Employment:
Full Time
The Finance Officer has responsibility for the Firm’s compliance with the applicable Rules in the DFSA’s PIB Module. The Firm holds Category 4 [operating a crowdfunding platform] license from the DFSA.
The responsibilities of the Finance Officer include, but are not limited to, the following:
– Prepare the Firm’s budget and financial projections on an annual basis.
– Ensuring the establishment and maintenance of financial systems and controls, policies and procedures that ensure the Firm’s financial affairs are managed effectively and responsibly.
– Ensure that the Firm has and maintains, at all times, Capital Resources of the kinds and amounts specified in, and calculated in accordance with, the DFSA’s PIB Rules.
– Ensure that the Firm maintains capital and liquid assets (in addition to the Capital Resources as set out above) which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due.
– Ensure that the Firm has, at all times, Capital Resources which exceed the amount of its Capital Requirement.
– Ensure regular monitoring of the Firm’s financial position and notify the Firm’s senior management and the DFSA immediately upon identifying any breach, potential breach or concern in relation to the Firm’s financial position or its compliance with the DFSA PIB Rules.
– Prepare and submit quarterly and annual EPRS reports to the DFSA as per the DFSA’s deadlines.
– Liaise with external auditors as appropriate to ensure the timely completion of audits.
– Ensure compliance with the DFSA’s Principles for Authorised Individuals.
The candidate is required to have extensive experience in independently carrying out the above functions for the firm. The candidate will be expected to carry out the Role of Finance Officer and related support activities for the firm.
The candidate should have past experience in reporting and licensed activities under the DFSA regime.
The candidates will be required to consistently stay updated with all regulatory updates and DFSA laws and regulations.
FracAssets is a Tech Based Distribution Platform that enables Investors to own Fractions of Properties across the Globe. We believe the future of Real Estate is Fractional. We help investors own fractions of pre-vetted properties. Through FracAssets, you can now invest in Fractional Real Estate across Residential, Second Homes, Commercial, Warehouses, Hotels, Senior Living & Co-Living.
Source: Job Posting - gulftalent.com
