Head of Finance
United Development Company (UDC)
To plan, organize, lead and control the finance section activities including payroll, purchasing, accounts payable, accounts receivable, budgetary and financial reporting and utility accounting, billing and collection, whilst assuring that managerial and financial accounting activities comply with generally accepted accounting principles and with UDC and the State of Qatar’s accounting requirements and prescriptions.
Take responsibility for the overall management and delivery of the business plan.
In conjunction with other section heads and UDC Finance Department, draft, monitor and assess the business and development plan.
Assess options for coordinating the activities, procedures and systems so as to promote common policies and practices, in conjunction with Manager Administration and Planning.
Develop the organization’s funding base to secure present and future service delivery.
Liaise and negotiate, in conjunction with the funding authority and other funding sources on future service delivery initiatives and developments in conjunction with the GM UFMCO.
Maintain appropriate relations with funders and make reports as necessary.
Maintain day-to-day financial control of the organization.
Ensure that all finances are properly administered and monitored.
Advise on the proper allocation of resources.
Ensure that appropriate financial controls and regulations are in place at all times, in line with the prescriptions of Generally Accepted Accounting Practices, and International Accounting Standards.
Prepare and review detailed budgets for review.
Prepare and submit all necessary financial statements as required by UDC.
Regularly review and revise monthly and annual forecasts.
Ensure proper strategic financial planning for UFMCO, in cooperation with Manager Administration and Planning.
Ensure that all accounts are paid.
Ensure that all payroll obligations are processed as per policies.
Develop world-class management accounting practices that will optimize UFMCO cash flow and asset utilization practices.
Develop world-class financial accounting practices that will result in best of breed financial reporting standards, including statements of financial position, comprehensive income, cash flow and changes in equity.
Advanced degree in Business Administration, accounting or finance field, preferably CA, CFM.
Preferably facilities management experience.
Microsoft Office Suite proficiency.
Utility billing system knowledge.
Investment and treasury functions and activities.
Budget preparation and control.
Generally accepted accounting principles.
High degree of mathematical literacy.
Ability to read, interpret and explain rules, regulations, policies and procedures.
Strong analytical skills.
Ability to show good interpersonal skills with partners.
At least five years similar experience.
About the Company
United Development Company (UDC) was established in July 1999 as one of the leading private sector shareholding companies in the State of Qatar and the Middle East, and has been listed on the Doha Securities Market since June 2003.
UDC’s mission is to identify and invest in long-term projects contributing to Qatar’s growth and providing good shareholder value. The company has an authorized share capital of QR 1.072.5 billion (US $294 million), a market capitalization of US$ 902MM and total assets of US$ 1,131 MM.
From day one, the company’s mandate and mission has been to become a cornerstone of the development of Qatar, creating lasting value and maximizing returns for partners and shareholders.