Director, Financial Planning & Reporting

About the job Director, Financial Planning & Reporting
Purpose of the job
* Managing Financial Planning (short and long range) with the objectives of overseeing all financial aspects of the business and drive the company's financial strategy and planning.
* Assessing the financial performance of the company as well as possible risks and investments.
* Works closely with the management team to ensure financial objectives are met and corrective actions are taken in case of deviation.
* Lead the business planning process through design, preparation, and regular update of the company strategic and business plan.
* Financial assessment for key strategic projects highlighting key opportunities and risks.
* Monitor competition performance through quarterly benchmarking report and analysis
* Perform costing and profitability analysis.
* Design, develop and maintain reporting mechanism to ensure accurate and timely KPIs reporting to the organization.
Duties and responsibilities
Budgeting
* Initiate and facilitate the budgeting process.
* Prepare budget with the different business units, identify risks/opportunities and propose corrective actions.
* Ensure that overall company budget confines with the overall corporate strategy.
* Monthly assessment of the achievement of the company budget with the CFO and accounting team through in depth gap analysis.
* Monitor the progression Vs. budget, analyze variances and propose corrective actions.
* Analyze the various financial reports and update the CFO on risk areas and red lights.
* Ensure the development of a monthly reforecast for the whole year in order to measure Actual Vs Budget figures.
* Ensure a weekly projection of the month landing is done on Revenue, EBITDA and CAPEX.
* Develop quarterly presentations to the BoD on financial results and/or semiannual budgets.
* Manage the whole process of monthly conference calls with the shareholders ensuring all required information is available.
Business Planning
* Plan and facilitate the organizations financial strategy development and formulation.
* Stay current on developments in telecom industry dynamics; anticipate changes and their corresponding impact on the organization and its financials.
* Transform the strategic plan into financial plan.
* Develop the revenues forecast for the strategic plan, taking into account market dynamics and potential.
* Manage the business plan exercise within Budgeting, Financial Planning and Decision Support ensuring a full consistency with budget and actuals.
* Produce the business plan cashflows, identify financing requirements and propose means of financing.
* A key team member in any potential source of financing through debt/equity i.e. Initial Public Offerings, shareholders capital increases, bonds and debts.
* Lead the business planning cycle, prepare for group submission and prepare the Group review documents.
Strategic Business Cases
* For significant investments, produce on-demand business plans/cases with its related feasibility studies, scenario analysis and their impact on the Company's business plan.
* Assess profitability issues using typical valuation tools.
* Align analysis with operational departments when needed.
Competitive Analysis
* Track industry and competitive trends.
* Performs regular quarterly comparison of performance Vs. competition.
* Highlights key performance gaps Vs. competition and possible business reasons.
* Produce to the executive team, board and the Group quarterly competitive analysis.
Corporate Reporting
* Main source of KPIs within the company, in charge of ensuring that all reporting is done in compliance with the agreed upon definitions.
* Design, implement and maintain a process to capture the company KPIs.
* Work closely with IT to make sure that the company KPIs are accurately reported and new services are well captured.
* Lead the process of reporting periodically KPIs to the executive team, different teams across the organization, external stakeholders and to the Group.
* Periodic and ad-hoc analysis for the main KPIs.
People Management
* Lead three teams who perform budgeting, strategic financial planning and corporate reporting.
* Set development and succession plans.
* Conduct performance appraisals for the teams
Years of experience
* Minimum ‎15 years in the same field