SVP- Financial accounting and Reporting

Job Description

Job Title: SVP- Financial accounting and ReportingÿReports to: Group Chief Financial OfficerÿKey ResponsibilitiesÿFinancial Control & Reporting:?Recommends benchmarks for measuring the financial and operating performance of subsidiaries and review the guidelines / procedures for subsidiaries and corporate financial control ensuring minimization of fraud?Provides business support on financial analysis and management, adoption of best practices and unified standards of control, business ethics and implementation of corporate strategies to the Group Chief Financial Officer?Analyses complex financial data, extracting and defining relevant information; interpreting data for the purpose of determining past financial performance and/or to project a financial probability?Ensures financial support to the other departments in the development of financial strategies and mechanisms?Assists the management in forecasting and preparing the annual budget and 5-year plans, while tracking revenues and expenses to ensure adherence with approved budget? Monitors and reviews all capital and operational expenditure within the approved budget?Monitors and interprets cash flows and predicting future trends to ensure liquidity levels within the facility?Evaluates financial reporting systems, accounting and collection procedures, and investment activities, and suggests recommendations for changes to procedures, operating systems, budgets, and other financial control functions?Prepares a yearly transparency report for the shareholders in the general assembly meeting?Reviews all financial statements on a monthly, quarterly and annual basis, summarizing the performance results for the management / executive committee, parent company and stakeholders.?Follow ? up of all financial records of the subsidiaries, ensuring that are accurately updated and appropriately secured.ÿFinance Standards and Procedures:?Coordinates the annual financial audit process and ensures compliance of finance standards and procedures, ensuring financial policies are being adhered to as set out in the corporate financial guidelines.?Maintains and administers approved accounting practices to ensure that financial statements and reports accurately reflect the status of the relevant accounts and provide reliable information to control operations?Reviews with external auditor for final approval on the financial statements and reporting Financial Management.?Maintains collaborative and effective relationships with other key management personnel and keeps abreast of significant economic, social and technical trends, and regulatory guidelines, which may influence assigned functions/services and/or the facility.ÿManagerial Responsibilities:?Finalizes the manning needs of the department and obtains requisite approvals?Manages the team by evaluating the performance of team members, provides feedback on an on-going basis, identifies development needs and coaches them to ensure on-going capability development.?Identifies training needs and organizes trainings for the department on relevant aspects?Reviews assignment of staff to Cross Functional Teams (CFT) and, if necessary, revises accordinglyÿSelf-Management:?Strives to achieve the highest levels of proficiency on all competencies and skills required to perform the role?Sets performance goals in the beginning of the year after discussion with the line manager and ensures that the goals are achieved.?Identifies the training and development requirements for self and agrees on them with the line manager to ensure that the required training is arranged and attendedÿ

Keyskills :