MAIN OBJECTIVE

The jobholder is responsible for all budgeting, cost accounting, and financial and economic matters of his/her assigned Division.

As such he/she will monitor the performance of the Division including control and support in areas of budgeting, reporting, cost accounting, financial account, agreement supervision and other economic matters.

The person will ensure compliance with standards as mentioned in the financial manual as also with regulatory requirements. Will also ensure long term economic merit is the prime consideration in decision-making and negotiations.

MAIN DUTIES

1. Provide the division with proper financial reporting, variance analysis and advice on internal controls.

2. Coordinate and lead the division’s budgeting process, and once approved, control expenditure against plans and budgets and report on variances.

3. Assist the Head of Divisional Control in developing medium & long term Business Planning Issues related to the Division as part of preparation and contributing towards development of global long-term business plan.

4. Develop scientific forecast of expenditure and projects relating to the Division for inclusion in the Monthly Business Report.

5. Assist the Head Divisional Control in the preparation of the monthly KPI’s and Management Information Report.

6. Advise and report on all cost accounting, financial and economic matters of the area within the Division to exert effective cost control over the company’s activities, according to or in line with global best practices.

7. Keep a watchful eye on costs of the division; especially controllable costs, with a view to reducing cost as far as possible.

8. Continuously develop and refine the various costing models used by the company/division for better analysis and management of operating results.

9. Review existing and future economic viability for the divisions.

10. Carry out capital investment feasibility studies and various post investment analysis related to the Division.

11. Provide critical business related inputs during the process of contract negotiations.

12. Monitor the monthly reports received from outstations and follow up on exceptional items, and maintain business critical databases for effective control and decision making.

13. Develop various costing models and perform “What if” and sensitivity analysis to monitor and look for best possible solutions to various problems.

14. Evaluate existing and proposed operations of the Division, programs and procedures, with a view to create cost effective operations and robust control and containment of operations costs.

15. Periodic review of internal control procedure in the departments and recommend improvement where deemed necessary.

16. Build financial analysis and statistical reports and management presentation using combination of office automation products and tools. This includes identifying management requirements, collating relevant data from existing systems, preparing report templates and calculation rules, testing, auditing, etc.

17. Carry out detailed and in-depth research and feasibility studies while contributing to operations related costs.

18. Carry out economic evaluation of tender and proposals for contracts and agreements under assigned Division.

19. Preparation and presentation of direct and indirect operational costs and statistics used in flash report and other management analysis and carry out effective bench marking with industry standards.

20. Liaise with Internal and external Auditors to enhance controls at the Division and respond to their queries.

21. Assist the Head of Divisional Control in preparation of Business Cases or Presentations for the user Dept.

22. Liaise with Accounts Payable in processing supplier invoices in cases where three way matching can not be followed. Any anomalies need to be thoroughly investigated to protect the company interest.

23. Coordinate the Manpower numbers and budgets in liaison with user Department and Human Resources.

24. Work out the monthly provisional costs to be incorporated in the Monthly Business report for senior and executive management.

25. Ensure month end and year end accruals are reasonably prepared and posted to the system on time.

26. Responsible for subordinates KPIs and required to complete all stages of performance management system.

Education & Experience

• University Degree or an equivalent qualification in the field of business/economics/commerce.

• Fluency in written and spoken English, and demonstrated ability and experience in writing concise and accurate financial reports for executive level review.

• Excellent business report presentation skills.

• Must be computer literate. Knowledge on MS Suites is essential.

• Experience in GF core financial system is essential.

• Minimum 10 years of relevant experience.