Senior Manager - FP&R

About Emirates Global Aluminium

Emirates Global Aluminium is the world’s biggest ‘premium aluminium’ producer and the largest industrial company in the United Arab Emirates outside the oil and gas industry.  EGA is an integrated aluminium producer, with operations on four continents from bauxite mining to the production of cast primary aluminium and recycling. EGA employs over 7,000 of these people including more than 1,200 UAE Nationals. EGA operates aluminium smelters in Jebel Ali and Al Taweelah in the United Arab Emirates, an alumina refinery in Al Taweelah, a bauxite mine and associated export facilities in the Republic of Guinea, a speciality foundry in high strength recycled aluminium in Germany, and a recycling plant in the United States.

Job Purpose:

To oversee the budgeting, planning, consolidated financial reporting and forecasting functions for EGA, to support the achievement of overall business strategy through timely and commercially relevant insights and analysis based on best practice financial planning, and to manage continuous improvements in these areas.

Key Accountabilities:

Strategic Contribution

• Drive effective internal communications with area owners to support EGA vision, strategy, mission and corporate objectives
• Oversee the consolidation of reports across EGA group and present to the management on overall group performance against budget
• Oversee the analysis carried out for various functions within EGA and drive improvement opportunities

Policies, Processes & Procedures

• Manage the implementation and development of functional policies, systems, processes, procedures and controls covering all 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
• Ensure that work processes are implemented as designed and in compliance with established policies, processes and procedures
• Manage the continuous improvement of existing policies, processes and procedures to drive incremental benefits through efficiencies and better insights and analysis

People Management

• Manage employee performance and development by assigning individual performance targets and development objectives at least on an annual basis
• Direct and supervises the activities and work of subordinates by providing formal and informal feedback regularly and on a timely basis, to ensure that all work is carried out in an efficient manner and in accordance with set individual targets

Annual Budget Preparation

• Review the budgeting process to ensure accuracy of methodology, projections and calculations generated from the departments
• Review the annual plans and budgets produced by all areas to ensure they meet the targets, whilst being realistic and achievable
• Review submissions produced by all areas to ensure they meet financial and operational expectations and targets.
• Coordinate with Managers across areas to create awareness of financial plans and business performance across all levels to establish support of achievement of budgetary compliance

Financial Planning and Forecasting

• Consolidate EGA’s budget, monthly, quarterly, annual and long-term financial forecasts and reporting in-line with the financial and operational strategy and management requirements
• Oversee the forecasting and reporting processes to ensure accuracy of methodology, calculations and projections generated by all departments
• Monitor the development of detailed financial plan and financial forecasts including 5-year plan for all areas in line with the corporate financial strategy and the overall objectives of the department
• Manage the development of the annual business plans and presentations for executive review meetings
• Oversee the development of quarterly forecasts (P&L, Balance Sheets & Cash flow) in liaison with business heads to facilitate effective financial planning in line with the business plans
• Oversee collaboration and communications with teams to ensure that outputs are understood by the various departments and embedded into their regular management reporting processes and performance metrics as the basis for regular reporting and performance management
• Review submissions produced by all departments to ensure they meet financial and operational expectations and targets and are based on a consistent set of assumptions, and that such information has been subject to adequate analysis and scrutiny by the FP&A team to develop a thorough understanding

Budget Monitoring & Control

• Monitor / control expenditures and advice all areas on the same to support the assigned area in controlling costs and to achieve a financial performance over the budgeted figure
• Reviews expenditure analysis to ensure performance across all areas has been understood based on the underlying operational drivers of the business, including any areas of variance between actual, budget and prior year

Capital Expenditures Monitoring

• Review activities related to EGA’s capital expenditure to ensure the relevant procedures are followed and expenditure is within limits of approved budget

Financial Analysis & Performance Monitoring

• Liaise with key stakeholders across all areas to ensure provision of regular information relating to key financial performance indicators
• Liaise with various FP&A teams to receive the plant reports across various streams in order to consolidate, analyse and present to the management
• Manage the process of reviewing area performance reports by comparing actual with previous year results and budgeted results and analyse any variances to highlight areas of concern and recommend corrective/ preventive measures
• Review the performance analysis and reports prepared by FP&A teams and report the above to the senior management to ensure cost control and achieving the overall strategic direction and for proper action planning in accordance with corporate targets and guidelines
• Review and facilitate the provision of any necessary financial analysis with respect to commercial evaluation process for all large and complex commercial proposals to support management in securing the most profitable and best terms in accordance with corporate guidelines and standards

Physical Inventory

• Manage the coordination with warehouses to conduct stock reconciliation of all related inventories and directs the development of balance statements to facilitate accurate analysis of inventory status /asset management

Management and Third-Party Reporting

• Review and oversee analysis and reports produced by associates/ analysts to ensure clear communication of financial and market information in management reports that reflect the overall performance of EGA to support informed decision making on a timely basis, including ad hoc analysis in response to specific management information requests
• Review analysis of EGA financial benchmark KPIs with leading peers in the aluminium industry and overall market trends, ensuring such analysis correctly captures the distinction between the impact of market and management factors
• 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

• Manage and prioritise change and continuous improvement through adopting different and innovative approaches to address problems and opportunities, facilitate the implementation and acceptance of change, and contribute to sharing best practices across the organisation to continuously improve productivity, reduce operating costs, and enhance operational excellence

Safety, Quality & Environment

• Ensure compliance 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

• 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

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:

• 7-10 years’ experience in financial planning and forecasting operations, in a large manufacturing environment including at least 3 years in positions of progressively increasing managerial responsibilities
• Experience of managing a team and ability to interact with large group involving different nationals

Skills:

• Team development and people management skill
• Relationship management, negotiation and influencing skills
• In-depth knowledge of the aluminium manufacturing sector and EGA’s products and business strategies
• Knowledge of statutory and internal financial management standards
• Knowledge of best-practice financial policies and procedures, including awareness of current and upcoming financial reporting standards
• Effective communication and presentation skills
• Knowledge of industrial best practices, laws/regulations
• Management reporting
• Financial analysis and budget planning skills
• Proficiency in ERP and MS PowerBI (or similar data analytics software) preferred