3. Hierarchy in finance in the UAE
Chief Financial Officer (CFO)
Finance Directors/Heads
Finance Managers
Accountants/Analysts
Finance Associates/Assistants
4. Chief
Financia
l Officer
(CFO)
• Financial Reporting and Analysis
• Financial Risk Management
• Capital Management and
Financing
• Treasury Management
• Financial Strategy and
Planning
1
2
3
4
5
The Chief Financial Officer (CFO) is a senior executive in an organization who holds a crucial role in
5. • Financial Compliance
and Governance
• Strategic
Decision-Making
• Investor Relations
• Coordinating with
owner/director/partner
in company affairs
6 7
8 9
6. Salary Package for CFO
1.Entry-Level or Small-Mid Sized Companies: For individuals with
less experience or working in small to mid-sized companies, the salary
range for Finance Directors/Heads in the UAE can range from AED
30,000 to AED 40,000 per month.
2.Mid-Level or Medium-Large Sized Companies: For those with
several years of experience and working in medium to large-sized
companies, the salary range for Finance Directors/Heads in the UAE can
range from AED 40,000 to AED 70,000 per month.
3.Senior-Level or Multinational Companies: Finance Directors/Heads
with extensive experience, working in senior-level positions, or employed
by multinational companies can command higher salaries. The salary
range for such individuals in the UAE can vary from AED 70,000 to AED
150,000 per month or even higher.
7. Functions & Duties of Finance
Directors/Heads
• Financial Planning and Strategy
• Budgeting and Forecasting
• Financial Reporting and Analysis
• Financial Controls and Compliance
• Cash Flow Management and Treasury
• Financial Risk Management
• Financial Performance Evaluation
• Stakeholder Management
• Team Leadership and Development
• Strategic Projects and Initiatives
Finance Directors/Heads in the United
Arab Emirates (UAE) hold important
positions within organizations,
overseeing specific finance functions
and contributing to the overall financial
management of the company. While
specific roles and duties may vary
depending on the organization and
industry, here are some common
responsibilities of Finance
Directors/Heads in the UAE.
8. Salary Package for Finance Directors/Heads
1.Entry-Level or Small-Mid Sized Companies: For individuals with
less experience or working in small to mid-sized companies, the salary
range for Finance Directors/Heads in the UAE can range from AED
20,000 to AED 30,000 per month.
2.Mid-Level or Medium-Large Sized Companies: For those with
several years of experience and working in medium to large-sized
companies, the salary range for Finance Directors/Heads in the UAE can
range from AED 30,000 to AED 50,000 per month.
3.Senior-Level or Multinational Companies: Finance Directors/Heads
with extensive experience, working in senior-level positions, or employed
by multinational companies can command higher salaries. The salary
range for such individuals in the UAE can vary from AED 50,000 to AED
100,000 per month or even higher.
9. Finance Managers
Finance Managers in the United Arab Emirates (UAE) hold vital
roles in organizations, responsible for managing the day-to-day
financial operations and providing financial guidance to support
business decision-making. While specific roles and duties may
vary depending on the organization and industry, here are some
common responsibilities of Finance Managers in the UAE.
10. Functions & Duties of Finance Managers
1. Financial Planning and Analysis
2. Financial Reporting
3. Budget Management
4. Financial Control and Compliance
5. Cash Flow Management
6. Financial Analysis and Decision Support
7. Financial Systems and Processes
8. Team Management and Development
9. Stakeholder Communication
10. Compliance and Audit Support
These roles and duties of Finance Managers in the UAE reflect their critical contributions in
managing financial operations, supporting decision-making, and ensuring financial control and
11. Salary Package for Finance Managers
1.Entry-Level or Small-Mid Sized Companies: For individuals with less
experience or working in small to mid-sized companies, the salary range for
Finance Directors/Heads in the UAE can range from AED 15,000 to AED
25,000 per month.
2.Mid-Level or Medium-Large Sized Companies: For those with several
years of experience and working in medium to large-sized companies, the
salary range for Finance Directors/Heads in the UAE can range from AED
25,000 to AED 40,000 per month.
3.Senior-Level or Multinational Companies: Finance Directors/Heads with
extensive experience, working in senior-level positions, or employed by
multinational companies can command higher salaries. The salary range for
such individuals in the UAE can vary from AED 40,000 to AED 90,000 per
month or even higher.
It's important to note that these figures are approximate and can vary based on various factors.
Other elements such as bonuses, incentives, benefits, and allowances (housing, transportation,
healthcare, etc.) may also contribute to the overall compensation package.
12. General Accountant
Accountants/Analysts in the United Arab Emirates (UAE) play critical roles in managing financial
transactions, preparing financial statements, conducting analysis, and providing financial
insights. Their duties may vary depending on the organization and industry.
13. Functions & Duties of General Accountants
1. Financial Recording and Reporting
2. Financial Analysis
3. Budgeting and Forecasting
4. Financial Control and Compliance
5. General Ledger Management
6. VAT Compliance
7. Financial Systems and Tools
8. Financial Documentation and Analysis
9. Financial Risk Assessment
10. Communication and Collaboration
11. WPS Salary & Payroll
12. Leave Salary & Annual Leave Settlement
These roles and duties of Accountants/Analysts in the UAE highlight their responsibilities in financial
recording, analysis, reporting, and compliance. Their contributions are vital for maintaining accurate
financial records, providing insights for decision-making, and ensuring compliance with financial
regulations and standards.
14. Salary Package for General Accountant
1.Entry-Level or Small-Mid Sized Companies: For individuals with
less experience or working in small to mid-sized companies, the salary
range for Finance Directors/Heads in the UAE can range from AED
12,000 to AED 18,000 per month.
2.Mid-Level or Medium-Large Sized Companies: For those with
several years of experience and working in medium to large-sized
companies, the salary range for Finance Directors/Heads in the UAE can
range from AED 18,000 to AED 30,000 per month.
3.Senior-Level or Multinational Companies: Finance Directors/Heads
with extensive experience, working in senior-level positions, or employed
by multinational companies can command higher salaries. The salary
range for such individuals in the UAE can vary from AED 30,000 to AED
50,000 per month or even higher.
15. Assistant/Junior Accountant
Junior Accountants in the United Arab Emirates (UAE) typically hold entry-level positions within the
finance department of an organization. They perform a range of tasks to support financial operations and
ensure accurate recording of financial transactions.
16. Roles and duties of Assistant/Junior
Accountant
1. Financial Recording
2. Accounts Payable
3. Accounts Receivable
4. Bank Reconciliation
5. Expense Reporting
6. Financial Reporting Support
7. Assist in Audits
8. Record Maintenance
9. Data Analysis
10. Compliance and Internal Controls
It's important to note that the specific roles and duties of Junior Accountants may vary depending on the
organization, industry, and level of responsibility assigned. Junior Accountants often work under the
guidance of more experienced accountants or supervisors while developing their skills and gaining
17. Salary Package for Jr. Accountants
1.Entry-Level or Small-Mid Sized Companies: For individuals with less
experience or working in small to mid-sized companies, the salary range for
Finance Directors/Heads in the UAE can range from AED 7,000 to AED
10,000 per month.
2.Mid-Level or Medium-Large Sized Companies: For those with several
years of experience and working in medium to large-sized companies, the salary
range for Finance Directors/Heads in the UAE can range from AED 10,000 to
AED 15,000 per month.
3.Senior-Level or Multinational Companies: Finance Directors/Heads with
extensive experience, working in senior-level positions, or employed by
multinational companies can command higher salaries. The salary range for such
individuals in the UAE can vary from AED 15,000 to AED 30,000 per month
or even higher.
It's important to note that these figures are approximate and can vary based on various factors. Other
elements such as bonuses, incentives, benefits, and allowances (housing, transportation, healthcare,
etc.) may also contribute to the overall compensation package.