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Financial Planning & Reporting Manager Job

Requisition Id:  14844
Country/Region:  QA
Department:  Business & Financial Reporting
Category:  General: Established Indefinite
City: 

Job Title: Financial Planning & Reporting Manager

 

Job Summary and Purpose
Manage all related financial planning & reporting activities such as developing financial models / tools, constructing reporting infrastructure and creating financial planning process to ensure the successful implementation of Nakilat, its JV and subsidiary organizations plans for future growth. This role will also be responsible for supporting top management by providing critical analysis and insights to create impact at a strategical level. 

 

Accountabilities
Strategic Accountabilities:

1. Contribute to the formulation of the divisional strategy in alignment with Nakilat strategy and support its implementation. 
2. Participate in translating the divisional strategy into annual financial business plans, and ensure their implementation, as well as follow up their progress, and take corrective actions as needed.

 

Key Accountabilities:

Financial Planning & Reporting
3. Lead the budgeting process and the preparation of the financial statements of Nakilat and its joint ventures.
4. Develop appropriate templates to be utilized in preparing budgets by respective divisions, along with the Budgeting deadlines and ensure compliance and management of the process.
5. Critically examine budget estimates received from respective divisions, joint venture partnerships etc. for correctness, completeness and conformance with established procedures, regulations, and organizational objectives.
6. Oversee analysis of previous budgets, analyze actual results to budgets and forecasts, in comparison with previous reporting periods for variance in revenue and expenses and factors contributing to variation.
7. Monitor the approved budget throughout the year and raise red flags as and when required. As well as, conduct variance analysis and comments for submission to management and Board of Directors. 
8. Lead the continuous improvement and streamline the financial management processes including monthly reporting, forecasting and budgeting.
9. Prepare ad-hoc models and analysis to support operational and strategic business decisions.
10. Manage preparation, review and submission of Annual Tax Returns per Qatari Tax Law, UK Tax and UK VAT for entities including subsidiaries and JVs.
11. Ensure accurate and effective coordination of internal and external audit requirements between the various organization’s Senior Management Team, Board of Directors and External Auditors.
12. Address audit queries and prepare and review audit reports in coordination with respective parties such as the Internal Audit Division, external auditors, UK Tax advisors for a JV and International Tax Overview for new Investment Prospects and overall for the company.
13. Lead the coordination of month end closing and balance sheet reconciliation process.
14. Oversee the preparation of accurate and timely financial reports in accordance to IFRS accounting standard, regulatory reporting, and other external bodies as appropriate and ensure compliance with group policies and local regulations.
15. Interpret operating results as they affect the financial position of the organizations in question and make recommendations for cost reduction and profit improvement.
16. Implement and manage the financial systems, business intelligence tools, and the financial planning best practices.
17. Generate financial frameworks and scenario analysis to guide internal resource allocation, evaluate investment alternatives, and measure returns and effectiveness.
18. Build strategic long-term financial models to facilitate analysis and decision-making including operating targets, proposed business cases, capital budgeting and other strategic opportunities
19. Perform complex financial analyses and prepare presentations for Board and Executive Teams.

Knowledge Transfer:
20. Train key stakeholders on raising awareness and knowledge of the financial planning, reporting, International Financial Accounting Standards, SAP, MIS and all applicable policies and procedures.

Internal Controls:
21. Ensure all applicable financial controls are adhered to.
22. Achieve all departmental objectives and KPIs set by the CFO in accordance with the approved plan and timelines. 
Generic Accountabilities:

People Leadership:
23. Manage and train department staff and teams by overseeing their performance management, recruitment, training and development to ensure high levels of engagement and competence.

Change Management:
24. Contribute to managing change in own team by providing inputs for and taking part in change initiatives, programs and projects that are aligned with the best practice.

 

Safety, Health, Environment, & Quality (SHEQ)
25. Oversee and ensure compliance to all relevant SHEQ policies, procedures and controls across the Financial Planning & Reporting department to ensure that Nakilat provides a safe, world class, secure and environmentally responsible service to customers, the public and its own people.

Budgets and Plans:
26. Prepare the Financial Planning & Reporting department budget, and monitor its expenditure, while ensuring the optimal utilization of all available resources to protect Nakilat interest.

Systems and Processes:
27. Develop the Financial Planning & Reporting department policies, procedures and system, and ensure their proper implementation to support achieving the different set targets and plans, hence Nakilat strategy.
28. Lead and coordinate the ongoing development, implementation and maintenance of the ERP systems for Budgeting, Planning and Cost Center Reporting.

Others: 
29. Act as a member of the Due Diligence Team for all new investment projects of Nakilat, to represent Finance (as required).
30. Provide reliable and beneficial advice on mergers, acquisitions or any business initiatives by continuously keeping updated with the organizations’ financial position and recent trends in the economy.
31. Manage the responsibilities related to Risk Assessment Activities from finance department (as required).
32. Carry out any other duties as directed by the Chief Financial Officer.

 

Key Result Areas

• Implement sound financial planning and reporting practices and procedures.
• Deliver efficient and effective annual budgeting/planning process and consolidation of balance sheets and Income statement.
• Prepare and finalize Balance Sheet & Profit & Loss Account as per IFRS & USGAAP.
• Ensure compliance with all financial planning, reporting and accounting standards.
• Timely disclosure of accurate MIS reports & Consolidated Income Statement Internal reports
• Identify budget deviations for further improvements.

 

Qualifications, Experience and Skills
Qualifications:

• Bachelor’s degree in Finance, Accounting or any related field. 
• MBA or master’s Degree in Finance is preferred 
• Other professional qualifications are preferred (e.g. CA, CPA, ACCA, CMA, and CFA etc.)

Experience:
• 12-15 years of related experience of which a minimum of 5 years in a managerial position in financial planning and reporting, preferably in a similar industry

Job Specific Skills:
• Advanced knowledge and experience in financing compliance rules and procedures
• Knowledge of SAP modules such as FICO, PS, MM, PM and HR
• Strong computer skills (Excel, PowerPoint, Words, etc.)
• Strong analytical and problem-solving skills
• Willingness and ability to roll up your sleeves and build complex models.
• Proven ability to build strong working relationships with business partners/department heads/coworkers as trusted and objective advisor.
• Self-starter capable of driving business results without significant supervision and effective in dealing with ambiguity
• Fluency in English essential (written & spoken), and Arabic is preferred.


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