Finance Business Partner (Financial Manager) Open

Posted in: Sep 9, 2020
Job Description & Specification:

Execute the financial strategic plans of the business unit through managing the financial planning and providing guidance on financial processes such as; budgeting, variance analysis, and accounting to ensure that the business unit’s functions implement the required financial control as per the related standards and provide accurate and timely financial information to support the decision-making.

Business partners are finance executives working alongside different business departments, providing financial information, tools, analysis and insight to executives, challenging their thinking, helping them make more informed decisions and driving business strategy. In effect, the partnership breaks down the barrier between accountancy and management to support business objectives.

Description:

  • Develop and recommend the business unit strategy and translating it into action plans to ensure maximum financial control of the business unit’s accounting processes.
  • Execute the business unit financial plan and cascade financial objectives to the business unit’s functions to ensure the overall adherence and compliance with group financial strategies.
  • Manage the business unit financial management team by setting functional plans, organizing work activities, providing guidance, and monitoring performance versus plan to ensure that work activities are carried out efficiently and in a procedurally compliant manner.
  • Ensure that business unit financial management teams receive adequate training and development activities, in coordination with HR teams, using effective methods such as demonstrations, on-the-job training, courses, workshops, etc. to meet employees’ training needs, minimize mistakes and achieve performance targets.
  • Lead the forecasting and estimation of resource requirements for financial and accounting activities in the business unit to ensure robust resource allocation and ensure enforcing accurate accounting control.
  • Lead the development of the business unit financial management policies, systems, processes and procedures to ensure the consistent application and ease of operations for subordinates and ensure the alignment to international accounting practices such as the International Financial Reporting Standards (IFRS) and Saudi Organization for Certified Public Accountants (SOCPA).
  • Review reports submitted by business unit financial management employees, highlighting major accomplishments, issues and actions that were taken against them to ensure that the conclusions and recommendations are accurately and concisely noted.
  • Lead the preparation and consolidation of business unit budget, monitor the business unit expenditures according to the allocated budget, and conduct variance analysis to assess the business unit financial performance to ensure controlling the business unit costs.
  • Manage the revenue forecasting for the business unit from current and potential revenue channels to identify sustainable growth drivers and provide recommendations on the business unit’s financial model.
  • Lead the preparation of financial planning and monitoring plans, schedules, budgets and subsequent cost estimates and controls to ensure the optimal utilization of resources as well as ensure adherence to the set plans and schedules for the business unit.
  • Ensure the enforcement of financial policies and procedures for all transactions and accounting processes in the business unit such as Generally Accepted Accounting Principles (GAAP) to ensure applying sound processes and avoid any regulatory violations.
  • Lead the preparation of financial statements and reports of the business unit by ensuring the accurate recording of revenues, expenses, commissions, etc. to monitor the business unit’s performance against financial goals including revenue, costs and cash flow and highlight alarming numbers.
  • Prepare critical financial reports and ad-hoc analysis for relevant stakeholders such as the Finance and IT Director to ensure reporting accurate and timely information about the business unit’s financial position and support the decision-making process.
  • Lead and facilitate general accounting processes, including accounts payable, accounts receivable, general ledger, and books reconciliations of the business unit, to ensure the financial integrity of the financial statements such balance sheet, cash flow and income statement of the business unit.
  • Review accounting processes and systems including journal entries, account reconciliations, and general ledger transactions in terms of adequacy and quality of the processes in monitoring costs to recommend adjustments and financial controls to ensure controlling expenditures.
  • Lead the development and maintenance of accounts payable within the business unit and other statutory reserves to ensure the timely and accurate processing of accounts payable operations.
  • Manage the approval and processing of revenue, expenditure, functional budgets, account maintenance and data entry to ensure identifying and highlighting potential weak areas.
  • Review critical journal entries and final general ledger balances of the business unit, including conducting a periodic review of balance sheet reconciliations and accounts to ensure that any observed discrepancy is investigated and resolved.
  • Ensure the adequate monitoring of accounts’ records, books, and accounting activities documentation to ensure the accuracy and completeness of working papers to support financial reports and prepare the business unit for financial and tax auditing processes.
  • Lead the coordination with external auditors, financial controllers, Zakat advisors, and external service providers to ensure outsourcing the needed services and protecting the Co.’s best interest.
  • Act as the central point of contact between corporate finance and the business unit to ensure that all required information and reports regarding the central accounts’ activities are timely and accurately communicated to all relevant parties and stakeholders.
  • Review the financial terms on the business unit’s contracts and agreements with suppliers, vendors, external service providers, and other third parties to ensure protecting the business unit’s best interests.
  • Support the business unit’s tax calculations, documentations, and payments to ensure that they are carried out accurately and timely and mitigate financial risks that relate to tax payments.
  • Ensure that all payroll, compensation, and dividend transactions are processed and issued accurately and efficiently to the business unit employees and shareholders.
  • Support cash management operations in the business unit, including monitoring and analyzing the business unit cash position, cash forecasts, borrowing and investing activities, risk management, etc. to ensure proper funding management and meeting the business unit’s liquidity demands.
  • Ensure effective working relationships with banks and financial institutions to pursue and negotiate the securing of loans, overdraft, guarantee, foreign exchange and other financial facilities at the most competitive rates for the business unit’s cost benefit.
  • Ensure that the business unit financial management team apply and monitor safety, quality and environmental management policies, procedures and controls to ensure employee safety, legislative compliance, delivery of high-quality products / service and a responsible environmental attitude.
  • Lead the continuous improvement of the business unit financial management practices considering ‘international best practice’, changes in international standards and changes in the business environment which demand proactive action plans.

 

QUALIFICATIONS:

  • University degree, preferably in Finance, Accounting, or related fields, including a professional certification such as Certified Public Accountant (CPA), or equivalent
  • 10-15 years of relevant experience in finance or accounting operations
  • Fluent Spoken & Written English 
Skills :
Languages:
  • English : Very good

Job Details

Country:
EGYPT
City:
Giza
Job Type:
Full Time
Industry:
Food & Beverages Services / Restaurants, FMCG , Manufacturing & Production, Factories & Plants,
Salary From:
0 LE
Salary To:
0 LE
Gender:
Salary Negotiable:
No
Experience:
10 - 15 Years

Benefits

Self Medical:
No
Family Medical:
No
Mobile Allowance:
No
Company Car:
No
Commission:
No
Laptop:
No
Bonus:
No
Profit Share:
No
Accomodation:
No
Transportation:
No
Meals:
No
Some text some message..