Director-Finance SD and Institutions - Abu Dhabi, United Arab Emirates - IFFCO

Description

• Work in close coordination withED/MDs on development of strategy statement and annual operatingplan for the respective Business Segment as per the corporateguidelines
• Work in close coordination withED/MD/CEOs on strategic and operational decision making andevaluate the strategic direction of the business segment in termsof long term and short termborrowing.
• Introduce and monitor financialdiscipline at the respective business segment by ensuring strictinventory and credit control, developing and implementing effectivefinancial management information systems and designing robuststandard operating procedures
• Examine thestructure of balance sheets of the group, the strength ofworkflows, procedures, policies and controls and suggestimprovements if any
• Identify opportunities,ensure financial due diligence and study feasibility for mergersand acquisitions, JV's for entry into new segments /products across the respective businesssegments
• Support the GD Finance in creation of3 year Growth Play Book and Financial Operatingplans
• Partner with EDs and MDs to drivebusiness performance and operational and strategic decision making,drive business performance and facilitate structured businessreviews
• Drive the budgeting exercise across theBusiness Segment, obtain the required approvals and communicate thefinal budget to the key stakeholders
• Identifyand mitigate financial risks associated with proposals forfinancing business growth and identifying new businessopportunities
• Provide functional expertise tothe business unit finance teams and periodically review and monitorfinancial performance of business units against approvedprojections, key performance indicators andbudgets
• Establish effective and robustfinancial accounting and cost accounting systems so as to providetimely, accurate and consistent inputs for management reporting andallowing detailed analysis of performance in financialterms
• Ensure strict compliance with applicablelaws , statutory/ internal audit requirements, Group policies,including DOA, Accounting Manual and other financeGuidelines
• Lead timely completion of internaland statutory audit, achieve closure of deviations/observations andensure compliance with applicable laws and audit requirements atthe business segment level
• Provide guidance toBU Finance Heads for managing working capital in a cost efficientmanner across the Business Units
• Support GDfinance in business acquisition, restructuring and disinvestmentinitiatives
• Perform thorough risk assessment,understand the risk exposure and devise strategies to safeguard thebusiness segment assets
• Closely monitor theprocurement strategy, capital expenditure and the release of fundsto various business units in alignment with the allocatedbudgets
• Provide top management / Board withtimely reports on Business Performance(Budgeted vs actual profits/MIS reports) and Financial health for the respective BusinessSegment
• Establish robust mechanisms for timelyclearance and payment of vendor/ supplier/ salarypayments
• Ensure generation of daily marginreport to gather information about the gross contribution bydifferent channels
• Track mark to market of thegoods produced across all the companies so as to have a fair valueposition by the company and a fair value position by the goodsproduced
• Review corporate governance andregulatory compliance for Finance processes at the Business segmentlevel