Vice President - Finance Operations Space42

Overview

Space42 is a UAE-based AI-powered SpaceTech company that integrates satellite communications, geospatial analytics and artificial intelligence capabilities to enlighten the Earth from space. Established in 2024 following the successful merger between Bayanat and Yahsat, Space42’s global reach allows it to address the rapidly evolving needs of its customers in governments, enterprises, and communities.

Our vision is to pioneer beyond today for humanity to experience a better tomorrow. Space42 challenges traditional approaches with advanced AI and cutting-edge satellite technology, making space more accessible and redefining how data from space can be used on Earth. We aim to achieve this by connecting people to rewire potential, informing decisions to reimagine impact and enabling action to redefine tomorrow.

For more information visit: www.space42.ai, follow us on X and Instagram @Space42ai

ROLE PURPOSE

Lead the finance operations to deliver high quality financial management services to the Group, with focus on cash generation, process efficiency, compliance and risk management..

Responsibilities

• Lead finance operations which includes seven distinct functions, namely, Procurement, Payables, Receivables, Credit & Collections, Revenue assurance, Financial controls and Taxation
• Lead the credit risk management and receivables collection strategy focussing on cash generation, early warnings and adequate provisioning of collection risks by constant engagement with key government and commercial customers, finding repatriation solutions tapping the government-togovernment channels
• Lead the procurement strategy, governance, policy administration and supplier management ensuring a transparent and fair selection and award process, enforcing compliance to procurement policies, and business partner code of ethics delivering ‘value-for-money’
• Lead the payables function ensuring simplified processes, an appropriate level of automation with scalability to meet organic growth in volumes, and strong internal control environment to deliver efficient, on-time, safe and secure payments to suppliers Lead the revenue assurance strategy for the group, with specific focus on mobility and data solutions segment to prevent and detect revenue leakages, and maintain a robust process that assures the revenue recorded in the books
• Lead the group direct and indirect tax strategy delivering an optimum tax structure to achieve minimum tax outlay and 100% compliance
• Lead the banking operations to ensure efficient funds planning, funds management and a gainful deployment of surplus funds, at minimum costs to the group
• Maintain strong relationships with external stakeholders (including government customers, commercial customers, suppliers, government authorities, tax authorities, UAE ambassadors in foreign countries, banks) and internal stakeholders (Chiefs, Business heads, departments) to deliver high-quality financial services
• Manage a large team of direct and indirect reportees laying out an efficient organisation structure that allows for sharing of resources, setting clear objectives and job responsibilities and emphasis on constant learning and development
• Present to the Chiefs, Audit committee and the Board regular updates on finance operation matters
  
  

Technical Competencies

TECHNICAL COMPETENCIES

• Financial Accounting Involves performing end-to-end record-to-report accounting activities aligned with general accounting practices and IFRS at a Foundation level.
• Budgets Involves executing budgeting and related accounting activities in accordance with recognized local and international standards at an Intermediate level.
• Financial Analysis and Reporting Involves analyzing, reviewing, and reconciling financial data and preparing both IFRS-compliant external reports and internal management reports at an Advanced level.
• Financial Information Management Systems Involves identifying, using, maintaining, and managing financial/ERP systems with strong internal controls at an Expert level.
• Financial Resources Management Involves identifying, securing, allocating, and overseeing financial resources to support organizational strategic objectives at an Expert level.
• Financial Risk Management and Internal Control Involves identifying, assessing, mitigating, and managing financial risks, including reviewing contracts and applying COSO/ICOFR standards at an Expert level.
• Finance Operations Involves executing routine finance activities such as transaction processing, revenue assurance, supplier and key account management, AP/AR, reconciliations, insurance, and VAT compliance at an Intermediate level.
  
  

Qualification

• Professional qualification (MBA, ACA, CPA, ACCA etc)
• Experience of at least 10 years managing a large finance team in finance operations
• Experience of at least 5 years managing a large portfolio of receivables ($100m+) and related credit risks
• Strong leadership and communication with the ability to building strong relationships with people (internal and external stakeholders) with an enhanced ability to influence, problem-solving and a solution focussed mindset
• Experience of at least 3-5 years working in large telco billing systems and a good understanding of revenue assurance
• Experience working in an automated environment particularly ERP systems (Oracle, SAP or similar)
• Experience in financial diligence on commercial contracts
  
  

What Makes a Great Fit

If you are performance-driven and possess an inquisitive mind with the agility to navigate ambiguity, you will thrive here.

At the heart of the Space42 community is a bias for action and a passion for developing innovative, efficient space services through AI-driven smart solutions that drive technological advancements and create a better tomorrow.

---