Sr. Financial Planning&Reporting Analyst
Job details
Job Summary and Purpose
Lead the continuous improvement initiatives to drive efficiency in financial processes by providing accurate & timely financial reports, analyzing annual budget while ensuring compliance with rules and regulations at entity and consolidated level. Lead project financial analysis for cost optimization, business development opportunities, organizational structuring and other Nakilat defined corporate initiatives.Accountabilities
Key Accountabilities:Financial Reporting
1. Lead the quarterly, half-yearly and annual consolidated financial statements within required timeline.
2. Ensure financial statements are prepared in compliance with IFRS & US GAAP.
3. Present entity level performance on CFO's quarterly review meeting.
4. Prepare quarterly Management & Board report with variance analysis and commentary.
5. Coordinate with external auditors for annual statutory audit, half-yearly review, and interim audit to ensure that all audit queries are adequately addressed and resolved in a timely manner.
6. Provide monthly OPEX cost report for Fleet Dept. to comment on variances, in collaboration with FP&R team, as needed.Planning
7. Lead annual budget activity by seeking relevant information and explanations from budget owners.
8. Prepare entity level annual budget with analysis & explanations.
9. Prepare financial slides for JV Board meeting and present the annual budget to the JV Board.
10. Provide current year forecast for Management review on a quarterly basis.
11. Provide medium term forecast with sensitive analysis for Management to understand Company's medium-term outlook
12. View the budgets and forecasts from an organizational vantage point to analyze cost drivers and offer recommendations.
13. Present detailed analysis of G&A, manpower costs and capex for annual planning and quarterly MIS reviews.
14. Coordinate with organizational departments to prepare and analyze cost allocations (service fees, management fees, cost distribution etc.).Due Diligence and Projects
15. Lead Nakilat growth projects (asset acquisition, long term projections, joint venture initiatives etc.) on behalf of the Finance department by providing insights on risk, reporting, cashflow etc.
16. Lead the preparation of financial reports for commercial opportunities, contract renewals, refinancing, lease renewals etc. by clearly providing potential impacts on Nakilat's financial position (pro forma financial statements) and giving relevant recommendations.
17. Act as finance expert on internal project and structure costing exercises.
18. Obtain input from all Nakilat functions to deliver vessel management fee charges on an annual basis.
19. Submit Nakilat's segment structure and model for senior management review.Internal Controls
20. Co-ordinate with External Auditor to ensure internal controls are in alignment with RCM, ICOFR testing and remediation actions.
21. Ensure following existing control policies.Investor Relations
22. Support Investor Relations team on Nakilat's Board meetings AGM / EGM and related communications with regulatory authorities.
23. Ensure accurate and timely submission of required reports / information to various regulatory authorities (QFMA, QSE, Statistics Dept. etc.).Generic Accountabilities
Safety, Health, Environment, & Quality (SHEQ):
24. Adhere to all relevant SHEQ policies, procedures, instructions and controls so that NAKILAT provides a safe, world class, secure and environmentally responsible service to customers, the public and its own people.Policies, Systems, Processes & Procedures:
25. Implement approved policies, processes and procedures, and provide instructions to subordinates to ensure their proper implementation.Others:
26. Lead continuous improvement initiatives within the team to drive efficiency in financial planning & reporting processes
27. Coordinate with Sr. Tax Analyst for preparation and submission of annual & periodic tax returns and related compliance reports.
28. Work with the Planning & Risk team and be the Finance Risk focal point, develop KPI's based on the annual business plan and prepare quarterly report on KPI's
29. Coordinate and communicate with JV partners/vessel managers/charterers on regular basis.
30. Provide support & guidance, as needed, to Financial Planning & Reporting Analyst.
31. Carry out any other duties as directed by the Financial Planning & Reporting Manager.CompetenciesCustomer Centricity - AdvancedSolution Oriented - AdvancedInteractive Communication - AdvancedCollaboration & Team Work - AdvancedFinancial Risk Management - PractitionerAchievement Oriented - IntermediateAudit Management - PractitionerFinancial Reporting & Compliance - ExpertFinancial Planning and Budgeting - ExpertDrive Vision - IntermediateProfessional Accounting Standards - SpecialistEmpower & Nurture Talent - IntermediateFinancial Analysis - ExpertInventory and Fixed Assets Administration - PractitionerGeneral Accounting Processes - SpecialistAccounting Policies & Procedures - SpecialistTax Strategy, Planning & Compliance - PractitionerManagement Reporting - ExpertKey Result AreasImplement sound financial practices and standardsPrepare and finalize Statement of Financial position and Income StatementPrepare budgets, related reports and present to relevant management/Board members.Compliance with all accounting standardsTimely disclosure of accurate Management reportsEthical and responsible decision makingInteractions and Working Relations
Internal:Chief Officers, Senior Management, Managers and Heads - to provide update on financial reporting activities, budget related matters etc.Internal Auditors - to discuss compliance with international standards, rules, regulations, policies and proceduresExternal:Charterer, vessel manager, JV Partners and Tax advisors - to regularly review invoices, OPEX cost ,budgeting and taxationBoard of Directors and Shareholders - to provide overview of financial position and to address any enquiriesAuditors - to provide financial performance overview of operations and other relevant financial material for audit purposesGoverning Bodies - to provide required communication addressing any issues or clarificationsFinancial Authorities
As per TOFAQualifications, Experience and Job Skills
Qualifications:Bachelor's degree in Finance, Accounting or any related fieldSpecialized certificates are preferred, qualified or partly qualified e.g. ACCA, CA, CPA, CMA.Experience:6 - 10 years of related experience in a similar position with reputable MNC, preferably in a similar industry or Oil and Gas.Job Specific Skills:Advanced knowledge of accounting and financial principles and tools. (International Financial Reporting Standards), cost accounting and management reporting.Knowledge of financial concepts and statistical/analytical methods and ability to use data effectively to develop, implement and manage operational plans and actions.Advanced experience in using SAP or similar ERP system.Experience working with organizational costing/allocation models to properly analyze the main driving factors of change and variances year over year.Sr. Financial Planning & Reporting Analyst
Department: Business & Financial ReportingCity: 1101Job Segment:QA, Quality Assurance, SAP, ERP, Business Development, Quality, Technology, SalesApply now#J-18808-Ljbffr
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