Contribute to the formulation of the divisional strategy in alignment with the firms strategy and support its implementation.
Participate in translating the divisional strategy into annual financial business plans, and ensure their implementation, as well as follow up their progress, and take corrective actions as needed
Lead the budgeting process and the preparation of the financial statements of the firm.
Develop appropriate templates to be utilized in preparing budgets by respective divisions, along with the Budgeting deadlines and ensure compliance and management of the process.
Critically examine budget estimates received from respective divisions, joint venture partnerships etc. for correctness, completeness and conformance with established procedures, regulations, and organizational objectives.
Oversee analysis of previous budgets, analyze actual results to budgets and forecasts, in comparison with previous reporting periods for variance in revenue and expenses and factors contributing to variation.
Monitor the approved budget throughout the year and raise red flags as and when required. As well as, conduct variance analysis and comments for submission to management and Board of Directors.
Lead the continuous improvement and streamline the financial management processes including monthly reporting, forecasting and budgeting.
Ensure accurate and effective coordination of internal and external audit requirements between the various organization’s Senior Management Team, Board of Directors and External Auditors.
Oversee the preparation of accurate and timely financial reports in accordance to IFRS accounting standard, regulatory reporting, and other external bodies as appropriate and ensure compliance with group policies and local regulations.
Interpret operating results as they affect the financial position of the organizations in question and make recommendations for cost reduction and profit improvement.
Implement and manage the financial systems, business intelligence tools, and the financial planning best practices.
Generate financial frameworks and scenario analysis to guide internal resource allocation, evaluate investment alternatives, and measure returns and effectiveness
Build strategic long-term financial models to facilitate analysis and decision-making including operating targets, proposed business cases, capital budgeting and other strategic opportunities
Train key stakeholders on raising awareness and knowledge of the financial planning, reporting, International Financial Accounting Standards, SAP, MIS and all applicable policies and procedures.
Manage and train department staff and teams by overseeing their performance management, recruitment, training and development to ensure high levels of engagement and competence.
Prepare the Financial Planning & Reporting department budget, and monitor its expenditure, while ensuring the optimal utilization of all available resources to protect the firm's interest.