Assistant FinOps Manager

Department: FinOps

Employment Type: Full Time

Location: UAE

Reporting To: Pratik Rathi

Description

Position Overview:

The Assistant FinOps Manager plays a crucial role in executing, overseeing, and managing the financial operations of an organization. This role involves ensuring the efficient execution of financial processes, supporting product integrations, compliance with regulations, and optimizing financial systems to support the company\'s overall goals. The Assistant FinOps Manager will also lead a team responsible for various financial tasks and collaborate with cross-functional teams to maintain financial integrity.

The Assistant FinOps Manager plays a pivotal role in maintaining the financial health of the organization through effective management of financial processes, systems, and teams. This role requires an analytical thinker who can balance operational excellence with compliance and collaboration across various functions.

Key Responsibilities-

Financial Operation Process:

1. Prepare the merchant payouts and review the daily payouts prepared by the team. Ensure timely and satisfactory processing of settlements/payments to merchants.

2. Manage communication with the merchants. Collaborate with the Business Development team for merchant-related inquiries and reconciliation matters.

3. Managing the relationship with banking partners (account opening, payout matters, charges, API/ tech integration).

4. Prepare the monthly revenue reports for all products, review trends, inquire about the variances, and report to the controllership.

5. Review monthly VAT invoices and other merchant documentation prepared by the team. Also, Perform the monthly revenue share with partners, perform reconciliation with workings by partners and investigate the variances.

6. Support loans receivable functions and collections. Communicate with payment gateway and acquirer partners for daily collections, cost of collections, review related trends, and related reconciliations. Working with the risk team on merchant-level collections analysis.

7. Develop, implement, and improve financial procedures, controls, and processes to enhance operational efficiency and accuracy.

8. Monitor and manage cash flow to optimize working capital and ensure sufficient liquidity.

Financial Reporting:

1. Prepare and analyze financial reports, statements, and forecasts for internal stakeholders and senior management.

2. Ensure compliance with financial reporting standards and regulations.

3. Identify and communicate financial trends, issues, and potential areas for improvement.

Cross-functional Collaboration:

1. Collaborate with other departments, such as Controllership, Sales, and Operations, to support business objectives and resolve financial-related issues.

2. Foster a collaborative and productive work environment that encourages innovation and continuous improvement.

3. Partner with the Tech team to implement and enhance financial systems and tools to streamline processes.

Compliance and Risk Management:

1. Ensure compliance with financial regulations, company policies, and industry best practices.

2. Identify and mitigate financial risks and propose solutions and preventative measures.

Process Optimization:

1. Continuously assess and improve financial systems, workflows, and procedures to enhance efficiency and accuracy.

2. Implement automation solutions where appropriate to streamline repetitive tasks.

Qualifications and Requirements:

a. Bachelor\'s degree in finance, Accounting, Business Administration, or a related field. A master\'s degree or relevant certification (e.g., CMA, CPA) is a plus.

b. Proven experience (3 to 5+ years) in financial operational management, operations, or a related role, with a proven track record of progressively increasing responsibilities.

c. Excellent command of Excel as well as knowledge of data visualization tools.

d. Strong understanding of financial regulations, compliance, and reporting standards.

e. Proficiency in financial software, ERPs, and MS Office; experience with data analysis and visualization tools is beneficial.

f. Excellent leadership and people skills, with the ability to effectively lead and motivate a team.

g. Analytical mindset, diligence, and problem-solving abilities.

h. Effective communication skills to convey complex financial information clearly to non-financial stakeholders.

i. Adaptability to evolving business needs and a challenging environment.

Key Responsibilities

Financial Operation Process:

1. Prepare the merchant payouts and review the daily payouts prepared by the team. Ensure timely and satisfactory processing of settlements/payments to merchants.

2. Manage communication with the merchants. Collaborate with the Business Development team for merchant-related inquiries and reconciliation matters.

3. Managing the relationship with banking partners (account opening, payout matters, charges, API/ tech integration).

4. Prepare the monthly revenue reports for all products, review trends, inquire about the variances, and report to the controllership.

5. Review monthly VAT invoices and other merchant documentation prepared by the team. Also, Perform the monthly revenue share with partners, perform reconciliation with workings by partners and investigate the variances.

6. Support loans receivable functions and collections. Communicate with payment gateway and acquirer partners for daily collections, cost of collections, review related trends, and related reconciliations. Working with the risk team on merchant-level collections analysis.

7. Develop, implement, and improve financial procedures, controls, and processes to enhance operational efficiency and accuracy.

8. Monitor and manage cash flow to optimize working capital and ensure sufficient liquidity.

Financial Reporting:

1. Prepare and analyze financial reports, statements, and forecasts for internal stakeholders and senior management.

2. Ensure compliance with financial reporting standards and regulations.

3. Identify and communicate financial trends, issues, and potential areas for improvement.

Cross-functional Collaboration:

1. Collaborate with other departments, such as Controllership, Sales, and Operations, to support business objectives and resolve financial-related issues.

2. Foster a collaborative and productive work environment that encourages innovation and continuous improvement.

3. Partner with the Tech team to implement and enhance financial systems and tools to streamline processes.

Compliance and Risk Management:

1. Ensure compliance with financial regulations, company policies, and industry best practices.

2. Identify and mitigate financial risks and propose solutions and preventative measures.

Process Optimization:

1. Continuously assess and improve financial systems, workflows, and procedures to enhance efficiency and accuracy.

2. Implement automation solutions where appropriate to streamline repetitive tasks.

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