Director Finance – Planning & Reporting

Purpose of the job

To drive the overall budgeting & financial reporting function for SADAFCO by providing the necessary proactive analysis to the business and management on variances between the forecast & actual so as to enable management to take appropriate steps in achieving the financial goals set on an annual basis.

Key Accountabilities

1. Budget

Coordinate and provide timely and accurate annual budgets as per the agreed timelines for senior management for their review and approval.

Provide full assistance & support to all budget functional heads.

Manage the Budget package for BoD review and approval.

2. Reporting

Prepare the monthly management report.

Prepare the monthly BOD report that shows summary of the company’s performance on monthly basis.

Plan and manage the periodical formal business reporting processes, for e.g. annual budget, monthly management reports, YLV, BBS and BBPs.

3. ESG

4. Investor Relations

3. Performance measurement

Develop and maintain a coherent, valid and reliable framework for performance measurement.

Continuously analyze variances with the Budget and Forecasts and highlight key deviations and reasons.

5. Investment Proposals

Perform investment calculations based on requests of Management and coordinate activities for investment proposal fulfillment.

6. Decision support

Understand and apply techniques used to support business decision making e.g. ABC, value creation, discounted cash flow, payback period, opportunity costing. Analyze and approve ECs with properly backed up business case for each spending.

7. Data bank development

Ensure the availability of accurate, timely and relevant data and link this back to business objectives.

8. Financial analysis

Prepare financial analysis on key expense areas and suggest improvements to the business processes & improve cost efficiency.

9. Team support

Represent Finance in designated teams and provide the required support. Also influence others to give their full commitment and support for improvement of the processes identified.

Manage budgeting and reporting team for better performance.

10. Communications

Maintain effective communication with the finance and business teams and provide adequate support on procedures and standards.

Communicate with line management and others effectively and efficiently and show leadership in the area of work.

11.Treasury/ working capital / forecasting

Undertake analyses related to treasury, working capital and forecasting in coordination with the Manager Treasury. Look to drive analysis on reducing working capital and achieving better forecast accuracy to enhance cash returns.

13. Financial & Cost Analysis

Analyze proactively the financial forward-looking forecast for the company (YLV). Analyze cost structure of products and do benchmarking for local and imported goods, in liaison with Export department and Supply Chain.

14.Activity-Based Costing (ABC)

Update ABC quarterly and feed back to senior management stakeholders on changes to ABC Costings. Share the impact on the business the revised costings can/ may have and suggest possible alternative options to take.

15.Cost Saving

Look to identify cost saving projects across the GCC region, working within and outside Finance, presenting to senior management an overview alongside recommendations for potential actions.

16. Business support

Work effectively with line management and other functional disciplines by facilitating adaptation to changes in business dynamics and their impact on the financial management policies and procedures.

17. Tadawul related matters

Quarterly and annual announcements.

Earnings presentations.

Review of quarterly and annual financial statements.

Job Requirements

Educational level: Master’s in finance or MBA.

Specific diploma/education: Professional qualification (or equivalent) of SOCPA, CMA, CFA or any other professional certifications

Minimum experience: 10 years of relevant experience within the finance function of which at least 5 years of experience should be in a managerial role, preferably in FMCG industry.

Languages: English is a must. Knowledge of Arabic (read & write) is an advantage.

Job Competencies

Strong analytical/communication skills

Excellent skills in Excel and Power point

Excellent knowledge of costing methods

Good influencing and interpersonal skills

Ability to work independently and respond and deliver under pressure.

Committed team player with high passion for excellence.

Professional standards and high level of business integrity.