Job
Description
Role & responsibilities Financial Planning and Analysis Build solid rapport with the leadership team and key stakeholders in DAMAC team and provide them with FP&A insights and latest trends to help in achieving sales and cost optimisation. Support in the development of the short-term and long-term forecasts - prepare the detailed financial models used for decision-making, including but not limited to the rolling forecast, annual budget and the 5-year business plan. Identify and understand the economic levers and key metrics of the company's existing business and drive near-term profitable growth and operational focus around new initiatives. Perform detailed financial analysis supporting business opportunities and capital expenditures, including sensitivity analysis on the key inputs. Identify operational or financial performance issues through data analysis, and work cross-functionally with the pertinent leaders to resolve these issues. Support improving performance by providing ROI analysis of marketing schemes, programs and new projects. Assist the upper management in establishing the companys financial policies and critical controls that meet the business environment. Review the reports and dashboard created by the team to monitor revenue, cost, capital, and cash balances of DAMACs businesses and support the senior management in making key business decisions. Drive top-line financial targets and give insights to the business team on relevant accounting treatments, and financial risk through benchmarking with industry peers. Develop budgeting, financial forecasting and modelling tools and oversee financial modelling for various What if” scenarios and the overall impact on the company. Assess DAMAC’s overall and individual business areas’ financial performance by tracking the actual achievement, providing variance analysis, and giving insight on both preventive and corrective actions to meet the target. Review DAMAC’s current and future business risks and communicate key findings to the senior management. Financial Reporting Provide strategic, data-driven insightful analytics & recommendations to the management based on thorough financial analysis and projections. Create standardized financial reporting packages using the Management Information System (MIS) that will help drive and support the business, inclusive of KPIs, cost reduction, revenue generation, operational cash flows, and effective capital management initiatives. Perform the detailed review, lead and ensure timely and complete business reporting of the Financial Statements and financial performance. Hands on with the use of Power BI for reporting and creating dashboards. Collaboration Active engagement with DAMAC’s key on site teams to understand business developments, key issues, etc., and assess the potential financial impact on the business. Collaborate with business leaders and stakeholders from various functions to align business objectives, identify opportunities as well as minimize risks. Support the internal and external audit teams with their requirements for the financial reporting for DAMAC’s business. Team Supervision Promote the organization’s values and ethics in all activities within the team to support the establishment of a value-driven culture within the organization. Budgeting and Financial Performance Monitor the financial performance of a given area of activity versus budgets and ensure all activities are carried out in line with the approved guidelines while promptly reporting on any variances to management. Policies, Systems, Processes & Procedures Provide inputs and implement policies, systems, and procedures for the assigned team so that all relevant procedural/legislative requirements, are fulfilled while delivering a quality, cost-effective service. Ensure internal processes comply with DAMAC’s policies and applicable accounting standards. Continuous Improvement Participate in the identification of opportunities for continuous improvement and sustainability of systems, processes, and practices considering global standards, productivity improvement, and cost reduction. Drive continuous improvement on accuracy, efficiency & simplicity of FP&A processes, operations and procedures and also support the FP&A team in streamlining systems and processes. Reporting Prepare sectional statements and reports timely and accurately to meet DAMAC and the FP&A department requirements, policies, and quality standards. Preferred candidate profile Minimum Qualification Bachelor’s degree in Finance, Accounting, or any related field. Professional certification in CA/CPA/CFA/ACCA. MBA/ Post Graduation in Finance preferred. Minimum Experience Minimum 7-10 years of experience in a similar role including a minimum of 3 years of strategic or managerial experience.
