JOB PURPOSE
The jobholder is the Finance Manager leading the Financial Planning, Reporting and Investments department. Responsible for setting the strategic direction of the department, aligned with the corporate strategic objectives, and contributing to the overall Finance and business objectives. The role holder is responsible for steering the Borouge Group wide Financial Reporting, Planning and Investments processes with the objective of providing advice and meaningful insights enabling optimal decision making. The role oversees the end-to-end process of above listed processes including the preparation of all related communication material (financials, business cases, forecasts) to the Borouge Executive Management Team and Senior Management as well as the Borouge PLC Board and Executive Committee and the Borouge 4 Board. In addition, the role holder leads and drives Finance projects and is the key finance advisor involved in strategic, organic growths and M&A projects in Borouge PLC. The Finance Manager (Planning, Reporting and Investments) is part of the Borouge Finance Leadership Team and is the owner of all related financial procedures.
KEY ACCOUNTABILITIES
Leadership and General Management
• Formulate and lead the implementation of the Borouge Group wide Financial Planning, Reporting and Investments strategic objectives and plans to support the Finance strategy of Borouge and the overall corporate objectives.
• Accountable for driving insightful and value add analyses and reporting produced by the team and advise the Borouge Executive Management Team (EMT) and Borouge 4 Management from a financial perspective, contributing to the overall strategic decisions.
• Collaborate with various internal and external parties in the execution of the functions
• May be required to lead Finance Projects or act as key financial advisor for Borouge group-wide driven projects
• Attending regular finance forums/meetings both internally and externally to gather useful knowledge and insight that can be applied within the department and the larger finance function.
• Lead Borouge group projects related to the optimization of financial processes.
• Development and maintenance of policies, procedures and processes related to Financial Planning, Reporting and Investments.
Financial Planning and Reporting
• Leads and oversees the annual Business Planning and Budgeting process as well as the monthly financial forecasting process i.e. planning, coordinating, executing, and documenting for Borouge Group and Borouge 4.
• Collaborate and communicate with all planning and functional focal points throughout the business to achieve the business plan targets aligned with the corporate strategic objectives.
• Lead the business review and challenge session of the forecasts received from the functions and managing consolidation of the Borouge Group and Borouge 4 Business Plan and Financial Forecast.
• Develop and set consistent reporting and analytical frameworks, covering key financial metrics, and function specific requirements, to drive and deliver meaningful analyses and reporting.
• Oversees the preparation of the monthly Borouge Group Reports, ensuring timeliness and quality, and interacting closely across the organization to understand underlying business drivers and issues and accurately reflect the status of the business for key decision makers.
• Lead all reporting improvement initiatives and provide recommendations to the EMT and Senior Management.
• Oversees the consolidated business reporting and presentation of financial performance to EMT, Executive Committee and Board.
• Proactive monitoring of business results and recommendation of corrective actions.
• Advise and support the CEO/CFO on financial questions / issues related to EMT and shareholders Investment Process
• Owner of the Borouge group-wide investment process, overseeing the governance and the investment process including ownership of the Investment procedure and Group financial evaluation model
• Oversees the investment approval process for Borouge ADP investments and ensure compliance with the DOA
• Oversees and directs the planning, forecasting and monthly reporting of the overall investment portfolio and key projects at the group level to EMT
• Regular interactions with the Borouge investment portfolio owners and functional controllers in order to optimize the return on investments and project prioritization for Borouge Group
• Analysis and evaluation of key major investment projects to support decision making
• Manages the preparation, facilitation, and documentation of the Investment Steering Committee meetings.
• Focal point for advising CFO on portfolio scopes, pipelines, and ways to optimise return on investments. People Management
• Responsible for building talent across the financial planning, reporting and investments function.
• Play a mentorship role, supporting their continuous professional growth and grooming subordinates for future succession planning.
• Effectively plan and organise the operations and workflows of the team to optimize productivity and efficiencies within the processes
• Provide the team clear guidance and support, as necessary, to enable and empower the members to achieve desired and required outcomes
• Anticipates the manpower needs of function and initiates and participates in recruitment of additional staff as required.
• Manages the training budget and the training needs of the function to ensure continual professional development and up to date knowledge of all relevant legislation and regulatory updates across the regions.
QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLS
Minimum Qualification
• University degree in Finance, Accounting or relevant financial or accounting disciplines
• Postgraduate degree or MBA in Finance or relevant disciplines preferred
• Fluency in English language is a must; written and oral
• Computer literacy; Microsoft office, Financial Planning and Reporting tool and ERP
Minimum Experience & Knowledge & Skills
• Minimum of 12-15 years of relevant experience from multinational companies, headquarter experience preferred
• Prior experience in a similar management position, particularly leading a global or regional team • Proven track record in managing multicultural finance teams
• Experience from the chemicals / petrochemicals industry is preferred
• CMA, CPA, ACCA or equivalent qualification preferred