparation of all financial statements and reports.
    • Provide accurate and comprehensive financial information to executive management for long-term financial strategizing.
  • Financial Accounting & Cashflow:
    • Tackle intricate accounting challenges under IFRS, entailing the drafting of detailed accounting papers.
    • Supervise accounts payable and receivable operations, ensuring prompt and precise transactional processes and reviews.
    • Steer cash flow forecasts and budgeting procedures.
  • Internal Controls, Compliance, and Payroll Management:
    • Develop and enforce internal controls, procedures, and policies to ensure compliance and safeguarding of company assets.
    • Oversee the payroll function to ensure timely and accurate compensation to employees.
    • Guarantee compliance with local, state, and federal budgetary and financial reporting requirements.
  • Cash, Risk, and Capital Management:
    • Determine the company's capital structure, ensuring a balance between debt and internal financing.
    • Develop strategies to mitigate financial risk.
  • Team Leadership and Development:
    • Set up the finance team structure according to the needs and strategic plan
    • Mentor and develop the finance team, managing work allocation, training, problem resolution, performance evaluation, and building of an effective team dynamic.
  • Support on Stakeholder and Investor Relations:
    • Support relationships with external partners, stakeholders, and investors.
    • Represent the company to banks, financial partners, institutions, auditors, and the public.
  • Tax and Audit:
    • Coordinate activities with external auditors and oversee the audit process.
    • Ensure the company's tax compliance (VAT registration, declaration) and strategize to optimize tax liabilities
    • Oversee corporate tax implementations as necessary.
  • Strategic Process & Cost Management:
    • Continuously scout for avenues for process enhancements and efficiencies.
    • Implement strategies for efficient cost management and profitability growth.
    • Analyze complex business scenarios and guide the business on pricing, margins, and investments to achieve financial goals.
  • Financial and compliance functions:
    • Monitor and analyze the performance of proprietary, third-party funds, and trusts, ensuring alignment with projections and regulatory compliance. Liaise with external fund managers to ensure optimal performance and reporting.
    • Ensure all fund and trust operations adhere to local and international regulations, implementing a robust risk management framework to identify and mitigate potential threats.
    • Spearhead the smooth and efficient operation of fund administration and trust office activities, emphasizing best practices, due diligence on investment products, and industry standards.
    • Facilitate clear reporting on the financial status of funds and trusts, ensuring timely communication with clients, beneficiaries, and other relevant stakeholders.

Requirements and Qualifications:

  • Bachelor's degree in Finance, Accounting, or a related field. MBA, CPA, or equivalent qualification is advantageous.
  • Demonstrated proficiency in implementing accounting systems, charts of accounts, and reporting structures.
  • Comprehensive experience in devising policies and procedures.
  • Aptitude in preparing financial reports, inclusive of consolidations.
  • An agile player in fast-paced, venture-driven environments.
  • Acumen in resolving intricate accounting issues under IFRS, with a knack for drafting comprehensive accounting papers.
  • Expertise in forecasting cash flows and budgeting.
  • Stellar communication, leadership, and people skills.
  • Rigorous attention to detail coupled with sharp analytical prowess.
  • Exceptional problem-solving and decision-making capabilities.
  • Familiarity with pertinent accounting software and systems.
  • Experience in fintech, especially in financial services, wealth management, trust office operations, fund management, or private banking.

Why join us?

  • People first company culture: We hire people we trust and give team members autonomy to do their best work.
  • Professional growth: We have a highly dynamic and energetic environment with a lot of growth opportunities. We support professional development with training, coaching, and regular feedback.
  • Comprehensive benefits: We offer competitive pay along with extensive health insurance (including dental & vision) for onsite team members. We also provide Apple products for your daily work.
  • Hybrid , Abu Dhabi Office

Why you shouldn’t apply

Should your qualifications and experience not align closely with the outlined requirements, or if you are unable to embark on an entrepreneurial journey within the coming month, this position may not be a suitable match.