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  • Job Ref#:

    414
  • Job Location:

    Abu Dhabi
  • Qualification:

    Diploma
  • Salary:

    AED 30000 - 35000
  • Experience:

    6 – 10 years
  • Nationality:

    Any
  • Gender:

    Any
  • Joining Period:

    Immediate
  • Posted:

    4/16/2020 01:00:14

Company Details

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Finance Manager

at Full-Time
This job is no longer accepting applications.
Successfully Placed .

Job Description

Purpose of the job:

The Finance Manager is responsible for managing all day-to-day Finance matters inclusive accounting, treasury, business control, internal control and other finance day-to-day activities for the Mirfa Project. The Finance Manager assists the Chief Financial Officer in various Project Finance and Corporate Governance matters. The position covers Owner and O&M dimensions of the project.

Scope of the job:

Entities:

MIPCO (main entity), M Power O&M Power Company, Mirfa Shared Facilities Company Accounting: ensuring proper development and maintenance of the Company’s accounting and reporting systems, smooth closing process, compliance with IFRS rules in line with shareholders’ respective accountingpolicies. Ensuring that all accounting and other related administrative records of the Companies are maintained properly. Produce periodical valuation of the Company’s inventories in compliance with International Accounting Standards and Company Policies.

Business Control:

 timely and accurately producing reports for management, lenders, shareholders and authorities on a periodical basis, with production of variance analyses on a monthly basis. Production of periodical financial statements. Liaise with auditors. Participate actively into the production of the Budget of the Company by interacting with the different departments. Involvement in the procurement process. Internal Control: defining and implementing set of Finance Policies & Procedures. Developing adequate Internal Control environment and ensuring compliance with Company’s set of Policies and Procedures. Continuous improvement of MIPCO IT systems.

Treasury:

 cash management, payments, cash projections, monthly drawdown in compliance with Finance Documents. Bank day-to-day management.

Other ad hoc tasks on request of Chief Financial Officer


Job Responsibilities

Accountabilities:

The Finance Manager’s key accountabilities encompass;

Health, Safety, Environment & Quality Management:

  • Committed to ensuring a safe working environment for colleagues and contractor staff.
  • Points out any unsafe conditions or unsafe act to the HSE Security Officer.
  • Contributes to the achievement of safety and environmental objectives by providing leadership in the areas of safe working practices and housekeeping.
  • Emergency planning and preparation;
  • Cleanliness and safety of operational areas;
Financial objectives and KPI’s:
  • Ensuring that requirements of Company Law and other local directives and regulations are being fulfilled
  • Ensuring the compliance of the Companies with shareholders’ Finance and Accounting policies and reporting requirements.
  • Ensuring compliance with Company’s internal rules and guidelines.
  • Timely reporting to management, shareholders and authorities on periodical basis, including variance analyses on monthly basis.
  • Finalizing quarterly (when applicable), half-yearly and yearly financial statements of the companies and workings / schedules relating to financial statements.
  • Supervising the work carried out by staff of Accounting Department and Reporting Manager (when applicable). Checking and reviewing accounting record for accuracy and completeness.
  • Ensuring that accounting and other related administrative records of the Company is maintained properly.
  • Timely submission of VAT and other Tax filings and payments
  • Being accountable for the set-up and update of the forecasting model, including monthly rolling forecast, Budget and Medium-Term plans.
  • Being accountable for the Team Management (incl. skills development, training, supervision).
  • Treasury management: cash projections, financing requirements (drawdown request preparation, working capital facility drawdown), loan repayments, deposits, …
  • Contributing actively to the improvement of the processes and organization of the work.
  • Ensuring proper maintenance and development of Company’s accounting and reporting systems.
  • Supporting the Chief Financial Officer on all Finance, Corporate Governance and other ad hoc matters.

Financial planning:

  • Respect of timelines.
  • Challenge operations for all matters impacting Finance aspects.
  • Anticipate and quantify (simulations). Advice Executive Management.
  • Being accountable for cash management and short-term cash flow forecast.
  • Prepare annual Budget, forecast and long-term planning.
Monitor and report:
  • Being informed about Operations, Administration, legal and Corporate Governance evolution.
  • Being accountable for the Financial reporting to the Executive Management and to shareholders Finance organizations
  • Monitoring the Financial / Fiscal risks of the Business.

 Audit and Control:

  • Responsible for various audits of the companies and to liaise with auditors and the Internal Control Officer.

Governance:

  • Compliance with all relevant applicable laws, Directives and project documents;
  • Compliance with the appropriate corporate Policies and Procedures; and,
  • Compliance with corporate internal controls.

Human Resources:

  • Directs, controls, guides, coaches and develops the subordinates and staff in the department to ensure that they are motivated and trained to carry out their responsibilities to the required standard.
  • Transfer, recruitment, training and development of the O&M staff;
  • Emiratization specifically the development of Emiratis within O&M;
  • Performance management and appraisal

Outcome,Results and Key Performance Indicators:

  • Compliance with IFRS and Shareholders’ Accounting Policies
  • Production of timely and accurate managerial reports and statements.  
  • Implementation and continuous improvements of management systems, policies and procedures (internal control)
  • Compliance to policies and procedures, internal control and ethics
  • Business support
  • Positive attitude, working in autonomy, decision-maker, focus on results
  • Emiratization Achieve/maintain ISO

Dimensions of job:

The Job Holder makes decisions within clearly defined parameters, in line with the objectives of the Finance Section and Company objectives, under the guidance of the Chief Financial Officer of the Company.

Key relationships:

Internal

  • Executive Managing Director / Plant General Manager
  • Engineering & Maintenance Manager and Operations Managers when applicable
  • Procurement Manager, Stores Officer, Administration Manager
  • Internal Control Officer / Internal Auditor
  • All managers.
External
  • Shareholders’ Finance Organization (Business Control)
  • External Auditors / Internal Auditors
  • IT Service Suppliers (accounting, reporting)
  • Banks - Account Manager for day-to-day operations
  • Tax Advisors and Tax Authorities
  • Accounting services provider

Requirements

Requirements

Qualifications:

  •  Graduate degree in economics, accounting, finance, business administration or equivalent.
  • Qualified Accountant from an internationally recognized institution (ACCA, …)
  • Any complementary qualification is a plus.
Experience:
  • Minimum 8 years of experience in finance, accounting and/or controlling, in an equivalent position. Experience as Audit Manager is a plus.
  • Understanding of the Power Sector
  • Understanding a shareholder environment / organization is a plus
Knowledge and skills:
  • Strong accounting background: accounting standards (IFRS), systems, controls
  • Excellent aptitudes in Business Control: reporting, planning
  • Treasury concepts: cash management, cash flow projections
  • Internal Control
  • Knowledge of UAE or ME working practices: vat, custom duties …
  • Good understanding of Project Finance concepts (Facilities, covenants, …)
  • IWPP sector: key contractual arrangements, power plant basic technical understanding
  • Proficient in Microsoft Excel (Financial modelling), PowerPoint and databases.
  • Fluent in English. Knowledge of Arabic is a plus.
  • Strong interpersonal, organizational and analytical skills
  • Excellent verbal and written communication.
  • Self-directing, ability to coordinate and direct others. Problem-solving
  • Systems / Procedures / Controls driven mindset
  • Able to manage a team within tight deadlines, heavy workload and ability to deliver.
  • Able and willing to work efficiently in a global, culturally diverse and changing environment.

Company Details


Description: