Senior Financial Analyst

4. Key Accountabilities

Treasury

§  Preparation of weekly cash forecast

§  Preparation of monthly cash forecast

§  Deployment of excess cash into Time Deposits

§  Managing collections of customer outstanding balance

§  Ensuring timely payment of vendors

§  Maintenance of customer/vendor relationship

§  Processing of payments through online banking and manual payment

§  Open/close bank accounts

§  Set-up online banking

§  Set-up bank authority matrix

§  Add/remove authorized signatories and initiators for bank accounts

§  Banking agreements (facility/Deposit/guarantee/Letter of Credit/Letter of Guarantee/online banking/fax indemnity/others)

§  Maintenance of bank files and original copies

§  Issuance/cancellation of cheque books

§  Managing foreign currency exposure and required inflow/outflow

§  Funding of dividends to parent company

§  Managing cash flow of LTSA/MSA/TSA

§  Assignment of bank accounts to collections/payments

§  Ensure adherence to policy and procedures

§  Annual update of policy and procedures

 

Reporting

§  Related party transactions report

§  Preparation of monthly profitability reports for Profit Centers

§  Documentation of monthly profitability analysis for Profit Centers

§  Preparation of monthly cost center reporting for Head Office departments

§  Preparation of monthly accounts receivable aging

§  Preparation of monthly accounts payable aging

§  Preparation of monthly inventory aging

§  Preparation of monthly material consumption

§  Preparation of Finance department KPI’s report

§  Configuration of reports in ERP

§  Configuration of reports in Dashboard Reporting Tool

§  With-holding Tax Transactions Report

§  VAT reports and reconciliations

§  Zakat reports

§  GR/IR report

§  Ensure adherence to policy and procedures

§  Annual update of policy and procedures

Compliance

§  Monthly With-holding Tax filing

§  Monthly VAT filing

§  Annual With-holding Tax filing

§  Annual VAT filing

§  Annual Zakat filing

§  Manage VAT audit requirements

§  Manage Zakat audit requirements

§  Manage relationship with GAZT

§  Manage relationship with Tax consultant

§  Manage relationship with ACWA Power Tax Department

§  Manage insurance policies with Supply Chain Department and Broker/Insurance Company

§  Ensure timely renewal of insurance policies

§  Insurance policy management

§  Zakat planning

§  With-holding Tax planning

§  VAT planning

§  Ensure adherence to policy and procedures

§  Annual update of policy and procedures

Payroll

§  Run the monthly payroll and pension process, liaising with HR to ensure that all payments and deductions (e.g. recoveries, final settlements, end of service amounts are made on time are made on time and with accordance with NOMAC policies.

§  Oversee the update of the system with details of employees’ bank accounts to effect payment into respective bank accounts directly.