1. JOB DETAILS:
Position Title: Lead Specialist : Financial Control II
Broad Band: M11: Experienced professional
OVERALL, JOB PURPOSE:
The purpose of the role is assistance to manage and provide a comprehensive financial accounting service, responsible for the summary, analysis and reporting of financial transactions related to business applying standardised processes and guidelines; this involves the preparation of financial statements such as an income statement or a balance sheet (available to external stakeholders)
QUALIFICATIONS, EXPERIENCE & SKILLS:
Qualification:
Bachelor degree in Finance, Accounting or a related field. An MBA or relevant certifications are advantageous.
Experience:
8 Years relevant experience
Skills:
* Effective management and leadership skills
* Sound knowledge and understanding of practical impact of all relevant regulatory and statutory requirements
* Sound knowledge and understanding of Ma’aden codes, regulation, rules, procedures and processes
* Subject matter expert on the specific processes
* Competent in using applicable technology software and/or systems
* Ability to deal with diversity and foster a high performing team
* Sound understanding of fundamentals of business processes
* Proficient attention to detail
* Coping with pressures and setbacks
* Advanced ability to gather information and accumulate data
* Results driven
* Design thinking
* Facilitation and influencing skills
* Curios and innovative
* Ability to adapt to and facilitate change
* Proficient knowledge of Ma'aden commercial practices
* Effective oral and written communication
* Analytical and critical thinking
* Advanced knowledge of discipline processes and procedures
* Advanced problem solving and decision making skills
* Advanced writing and reporting skills
* Following rules, regulations and procedures
* Advanced proficiency at application of theory to practical design and detailed design
* Apply and demonstrate sound problem analysis techniques
KEY ACCOUNTABILITIES:
Focus Area
Getting results through recognised expertise
Operational / Functional
• Consistently deliver business solutions which contribute to business results and improved competitiveness (consulting advice, business options)
• Deliver quality solutions/ service cost effectively on time and within risk parameters
• Provide advice that are generally accepted and implemented on programmes and systems, creating a competitive advantage for organization, leading to quality results
• Deliver Cost effective results by tracking the impact of industry and global trends and develop breakthrough solutions (minimized corporate risk, advanced competitiveness) to the benefit of the organization
• Make full contribution to statutory compliance and management
• Analyse and formulate recommendations, design solutions and implemented
• Performance management of staff
• Ensure optimum allocation and utilisation of resources
• Present cash flow forecasts within acceptable tolerances and agreed deadlines
• Ensure that all assets are accounted for in terms of policy and that all new assets are recorded in asset register, including depreciation and wear and tear rate, and ensure that journal entries are processed
• Manage accounts for the movement of fixed assets including the transfer and disposal of assets
• Co-ordinate the physical verification of all company assets by cost centre holders
• Validate the value of acquisition against the approved capital expenditure budget
• Monitor and ensure compliance to company fixed asset policy and accounting standards
• Conduct monthly General Ledger reconciliations, including necessary follow-up actions Monitor and reviews accounting and related systems for accuracy and completeness and proactively identify potential risks
• Review, analyse and prepare financial statements (income statement, balance sheet, trail balances, cash flow, etc)
Leadership
* Understand, support and live the Ma'aden vision, values and goals
* Expert utilization & direction through selling and obtaining support for value adding ideas leading to business improvement
* Takes accountability for personal improvement, personal development, skills development and effectiveness
* Expertise transfer, sharing and development
* Continuously develop extensive knowledge relating to own field work and personal mastery in technical skills application through Talent Development
* Expertise integration, sharing and developing expertise in others
* Established technical and professional policies, practices, standards, procedures and methods; application, review and development
* Deliver expert solutions as a thought leader, to meet changing business & work requirements through Trends, analysis, problem solving and quality decision making
* Minimise Corporate risk through applied expertise, understanding Process and risk impact, reporting risks in the workplace and taking corrective action
* Statutory & professional practice development
* Extract, benchmark, enrich, capture and disseminate knowledge within knowledge management standards
* Avail staff for training and development required due to change initiatives
* Avail staff for development opportunities (incl. rotation to other Affiliates; International assignments)
* Ensures team motivation and team wellness
* Lives company values and ensures compliance of team to the values
* Apply new ideas and work methods and opportunities for improving business results through team engagement
5. COMPETENCIES:
Technical/Functional
* Translating and implementing strategy
* Advanced knowledge of governing laws, policies, standards and procedures
* Advanced understanding of the regulatory / legal and economic environment as well as the competitive landscape and financial risks / opportunities of the industry
* Advanced knowledge accounting and financial management principles in order to contribute to organisational operating decisions
* Advanced data gathering and analysis applying complex data gathering techniques
* Advanced understanding of financial concepts and technics and structure the analytical approaches to be used to support the business
* Strong financial management capabilities
* Sound knowledge of the establishment of financial plans, budgets and forecasts and their associated processes
* Advanced knowledge of the overall philosophy and functionality of financial and management accounting systems and their interrelationship with other related/affected systems in and outside of Ma'aden
* Advanced knowledge of internal control procedures
* Sound knowledge and understanding of risk management concepts and tools
* Sound understanding of the impact of decisions on strategic and financial goals