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NKOM Finance Manager

Job Requisition No.:  14953
Category:  Shipyard

Reporting structure

Reports to:

Nakilat Chief Financial Officer

Direct reportees"

  • Cost controller



  • Project Management Accountant

Job Summary and Purpose

Manage all financial activities related to N-KOM to ensure informative, timely and accurate management reports in compliance with applicable laws, rules and regulations. 
As well as manage and implement sustainable financial controls to ensure N-KOM operations and business are in a profitable manner.


Strategic Accountabilities:

1.    Contribute to the formulation of the divisional strategy in alignment with NAKILAT and N-KOM strategies, and support its implementation.
2.    Participate in translating the divisional strategy into annual business plan, monitor implementation and progress, and recommend corrective actions as needed.
3.    Plan, develop and lead an efficient and robust Finance function to support N-KOM’s strategic planning initiatives, operations and activities.  

Key Accountabilities:

Internal Controls:
4.    Develop the Company financial policies and procedures and oversee their proper implementation to support the financial practices and achieve the planned objectives.
5.    Oversee all applicable financial controls and ensure adequate assessment and mitigation of risk as well as compliance with applicable regulatory and other legal requirements.

Financial Management: 
6.    Provide an independent and constructive perspective to commercial and operations teams, to ensure the business decisions are grounded on solid financial criteria.
7.    Support NKOM CEO with insights on the Financial position of the Company, by presenting an objective view of the Financial situation and providing sound recommendations for the allocations of resources in the most efficient way to achieve the business goals and objectives.
8.    Oversee the activity-based costing and make recommendations for cost reduction and profit improvement.
9.    Lead all function’s objectives and KPIs set by the Company in accordance with the approved plan and timelines. 
10.    Review the monthly budget variances analysis and segments profitability and recommend corrective action to avoid adverse variances and deviation from the business plan.
11.    Oversee cash flow planning and ensure availability of funds as needed. 
12.    Oversee the relationship with various stakeholders; i.e. external auditors and Nakilat Finance.

Accountabilities - 2

Knowledge Transfer:
13.    Build the team skills, through transformation initiatives and major change programs, and raise awareness and knowledge of applicable financial policies and procedures.

14.    Manage N-KOM Finance staff to deliver the set functional objectives.

Generic Accountabilities:
People Leadership:

15.    Manage N-KOM finance staff , cascade the objectives and priorities and ensure the team capability to accomplish the day-to-day finance related activities, by ensuring continuous training and professional education for the team members as required. 

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

Safety, Health, Quality, & Environment (SHEQ)
17.    Oversee and ensure compliance with all relevant SHEQ policies, procedures and controls across the finance function.

Budgets and Plans:
18.    Oversee the budget preparation and execution, rolling forecasts and cost management, in alignment with the Company’s strategic plan.

Systems and Processes:
19.    Lead the transformation related to digital technology to effectively manage, analyze and present data in a way that yields the greatest value for the business.

20.    Oversee the year-end audit task and ensure appropriate monitoring and supporting of disclosed numbers in the Financial Statements and notes.
21.    Carry out other strategic duties as directed by Nakilat Chairman, NKOM CEO and Nakilat CFO.

Accountabilities - 3

Accountabilities - 4


Achievement Oriented - Advanced
Collaboration & Team Work - Advanced
Customer Centricity - Advanced
Drive Vision - Advanced
Empower & Nurture Talent - Advanced
Interactive Communication - Advanced
Solution Oriented - Advanced
Financial Reporting & Compliance - Specialist
Audit Management - Specialist
Professional Accounting Standards - Specialist
Tax Strategy, Planning & Compliance - Specialist
Payroll Process Management - Specialist
Inventory and Fixed Assets Administration - Specialist
Financial Planning and Budgeting - Expert
Financial Risk Management - Expert
Management Reporting - Expert
Financial Analysis - Expert
Accounting Policies & Procedures - Expert
General Accounting Processes - Expert

Key Result Areas

•    Provide solid budget package supported by realistic assumptions in alignment with the Company Strategy 
•    Provide reliable data and analysis for timely and objective decision making  
•    Eliminate bottlenecks through digital transformation
•    Ensure processes streamlining and continuous improvement
•    Ensure smart challenging to the status quo and value delivering
•    Reduce / mitigate risks
•    Ensure ethical and responsible management and leadership
•    Ensure compliance with the latest applicable financial standards

Interactions and Working Relations

•    Nakilat Chairman
•    NKOM Board of Directors
•    NKOM Executive Management members
•    Nakilat Finance department
•    N-KOM other department Managers; and
•    Internal auditors    
•    Banks and financial institutions 
•    External Auditors

Financial Authorities

As per the Table of Financial Authority (TOFA)

Qualifications, Experience and Job Skills

•    Bachelor’s degree In Accounting or Finance
•    Master’s Degree and/or specialized professional certificates
•    12 to15 years of related experience of which a minimum of 5 years should be in a similar role / responsibility.

Job Specific Skills:
•    Microsoft Office
•    IFRS
•    GAAP
•    Industry-specific software such as like Great Plains, QuickBooks, Simply Accounting, SAP, CaseWare, tax preparation software, MIS and Audit Command Language.

NKOM Finance Manager

Department:  Shipyard Finance

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