Associate Manager - FP&R

JOB PURPOSE:

To manage consolidation and reporting of financials for the assigned area in order to support the effective decision making for achievement of objectives and to ensure financial statements and transactions are in compliance with EGA’s policies and procedures, regulatory requirements, and international financial and accounting reporting standards.

KEY ACCOUNTABILITIES:

Policies, Processes & Procedures

          Supervise the implementation of functional policies, systems, processes, procedures and internal controls covering the assigned areas of the financial planning and reporting function so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service in a consistent manner

          Contribute towards the continuous improvement of existing policies, processes and procedures by collating inputs from team, identifying and recommending improvements.

Team Supervision (if applicable)

          Ensure all reportees have clear objectives and regular performance monitoring and feedback sessions in order to enable the effective achievement of goals

          Provide on-the-job training and constructive feedback to all subordinates in order to contribute in the development of a workforce with the required skills and capabilities

Day-to-day operations

          Supervise the day-to-day function of financial planning & reporting sections to ensure that work processes are implemented as designed and comply with established policies, processes and procedures

          Oversee the development and administration of Business Planning and Controlling (BPC) system to ensure accuracy of collection of data and reporting

Annual Budget Preparation

          Review plant’s annual plans and budgets produced by departments and area analysts and provide recommendations to ensure they meet cost and profitability targets, whilst being realistic and achievable  

          Evaluate business requirements and manage the consolidation of the assigned area’s budget in-line with business plans to ensure timely submission of budgets to the group reporting and accounting function, while ensuring accuracy of methodology, projections and calculations

Budget Monitoring & Reporting

          In conjunction with the FP&A teams, monitor / control expenditure to facilitate operations of the area by controlling costs and exercise in order to achieve a financial performance over the budgeted figure

          Monitor and report the financial performance versus budgets so that areas of unsatisfactory performance are identified and rectified promptly, and potential performance improvement opportunities are capitalised upon

Financial Planning 

          Manage the consolidation of financial plans and financial forecasts for the assigned area in line with the corporate financial strategy and the overall objectives

          Manage the development of quarterly forecasts (P&L, Balance Sheets & Cash flow) in liaison with the area analysts to facilitate effective financial planning in line with the assigned area’s business plan

          Liaise with key area FP&A teams to ensure provision of regular information relating to key financial performance indicators to the finance team

          Supervise team for the consolidation and reporting of the key performance results to ensure regular performance monitoring, identify any major variances and to generate comprehensive supporting analysis.

          Review and consolidate the performance analysis and reports prepared by area FP&A teams and report any exceptional variances (actual versus budget) if any

Fixed Assets Control & Reconciliation 

          Ensure fixed asset depreciation, reconciliation and impairment assessment are regularly completed in accordance with international accounting standards

          Oversee all activities related to the reporting of capital expenditures (plants and corporate functions) to ensure the relevant procedures are followed and expenditure is within limits of approved budget.

Reporting

          Review the analysis, interpretation and communication of financial information and prepare management reports to reflect the overall performance of the plant with summaries and analyses on cash flow, balance sheet income statements, capital assets, revenue etc. to support the decision making process

          Review of monthly reports for Flash, Financial Statement (PNL, Cash flow, Balance Sheet), Working Capital, Savings Initiatives, Controllable costs, Management Reports, BPR, BSC and all related schedules to support monthly reporting with variance analysis to ensure accuracy and present to management to support the decision making process.

          Supervise the development and preparation of additional reporting tools and processes as may be required by management and/or third-party stakeholders, including but not limited to analysis of financial and operational performance by segment and profit centre

Communication and Networking

          Ensure effective coordination and regular communication with all relevant internal and external stakeholders (such as area FP&A teams, CMOI, financial institutions, auditors, service providers etc), adhering to the highest standards of business ethics, in-order to ensure the services required by the organization are delivered collaboratively and in the most effective manner

Continuous Improvement

          Stimulate subordinates and contributes to the identification of opportunities for continuous improvement of systems, processes and practices taking into account ‘international best practice’, improvement of business processes, cost reduction and productivity improvement

Safety, Quality & Environment

          Ensure compliance of subordinates to all relevant safety, quality and environmental management policies, procedures and controls across the section in order to guarantee employee safety, legislative compliance and a responsible environmental attitude

Related Assignments

          Perform other related duties or assignments as and when directed

          Support Physical verification of asset and stock as and when required.

AUTHORITY/ DECISION MAKING:

Guidelines:

          Thinking within clearly defined policies, standards and specific objectives

Decision Making:

          Direction of work is subject to practices and procedures, output is managed.

QUALIFICATIONS & SKILLS:

Minimum Qualifications:

          Bachelor’s degree in Finance, Commerce, Accounting, or equivalent.

          Professional qualifications are highly recommended (CIA, ACCA, ACA, CMS, CIMA or equivalent)

Minimum Experience:

          4-7 years of experience in financial planning and analysis role in a large environment, preferably in manufacturing, metal, or mining industry.

          Experience of managing a team and ability to interact with large group involving different nationals.

Skills:

          Team management skills

          Relationship management

          In-depth knowledge of the aluminium manufacturing sector and EGA’s products and business strategies in recommended.

          Knowledge of statutory and internal financial management standards

          Knowledge of financial policies and procedures

          Effective communication and presentation skills

          Knowledge of industrial best practices, laws/regulations

          Management reporting