Associate Director of Finance

About This Job:

Strategy Development and Implementation

Develop and direct the implementation of the department strategy ensuring alignment to functional strategy, Khidmah’s vision, mission and corporate objectives.

Ensure that department strategy and related strategic plans are developed and implemented, which are aligned with the vision and mission of Khidmah.

Ensure the provision of subject matter expertise for the assigned domain and provide counsel to Khidmah leadership on all related areas to facilitate the achievement of Khidmah’s strategy and departmental strategies.

Leadership

Manage the effective achievement of department objectives through effective leadership and by setting of individual objectives, managing performance, developing and motivating team to maximize performance.

Lead the talent development initiatives for the assigned department, collaborating with functional experts and thereby ensure the availability of talent to fit business requirements.

Organization Structure

Together with Khidmah’s HR function, define an optimum organization structure and direct the development of the finance structures so that resources are optimally utilized, and communication can take place in an efficient manner.

Budgeting & Financial Performance

Oversee the consolidation and recommend the department budget and monitor financial performance versus the budget so that the business is aware of anticipated costs/revenues, areas of unsatisfactory performance are identified, and potential areas of cost reduction or performance improvement opportunities are capitalized upon.

Partnership Management

Establish strategic relationships with key internal and external stakeholders to ensure the effective capturing of business needs and delivery of customer centric services through strong relationship management that is coupled with in depth technical expertise and support.

Finance Operations Management

Maintain and manage a comprehensive accounting system that would be able to produce timely and relative financial information to stakeholders.

Optimize working capital through proper management of cash, accounts receivable and accounts payable.

Develop and manage the annual planning and budgeting process in order to finalize a board of directors approved plan and budget.

Monitor progress of performance vs. budget, analyze and report variances for management decisions and follow up.

Develop and direct the implementation of strategic business and/or operational plans, projects, programs, and systems.

Ensure that the company’s financial resources (cash and bank balances) are monitored and manage surpluses and deficits efficiently.

Tax Accounting & Reporting Activities

Responsible for ensuring all financial transactions are correctly accounted for in-order to provide credible assurance that accounting records reflect financial transactions and positions in accordance with Khidmah’s accounting policies, guidelines and IFRS standards.

Responsible for ensuring adherence to Tax and VAT laws, regulatory guidance and reporting timelines so that Khidmah will be in full compliance with its obligations towards public authorities.

SAP Finance Process

Direct and facilitate the coordination with relevant internal and external parties (Banks and Clients) within Khidmah to ensure a healthy integration of Finance SAP across the organization.

Direct and monitor the financial build of SAP Finance within the Khidmah’s environment ensuring the development and implementation of end-to-end finance value chain across processes.

Policies, Systems, Processes & Procedures

Develop and lead the implementation of departmental policies, systems, processes, procedures and controls covering all areas of assigned department so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service in a consistent manner.

Change Management

Lead the management of change through continuous improvement of departmental systems, processes and practices considering global standards and changes in the business environment which demand proactive action plans.

Reporting

Ensure that all departmental reports are prepared timely and accurately and meet Khidmah’s requirements, policies and quality standards.

Provide all required financial reports that are timely and relevant to various stakeholders (Board of Directors, Executive Management team, Shareholders, Internal & External Audit and external regulatory authorities).

Qualifications:

Bachelor’s Degree in Finance or any related field.

Master’s degree and/or professional postgraduate certificates (preferred).

10+ years of professional experience with at least 3 years in a similar capacity, preferably within the Real Estate industry.