Description :
MHHGC - GLOBAL EXECUTIVE SEARCH
Our Client is an important group of companies with a turnover of over $1.25 Billion and more than 10.000 employees. The HQ is based in the Middle East with worldwide operations and 25% of annual growth.
They are organized into two main huge divisions:
The Electric Division is the industrial arm of this group of companies in which they manufacture a variety of Low, Medium and High Voltage Electrical Construction Products.
The Construction Division is an Engineering Procurement & Construction (EPC) company with an impressive track records of consistent growth. Moreover they have emerged as a strong EPC contractor in the Energy, Infrastructure as well as Engineering Services sectors in the Middle East.
THIS IS A TOP POSITION - FOR TOP EXECUTIVES
We are currently looking for a Top Director coming from large companies of at least +1B$ able to manage a large Team with over 50 accountants (strong management experience) and an industrial and/or manufacturing background is a must. Regional/ Middle East experience is preferred, SAP experience is a tremendous plus.
This is a Very High Level position (at CFO or just one level below)
Job Description
FUNCTION
Accounts, Budgets, Costing
Position Title
Financial Controller/ CFO/ Director
Coming from LARGE IMPORTANT INDUSTRIAL COMPANIES is a must.
JOB PURPOSE
This Position exist to control and direct accounting functions and Accountable for budgetary control system, costing inventory, capital expenditure, auditing, forecasting in order to meet the information needs of management, the operating divisions in the company, government and statutory bodies.
KEY ACCOUNTABILITIES
Budgetary Control System
Manage the accounts, budgets and financial activities of the different operations divisions in the Company to meet the information needs of management, the company, government and statutory bodies.
Direct and Co-ordinate the planning and preparation of annual and longer-term capital and operating budgets of the departments to ensure they are in line with the business plans to optimize the financial resources available and set future course of action.
Costing Inventory
Direct functional counterparts in operating units as required, and to operating and senior management on matters involving cost determination problems, or issues such as inventory valuation, cost centre labour rates and distribution of overhead and product pricing.
Fixed Asset and Capital Expenditure Analysis
Direct maintenance of fixed asset records and related depreciation accounts and provide interpretative assistance as to the proper capitalisation / expensing of outlays and grouping of fixed assets by class, as well as depreciation methodology.
Forecasting and Profitability Analysis:
Participate in the development of long-range financial forecasts and related budgets, perform variance analysis to compare budgeted figures to forecasts (profitability analysis) and consider alternative scenarios and economic prospects as appropriate to ensure accurate forecasting is achieved.
Supervise the preparation of annual financial statements for the group and approve based on accounting standards
Prepare Consolidated Financial reports for the Company and subsidiaries
Managing Data Collection and Storage
Ensure data collection procedures are implemented to collect data from different departments in timely and efficient manner and all the data is regularly updated in the respective accounts IT system.
Direction of Subordinates
Organize and supervise the activities and work of subordinates to ensure that all work within a specific area of accounting activity is carried out in an efficient manner which is consistent with operating procedures and policy.
Instruction Manuals and guides
Prepare instruction manuals and guides for easy reference by personnel and to ensure clarity on every step of the Accounting process
People Development
Guide, motivate and develop subordinates to work together as a team and display high levels of performance.
Supervise and guide the work of accounting executive managers and there operations and control and make sure the safety and healthiness of these procedures
Cost Control
Monitor the financial performance of a given area of activity versus budgets so that areas of unsatisfactory performance are identified and rectified promptly and potential performance improvement opportunities are capitalised upon.
Policies & Procedures
Recommend improvements to departmental procedure and direct the implementation of instructions and controlscovering a specific area of accounting activity so that all relevant procedural/ legislative requirements are fulfilled whiledelivering a quality, cost-effective service to customers.
Safety, Quality & Environment
Ensure compliance to all relevant safety, quality and environmental management procedures and controls within adefined area of accounting activity to guarantee employee safety, legislative compliance, delivery of high qualityproducts/ service and a responsible environmental attitude.
Other Related Duties and responsibilities
1. Meet the needs of the group for accounting reports, accounting data and provide suggestions to facilitate and support decision-making.
2. Prepare reports and statistics reflecting earnings, profits, cash balances and other financial results.
3. Highlighting the weak and imbalances points and bottleneck situations that may accurse in any business activityand submitting to the respective division manager.
4. Supervise the preparation of development of accounting programs based on approved standard procedures.
5. Prepare final accounts and the financial status of the group at the end of the year and prepare reports on results achieved.
6. Provide suggestions to the CFO on the modification or simplification of accounting procedures and courses according to the needs of work and to insure the integrity of financial procedures, including discipline and does notviolate the procedures, after approval by the CFO.
7. Study the present system of accounts and provide suggestions for improvement.
8. Assist in the development and implementation of accounts increases, commissions on the salaries of the staff.
9. Supervise of the operational training needs of accountants and technical work to meet.
10. Follow up the implementation of recruitment of the best cadres to implement the plans for the future.
11. Prepare the second row of staff for supervisory positions to perform managerial duties.
12. Ensure full compliance and adherence with existing policies and procedures.
OTHER
The General Manager Accounting reports to the CFO and confers with the latter on critical, strategic issues.
The job holder is expected to draw up own plans, and ensure implementation of the same.
Key decisions affecting the direction and operation of the Accounting function must be referred to the C.F.O for ratification before they can be implemented.
Exercise financial authorities at the level established by Management for this position.
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Requirements :
QUALIFICATIONS, EXPERIENCE, & SKILLS:
Accounting University Degree, Chartered Certified Accountant (ACCA)
Masters degree in the field of Finance and Administration, MBA , CPA or CMA
10 – 15 years of experience in the management of accounts
8 years in similar Position
Experience of managing Accounts and Finance department
Coming from large industrial companies
No freelances / This is a corporate executive position
This is an EXPAT position/ TOP FREE TAX EXPAT PACKAGE
(F R E E T A X A R E A)
CFO level/ Fast Career
MUST
English Language : Level ABLE TO NEGOTIATE
Knowledge of Policies and Procedures
Time Management
Business Skills and Understanding
Financial Awareness
Well versed in PC Applications
Experience in ERP Finance like SAP (or Oracle) is very important
Performance Management
Giving Presentation
Project Management / Top Management Skills
Financial Accounting
Costing & Budgeting |
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