Finance Manager

Job description / Role

Saudi Nationals are highly encouraged to apply for this role.

The Finance Manager represents the finance function in the business and takes full ownership of the accuracy and timeliness of the P/L , GL and CF. To execute this , the Finance Manager has to develop a deep insight into the business and local regulatory frame works ( Tax ,Vat and other financial regimes ), form productive , value enhancing relationships with GM and the local team , as well as with the SSC, Corporate and local institutions .

This role will have solid line to country management and dotted line to the FP & A function.

ACCOUNTABILITIES:
- Manages the day-to-day operational banking relationships in the country and provides periodic feedback to Group Treasurer on bank performance.
- Coordinates the audit with the controllership team and auditors – communication first to be coordinated with Corporate Controller to avoid wrong “external” communications.
- Understand and explain difference between management accounts, local books and tax books in country.
- Coordinates preparation of local tax returns with local tax advisors as approved by Corporate Finance.
- Prepares monthly reporting pack and on demand financial reports, comparative income statements and balance sheet reviews with local management and FP&A team.
- Executes policies and procedures and assists subordinates in application of policies and procedures as set by Corporate Finance.
- Provides timely accurate financial reports for the averda business to local MD and Corporate FP&A team.
- Provides accurate 13 weeks rolling cash forecasts on a weekly basis to MD and Corporate Treasury.
- Plans and schedules business project timelines and milestones using appropriate tools and enables Corporate Finance support if and when required
- Manages accounts and supports receivables and all collection functions in country
- Manages the preparation of the company budget in coordination with Corporate FP&A, following Corporate guidelines on budget process
- Reports to management and Corporate FP&A on variances from the established budget and related action plans to get back on track to meet budget targets
- Prepare and provide timely monthly FP&A decks for group consolidation to exCom
- Prepare monthly forecast for the country
- Manage local working capital, mainly DSO (AR) and DSI (inventory)
- Optimize local cash generation in country
- Engages in on-going cost reduction analysis and resources optimization in country
- Tracks and analyzes operational data/metrics to optimize profitability of existing projects in country
- Interprets the entity’s financial results and recommend improvements
- Coordinates forecasting demand with procurement
- Reviews contracts and provide recommendations on financial terms
- Supports local management in different business cases
- Provide ad hoc financial information to local management

PERFORMANCE MEASURES/SUCCESS CRITERIA:
- Timely analysis and reporting
- Planning monthly/quarterly meetings with the COO/MD/FP&A
- Efficiency opportunities identified in order to create more value for the business
- Alignment to functional and business goals as well as the functional governance and standards
- Successful stakeholder management
- Supporting the MD in the daily decision making

Requirements

This Position requires a University degree; local finance/tax experiences as well as local language skills is a plus.

- Years of Experience ideally between 5 and 7 years
- Experience as finance professional within the areas of Finance and Controlling or Financial Planning and Analysis
- Experience with IFRS
- Exposure in multinational environment
- Excellent knowledge in the areas of Finance, planning and operations. Broad understanding of the external market and how it should influence strategy
- A proven consultative approach and an ability to influence senior leadership regarding critical business decisions
- Just be flexible, adaptable and motivated by constant change. Proven success in an ever changing, entrepreneurial and fast-paced environment

About the Company

Averda is the leading provider of waste management services to emerging markets. For over 35 years, Averda has been continuously improving living and working environments for millions of people by providing effective and transformative city cleaning and waste management services.

Averda was built on the idea that clean streets are one of the cornerstones of growth and prosperity, delivering safer, healthier environments for communities to flourish.

As urban populations continue to boom across Africa, Asia and the Middle East, Averda is uniquely placed to work with fast-growing countries to develop long-term and sustainable waste management solutions for cities and expanding urban centres.