Job Description
The role is responsible to lead and manage the Financial Planning and Analysis function (Financial planning, budgeting, forecasting, business performance management and MIS reporting), compliance with IFRS, VAT, Corporate Tax and other local laws compliance within the respective BUs, ensuring that all financial strategies and plans are aligned with the Company's overall objectives.
Responsibilities
STRATEGIC
- Maintain an effective internal controls and audit function. Ensure compliance with policies and procedures.
- Liaise directly with external partners, including internal and external auditors, and vendors.
- Conduct meaningful analysis that meets the requirements and provides the stakeholders with deeper insights into the decision's impact on key performance indicators.
- Develop comprehensive dashboards and reporting frameworks that provide senior leadership with a clear view of business performance and strategic alignment.
- Contribute to the development of financial strategies for the BU that align with the Group's overall vision and its current and long-term business objectives.
- Support investment and disinvestment proposals by providing critical analysis, enabling informed decision-making that optimizes capital allocation across different portfolios.
- Work closely with EVP Finance to support M&A/divestment/Expansion/diversification and corporate strategy development activities in the Group.
- Support systems implementation and functional transformation initiatives across the BU.
- Work in close coordination with fleet, procurement & operations to share insights and enhance FP&A with real value-add outputs.
- Leveraging advanced technologies and data analytics to support financial planning and analysis.
OPERATIONAL
- Collaborate with BU teams regarding project feasibility studies and development planning.
- Support LT planning, budgeting, and forecasting processes in the BU, within the respective frameworks set out by the Group FP&A.
- Lead the MIS reporting and management statutory reporting for the BUs in compliance with IFRS.
- Ensure that the Group accounting policies and procedures comply with relevant regulations, laws, IAS, Taxation and IFRS.
- Develop, implement, and maintain an effective planning and analysis capability that will provide senior leadership with appropriate analytical tools to support business decisions.
- Partner with business unit leaders and senior management team to translate financial insights into strategic actions that boost performance, optimize profitability, and support the achievement of corporate growth targets.
- Maintain a strong focus on financial integrity and accuracy in all reports and analyses.
- Collaborate with IT and other relevant stakeholders regarding the roll out of technology tools that impact FP&A remit.
- Manage the most complex, large, or difficult analysis projects; evaluate findings, prepare reports, and make recommendations to senior management about the financial implications of proposed investments and transactions.
- Establish and maintain positive, ongoing relationships with the stakeholders.
- Manage timely completion of internal and External audits.
PEOPLE MANAGEMENT
- Lead, direct, evaluate, and develop a fit-for-purpose team of financial professionals to ensure financial planning and analysis projects are conducted credibly and that recommendations and reports are accurate and timely.
- Interact with all team members, assess their skill sets and support EVP Finance in centralizing the shared services within Finance department.
- Support EVP Finance in identifying process/functions for outsourcing/centralization to support the Group initiative of processes outsourcing.
Qualifications
EDUCATION & TECHNICAL CERTIFICATIONS
- Bachelor's degree in accounting & finance
- Qualified CA / ACCA / CPA / MBA (Finance) with sound understanding of financial management / management accounting and IFRS standards.
KNOWLEDGE & SKILL
- Financial planning
- Strategic planning, budgeting, forecasting; financial analysis and modelling
- Financial analysis and modelling (i.e., budgeting, business case analysis, advanced analytics)
- Conducting development projects feasibility study, DCF / cost of capital modelling etc. funding and project cash flow preparation and monitoring
- Excellent technical know-how of IFRS, IAS, ISA, VAT, Corporate Tax and other local laws and regulation
- VAT, Corporate Tax and other local laws and regulations compliance.
- Strong business acumen and end to end understanding of the BU value chain.
- Strong critical thinking and strategy development skills
- Effective communication and presentation skills
- Ability to interact with senior leadership of an organization.
- Ability to lead, inspire and motivate teams.
- Excellent systems expertise: prior experience with Microsoft Dynamics, Oracle Hyperion is highly preferred.
Experience
15 years of total work experience with 10 years of experience in a senior FP&A role leading a team of total work experience with 3 years of experience in a FP&A role
Experience in the Middle East, working with large corporate organizations.
Experience in Transformation / Automation Projects
Good working experience of ERP/system implementations.
