Head of Financial Planning & Reporting

Job description

Reporting structure Reports to: Financial Planning & Reporting Manager Direct Reportees: • Senior Financial Planning & Reporting Analyst • Financial Planning & Reporting Analyst **PREFERENCE WILL BE GIVEN TO QATARI CANDIDATES** Job Summary and Purpose Lead and oversee the preparation of consolidated group performance reports and variance analyses for management, ensuring accuracy and compliance with accounting standards. Manage the timely delivery of quarterly, half-year financial statements in line with CSA requirements and accounting standards. Oversee the preparation and consolidation of group and entity level budgets and forecasts, ensuring they are in line with CSA requirements and accounting standards. Accountabilities Key Accountabilities: Financial Reporting 1. Lead the preparation and completion of quarterly, half-yearly, and annual financial statements within the required timeline for all wholly owned and JV entities, ensuring accuracy and compliance with IFRS/US GAAP and Corporate Services Agreements. 2. Lead the preparation and completion of the Group’s consolidated quarterly, half-yearly, and annual financial performance reports and variance analyses, ensuring accuracy and compliance with IFRS. 3. Lead and oversee the preparation of consolidated, wholly owned, and JV entities’ Management Information System (MIS) packages for presentation to management, JV partners, and the board. 4. Oversee the timely preparation and presentation of materials for the Board of Directors and provide other required financial analyses to all relevant stakeholders. 5. Present entity and group level performance in the CFO’s quarterly review meeting. 6. Oversee and monitors the planning and manage entity level 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 7. Analyze and provide insights on the financial performance impacts of organizational initiatives, such as commercial growth, divestment of assets, M&A, financing, and leasing arrangements. 8. Oversee the preparation of the internal vessel technical managing company’s monthly OPEX cost report, providing analysis and commentary on variances. 9. Leads and coordinates the ongoing development and maintenance of the MIS and reporting tools (Power BI), ensuring accuracy and reliability of financial reports, while fostering skill development within the team and ensuring knowledge sharing. Planning 10. Lead the preparation and consolidation of Nakilat's annual budget, short- and long-term forecasts, ensuring they meet management's requirements and provide comprehensive analysis and explanations. 11. Leads, plans, and directs the preparation of the financial slides for JV Board meeting and present the annual budget to the JV Board where required. 12. Lead and manage the company's financial risk activities, including risk identification, assessment, and mitigation for both new and existing projects. Serve as the Risk Champion, ensuring that financial risk management practices are embedded across the organization and aligned with strategic objectives. Internal Controls 13. Monitors internal KPI targets and interacts with the different functions for regular performance reviews and evaluation of actual data. 14. Ensure all applicable financial controls are adhered to. 15. Achieve all functional objectives and KPI’s set are in accordance with the approved plans and timeline. Due Diligence & Investor Relations 16. Lead, plan, and direct the timely preparation of ad-hoc models and analysis to support operational and strategic business decisions. 17. Support Investor Relations team where required – (dealing with regulatory authorities & shareholders’ inquiries, Nakilat’s Board meetings AGM / EGM and related communications with regulatory authorities, etc.). Accountabilities - 2 Generic Accountabilities: Safety, Health, Environment, & Quality (SHEQ) 18. 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 19. Ensure policies and procedures for financial planning and management reporting functions are aligned with best practices and continuously improved. 20. Implement approved policies, processes, and procedures, and provide instructions to subordinates to ensure their proper implementation. Others: 21. Support continuous improvement initiatives within the team to drive efficiency in financial planning & reporting processes. 22. Coordinate and communicate with JV partners/vessel managers/charterers on regular basis. 23. Carry out any other duties as directed by the Financial Planning & Reporting Manager. Qualifications, Experience and Job Skills Qualifications: • Bachelor’s degree in Finance, Accounting, or any related field • Specialized Accounting certificates (CPA, ACCA, CA, CMA or equivalent). Experience: • Minimum 8 years of related experience in a multinational company in a similar position, preferably in a similar industry. Job Specific Skills: • Advanced knowledge of accounting and financial principles and tools. (US GAAP & IFRSs) • Knowledge of financial concepts and statistical/analytical methods and ability to use data effectively to develop, implement and manage operational plans and actions • Strong Computer skills (Excel, PowerPoint Word, PowerBi etc.) • Strong analytical and problem solving skills • Willingness and ability to roll up your sleeves and build complex models • Fluency in English essential (written & spoken) and Arabic is preferred.