Financial Planning Analyst

Roles and responsibilities

Lead the continuous improvement initiatives to drive efficiency in financial processes by providing accurate & timely financial reports, analyzing annual budget while ensuring compliance with rules and regulations at entity and consolidated level. Lead project financial analysis for cost optimization, business development opportunities, organizational structuring and other Nakilat defined corporate initiatives.

Accountabilities

Key Accountabilities:

Financial Reporting
1. Lead the quarterly, half-yearly and annual consolidated financial statements within required timeline.
2. Ensure financial statements are prepared in compliance with IFRS & US GAAP.
3. Present entity level performance on CFO’s quarterly review meeting.
4. Prepare quarterly Management & Board report with variance analysis and commentary.
5. Coordinate with external auditors for annual statutory audit, half-yearly review, and interim audit to ensure that all audit queries are adequately addressed and resolved in a timely manner.
6. Provide monthly OPEX cost report for Fleet Dept. to comment on variances, in collaboration with FP&R team, as needed.

Planning
7. Lead annual budget activity by seeking relevant information and explanations from budget owners.
8. Prepare entity level annual budget with analysis & explanations.
9. Prepare financial slides for JV Board meeting and present the annual budget to the JV Board.
10. Provide current year forecast for Management review on a quarterly basis.
11. Provide medium term forecast with sensitive analysis for Management to understand Company’s medium-term outlook
12. View the budgets and forecasts from an organizational vantage point to analyze cost drivers and offer recommendations.
13. Present detailed analysis of G&A, manpower costs and capex for annual planning and quarterly MIS reviews.
14. Coordinate with organizational departments to prepare and analyze cost allocations (service fees, management fees, cost distribution etc.).

Due Diligence and Projects
15. Lead Nakilat growth projects (asset acquisition, long term projections, joint venture initiatives etc.) on behalf of the Finance department by providing insights on risk, reporting, cashflow etc.
16. Lead the preparation of financial reports for commercial opportunities, contract renewals, refinancing, lease renewals etc. by clearly providing potential impacts on Nakilat’s financial position (pro forma financial statements) and giving relevant recommendations.
17. Act as finance expert on internal project and structure costing exercises.
18. Obtain input from all Nakilat functions to deliver vessel management fee charges on an annual basis.
19. Submit Nakilat’s segment structure and model for senior management review.

Desired candidate profile

• Bachelor’s degree in Finance, Accounting or any related field
• Specialized certificates are preferred, qualified or partly qualified e.g. ACCA, CA, CPA, CMA.

Experience:
• 6 – 10 years of related experience in a similar position with reputable MNC, preferably in a similar industry or Oil and Gas.

Job Specific Skills:
• Advanced knowledge of accounting and financial principles and tools. (International Financial Reporting Standards), cost accounting and management reporting.
• Knowledge of financial concepts and statistical/analytical methods and ability to use data effectively to develop, implement and manage operational plans and actions.
• Advanced experience in using SAP or similar ERP system.
• Experience working with organizational costing/allocation models to properly analyze the main driving factors of change and variances year over year.