Associate Manager - Plant Analysis

JOB PURPOSE:

To manage the budgeting, planning, forecasting, management reporting, capital and operational expenditure monitoring, month end activities and financial evaluation functions for the Operations area in order to support the achievement of Operations area objectives and to facilitate effective cash flow management and cost control in accordance with corporate targets and guidelines

KEY ACCOUNTABILITIES:

Policies, Processes & Procedures

Develops and oversees the implementation of functional policies, systems, processes, procedures and controls covering all areas of the financial planning and analysis function relating to Operations area so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service in a consistent manner

Day- to-day operations

Reviews and supervises the day-to-day operations of financial planning and analysis section of operations area to ensure that work processes are implemented as designed and comply with established policies, processes and procedures

Month-end Activities

Reviews the month-end activities performed by area analysts with respect to operations area in the form of accruals, rationalisation of operating parameters, mass balance, plan to produce process and valuation of inventory

Annual Budgets and Plans

Reviews the Operating budgets of the operations area with past performance and rationalise the variances and also completeness with respect to other departments

Reviews and ensures the budget estimates made by the operations area for completeness, accuracy and compliance with assumptions and strategic requirements of the company

Reviews operations area annual plans and budgets produced by departments to ensure they meet cost and profitability targets, whilst being realistic and achievable

Monitors / controls expenditures and advices Operations Area on the same so as to facilitate operations of the (area) by controlling costs and exercise in order to achieve a financial performance over the budgeted figure

Coordinates with all analysts within operations area to create awareness of financial plans and business performance across all levels in order to establish support of achievement of budgetary compliance across the Operations area

Review and ensure the financial performance versus budgets activity of the operations area been done by area analysts  to identify areas of unsatisfactory performance and rectified promptly and potential performance improvement opportunities are capitalised upon

Monitoring Profitability

Manages the process of reviewing  the operations area financial performance reports by comparing actual with previous year results and budgeted results including analysing the variances of all operations area

Reviews and ensures that the selected key performance results of operations area been conducted by area analysts to ensure the overall performance of the month and investigates major variances of the operations area

Reviews the performance of the operations area and the forecasts of monthly, quarterly, and annual requirements of the operations area  done by analysts

Reports the above to the senior management of the operations area to ensure cost controls and achieving the overall strategic direction and for proper action planning in accordance with corporate targets and guidelines

Capital Expenditures Monitoring

Supervises all activities related to the operational area capital expenditure to ensure the relevant procedures are followed and expenditure is within limits of approved budget

Reviews and ensures analytical support provided by analysts to the senior management in making business decisions with respect to capital expenditure

Recommendations Evaluation

Support to business excellence programme by reviewing evaluation of suggestions, TAP done by area analysts with respect to operations area and ensure it is  in line with the guidelines and standards agreed

Commercial Evaluation

Reviews and provides the necessary information with respect to commercial evaluation process for all large and complex commercial proposals in the operations area  to facilitate effective conducting of financial assessment while leading negotiations with external parties to secure the most profitable and best terms in accord with corporate guidelines and standards

Management Reports

Reviews and ensures the necessary operational and financial information of the operations area been provided by analysts in order to facilitate the  preparation of 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

Physical Inventory

Reviews the stock reconciliation reports of all inventories related to operations area submitted by departments  and ensure  accurate analysis of inventory status /asset management

Internal Controls

Ensure the implementation of the EGA’s corporate internal financial controls within the operations area in accord to legislative and organisational procedures so as to protect and safeguard the organizational assets and financial resources against any possible violations and support effective achievement of business objectives

Communication and Networking

Ensures effective coordination and communication with all departments of operations area, auditors, service providers, consultants, etc. with highest standards of business ethics, in-order to ensure the services required by the organisation are delivered in the most effective manner

People Management

Supervises the activities and work of subordinates by providing formal and informal feedback to ensure that all work within the financial planning and reporting section is carried out in an efficient manner and in accordance with set individual targets

Safety, Quality & Environment

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

Related Assignments

Performs other related duties or assignments as directed

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 Economics, Finance, Accounting or equivalent

Fully qualified accountant (ACCA, ACA, CMS, CIMA or equivalent).

Minimum Experience:

6-8 years of experience in financial planning and forecasting operations, in a large manufacturing environment including at least 3 years in positions of progressively increasing managerial responsibilities in metal and mining industry.

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

Skills:

In-depth knowledge of the aluminum manufacturing sector and EGA’s products and business strategies

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