Finance VP / Director

الغرض من الوظيفة (JOB PURPOSE):قيادة وظائف التمويل والمحاسبة على مستوى المجموعة/الشركة التابعة، وتقديم الدعم والتوجيه لتعزيز العمليات المالية وتحسين الأداء المالي. يعمل الدور على توحيد العمليات المالية وفق معايير المجموعة، وتطوير حلول مالية فعالة، وتحسين استخدام رأس المال البشري عبر إدارات التمويل المختلفة.يتحمل هذا الدور المسؤوليات التالية:إعداد ميزانية المجموعة (التخطيط الاستراتيجي)، والرقابة والتقارير (GBCR): دعم المدير المالي للمجموعة في المكتب الرئيسي (HO) في ترجمة الاستراتيجية المؤسسية إلى خطط تشغيلية وميزانيات وتوقعات، وتصميم وتنفيذ نموذج ونظام الرقابة المالي، ومراقبة أداء المجموعة/وحدات الأعمال مقابل الميزانية بشكل شهري، والإشراف على عمليات إغلاق الحسابات والتجميع المالي.تحليل الاستثمارات والنمذجة المالية: تقديم التحليل الاستراتيجي والمالي لدعم قرارات الاستثمار / التخارج / الاستمرار التي تتخذها المجموعة ووحداتها.دعم وحدات الأعمال: تقديم الدعم المالي لوحدات الأعمال التي لا تمتلك إدارة مالية متفرغة. JOB PURPOSE:To Lead the corporate finance & accounting functions of the Group/Subsidiary, providing support and direction to drive the companies’ financial operations and improve financial performance. The role harmonizes financial operations to a group standard, develops effective financial solutions, and optimizes human capital resources across the different finance departments.This role is responsible for:Group Budgeting (Strategic planning), Controlling and Reporting (GBCR): support Group CFO at Head office (HO) in translating the corporate strategy into operational plans budgets and forecasts and design and implement the controlling model and system, monitor the performance of the Group/BU vs. budgets on monthly basis, and oversee the accounts closure and consolidation processes.Investment analysis and financial modelling: To provide strategic and financial analysis in support of major “invest” / “divest” / “keep” decisions made by the Group and its Business.Business Units (BU’s) support: provide finance function support to BU’s that do not have a full-time finance department.Job summaryProvide Finance leadership to the group and BU’sProvide the required support/financial analysis to the management in making strategic decisions and formulating business development plansAnalysis and implementation of process improvementsAdvise the businesses on all major accounting issuesOversee the Group annual budget preparation and monthly reporting.Play an active role in identifying improvement opportunities within the finance departments of the BU’s.KEY ACCOUNTABILITIES:Strategy Development and ImplementationDevelop and direct the implementation of the strategy for HO and BU’s without full-time finance function leadership ensuring alignment to ASYAD’s strategy, business plan vision, mission, and corporate objectives.Ensure the provision of subject matter expertise for the assigned domain and provide counsel to BU’s leadership on all related areas to facilitate the achievement of ASYAD’s strategy and divisional strategies.LeadershipManage the effective achievement of corporate objectives through effective leadership and by setting of individual objectives, managing performance, developing, and motivating team to maximise performanceLead the talent development initiatives for the division, collaborating with discipline experts and thereby ensure the availability of talent to fit business requirements.Monitor productivity and provide constructive feedback, coaching and guidance to people within the team, as well as to functional reports and peers in the majority-owned subsidiaries.Collaborate effectively with CXO-level executives within the BU’s, as well as with senior executives in ASYAD.Management AccountingPlanning (Budgeting)Head Office (HO) and Business Units (BU’s):Oversee the consolidation of ASYAD Group’s/BU’s five-year strategic business plan as well as support the Group CFO with consolidating the Group’s annual budget. This includes the preparation of projected financial statements for HO and ASYAD Group Consolidated.Support the BU’s CEOs in preparing the five-year business plan updated and annual budget to ensure meeting the Group deadlines.Oversee the preparation and recommend the finance divisional budget.Analyse /review and challenge the BU’s and HO departments’ budgets and validate/discuss their consistency with the Group’s mid-term objectives.Define the guidelines, procedures, schedules, and templates of information and analysis that needs to be reported by the subsidiaries for business plan and budget preparation.ControlHO and BU’s:Responsible for monitoring, controlling and reporting the financial performance of ASYAD Group and/or BU’s versus the budget so that the business is aware of anticipated costs / revenues and areas of unsatisfactory performance and ensure potential areas of cost reduction or performance improvement opportunities are capitalized upon.Prepare periodic reports (MIR) HO as well as consolidated Group performance.Coordinate meetings with the BU’s Leadership teams and Group Chief Asset Management to review performance reports.Prepare consolidated management control tools for the Group, e.g., financial KPIs.Continuously improve reporting and controlling system for Group and BU’s reporting.Identify, assess and, if appropriate, develop new performance management reports/systems which support management decision making.Accounting, Taxation and Financial ReportingHO and BU’s:Manage and supervise the accounts closure and the preparation of monthly, quarterly, and annual financial statements for the group companies, individual and consolidated.Ensure that financial statements are prepared in accordance with the International Accounting Standards (IAS), International Financial Reporting Standards (IFRS) and local legal framework within agreed timelines.Ensure the execution of standard operating procedures are complied with during the preparation of financial statements.Coordinate with technical experts (internal and external) on complex Group IFRS issues.Manage the submission process of Income Tax Returns and deferred tax calculations, WHT and VAT Returns.Ensure compliance with the rules and regulations issued by the Tax Authority.Audit EngagementsHO and BU’s:Lead the statutory interim and year-end audit engagements including procuring an external auditor, defining external audit plans and schedules, and agreeing timetables and responsibilities with all involved, to ensure a clean audit.Ensure that any financial reporting projects or audits run smoothly and timely and manage relevant flow of information.Oversee all internal and external audit activities and relationships with external and internal auditors.Verify audits observations and define a plan for implementing the recommendations.Stakeholder ManagementOversee all regulatory reporting and other queries thereon including, but not limited to Tax Authority, Supreme Council for Planning, State Audit, Ministry of Finance and Oman Investment Authority (OIA).Investment AppraisalProvide policies, guidelines and tools for capital investment decision making to the finance departments of the subsidiaries, and coach them to develop the capabilities for doing the same.Support assessments of the financial feasibility of major capital expenditure projects or divestment organic innature (existing BU’s), including determining the hurdle rate and financing solutions.Review financial feasibility of major investment or divestment performed by BU’s before ASYAD Board approval.Liaise and support OIA in the valuation process of ASYAD Group for financial reporting purposes.Processes Improvement & Review, Policies, Systems, Processes & ProceduresDevelop and lead the implementation of the Group policies, systems, processes, procedures, and controls covering all areas of assigned functional so that all relevant procedural/ legislative requirements are fulfilled while delivering a quality, cost-effective service in a consistent manner.ReportingEnsure that all reports are prepared timely and accurately and meet ASYAD requirements, policies, and quality standards.Responsible for any other ad hoc report requested by the Executive Management or Finance Management related to the Group’s financial figures and strategy.COMMUNICATIONS and WORKING RELATIONSHIPS:Internal:Chief Finance and Direct ReportsCEOs and Finance Managers in BU’sTop management External:External audit firms.Regulatory Bodies (e.g., Inland Revenue Service, State Tax Authorities, Tax Consultants)BanksMinistry of FinanceOman Investment AuthorityOther government entities (e.g. State Audit, Tax Authority)QUALIFICATIONS and EXPERIENCE:QualificationsDegree in Accounting, Finance, or any related subjectMaster from a top business school is preferredProfessional qualification / certification from related professional body (e.g. Association of Chartered Certified Accountants/Chartered Financial Analyst Institute) is preferredExperience12 years of relevant experience in Finance out of which at least 5 years in Managerial level.Strong knowledge of transport and logistics industry.Experience in Middle East is preferred.Experience Group and handling multi companies reporting.Experience in board and management committee’s directorship environment.SkillsExcellent analytical skills (focus on strategic and conceptual thinking).Excellent communication skills (oral, written, presentation).Strong project management skills (including change management).Strong people development skills (management, coaching and mentoring).General computer literacy (Microsoft Office e.g., Word, Excel, PowerPoint, etc.) mandatory.Fluent English language is mandatory.Arabic language is mandatory (due to government interface).

Job Requirements

Minimum Qualification :
Bachelor Degree

Experience :

You should have Experience of Minimum 12 years to apply for this Job