Job Role: Group Director Financial Operations

Pillar: Finance

Department: Financial Operations

Section: Operations

Job Family: Director

Reporting Line: CFO

People Manager: Yes

Job Summary:

The primary responsibility of the Group Director Financial Operations is to lead the finance operations activities which is not

limited to but may include managing payables, invoicing, receivables, fixed assets, inventory, and payroll within the

organization.

The role will also be required to own the responsibility of ensuring that there is compliance with internal policies and

procedures as well as external financial standards set by relevant governing bodies.

Key Stakeholders

Internal

● Senior Executive Leadership

● Heads of business units

● Heads of Departments and Sections Internal committees

External

● Customers

● Suppliers

● Auditors

● Consultants

Primary Accountabilities & Responsibilities

Functional Responsibilities

Invoicing & Revenue Controlling

• Manage and monitor the billing process and resolve any billing errors timely.

• Oversee and provide necessary approvals for provisioning and writing off bad debts in line with the accounting

standards followed by the company

• Perform revenue control analyses variances vs. budget and sales agreement and produce KPIs.

• Review the interface with sales agreement and asset utilization to ensure that there is timely invoicing of the asset

that is operated with the client.

Fixed Assets & Inventory Controlling

• Develop standard procedures for fixed assets and inventory management ensuring it is in line with best industry

practices and overall financial reporting standards.

• Review the depreciation policy and ensure that the assets are capitalized in a timely manner

• Review and provide necessary approvals for asset acquisition, transfer, disposal, and sale.

• Monitor the monthly consumption, scrapping, and sale of obsolete or damaged inventory.

• Review and provide necessary approvals for annual inventory requirements for vehicles and other assets.

Accounts Payable Management

• Develop standard procedures for payables and general ledger management ensuring it is in line with best industry

practices.

• Ensure payments to suppliers are processed as per contractual commitments made by company

• Ensure that the right payable control mechanisms are functional and in place, including 3-way matching using

automated processes.

Payroll Management

• Monitor the calculation of monthly payroll & ensures all payments are properly documented for future reference.

• Manage & provides necessary approvals for salaries, benefits, pension payments, and reimbursement of expenses.

• Perform EOS analysis and payments.

• Reviews accruals for leave salary, air travel benefits in line with the policies

Collections

• Oversee the collection of outstanding receivables and is in line with the target set by the company

• Perform debt control, field visits, analytics, management reporting, and provide recommendations.

• Set targets and ensure the collections are met in line with the target, with focus on increasing liquidity and

increasing free cash flow.

People Management Accountabilities & Responsibilities

• Develops, monitors, and communicates a continuous talent pipeline for key roles in the division and provide

mentoring for high potential talent

• Defines and sets SMART objectives and key performance indicators for direct reports and ensures effective

implementation of the performance management process

• Develops talent within the team by providing guidance, ongoing feedback, & coaching to achieve the defined goals

Quality & Compliance Responsibilities

Advocacy of QHSE Requirements

• Adheres to Health, Safety and Environmental procedures, policies, specifications, and standards.

• Maintains quality service by rigorously following company standards at the workplace.

Adherence to Compliance Requirements

• Identifies & assesses the areas where internal controls and compliance need to be established within the Division.

• Promotes a culture of adhering to regulatory and other compliances associated with the division.

• Guides internal stakeholders and team members in the execution of compliance policies and uphold the

compliance requirements

Job Prerequisites

Qualifications

• Master’s Degree or/and other functional qualifications or/and functional certifications in relevant field

• Proficiency in English

• Proficiency in using Digital Technology and Systems

Certifications

• CA / CPA or equivalent

Experience

• 12 – 15 years of experience in a relevant field, with hands on experience in Financial Operations for at least 10 years.

Technical Skills & Competencies

• Accounting Concepts & Standards & Accounting

Systems

• Financial Audit Liaison

• Reconciliation (AR/AP)

• Payroll Processing

• Receivables Management

• Payables Management

• Banking Transactions

• Billing Operations

• Collections Management

• Internal Controls Management

• Automation of finance processes

Behavioural Skills & Competencies

• Communication and Interpersonal Skills

• Leadership and Teamwork

• Dealing with ambiguity

• Ethics & Value

• Innovation and Looking Ahead

• Leadership Competencies

• Strategic Thinking

• Managing Change

• Engaging Leadership

• Results Driven

• Customer-Centric