Director Financial Planning and Reporting

To be responsible for ASYAD Shipping Group’s Strategy Development and Budget changes and how all this is depicted in the Group’s Business plan and budgets preparation, monitoring, evaluation and reporting. To be responsible for the Group’s financial modelling and ensure the consolidated cash flow forecast model is up to date for decision making. To ensure the investment calculations are presented in a professional manner and as per company requirements, shipping practices and ready for review by Executive management and shareholders.

To oversee general ledger, budgeting and tax matters on a daily basis. To manage the monthly, quarterly and annual financial statements for all the companies including the consolidated financial statements and ensuring compliance with all relevant regulatory, financial reporting and legal requirements. To manage that the Group Companies are in compliance with the rules and regulations issued by all relevant authorities and that all tax/financial reports are submitted accurately and timely.

To ensure that the ERP system is developed correctly and used at its maximum potential.

• Manage the preparation of the five-year strategic business plan and standalone (more than 50 companies) and consolidate annual budget for ASYAD Shipping Company (more than 50 companies).
• Monitor, evaluate and review the reporting of annual budget monthly through Management Information Report ("MIR") and quarterly through Quarterly Business Report ("Q ") where actual vs budget figures are presented and variances are explained and submitted to the relevant department.
• Be responsible to review any other ad hoc report related to budget.
• Review all departments utilizations of the general and administrative expenses on a monthly basis.
• Review OPEX and CAPEX variances on a quarterly basis.
• Review revenue and voyage performance of the fleets on a monthly basis and report required actions.
• Review benchmarking with other shipping companies in terms of revenue and costing.

• Monitor and report quarterly the financial performance of a given area of activity and business segments versus budgets/project economics so that areas of unsatisfactory performance are identified and rectified promptly, and potential performance improvement opportunities are capitalized upon.
• Review all financial models/calculations, quarterly updating of cash flow forecast to be used for investment decisions, negotiation with third parties and other requirements as requested by the Executive Management.
• Development of different investment calculations as per company requirement/shipping practices for review by Executive Management and Shareholders.
• Ensure accuracy and proper development of templates and reports for the review and assessment of the departmental KPIs.
• Portfolio management of the difference future and existing business ventures and the assessment of current financial position aligned with the company’s business plan/direction to ensure market competitiveness and risk management.
• To be financial business partner when it comes to making decisions on current and future investments and leverage, aligning these views with the financial plan.
• Proposal of most tax efficient jurisdictions to operate new companies/ventures or suggest change of existing operations.
• Monitor process of liquidation of companies as and when required.
• To monitor and report company’s leverage and cash position to ensure the company’s finance health.
• Development of different investment calculations as per company requirement/shipping practices for review by Executive Management and Shareholders.

• Manage and review monthly, quarterly and annual financial statements for the group companies, individual and consolidated.
• Ensure that any financial reporting projects or audits run smoothly and timely and manage relevant flow of information.
• Ensure that financial statements are in accordance with the International Accounting Standards (IAS), International Financial Reporting Standards (IFRS) and local legal framework.
• Ensure completeness of…