About this role
.
Job Purpose
Responsible for overseeing financial planning, analysis, and management within a specific division, ensuring alignment with the organization's overall financial strategy. Involves providing financial insights, budgeting, forecasting, and resource allocation guidance to support strategic decision-making and operational efficiency within the division.
Key Accountability Areas
Strategic Financial Planning:
- Develop financial strategies that support business growth and sustainability.
- Lead budgeting, forecasting, and long-term financial planning processes.
Performance & Profitability Management:
- Monitor key financial metrics and business performance.
- Analyze variances and recommend actions to improve margins and cost efficiency.
Decision Support & Business Analysis:
- Provide financial insights for pricing, investments, and operational decisions.
- Build business cases and conduct scenario modeling to guide strategic choices.
Cost Control & Resource Optimization:
- Identify and implement cost-saving initiatives.
- Ensure optimal allocation of financial resources across business units.
Governance, Risk & Compliance:
- Maintain strong internal controls and ensure regulatory compliance.
- Coordinate with audit, tax, and legal teams to manage financial risks.
Reporting & Financial Insights:
- Deliver accurate and timely financial reports to leadership.
- Translate complex data into clear, actionable insights for decision-makers.
Role Accountability
HR Proficiency:
- Ability to recruit, recognize and cultivate high performers and expose them in order to create a robust second line of management.
- Ability to recognize low performers and guide them to improve or release them.
- Ability to treat subordinates equally without any discrimination.
- Assessment criteria of subordinates is performance that leads to planned results.
- Ensure availability of delegation of authority matrix to have sufficient delegations as per company policy.
Responsibility:
- Must take full responsibility for his operation as per the job description and the required deliverables from this position, taking into consideration the general company guidelines.
- Able to anticipate problems and make the necessary proactive steps to prevent them
- Ability to take necessary and proper timely decisions.
Delivery:
- Deliver the required results in timely manner with required quality and cost.
Making a Tangible Difference:
- Must make a tangible difference to his area of operation. and exceed business expectations.
Business Planning and Performance:
- Able to transform the corporate goals into business plans.
- Able to Plan, follow-up and execute those plans, whether they are annual or development plans.
- Monitor the plan performance and initiate action to strengthen results and take the corrective action accordingly.
- Provide periodic work progress reports.
- Responsible for monitoring and controlling budgets and expenses to achieve the optimum cost efficiency.
Organizational Development:
- Develop the organizational structure according to the current requirements taking into consideration future and development plans.
- Ensure availability of job descriptions for all job roles and deployment.
Business Process Improvements:
- Develop, coordinate well-defined written systems, policies, procedures, and seek automations opportunities as much as possible.
- Should be conversant and able to navigate through IT solutions especially those relevant to his job and business.
- Promote the automated systems and using them fully, to spread its culture.
Quality:
- Quality is considered as alfanar’s prime competitive advantage as such, managers are expected to act accordingly.
Adaptation:
- Adapt to new and alternative techniques, technologies, management structures, and business models.
Health, Safety and Environment:
- Ensure a safe, secure, and legal work environment as per the standard regulations.
Academic Qualification
Bachelor Degree in Accounting and Finance or Any relevant field
## Work Experience
6 to 10 Years
## Technical / Functional Competencies
Accounting Best Practices Accounting Methods Accounting Principles Accounting Rules/Guidelines Accounting Systems Accounting Theory/Concepts Financial Analysis Financial Forecasting Financial Modeling Financial Planning Financial Reporting Financial Statement Preparation Mergers and Acquisitions