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Sr. Financial Planning&Reporting Analyst

Job Requisition No.:  15104
Category:  Shore-Based

Reporting structure

Reports To:

Financial Planning & Reporting Manager

Direct Reportees:

None

Job Summary and Purpose

Lead the continuous improvement initiatives to drive efficiency in financial processes by providing accurate & timely financial reports, analyzing annual budget while ensuring compliance with rules and regulations.

Accountabilities

Key Accountabilities:

Financial Reporting:
1.    Prepare quarterly, half-yearly and annual consolidated financial statements within required timeline
2.    Ensure financial statements are prepared in compliance with IFRS & US GAAP
3.    Present entity level performance on CFO’s quarterly review meeting
4.    Prepare quarterly Management & Board report with variance analysis and commentary
5.    Ensure accurate and timely submission of required reports / information to various regulatory authorities (QFMA, QSE, Statistics Dept. etc.)
6.    Coordinate with external auditors for annual statutory audit, half-yearly review and interim audit to ensure that all audit queries are adequately addressed and resolved in a timely manner
7.    Provide monthly OPEX cost report for Fleet Dept. to comment on variances.

Planning:
8.    Lead annual budget activity and seek relevant information and explanations from budget owners
9.    Prepare entity level annual budget with analysis & explanations
10.    Prepare financial slides for JV Board meeting and present the annual budget to the JV Board
11.    Prepare annual budget package for Management & Board review with detail analysis and explanations
12.    Provide current year forecast for Management review on a quarterly basis
13.    Provide medium term forecast with sensitive analysis for Management to understand Company’s medium-term outlook

14.   View the budgets and forecasts from an organizational vantage point to analyze cost drivers and offer recommendations

Internal Controls:
14.    Co-ordinate with departments to ensure Risk Control Matrix for ICOFR is up to date
15.    Work with departments or consultant to ensure annual testing of operating effectiveness of internal controls is performed
16.    Co-ordinate with External Auditor to ensure alignment on RCM and ICOFR testing and remediation actions

Due Diligence & Investor Relations:
17.    Prepare ad-hoc models and analysis to support operational and strategic business decisions.
18.    Support Investor Relations team on Arabic related matters – (dealing with regulatory authorities & shareholders’ inquiries)
19.    Support Investor Relations team on Nakilat’s Board meetings AGM / EGM and related communications with regulatory authorities

Accountabilities - 2

Generic Accountabilities:

Safety, Health, Environment, & Quality (SHEQ):
20.    Adhere to all relevant SHEQ policies, procedures, instructions and controls so that NAKILAT provides a safe, world class, secure and environmentally responsible service to customers, the public and its own people.

Policies, Systems, Processes & Procedures:
21.    Implement approved policies, processes and procedures, and provide instructions to subordinates to ensure their proper implementation.

Others:
22.    Lead continuous improvement initiatives within the team to drive efficiency in financial planning & reporting processes
23.    Coordinate with tax advisors for preparation and submission of annual & periodic tax returns (UK VAT, UK Corporate Tax, and Qatari taxation).
24.    Coordinate and communicate with JV partners/vessel managers/charterers on regular basis.
25.    Provide support & guidance to Financial Planning & Reporting Analyst
26.    Carry out any other duties as directed by the Financial Planning & Reporting Manager. 

Accountabilities - 3

Accountabilities - 4

Competencies

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

Key Result Areas

•    Implement sound financial practices and standards
•    Prepare and finalize Statement of Financial position and Income Statement
•    Prepare budgets.
•    Effective tax calculations and understanding
•    Compliance with all accounting standards
•    Timely disclosure of accurate Management reports
•    Ethical and responsible decisions making

Interactions and Working Relations

Internal:
•    Chief Officers, Senior Management, Managers and Heads – to provide update on financial reporting activities, budget related matters etc. 
•    Internal Auditors – to discuss compliance with international standards, rules, regulations, policies and procedures
External:
•    Charterer, vessel manager, JV Partners and Tax advisors – to regularly review invoices, OPEX cost ,budgeting and taxation
•    Board of Directors and Shareholders - to provide overview of financial position and to address any enquiries
•    Auditors - to provide financial performance overview of operations and other relevant financial material for audit purposes
•    Governing Bodies – to provide required communication addressing any issues or clarifications

Financial Authorities

As per TOFA

Qualifications, Experience and Job Skills

Qualifications:
•    Bachelor’s degree in Finance, Accounting or any related field 
•    Specialized certificates are preferred, qualified or partly qualified e.g. ACCA, CA, CPA, CMA.
Experience:
•    6 – 8 years of related experience in a similar position with reputable MNC, preferably in a similar industry or Oil and Gas 
Job Specific Skills:
•    Advanced knowledge of accounting and financial principles and tools. (International Financial Reporting Standards)

•    Knowledge of financial concepts and statistical/analytical methods and ability to use data effectively to develop, implement and manage operational plans and actions.

•    Advanced experience in using SAP or similar ERP system. 

•    Experience working with organizational costing/allocation models to properly analyze the main driving factors of change and variances year over year.  

 

 

Sr. Financial Planning&Reporting Analyst

Department:  Business & Financial Reporting
City: 


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