SVP- Financial accounting and Reporting

Job Description

Job Title : SVP- Financial accounting and Reporting
Reports to: Group Chief Financial Officer
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.