Manager Financial Planning & Analysis for a Power Sector Company
Job details
Apt Resources is currently seeking a highly motivated Manager of Financial Planning & Analysis to join the team of our client, a prominent company in the power sector. As the Manager of Financial Planning & Analysis, you will be responsible for supporting the Head of Financial Planning and Analysis for the management and organization of the Finance Planning function of the company including long-term business planning, annual budgeting, and periodic budget updates. You will also perform a business plan sensitivities analysis for credit metrics analysis and capital allocation purposes. The Manager of Financial Planning and Analysis will be also in charge of the management reporting process, defining guidelines and reporting methodologies in order to ensure timely, reliable, transparent management information to the CEO, Executive team, Board of Directors, and Shareholders. You will be also charged with the responsibility of establishing and maintaining an effective performance management system; in that respect, you will provide effective support in setting operating and financial targets for the financial year consistence with Group strategy and long-term business plans and in monitoring the achievement of those targets. You will discharge your responsibilities under the coordination and supervision of the Head of Financial Planning and Analysis.Responsibilities:Manage company long-term business planning, annual budgeting, and periodical budget updates, defining business planning guidelines, timelines, key assumptions, and standard templates. Develop and maintain a business plan booklet and other budget-related reports and documentation
Ensure compliance with the FP&A policies and procedures, as well as develop proposals aimed at enhancing standards and increasing the accuracy and efficiency of the Finance planning process
Perform business plan sensitivities analysis for credit metrics analysis and capital allocation purposes
Manage company management reporting process, defining guidelines, and reporting methodologies. Ensure timely, reliable, transparent management information to the CEO, Executive team, Board of Directors, and Shareholders
Analyze company operating and financial performance against target identifying key variances and providing support for corrective actions. Coordinate periodical business review meetings
Develop and implement early warning systems that will help the Executive Team in detecting and handling deviations to the planned finance outlook of the company without compromising the reasonable financial balance between outflow and inflow of funds
Establish and maintain an effective performance management system: provide effective support in setting operating and financial targets for the financial year consistence with Group strategy and long-term business plans. Develop and maintain Group balanced scorecard linked to a rewards and compensation system
Manage the spending authorization process and review budget change requests to ensure compliance with the Group Policy on Delegation of Financial Authority, and monitor corporate operating expenses, G&A, and capital expenditure against budgets
Analyze expected returns and financial compatibility of investment proposals and formulate recommendations for the relevant authorization bodies. Perform investment assurance and Sign-off for capital allocation regarding proposed projects. Perform post-investment appraisal
Provide support to Business Development and M&A functions during pre-development or pre-acquisition phase (i.e. due diligence process, business evaluation, investment assurance competitive bidding) and during the post-acquisition/integration phase for the implementation of policies, processes, and systems in line with company planning and management reporting policies
Coordinate internal and external benchmarking analysis and special projects aimed at improving the operational efficiency of the asset portfolio managed by the company and for value creation purposes
Pursue initiatives on system development for automation of Group financial planning and management reporting; maintain and enhance new systems post-implementation
Coordinate financial planning & analysis functions of the Group's subsidiaries ensuring adherence to company policies and standards
Assist in coordinating with the internal and external auditors and provide all required information to the concerned parties in order to facilitate the preparation of internal and external audit reports, respectivelyRequirementsEssential:University degree in Accounting, Finance, and/or Business Administration from a recognized University
Minimum of 6-8 years of experience in financial planning and analysis of which 3 years should be in a similar position/responsibility
Minimum of 3 years of Financial Modelling experience
Familiarity with ERP systems (Oracle preferably)
Strong knowledge of planning and management reporting systems (Oracle preferably)Preferred:Master's in Finance, and/or Business Administration from a recognized Management School
Minimum of 3 years exposure to global power/water/renewable sectors
Exposure to international companies with large complexity and multicultural environments
Knowledge, and/or exposure to Qatar or other Gulf regionsSkillset:Superior analytical and synthesis skills
Strong communication and interpersonal skills with sensitivity to different cultures
Ability to build trust and effective personal relations both within the organization and with all relevant external stakeholders
Ability to multi-task and work under pressure
Ability to work in a team
Strong negotiation skills
Stay abreast of the latest trends/tendencies in financial planning and analysis and management reportingPERSONAL ATTRIBUTES AND MINDSET:Maintain the highest standards of professional conduct, ethics, and integrity
Ensure high standards of confidentiality to safeguard sensitive information
High energy with a "can do" mentality. Strongly believe in continuous benchmarking and continuous improvement
Robust intellect and constant desire to learn
Drive, self-reliance, and pragmatism, great determination in achieving results
Analytical, inquisitive nature
Capability to easily adapt to fast-moving, changing environments and cultural differencesBenefitsTo be discussed
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