Manager - Finance; SPV​/Projects

Overview

Deliver timely and accurate financial information to management through the establishment of proper accounting and control systems This involves analyzing accounting data preparing financial reports and ensuring the distribution of financial information to senior management to facilitate decision-making Ensure the implementation of the best accounting control practices and adherence to global accounting standards across the organization The role will play a crucial part in assisting management in crafting strategic growth plans assessing and enhancing portfolio health

Duties amp Responsibilities

• Oversee and coordinate financial accounting process including monthly quarterly and annual closing process following closing checklist and booking revenues development costs and completing overseeing the completion of all monthly reconciliations
• Ensure compliance with accounting standards and regulations maintaining accurate financial records
• Implement operational best practices Create and implement accounting practices purchasing guidelines and ensure that accounting procedures adopted by the company are consistently updated
• Implement and strengthen financial controls to safeguard company assets and prevent fraud
• Establish and maintain effective relationships across all departments within the organization and ensure all issues raised are resolved timely and sufficient support given

• Coordinate preparation of the Company s annual budgets periodic forecasts and long-term financial projections ensuring alignment with operational plans business objectives and contractual requirements
• Operate and maintain the Company s integrated financial model incorporating operating assumptions revenue projections O amp M costs capital expenditure working capital debt service financing costs taxes and cash flows
• Update financial forecasts under different operating and commercial scenarios including sensitivity and stress testing of key assumptions and their impact on profitability liquidity and cash generation
• Work closely with Operations Commercial Technical and other functions to develop and validate key financial and operational assumptions underpinning budgets and forecasts
• Monitor actual performance against budget and forecast analyse variances identify key drivers and recommend corrective actions where required
• Using financial models prepare forward-looking cash flow forecasts and liquidity projections including assessment of funding requirements debt service obligations and availability of cash for distributions and other corporate requirements
• Maintain the financial model to reflect changes in operating performance contractual arrangements financing terms capital expenditure plans and other material developments affecting the project
• Provide financial analysis to the Management for business decisions such as major maintenance and capital expenditure initiatives

• Using financial models calculate and monitor key financial covenants and project finance ratios including DSCR LLCR leverage and debt service-related ratios in accordance with the applicable financing documents
• Maintain forward-looking covenant forecasts using the financial model and identify potential covenant headroom constraints or breaches at an early stage
• Coordinate the preparation and submission of periodic financial information compliance certificates lender reports and other information required under the financing agreements
• Prepare debt service requirements interest payments principal repayments DSRA reserve account requirements and other financing-related cash obligations
• Ensure accurate and timely reporting of covenant calculations and financial information to the Company s management Board Shareholders and Lenders

• Collaborate with Tax zakat teams on ongoing tax compliances
• Ensure all the compliance requirements in relation to VAT Corporate tax and zakat are managed and proactive action is taken to address such requirements in the accounting and control systems

• Develop and optimize financial accounting and reporting systems for accurate and timely reporting
• Take a leading role in driving and participating in organization-wide financial transformation initiatives

• Coordinate External Internal audits liaise with the auditors and ensure that all issues are timely resolved during the audit process
• Maintain internal controls by preparing and recommending policies and procedures substantiate financial transactions by auditing documents

• Coach the accounting staff and ensure that all staff are cross trained and growth needs are identified and development plans are put in place and executed

Over 7 years of diverse finance/ reporting experience, including a minimum of 3 years in management roles, preferably within the utilities industry.

Trained by…