Financial Planning, Analysis and Reporting Manager – MEMF ELectrical Industrial Co.

Scope of Job:

• Management of accounts preparation.
• Consolidation of group accounts.
• Planning, budgeting and Forecasting.
• Financial Modelling, Planning, Analysis and Reporting.
• Provide financial information service to management.
• Financial Support.

Reporting: Reporting to the Chief Financial Officer. Will have contact with various parts of the organization in the Group.

Decision Making Authority:

The post holder will have to use their judgement in advising to Chief Financial Officer/ Financial Controller to achieve financial and other related group level goals.

 

Main Duties and Key Responsibilities:

 

Management Accounts Preparation 30%

• Produce monthly management accounts and provide comments on Variances for management reporting purposes in liaison with Financial Controller, Finance Director / Finance Manager /Accounts Manager.
• Review and analyze monthly management accounts prepared by Finance Managers of subsidiary companies of the same Group for management reporting purposes.
• Undertake forecast variance analysis at agreed intervals during the year in conjunction with budget holders.
• Improve financial status by analyzing results; monitoring variances; identifying trends; recommending actions to management.
• Providing financial models and forecasting.
• Working with the Chief Financial Officer/ Financial Controller to update the format of the management accounts or other reports.

 

Consolidation of accounts 20%

• Consolidations of accounts on quarterly and annual basis for accounting review and auditing purposes by the statutory auditors.
• Coordinate with statutory auditors for effective and efficient completion of audit/review within agreed time line in liaison with Financial Controller/ Finance Director / Finance Managers / Accounts Managers of the group of companies.
• Review financial information to be sent to outside parties.

 

Planning and Budgeting 30%

• Assist the Chief Financial Officer / Financial Controller with the planning and budgeting process in liaison with Finance Director/ Finance Managers/Accounting Managers of the same group of companies.
• Provide training to budget holders so that they understand key financial concepts.
• Ensure all budget holders understand the financial information they are sent every month and to answer questions they may have.
• Assist budget holders with preparation of budget templates.
• Collate budget holder planning and budgeting information.
• Produce the budget book.

 

Provide financial information service to management 10%

• Produce reports for the Chief Financial Officer / Financial Controller
• Produce reports for Executive Group.
• Investigate possible cost saving areas.

 

Financial Support 10%

• Provide all budget holders with up to date information in relation to their budgets.
• Under the direction of the Chief Financial Officer/Financial Controller, produce ad-hoc information on the group’s finances to the Executive Group.
• Write and format accounting reports, in order to improve accuracy of information produced and overall departmental performance.
• Assist with financial training throughout the group.

 

 

Other Duties

•    Any other duties assigned by the senior executive team members.

 

Qualifications and Experience

 

Qualifications

•    CFA, ACCA, CA, ACMA or equivalent.

 

Experience

• Relevant experience in preparation of management and financial accounts in a multi company organization.
• Expertise in Financial Modelling, Planning, Analysis and reporting.
• First-hand experience of planning, budgeting and forecasting.
• Consolidation of group accounts.
• In addition to the above, auditing experience in managerial level in “Big 4” auditing firms will be given preference.

 

Knowledge and Skills

• Will need to demonstrate that they can apply theoretical knowledge on relevant aspects of financial analysis into practice.
• Report writing skills.
• Financial Modelling, Financial Planning, Analysis and reporting knowledge.

•    Experience in ERP- MS Dynamics 365 to thrive in a fast -pace setting.

•    Advanced IT skills (especially in Excel and Power Point).

 

General Attributes

• Able to manage change and risk.
• Excellent communication skills and the ability to communicate financial issues with non-finance professionals and volunteers.
• Problem solving ability.
• Strong team player.
• Excellent interpersonal skills.
• Good planning and organizational skills.
• Priorities workload and meet strict deadlines.

Job Details

Preferred Candidate