Senior Manager - FP&A

JOB PURPOSE:

To manage the budgeting, planning, analysis and forecasting functions for the assigned business area within EGA to support the achievement of overall business strategy through timely and commercially relevant insights and analysis based on best practice financial planning, and to manage continuous improvements in these areas.

KEY ACCOUNTABILITIES:

Strategic Contribution

Drive effective internal communications with Area Owners to support EGA vision, strategy, mission and corporate objectives

Identify business risks and opportunities, contribute towards strategic initiatives and KPI setting process to support in the formulation, revision and implementation of EGA’s strategy

Policies, Processes & Procedures

Manage the implementation and contribute towards the development of functional policies, systems, processes, procedures and controls covering all areas of the financial planning and analysis function so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service in a consistent manner

Ensure that work processes are implemented as designed and in compliance with established internal controls, policies, processes and procedures

Manage the continuous improvement of existing policies, processes and procedures to drive incremental benefits through efficiencies and better insights and analysis

People Management

Manage employee performance and development by assigning individual performance targets and development objectives at least on an annual basis

Manage the training and coaching plan for new and existing employees within team to ensure knowledge sharing and people development.

Direct and supervise the activities and work of subordinates by providing formal and informal feedback regularly and on a timely basis, to ensure that all work is carried out in an efficient manner and in accordance with set individual targets

Annual Budget Preparation

Oversee, review and facilitate the budgeting process to ensure deadlines are met, accuracy of methodology, projections and calculations generated from the departments

Review the annual plans and budgets produced by the assigned departments to ensure they meet cost and profitability targets, whilst being realistic and achievable

Review submissions produced by the assigned departments to ensure they meet financial and operational expectations

Coordinate with all associates and analysts within the assigned area to create awareness of financial plans and business performance across all levels to establish support of achievement of budgetary compliance across the assigned area

Financial Planning and Forecasting

Manage the development of detailed financial plan and financial forecasts including 5-year plan for plants in line with the corporate financial strategy and the overall objectives of plants

Manage the development of the annual business plans and presentations for executive review meetings. Oversee the development of quarterly forecasts (P&L, Balance Sheets & Cash flow) in liaison with business heads to facilitate effective financial planning in line with the plants business plans

Budget Monitoring & Control

Monitor / control expenditures and advice plants on the same to support the assigned area in controlling costs and to achieve a financial performance over the budgeted figure

Review and ensure the activities related to monitoring financial performance versus budgets of the plants are done by area analysts to identify areas of unsatisfactory performance. Ensure such areas are rectified promptly and potential performance improvement opportunities are capitalised upon

Capital Expenditures Monitoring

Contribute towards capital plan development and financial analysis of capital projects to support the capital planning process

Supervise all activities related to the assigned area’s capital expenditure to ensure the relevant procedures are followed and expenditure is within limits of approved budget

Review and ensure provision of analytical support by associates/ analysts to the senior management of plants in making business decisions with respect to capital expenditure

Financial Analysis & Performance Monitoring

Liaise with key stakeholders from plants to ensure provision of regular information relating to key financial performance indicators to the finance team

Manage the process of reviewing the plants’ financial performance reports by comparing actual with previous year results and budgeted results and analyse any variances to highlight areas of concern and recommend corrective/ preventive measures

Direct area associates/analysts in the measurement, analysis and reporting of the key performance results to ensure regular performance monitoring, identify any major variances and to generate comprehensive supporting analysis.

Review the performance analysis and reports prepared by analysts/ associates and report the above to the senior management to ensure cost control and achieving the overall strategic direction and for proper action planning in accordance with corporate targets and guidelines

Review and facilitate the provision of any necessary financial analysis with respect to commercial evaluation process for all large and complex commercial proposals to support senior management in securing the most profitable and best terms in accordance with corporate guidelines and standards

Physical Inventory and Working Capital management

Manage the coordination with warehouses to conduct stock reconciliation of all related inventories and directs the development of balance statements to facilitate accurate analysis of inventory status /asset management

Lead identification of opportunities to reduce working capital levels within business units

Assets and Internal Controls

•Review all activities related to maintenance of fixed asset accounts to quality assure and ensure balances in accounts are a true representation of facts

•Supervise the implementation of the plants’ internal financial controls and business ethics policy in accordance with local statutory laws and EGA’s corporate financial policies and procedures to protect and safeguard the plant’s assets and financial resources against any possible violations and to support effective achievement of business objectives

•Identify the key financial risks and controls within the assigned areas and provide inputs to the ERM team, including setting up of a risk management framework with the standards and the involved executive actions for EGA and its subsidiaries.

Management and Third-Party Reporting

Review and oversee analysis and reports produced by associates/ analysts to ensure clear communication of financial and market information in management reports that reflect the overall performance of EGA to support informed decision making on a timely basis, including ad hoc analysis in response to specific management information requests

Review analysis of EGA financial benchmark KPIs with leading peers in the aluminium industry and overall market trends, ensuring such analysis correctly captures the distinction between the impact of market and management factors

Supervise the development and preparation of additional reporting tools and processes as may be required by management and/or third-party stakeholders, including but not limited to analysis of financial and operational performance by segment and profit centre

Ensure provision of requisite support to the EGA FP&A core reporting team in development of quarterly forecasts (P&L, Balance Sheets & Cash flow) in liaison with business heads to facilitate effective financial planning in line with the business plan

Communication and Networking

Ensure effective coordination and regular communication with all relevant internal and external stakeholders (such as EGA business units, financial institutions, auditors, service providers etc), adhering to the highest standards of business ethics, in-order to ensure the services required by the organization are delivered collaboratively and in the most effective manner

Continuous Improvement

Manage and prioritise change and continuous improvement through adopting different and innovative approaches to address problems and opportunities, facilitate the implementation and acceptance of change, and contribute to sharing best practices across the organisation to continuously improve productivity, reduce operating costs, and enhance operational excellence.

Safety, Quality & Environment

Ensure compliance to all relevant safety, quality and environmental management policies, procedures and controls across the section in order to guarantee employee safety, legislative compliance and a responsible environmental attitude

Related Assignments

Perform other related duties or assignments as directed

AUTHORITY/ DECISION MAKING:

Guidelines:

Thinking within clearly defined policies, standards and specific objectives.

Decision Making:

Direction of work is subject to practices and procedures, output is managed.

QUALIFICATIONS & SKILLS:

Minimum Qualifications:

Bachelor’s degree in Finance, Commerce, Economics, Accounting, or equivalent.

Professional qualification is highly recommended (CFA, ACCA, ACA, CMS, CIMA or equivalent)

Minimum Experience:

7-10 years of experience in financial planning and analysis role in a large organization including at least 3 years in positions of progressively increasing managerial responsibilities, preferably in manufacturing, metal, or mining industry.

Experience of managing a team and ability to interact with large group involving different nationals.

Skills:

Team development and people management skill

Relationship management, negotiation and influencing skills

In-depth knowledge of the aluminium / alumina manufacturing sector and EGA’s products and business strategies is recommended.

Knowledge of statutory and internal financial management standards

Knowledge of financial policies and procedures

Effective communication and presentation skills

Knowledge of industrial best practices, laws/regulations

Management reporting

Financial analysis and budget planning skills

Excellent XLS and SAP knowledge