Finance Director

Job Description

Purpose:Responsible forÿproviding visionary and strategic leadership to the financial function of ESLSCA University. This can be achieved by safeguarding the University financial health, overseeing the effective utilization and continuous improvement of our finance ERP system,ÿensuring proper cash flow,ÿguaranteeing that ESLSCA?s financial practices are in line with statutory regulations and internal controls, and providing clear, comprehensive financial performance reports to the Executive Committee. In addition to leveraging profound self-financial acumen, strategic mindset, and deep understanding of the University?s operations and technological systems, to guide financial decisions, to optimize investment strategies, and to ensure sustainable growth; which is pivotal in cementing our organizations position in the industry and promoting its overarching mission.Accountabilities:Strategy Budgeting and FinancialÿAnalysis, Planning & Control:

• Sets Financial policies and strategies and supports Senior Management with high-level financial decisions.
• Develops and ensures that the finance function and operations are controlled under specific policies and guidelines that are compliant with the standard financial norms.
• Leads the annual Financial business plan development and budgeting process to secure the financial allocations as required.
• Ensures that Budget is controlled through monitoring of Budget variance analysis reports.
• Compares revenue and profit projections to actual figures and budgeted expenses to actual expenses;
• Acts as strategic Finance business partner to senior management & executive committee members.
• Creates and establishes yearly financial objectives that align with the university?s plan for growth and expansion.

Accounting, and Financial Reporting:

• Directs the preparation of all financial statements, including income statements, balance sheets, shareholder reports, tax returns, and governmental agency reports.
• Maintains policies and standards operation procedures (SOP) for business process for all accounting and Finance related activitiesÿ
• Examines financial and operational procedures to assure adequate internal controls are present and effective follow up processes are in place.
• Examines financial transactions for accuracy and compliance with institutional policies and with local applicable laws and regulations.
• Ensures compliance with internal controls, policies and procedures
• Prepares and presents monthly financial budgeting reports including monthly profit and loss by division, forecast vs. budget by Office/department and weekly cash flow by department.
• Reviews and analyze monthly financial results and provide recommendations.
• Develops and maintains monthly operating budget and annual university operating budget.
• Oversees the preparation and communication of monthly, quarterly and annual financial statements.
• Oversees the preparation, reporting and timely filing of all tax returns.
• Works with the office of Human Resources to ensure appropriate social insurance and tax legal compliance.
• Ensures timeliness and accuracy of financial and management reporting data for authorities, auditors, and company?s executive committee.

Investment & Cash Management:

• Ensures cash flow is appropriate for the day-to-day organization?s operations.
• Develops cash flow forecasting and maintains a long term cash forecast to secure cash to running projects.
• Manages all cash management functions including cash concentration, wires, account funding.ÿ
• Forecasts interest expense and income.
• Develops, monitors and manages compliance with treasury operational policies.ÿ
• Evaluates the renovation projects feasibility studies and approves from financial stand point.
• Oversee weekly cash management and AP Department, approve large payables, wires and ACHs
• Supervise Accounts Receivable management and provide guidance relating to the collection process
• Manages cash flow planning process and ensures continuous funds availability.
• Monitors Cash position and cash flow on continuous basis.ÿ

ERP System Implementation & Continuous Improvement:

• Leads the ERP implementation process, starting from handling all necessary preparations to coordinating different activities with various stakeholders on that front.
• Acts as the main focal point of the Finance ERP during the post go-live phase.
• Utilizes any updated or newly introduced technologies other than ERP for enhancing the Finance function.
• Ensures regular maintenance and backup of ERP & all accounting systemsÿ

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