Role Purpose:
To develop the Group Finance function by building consolidated protocols and reporting systems for the Chairman, GCEO and BOD (Group budget, cash flow, balance sheet etc). Also to support the improvement of the financial performance of all LH entities by embedding the systems of measures, coaching and tools to the CEO’s and the Finance Teams. The role also acts as an active member of the Lootah Advisory Panel by providing advice and raising financial acumen across the LH organization.
Key Responsibilities:
- Develop and maintain the Group Office cash flow statements, budget and expense management system with regular updates to the Chairman and the Management Team
- Prepare the Group budgets and forecasts. Liaise with all LH entities to gather the necessary budget input and ensure the budgets are updated as required by management.
- Develop and provide relevant intelligence for Lootah Investment decisions
- Conduct reconciliation of the Company’s financial position.
- Review and monitor the expenditure process proactively. Suggest procedural changes necessary to ensure that errors are logged and corrected.
- Ensure that periodic regulatory returns are prepared accurately and submitted to VAT authorites and other regulatory bodies as applicable on time.
- Ensure a complete awareness of CBA principles and execute quarterly data consolidation to be presented to the Chairman and Advisory Panel ( Legal, HR & Corporate Development)
- Liaise with external and internal auditors and provide financial data as requested by the auditors.
Operational Responsibilities – Direct & Supervisory
- Maintain the financial records of the Company in strict compliance with relevant regulations.
- Maintain full and regular reconciliation of the Company’s general ledger accounts, including fixed assets, non-banking accounts and prepayment, and maintain relevant breakdowns and supporting documentation.
- Streamline and optimize processes wherever applicable in a close cooperation with Business Leaders and the Finance Directors
Knowledge: Technical Requirements:
University /Master’s degree in Finance/Accounting and CA, CPA, ACCA, or other equivalent internationally recognised professional qualification.
Ability to build strong internal professional networks.
Knowledge: Experience:
- Min 10 years of experience in regional or corporate management roles in Finance; ideally in Gulf countries
- Proven success record in managing complex projects in Real Estate, or Investments.
- Strong interpersonal skills.
- Takes accountability and ownership for the delivery of results, will go the extra mile to reach goals, follows up on tasks, ensuring delivery. Is focused on customer satisfaction and the delivery of high-quality work.
- Listens carefully and interprets and delivers information in a clear and concise manner. Selects the most appropriate method of communication, suiting the audience.
- Sets clearly defined objectives. Plans activities and projects well in advance and takes account of possible changing circumstances. Manages time and resources effectively.