Division: Corporate
Reporting To: CEO
Liaises With: Group Treasury Manager, Finance Heads, Division Heads, External and Internal Auditors
Job Summary:
To run P&L and Balance sheet forecasting task and report on the P&L, including MIS reporting
Main Responsibilities:
• P&L / Feasibility
» Conduct financial feasibility studies and cash flow forecasts and set up initial project wise P&L forecasts (PLF) and Balance Sheet forecasts (BLF).
» List out in detail all the key assumptions used in the forecasts.
» Raise red flags if any on the accuracy or reasonableness of the assumptions.
» Consolidate the project wise PLFs and BLFs into the department PLF.
» Execute scenario & sensitivity analysis on the PLFs
» Work backwards and identify what should be done (launch dates, projects, sale prices and dates) to achieve the budgeted PLFs.
» Update the departments PLF and BLF by project on monthly basis and include this in the MIS report.
» Obtain & document clear, specific explanations for the variance between actual P&L and the PLF.
• MIS reporting
» Collect and check the information delivered by the respective department
» Obtain & Document explanations for the variance between and the budgeted and reforecast/actual numbers for a host of operational parameters such as sales schedule, development schedule, development mix etc.
» Manage the Cash Flow of the Division efficiently by prudent use of bank facilities, in consultation with Group Treasury Manager.
» Identify the seasonality issues affecting the cash flow in advance and implement solutions to overcome the same, in consultation with Group Treasury Manager.
» Ensure timely settlement of bank liabilities, payables to creditors and other liabilities by proper planning and prioritising payments.
» Prepare projected monthly cash flow report for the next 12 months, on a monthly basis to foresee long term fund shortages and find solutions for the same, in consultation with Group Treasury Manager.
» Prepare daily short term cash flow to foresee funds shortages and proactively discuss with Group Treasury Manager and find solutions.
» Provide guidance to finance team and Operations on cash flow, bank finance, payables to creditors and other liabilities, etc.
» Ensure that LCs are established in time within the allocated banking lines, on receipt of approved Purchase Order and Import Requisition Form.
» Ensure that import shipment documents are cleared in time by taking these into TR / Murabaha and by arranging Shipping Guarantee, where required.
» Arrange finance through Trade Invoice Financing, Trade Receivables discounting, etc. where required.
» Avail Capex Loans for interior decoration of outlets, in time.
» Perform forward booking for major liabilities in relevant foreign currencies to avoid exchange losses.
» Ensure that interest / profit, bank charges, facility fee, etc. are in line with agreed terms with the banks.
Job Details
| Date Posted: | 2014-03-30 |
| Job Location: | Dubai, United Arab Emirates |
| Job Role: | Accounting/Banking/Finance |
| Company Industry: | Retail/Wholesale; Catering/Food Services/Restaurants |
| Monthly Salary: | US $6,000 |
Preferred Candidate
| Career Level: | Mid Career |
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Financial Analyst job United Arab Emirates