Senior Manager Financial Planning amp Performance - Ooredoo Group of Companies
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Job Description
Member of the Financial Planning & Performance (FP&P) team a department with a focus on regular financial analysis related to the operating companies and reporting to Ooredoo Group senior management.
The role is solely responsible for analyzing and evaluating Opcos performance.
Current high priority activities needed to maximise performance include completing implementation of monthly variance analysis benchmarking (internal and external) extensive financial modelling and development (and prioritisation) of recommendations that can be immediately implemented to streamline management reporting.
All members in the FP&P team deal with collation of financial information analysis planning reporting presentation and process / policy definition In the medium term support for financial analysis valuation and other finance activities will increase in importance. The weight of these activities in the individual mix being determined by the seniority of the team member.
The role holder is responsible for providing support to Ooredoo Group senior management in monitoring and performance evaluation of the companys investments in order to optimise their performance identify and minimise information gaps and investment risks and maximise financial returns.
Core Responsibilities
Compiles reports and provides narrative reports on a monthly/quarterly and annual basis for the Operating Companies (OPCO) performance for Monthly OPCO review meetings and Quarterly Review meeting with respective OPCO CFOs and also necessary Presentation to OG Management & Board.Initiates and supports the performance of the OPCO Business with competition analysis in order to understand the OPCO performance in a relevant context through benchmarking.
Undertake regular OPCO performance reviews with analysis for financial and nonfinancial performance in order to come up with recommendations and improvements develop reports and make recommendations as appropriate and overall review of the OPCOs forward looking financial statements analyses and presents the same to the management.
Coordinate and Review of the Business Cases / New Business Initiatives including Purchase orders submitted by the OPCOs in order to facilitate their approval process by OG where such an approval is needed by the Group Governance.
Liaises with the OPCO Finance Management team in all finance/operation matters and helps channelling any issues to the right OG finance team
Liaises with the Strategy department for the Business Planning process for setting the targets and for their outlook strategy and coordinate and complete the OPCO KPIs / targets following the completion of Business planning cycle.
Lead & Coordinate for all the Group Business Planning process which includes OPCOs planning submissions reviews with analysis. This includes all the long term valuations for the investments made in order to check and provide comfort to GCFO through Senior Director for the financial outlook submitted by OPCOs. This includes preparation and communication of the entire budget process to the OPCOs along various analysis on the information received.
Assisting the accounting and other teams in performance of the OPCO with respect of the Investments made and checking for the necessary Goodwill Impairments and all the necessary deliverables and coordinate with the Auditors on justifying the assumptions and completing and finalising the process.
Critically review OPCOs business plan and forecast in conjunction with OPCOs historical performance market performance and group and market expectations and provide meaningful conclusions on which decisions can be made.
Lead and prepare the necessary financial / operations analysis to support GCFO for performing the monthly quarterly reviews including the necessary supporting for the analyst / investors calls and all investors presentation materials.
Capex Business Cases and PIR (Post implementation review) :
- Coordinate with OPCO / Group cross functional team to review and validate the capex requirements and the business cases supporting the AOP/3Year Business Plan for Capex requirements.
- Lead / coordinate for the Capex PIR (post implementation review) process for previously approved Capex Business cases along with cross functional teams.
- Prepare all the necessary analysis for PIR and summarise the analysis for Capex Squad for further action required on their performance.
Global Cost Benchmarking exercise Lead drive and own the process for internal Group Cost Optimization program to fulfil and implement the cost gap identified in the GCB Project to align with the long term strategic goals of the company in reducing cost and improving efficiency and with the immediate cost savings targets set as part of annual operating plan.
Coordinate and complete all the necessary analysis and information required for all the relevant projects from Mergers & Acquisitions team.
Lead / Coordinate and prepare all the necessary analysis and comments for the Board Materials in order to help and update the key findings and issues to Senior Director and GCFO to participate in the preboard and board meetings if necessary.
Support the team in Building and maintains internal valuation models to support Group accounting and finance functions (financial control Goodwill testing debt and equity capital market activities investor relations and others as necessary).
Assists in preparation of papers presentations spreadsheets and other materials for monthly board reports rating agencies investment management activities treasury reports bond offering IPO offering and other special situations as necessary.
Develop detailed understanding of subsidiary business environment including regulatory environment competitive strengths and challenges and other business issues.
Ensures the analytical data is available for Group Finance and the Board to make sound investment decisions on proposed investments.
Develops and maintains positive working relationships with Group finance staff
Must have minimum of 10 years experience within financial investment / analysis environment at least 4 of which should be in a Management position in a similar size organisation.Superior application software skills are required (Excel PowerPoint Word Outlook). Knowledge of MS Access and Project are desirable. Knowledge of basic applied statistics / econometrics would be an advantage.
Proven ability to audit (i.e. review understand and repair / redesign) and construct detailed spreadsheetbased financial models including income statement balance sheet and sources & uses of funds/cash flows.
Prior telecoms experience is essential and emerging markets experience is preferred.
Prior experience of ERP and reporting systems are highly desirable (Oracle Cognos Hyperion other(s)).
Bachelors degree in accounting finance business or related discipline.
Accounting qualification (CA CMA or similar) or MBA (finance) is desirable.
English fluency
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Employment Type
Full Time
