Summary Description:
Implements financial strategy and functional model set out by Finance Manager
Responsibilities
- Organizing and directing the work of Secondees professional
- Ensure that financial practices are in line with statutory legislation and regulations. Support and manages the implementation of the finance strategy set out by the finance Manager.
- Reviews the breakdown of financial information.
- Supports and manages the implementation of initiatives, previously reviewed by the Finance manager to enhance the productivity of Finance Department.
- Liaises periodically with the records at different business units in order to review their accounting and financial / data information so to verify balances and financial requirements going forward.
- Advises Finance Manager on financial performance of business units and create an overall picture for executive team on a monthly basis or as required by them.
- Provides support, training and information to Finance Department new joining accountants regarding accounting, book-keeping, planning, control etc. in order to ensure alignment with strategic plans set out by and any policy changes which might affect them.
- Supports the Finance Manager in managing and controlling the budget assigned by communicating to Finance Department and Heads of business units and liaises with them on a monthly basis to review spending against budgets
- Conducts financial data reviews in order to ensure reliability of figures that are generated from the accounting system
- Ensures the maintenance of a proper accounting system and a general ledger application to meet requirements
- Provides support to the reconciliations of general ledger and related accounts (with subsidiary ledgers and external systems) to ensure the accuracy of account balances.
- Oversees aspects of the monthly closing process
- Ensures monitoring and collection of payment or collection terms.
- Reviews and provides advises on updates to the chart of accounts.
- Reviews changes / updates in financial regulations and legislation.
- Ensures compliance with appropriate accounting standards
- Advises Finance Manager on financial performance of business units and create an overall picture for executive team on a monthly basis or as required by them.
- Provides support, training and information to Finance Department new joining accountants regarding accounting, book-keeping, planning, control etc. in order to ensure alignment with strategic plans set out and any policy changes which might affect them.
- Support the Finance Manager in managing and controlling the budget assigned by communicating Assist in drafting new policies and procedures and suggest improvements on the currents cycles,
- Financial and managerial accounting reporting to the management,
- Cooperate with other related departments/sections to maintain AR -accurate data base, recommends changes to strengthen the internal control
Qualifications and Experience:
- Bachelor's degree in finance or accounting or an appropriate professional certificate such as (CPA, ACCA, CA, CMA)
- Minimum of 12 years of experience in a managerial position and 5 years with recognized firms Evidence of Continued Professional Development
- Experience in utility or energy sector preferred.
- Computer skills including proficiency in common word processing, spreadsheet, and presentation programs.
- Well organized.
- Attention to detail and ability to cope with crises and difficult situations
- Mastery of written and spoken English and Arabic (preferred).
