FP&A Analyst

Job description / Role

General Overview

Providing water, energy and waste management solutions for 160 years, Veolia offers public authorities and industries with a range of water, energy and waste management services vital to human development and sustainable growth in 48 countries around the world. We continue to adapt and innovate inline with economic growth and human development by designing and implementing solutions that will have a positive impact on the environment and resources. As Veolia Resources, our goal is to build a better 21st century.

In the UAE, Veolia works with industries, governments and communities, retail and commercial businesses to deliver innovative and sustainable solutions that are needed today and in the future. Through public-private partnerships and innovative contractual schemes, Veolia is committed to achieving quantifiable results with sustainable, pragmatic environmental solutions.

Key figures:
More than 1,500 employees in the UAE (in addition to the 5,000 for Enova which reports directly to Veolia AMO, for Facility Management and energy Efficiency contracts in the ME)
A strong local network across the region (UAE, Oman, Qatar, Bahrain, Kuwait, KSA, Lebanon, Jordan, Turkey)
30 years of sustainable partnerships with more than 6,000 references.

Context
Veolia UAE HQ provides business support and expertise to its various local entities and ensures that the Veolia Group strategy, policies, processes and tools are implemented appropriately and in a timely manner as well as customized to our local needs. The role of the Financial Planning & Analysis (‘FP&A’) Analyst is to not only be responsible for reporting and analyzing financial performance of the UAE but to also provide in-depth performance analysis allowing business owners to make sound management decisions. Its influence goes far beyond and impacts all corporate functions.

The below statements are intended to describe the general nature and level of work being performed by the employee(s) in this job. They are not intended to be an exhaustive list of all responsibilities and activities required of the position. Therefore and due to the diverse and evolving nature of UAE activities the FP&A Analyst may be required to perform additional work as instructed by top management.

General description for all VNME employees:
Exemplary behavior promoting security, safety, ethics and continuous improvement is the prime responsibility of all Veolia employees at all times during their employment period.

Safety
Complying with the safety procedures, including wearing Personal Protective Equipment (PPEs) as and when required is compulsory for all employees. Promoting a safe behavior culture, participating in toolbox talks, reporting incidents and near misses are non-negotiable principles to ensure the safety of all employees.

Security
The Near & Middle-East comprises multiple countries with complex political situations, which can generate some security risks for employees and their relatives. Appropriate behavior, in line with the local habits and culture is required, along with the strict compliance on security procedures when traveling to a country that has a certain level of risk as published by Veolia from time to time.

Cyber security
An employee can expose himself or the company to significant risk by not complying with the Company cyber security policy. Cyber Security is at the heart of the IT strategy with the SATAWAD (Safe AnyTime AnyWhere Any Device) strategy for which the commitment and compliance of each employee is key.

Ethics
The Veolia code of conduct applies to all employees and must be applied and adhered to in general and during interaction with other stakeholders to foster and maintain exemplary relations and to inspire trust for long term and fruitful relationships.

Continuous improvement
Being a world leader in sustainability and environment services brings high expectations from clients, partners and customers. Such expectations can only be fulfilled by embracing the concept of continuous improvement. Every employee is encouraged to strive towards efficiency, reduce impact on the environment and to contribute towards the wellbeing of society in order to strengthen our position as global leader.

Reference documentation
The employee shall also comply with the following documents :
- Ethics guide
- Commitment to cyber-security
- Commitment to Occupational Health and Safety
- Manager’s code of conduct
- Commitment to sustainable development
- Security policy (incl travel to high level risk country and crisis management)

Description of the Mission

Overview:
The position of FP&A Analyst will be based in Dubai, United Arab Emirates. It shall report directly to the UAE Country CFO. This position shall be primarily responsible for reporting and analyzing financial performance of the UAE entities, focusing on profitability and ensuring accuracy and consistency of financial reports.

Main responsibilities are:
- To build a strong communication structure within the UAE, collating relevant information impacting profitability and ensuring awareness by key stakeholders of financial performance
- To ensure financial reporting is accurate and deliverables are submitted within set deadlines
- To provide sound financial / non-financial performance analysis and commentary
- To help drive the financial forecasting and budget exercise and ensure a high level of accuracy
- To actively participate in month end closing to ensure correct revenue and cost allocation by UAE entities and (when required) proposing appropriate accruals
- To assist UAE businesses with HQ level reporting into Veolia consolidation platform to ensure timely reporting
- To actively participate in cost control projects and propose actions to ensure containment of general overheads, and ensure appropriate communication across all the departments of the organization
- Support other areas of the business in analyzing results and collating information for decision making including involvement in ad-hoc projects. This includes developing reporting tools and dashboards where appropriate

Tasks & Responsibilities:
- Business Plan, Budgeting and forecasting
- Develop and maintain a budget and forecasting model which can be utilized by all UAE business’ and is compatible with Veolia financial reporting software/ERP
- Coordinate annual budget and periodic forecast processes for the UAE business’
- Coordinate collection, analysis, production, and dissemination of information
- Consolidate and access accuracy of data received from countries within the UAE business’
- Maintain a detailed working knowledge of the UAE consolidated budget and KPI’s

Reporting & Business Analysis
- Ensure all revenue and costs are recognized completely and accurately through direct client billing / supplier invoices or proper accruals and supervise analytical allocation of accounting entries
- Ensure G&A costs are properly reported in their month of occurrence with correct allocation
- Control accuracy and completeness of information reported by UAE business’
- Supervise consolidation and check the accuracy of Cognos load.
- Provide provisional analysis to Chief Financial Officer prior to Group Reporting, of monthly position vs. budget/forecast
- Develop tools to assist teams in analyzing variances against budget, forecast, and previous year in an accurate & efficient manner; linking into financial ERP data
- Assist in preparing UAE consolidated Monthly Business Reviews, analyzing consolidated variances against budget and PY to support HQ UAE presentation to ComEx
- Provide actual vs budget G&A analysis to cost centre owners post month end reporting and discuss any issues around cost recognition/allocation
- Perform quarterly reconciliations between Veolia consolidation platform and Financial ERP to ensure accuracy of Group reporting to underlying books and record

Financial Control and Accounting:
- Oversight of working capital key performance indicators to activate remedial steps as and when necessary including explaining variances to budget, and action needed to improve position in line with target

Process Improvements
- Continuously review work processes to ensure efficient workflow to maximize staff efficiency and quality of information flow with other departments
- Optimization of existing tools and systems to ensure reliability and productivity of reporting

This job description outlines the general ways in which it is expected you will meet the overall requirements of this post.

The list of tasks is not an exclusive one and duties may be varied from time to time. This job description is subject to regular review.

Requirements

Technical Skills and Responsibilities:
- Good knowledge and practice of accounting and financial techniques (IFRS standards and local accounting and tax rules),
- Strong ability to solve complex accounting and tax issues and challenges and with other finance functions or operational departments,
- Good knowledge of accounting and financial processes for both internal control and procedural efficiency,
- Good knowledge of accounting and financial information systems,
- Ability to organize and plan the process of periodic account closings and meet accounting and tax deadlines

Personal Specifications:
- Period of work experience of 3-4yrs as FP&A Analyst preferred
- Preference to candidates with experience in Multinational Company with matrix reporting structures and a fast-paced service environment
- CPA or international accounting equivalent or Bachelor of Accounting preferred
- Sector experience in construction, engineering or global multinational or similar, highly preferred
- Proven financial analysis skills experience with month-end review and analysis of P&L and BS
- Experience with budgeting and cash forecasts, and creating financial statements
- Experience with general ledger functions and the month-end/year end close process
- Excellent accounting software and Excel/Google sheet user and administration skills
- Accuracy and attention to detail with high focus on suppliers’ payments
- Prior experience in BC365/Navision would be an advantage

Other Relevant Information
- The position is based in Dubai, United Arab Emirates.

About the Company

Veolia is the world's largest environmental services company.

For over 160 years, Veolia has provided public and private sectors with Water, Energy and Waste Management solutions and services which are vital to human development and sustainable growth.

With over 200,000 employees on five continents, Veolia designs practical solutions for the management (operation, treatment, distribution and/or supply) of Water, Waste and Energy. Through these three complementary activities, Veolia helps to develop access to resources, to preserve available resources and to renew them.

Veolia Group achieved revenues of EUR 28.5billion in 2021. (In 2020) the Veolia Group served 95mn inhabitants with drinking water, 62mn with sanitation, produced nearly 43mn MWH of energy, and recycled 47mn tonnes of waste.

Veolia aims to become the benchmark company for ecological transformation. Our goal is to build a better 21st century. We therefore see ourselves as #resourcers.

VEOLIA IN THE NEAR & MIDDLE EAST

Veolia has operated in the Middle East for over 30 years, providing innovative and sustainable water & waste services to industries, governments & communities, retail and commercial businesses.

Veolia has more than 3,000 employees in the Near & Middle East and a strong regional network of ~12 offices in the UAE, Oman, Saudi Arabia, Qatar, Bahrain, Kuwait, Jordan, Lebanon, and Turkey.

Veolia currently has over 6,000 project references of work delivered in the region, and continues to develop new projects through public-private partnerships and innovative contractual schemes.