Finance Senior Manager

This post reports to “Chief Financial Officer”

Job Summary

To manage the financial affairs of the organization and to ensure company assets and financial resources are safeguarded and efficiently utilized. Responsible for Royal Jets financial plans and policies, its accounting practices, the maintenance of its fiscal records, the preparation of its budgets and financial reports and the conduct of its relationship with suppliers and the financial community. The above is performed to support the organization in achieving its stated goals.

Key Duties and Responsibilities

1. Responsible for producing reliable financial data, prepared as per IAS and company policies and ensuring the integrity of company financial records and the effectiveness of its control systems.

2. To ensure efficient functioning of Payroll, Payable and Receivable sections.

3. To design, manage, review and present required executive reports to Management to support effective discussion regarding budget performance. Conduct financial analysis and evaluations to support business cases and to present information to Management for decision marking to support Royal Jets goals on cost effectiveness.

4. To lead, manage and train the team of Accountants, setting clear objectives to be able to review and performance manage them against their work ensuring it is inline with company procedures and individual objectives.

5. Through motivation of and leadership of the finance department encourage suggestion and recommendations to continuously enhance and implement changed to Reports, systems, policies and procedures.

6. To ensure major projects do not exceed budget and that Royal Jets maximises revenue, recommend and implement treasury instruments to hedge against potential financial risks to the organization.

7. To Manage relationships with the banking community for the Negotiation of competitive rates for company and ensure Royal Jet maintains within agreed credit limits and bank facilities.

8. To evaluate, recommend and implement cash investment strategies for efficient cash management of company funds, and adequate funds are always available to support the operations.

9. To act as the authorized bank signatory, auditing all payments in order to ensure accuracy, completeness and all payment are as per the Level of Authority Manual.

10. To develop, manage, review and present a consolidated capital and operating annual budgets linked to strategies and action plans for Royal Jet. The report to be reviewed by the CFO and CEO for presenting to the Board of Directors in both in English & Arabic.

11. To maintain finance policies and procedures manuals and the Levels of Authority Manual making revisions based on experience and employee feedback.

12. To ensure final and interim external audits are carried out in compliance with agreed audit plans and prepare company reply to the auditor’s management letters.

13. To support and participate in major projects, providing financial evaluation and input on policies and procedures, legal matter etc.

14. To review insurance cover, claims and ensure that all insurance policies are current and adequate insurance coverage is provided for the company.

15. To review and maintain all contracts and provide comments on negotiation and financial feedback and analysis prior to finalization.

Desired Skills and Experience