Job Summary and Purpose:
Manage all financial activities related to Nasser Al Ali Enterprises (NAAE) to ensure informative,
timely and accurate management reports in compliance with applicable laws, rules and regulations.
Manage and implement sustainable financial controls to ensure NAAE operations and business are in a profitable manner.
Primary Accountabilities:
Strategic:
Contribute to the formulation of the Company strategy and support its implementation.
Participate in translating the Company strategy into annual business plan, monitor implementation and progress, and recommend corrective actions as needed.
Plan, develop and lead an efficient and robust Finance function to support NAAE’s strategic planning initiatives, operations and activities.
Carry out other strategic duties as directed by NAAE Chairman.
Internal Controls:
Develop the Company financial policies and procedures and oversee their proper implementation to support the financial practices and achieve the planned objectives.
Oversee all applicable financial controls and ensure adequate assessment and mitigation of risk, as well as compliance with applicable regulatory and other legal requirements.
Financial Management/Reporting:
Provide an independent and constructive perspective to operation
development teams, to ensure the business decisions are grounded on solid financial criteria.
Support NAAE management with insights on the financial position of the Company, by presenting an objective view of the financial situation and providing sound recommendations on the allocations of resources in the most efficient way to achieve the business goals and objectives.
Establish robust & relevant reporting mechanism (using ERP) to support NAAE in timely and accurate decision making.
Monthly financial analysis to identify & highlight areas to NAAE that require immediate management attention due to limited controls and anticipated cost overruns.
Oversee the activity-based costing and make recommendations for cost reduction and profit improvement.
Lead all function’s objectives and KPIs set by the Company in accordance with the approved plan and timelines.
Review the monthly budget variances analysis and segments profitability and recommend corrective action to avoid adverse variances and deviation from the business plan.
Oversee cash flow planning and ensure availability of funds as needed.
Oversee the relationship with various stakeholders; i.e. external auditors and various clients.
Budgets and Plans:
Oversee the budget preparation and execution, rolling forecasts and cost management, in alignment with the Company’s strategic plan.
Systems and Processes:
Participate in the desi and implementation of sound finan processes and procedures, as well as associated ERP initiatives.
Lead the transformation related to digital technology to effectively manage, analyze and present data in a way that yields the greatest value for the business.
Oversee the year-end audit task and ensure appropriate monitoring and supporting of disclosed numbers in the Financial Statements and notes.
Managerial:
Manage NAAE Finance staff to deliver the set functional objectives.
Build the team skills and raise knowledge of applicable financial policies and procedures.
Ensure the team capability to accomplish the day-to-day finance related activities, by ensuring continuous training and professional education for the team members as required.
Key Result Areas:
Provide solid budget package supported by realistic assumptions in alignment with the Company Strategy.
Provide reliable data and analysis for timely and objective decision making.
Eliminate bottlenecks through digital transformation.
Ensure processes streamlining and continuous improvement.
Ensure smart challenging to the status quo and value delivering.
Redu risks.
Ensure ethical and responsible management and leadership.
Ensure compliance with the latest applicable financial standards.
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