Job Description
Job Title: SVP- Financial accounting and Reporting
Reports to: Group Chief Financial Officer
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Key Responsibilities
Financial Control & Reporting:
- Recommends benchmarks for measuring the financial and operating performance of subsidiaries and review the guidelines / procedures for subsidiaries and corporate financial control ensuring minimization of fraud
- Provides business support on financial analysis and management, adoption of best practices and unified standards of control, business ethics and implementation of corporate strategies to the Group Chief Financial Officer
- Analyses complex financial data, extracting and defining relevant information; interpreting data for the purpose of determining past financial performance and/or to project a financial probability
- Ensures financial support to the other departments in the development of financial strategies and mechanisms
- Assists the management in forecasting and preparing the annual budget and 5-year plans, while tracking revenues and expenses to ensure adherence with approved budget
- Monitors and reviews all capital and operational expenditure within the approved budget
- Monitors and interprets cash flows and predicting future trends to ensure liquidity levels within the facility
- Evaluates financial reporting systems, accounting and collection procedures, and investment activities, and suggests recommendations for changes to procedures, operating systems, budgets, and other financial control functions
- Prepares a yearly transparency report for the shareholders in the general assembly meeting
- Reviews all financial statements on a monthly, quarterly and annual basis, summarizing the performance results for the management / executive committee, parent company and stakeholders.
- Follow – up of all financial records of the subsidiaries, ensuring that are accurately updated and appropriately secured.
Finance Standards and Procedures:
- Coordinates the annual financial audit process and ensures compliance of finance standards and procedures, ensuring financial policies are being adhered to as set out in the corporate financial guidelines.
- Maintains and administers approved accounting practices to ensure that financial statements and reports accurately reflect the status of the relevant accounts and provide reliable information to control operations
- Reviews with external auditor for final approval on the financial statements and reporting Financial Management.
- Maintains collaborative and effective relationships with other key management personnel and keeps abreast of significant economic, social and technical trends, and regulatory guidelines, which may influence assigned functions/services and/or the facility.
Managerial Responsibilities:
- Finalizes the manning needs of the department and obtains requisite approvals
- Manages the team by evaluating the performance of team members, provides feedback on an on-going basis, identifies development needs and coaches them to ensure on-going capability development.
- Identifies training needs and organizes trainings for the department on relevant aspects
- Reviews assignment of staff to Cross Functional Teams (CFT) and, if necessary, revises accordingly
Self-Management:
- Strives to achieve the highest levels of proficiency on all competencies and skills required to perform the role
- Sets performance goals in the beginning of the year after discussion with the line manager and ensures that the goals are achieved.
- Identifies the training and development requirements for self and agrees on them with the line manager to ensure that the required training is arranged and attended
Candidate Profile:
- Bachelor’s degree in finance and accounting with CA or CPA.
- CMA and CFA will be an advantage.
- Requirement open for Arab nationals
- Must have 10 years of experience.
- Must have prior experience in accounts and financial auditing.
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