SUMMARY
Oversee cash flow planning and ensure availability of funds as needed. Oversee cash, investment, and asset management. Oversee financial strategies and activities, as well as banking relationships. Providing and interpreting financial information. Business modelling and forecasting. Monitoring performance and efficiency. Analyzing change and conducting a risk assessment. Financial strategic planning, and formulating long-term business plans. Researching and reporting on factors influencing business performance. Direct and have responsibility for the organization’s accounting practices, the maintenance of its fiscal records, the preparation, promotion and interpretation of financial reports for management. Direct and have overall responsibility for internal controls, forecast, financial reporting, and budgetary controls. Assessing the financial implications of new or existing ventures. Conducting reviews and evaluations for cost-reduction opportunities. Supervising reports of accounts and analyzing balance sheets, overseeing budgetary control and monitoring cash flow.
RESPONSIBILITIES
(1) PLANNING
1. Assist in formulating the company's future direction and supporting tactical initiatives.
2. Monitor and direct the implementation of strategic business plans.
3. Develop financial and tax strategies.
4. Manage the capital request and budgeting processes.
5. Develop performance measures that support the company's strategic direction.
(2) FINANCIAL CONTROL:
6. Provides leadership in the development for the continuous evaluation of short and long-term strategic financial objectives.
7. Ensure credibility of Finance group by providing timely and accurate analysis of budgets, financial trends and forecasts.
8. Take a hands-on lead position of developing, implementing, and maintaining a comprehensive job cost system.
9. Direct and oversee all aspects of the Finance & Accounting functions of the organization.
10. Evaluates and advises on the impact of long-range planning, the introduction of new programs/ strategies and regulatory action.
11. Establish and maintain strong relationships with senior executives so as to identify their needs and seek full range of business solutions.
12. Provide executive management with advice on the financial implications of business activities.
13. Manage processes for financial forecasting, budgets and consolidation and reporting to the Company
14. Provide recommendations to strategically enhance financial performance and business opportunities.
15. MIS Reports and co-ordination with all divisions for updating the information and feedback to Chairman on the vital issues and performances of the divisions.
16. Projection of monthly cash flows including all probable collections and payments and co-ordination with the finance managers for healthier control of funds and earliest payments of all liabilities.
17. Review of Major agreements and Sub-contract and anew constructions contracts and coordinate to ensure perfect compliance with all documentation requirements.
18. Annual Budgeting and forecasting for all divisions and co-ordination regarding annual accounts finalization and submission of reports to Management in time and performing comprehensive analysis and projections that related to business.
19. Monitoring and approving expenditures throughout the budgetary period and providing instructions and answer questions related to budget procedures.
20. Lision with the external and internal Auditors and provide assistance to our internal auditors while carrying out their risk assessments assignments in order to protect the Group’s assets.
(3) RISK MANAGEMENT :
21. Understand and mitigate key elements of the company's risk profile
22. Construct and monitor reliable control systems
23. Ensure that record keeping meets the requirements of auditors and government agencies
24. Report risk issues to the chairman of the board of directors
25. Maintain relations with external auditors and investigate their findings and recommendations.
(4) TREASURY & BANKING RELATIONS :
26. Maintain good relations with banks and financial institutions both local and overseas.
27. Cash management responsibilities to the company and its subsidiaries' day-to-day. Reviewing, updating, and disbursements and receipts daily.
28. Coordination with Banks for funds arrangements and temporary facilities if required for operational purposes or for new projects.
29. Management of current and future loans and advice on repayment plans.
30. Advice the management on investment of idle cash of the entities and maximize the return.
31. Suggest, negotiate and coordinate optimum funding structures for the needs of the businesses and investments.
32. Periodically update management on macroeconomic developments and suggest measures on foreseen risks and opportunities.