Senior Finance Officer

Job description / Role

You will serve as a Senior Finance Officer and a member of the local business unit management team providing finance controlling and accountancy services to the Power Systems and Power Generation division of the business in Kuwait. Ensuring profitable and sustainable growth to the divisions.

Main Accountabilities:
1. Strategy
Serves as the key partner for the Local BU Manager in determining Local BU strategy, aligning with Global BU strategy, implementing, and making adjustments in implementation as needed. Maintains constant contact with Local BU Manager regarding financial, market and customer situation and outlook.
2. Business Planning
Oversees the business planning process in the Local BU and serves as the interface to HQ, Country CFO, Global BU and the Local BU Manager. Evaluates financial implications of various business decisions and recommends actions.
3. Business Performance
Contributes to definition of key performance indicators, identifies issues, and advises management on action plans and operational strategies to resolve. Drives for appropriate cost structure, productivity optimization, and capital efficiency.
4. Internal Controls & Compliance
Ensures transparency in financial reporting and disclosures. Defines and implements internal controls regarding financial and non-financial operations. Ensures compliance with corporate and country standards, regulations, and guidelines. Supports internal and external audits.
5. Financial Reporting
Ensures financial reporting management in accordance with defined quality standards and required ABACUS closing schedules. Oversees all local BU financial reporting, business planning, budgeting and forecasting.
6. Optimization
Ensures continuous improvement in the financial control process in alignment with global standards and local policies.
7. Cash flow
Manages and closely monitors the Local BUs cash flow and takes action to improve Net Working Capital management.
8. Risk Management
Assesses business risk exposure and defines risk mitigation strategies to reduce impact on Local BU business performance. Executes global risk review procedures and processes to minimize financial risk and exposure.
9. Contract and Proposal Review
Reviews orders and contract specifics to verify accuracy versus proposal and/or standards. Advises on financial and commercial aspects of proposals, contractual terms and conditions, risk reviews, contract structuring, tax issues, cash flow analysis, assignment conditions, and other relevant issues. Reviews and approves full cost model and price lists.
10. Internal Stakeholders
Ensures timely and efficient communication with Country Controlling, Division Controlling, Accounting Center, and other internal customers to identify and discuss issues for improvement of operations, work quality and efficiency of the Local BU.
11. HR
Ensures (with HR manager support) that the area of responsibility is properly organized, staffed, skilled and directed. Guides, motivates and develops direct and indirect subordinates within HR policies.

This is an amazing opportunity to work with a global supplier of products and services to the Power Systems and Power Generation sector. If you feel your background and resume suits the above job description please apply now online.

Requirements

- 10 years of Finance Controlling and Accountancy experience
- Ideally from an engineering finance background but will review other backgrounds
- Degree or Masters qualified in relevant finance and accountancy courses

About the Company

Networkers is a global recruitment consultancy helping unite job-seekers and hiring companies across the technology industry. Since Networkers was established in 2000, the business has grown considerably and we have consistently proven our ability to connect the right people with the right roles in the right businesses around the world. What makes us unique is our ability to offer a local service on a global scale. From our 14 offices spanning across four continents, we are able to recruit in more than 130 countries.