Description:
Key Responsibilities:
Managerial Responsibilities:
- Contribute to the implementation and execution of the function’s strategic objectives and goals by providing specific inputs related to financial budgeting and reporting management
- Take needed measures to deliver the effectiveness and efficiency of the function in a proactive and efficient manner
- Support in the development of the yearly function’s and company’s budget considering the strategies and plans
- Manage the implementation of the function’s policies, systems, processes, procedures and controls so that all relevant procedural/legislative requirements are fulfilled while delivering high quality and cost-effective results
Core Responsibilities:
- Develop reporting templates and guidelines and ensure alignment of REMAT’s functions and Subsidiaries/JV/SPVs
- Plan, develop and prepare the provision of timely and reliable financial information and reports to various internal and external stakeholders, and ensure compliance with the applied financial management standards and regulatory requirements
- Manage and review analysis and consolidated report of REMAT Subsidiaries/JV/SPVs financial statements to relevant stakeholders and provide recommendations when needed
- Liaise with external auditors, support them in their activities, and align with them on fulfilling the requirements related to the development of financial statements
- Prepare REMAT’s BUs and Subsidiaries/JV/SPVs financial performance and develop consolidated performance reports and relevant analysis and provide analysis and recommendations as needed
- Guide the costing and allocation of REMAT’s operations to enable proper managerial reporting and P&L tracking
- Development of managerial reports and dashboards that support decision making and provide recommendations if needed, and enable the utilization of smart and digital tools for enhanced reporting and decision making
- Participate in the development of the Finance policies and procedures in line with relevant frameworks, applicable laws and regulations and international standards
- Analyze periodically finance systems and frameworks requirements and drive the deployment/enhancement/update when needed
- Developing budget guidelines, timetables and templates to ensure a clear and simple budgeting process
- Communicate budget guidelines, timetable and templates with REMAT’s functions and Subsidiaries/JV/SPVs as applicable and ensure alignment
- Support different functions with the budgeting process ensuring alignment with relevant guidelines
- Collect and consolidate functions’ and Subsidiaries/JV/SPVs budgets in a timely and accurate manner and obtain required approvals
- Monitor and control budget to ensure targeted and effective use of budget resources and avoid any budget deficit and overruns
- Conduct budget variance analysis on the forecasted and actual budgets
- Develop variance budget reports and ensure their alignment with the procurement plan
- Assess budget modification requests and review the analysis of supporting business cases to ensure validity
- Develop financial models and business cases to enable business development decision making
- Manage own performance and career growth in line with the set performance targets
- Perform tasks assigned by direct supervisor in a comprehensive and accurate manner
People Management Responsibilities:
- Accomplish the function’s objectives by segregating duties and responsibilities, conducting performance evaluations, coaching and motivating junior team for growth and development opportunities, and providing constant feedback and support
Qualifications & Experience:
Preferred Educational Qualifications & Professional Certifications
- Bachelor’s Degree in Finance, Accounting or other relevant fields
- Preferred Master’s Degree in Finance, Accounting or other relevant fields
- Preferred certification in CMA, CertFM, CPA, ACCA or equivalent
- Preferred certification or training in financial modeling
Languages
- Fluency in English (written and spoken)
- Fluency in Arabic (written and spoken)
Experience
- 5+ years of budgeting, planning and financial and managerial reporting experience
- Minimum of 3 years of managerial experience
- Proven track record in working with HQs and financial consolidation
- Awareness of modern budgeting and reporting practices and relevant emerging technological tools
- Preferred experience in a Governmental/Semi-Governmental organization similar to REMAT