Job detail

Job description

Plans, directs, coordinates and provides overall supervision over the activities of the Finance and Information Systems Division. Includes developing an effective financial and accounting control system and high quality cost effective information systems critical to the business of the company. Directs the preparation and operation of capital budgets and prepares monthly, quarterly and annual progress reports to Management and shareholders. Develops, recommends and advises Management on a variety of corporate policies, systems and procedures as required. Assesses a broad spectrum of financial and business factors influencing the companys activities to contribute to the formulation of policies and strategies that are (i) consistent with the objectives of the UAE authorities, shareholders, staff and creditors and, (ii) compatible with the professional codes of practice by which the company is bound. Determines and implements the policies and objectives which define the way in which IT is used throughout FERTIL. Establishes a culture within the Division, which is business and customer focused, and at the same time, capable of managing considerable technological complexity.

DUTIES PERFORMED
¿ Plans, directs, coordinates and provides overall supervision over the activities of assigned personnel in the Finance and Information Systems Division. Performs supervisory functions and exercises financial authority at the level established by Management for the position.
¿ Directs and controls the activities of the Financial Control Department engaged in the maintenance and control of the companys general and analytical ledgers/accounts and company assets. Includes supervising receivable and payable accounting, payroll transactions, forecasting of corporate cash funds flow and cash call requirements on shareholders, transfer of sales proceeds to shareholders, the preparation of financial statements and periodic reports to Management and shareholders and administration of the companys insurance policies.
¿ Develops, recommends and supervises plans and programmes designed to meet the financial requirements of the company. Includes recommending appropriate sources to meet borrowing requirements and participating requirements with investment of surplus funds as required.
¿ Directs the development and supervises the implementation of the accounting and financial reporting systems. Provides Management and shareholders with a steady flow of pertinent information required to streamline and maintain the company in a sound financial position.
¿ Supervises the preparation of periodic physical and cost performance reports to Management and shareholders. Includes highlighting variances against budget plans, providing comments on causes and recommending corrective action.
¿ Supervises the preparation of the 5-Year business plan of the company, covering operations plans, sales forecasts, human resources development, costs, and IT in accordance with company objectives and strategy.
¿ Directs the preparation of annual operating and capital budgets for the company. Includes providing assistance to operating and service functions in the preparation of individual budgets and verifying to ensure that such budgets conform to corporate guidelines. Synthesizes and consolidates the various Division and Department inputs into a corporate budget, and presents to the General Manager for approval, before submission to the BAC and Board of Directors. Ensures that effective budgetary control is exercised on approved budgets.
¿ Initiates, studies, develops and presents to the General Manager for approval, policies, procedures and systems within his area of responsibility or as requested by the General Manager.
¿ Ensures that all Company assets and liabilities are covered by appropriate insurance policies and are accurately described and contained in the assets register.
¿ Participates in the preparation of contracts with a second party. Includes advising on financial, liabilities and insurance provisions, reviewing drafts, participating in negotiations and approving the final wording before presentation of contractual documents by service functions for authorized signature(s).
¿ Sets-up the companys information system policies, strategies and programme. Directs and controls the activities of the Information Systems Department. Includes the maintenance and control of the companys information system requirements and ensuring the effective and efficient utilization and operation of the information system resources of the company.
¿ Directs and provides overall supervision of the preparation of the Company¿s Annual Budget (US$50 million) for General Management approval. Ensures the appropriate justification for variances.
¿ Controls and provides overall supervision of the companys fixed assets (currently $370 million) and respective insurance replacement value (US$ 650 million).
¿ Submits and presents, after authorizing, the budget preparation timetable to Management, Board Committee and the Board of Directors.
¿ Authorizes the issue of product sales invoices.
¿ Authorizes payments, deposits and transfers within agreed procedures. Recommends as appropriate for review by General Management and the Board, sources of short and long term funding encompassing related activities such as the negotiation of terms and conditions, the preparation of loan agreements in conjunction with the Legal Advisor, and the proper implementation and application of agreements.
¿ Recommends to General Management the most advantageous interest rates offered by the Banks for short-term deposits. Maintains regular contact with various Bank Managements for exchange of views and information.
¿ Represents the Finance Division at regular Management Board Advisory Committee and Board of Directors meetings.
¿ Directs the planning and implementation of IT strategy to meet business requirements for information systems and achieve budgeted benefits. Liaises with user Division Managers and Department Heads to determine future business direction to ensure that IT strategy enables FERTIL to exploit opportunities and facilitate the direction of the business
¿ Carries out other similar or related duties as required such as advising on any
modifications to the Accounting Manual.
¿ Complies to Company HSE Management System and promotes awareness to
achieve company HSE objectives.
¿ Enforces HSE rules to prevent or correct unsafe conditions at workplace

MINIMUM REQUIREMENTS

¿ Bachelors degree in Accounting preferably with MBA, CPA or equivalent.
¿ 15 years broad based finance and Information systems experience preferably in the oil, gas or petrochemical industry including at least 8 years in a supervisory position.
¿ Fluency in English and Arabic.