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Job Description
- Contribute to the development and implementation of the department's strategic priorities and goals, budget and business planning processes
- Create and implement actionable short to medium term operational plans and budgets with operational KPIs linked to the department strategy
- Manage, monitor and evaluate the department’s on-going performance and the quality of its outputs and services, identifying and initiating actions for improvement and innovation
- Participate in the development of Company-wide Financial system that is appropriate to business needs
- Establish and implement effective Financial policies that adhere to other company’s policies and generally accepted Accounting practices and meet statutory requirements
- Develop annual budget, ensuring funding of all activities, monitor expenditures against approval levels and provide justification for significant variations
- Conduct Budget forecasting activities as input for next year budget and also for mid course correction
- Build strong and solid relations with key banks in territory to get the best financing and facilities rates
- Set in coordination with the management the best achievable Returns On Investment (ROI) for Company projects.
- Define and implement the cost allocation structures for the Company
- Ensure that Company’s purchases and expenses adhere to agreed upon policies and procedures
- Lead and coordinate the annual budgeting process
- Ensure consistency and transparency of the annual budgets presented by all departments
- Manage all existing and future investments of Company
- Prepare the yearly financial statements
- Submit weekly, Monthly, Quarterly and yearly reports to the Management and the Board as per standards and business needs
- Have solid relationship with Company Investors and respond to their clarifications and queries
- Manage and oversee the treasury function in delivering effective liquidity and cash management services as well as management of funds and investment
- Direct, motivate and develop reporting staff to insure that performance is managed and that activities are carried out adequately
- Oversee the accounts payable, accounts receivable and general ledger activities
- Provide an efficient and readily accessible recording system of all accounting data and statistics to meet commercial and statutory requirements
- Oversee the development and implementation of new accounting systems and procedures to meet the changing requirements and the anticipated future needs of the business
- Manage the cash position of the Company to ensure sufficient funds are available in case of contingencies
- Direct the maintenance of fixed asset records, related depreciation accounts, and provide interpretive assistance as to the proper capitalization/expensing of outlays and grouping of fixed assets to ensure consistency in accounting year over year
- Generate commitment, motivation and enthusiasm for the Finance department
- Provide clear direction, prioritize tasks, assign and delegate responsibility and monitor the workflow of the Finance team
Job Requirements
- Bachelor’s degree in Finance from a recognized university
- Master’s degree is preferable
- CMA/CFA certification is preferable
- A minimum of 10 – 14 years experience in Finance/Accounting operations with at least 4 years of relevant work experience in senior position (within Finance domain)
- Knowledge of end to end budgeting and planning systems and business processes
- Experience in Construction and EPC business is preferable
- Hands on experience of MS packages especially Spreadsheets. ERP awareness is an absolute advantage
- Fluent in Arabic and English
