Job description

To ensure that all financial, tax & Zakat & operations are effectively executed within the IFRS framework assisting FDin planning, arranging & reviewing funding requirements of future ventures, implementing & overseeing accurate production of reports, financial & legal controls & ensuring smooth operation by effective utilization of resources to support Savola Foods strategic objectives while ensuring compliance of applicable policies, procedures and regulatory requirements. Lead specific project of IFRS Convergence. 

Financial Targets 

§ Ensure group financial targets are being followed up & embedded in all business unit plans by agreeing financial targets, reviewing quarterly targets & ensuring decisions link with financial plans in order to deliver on the agreed strategy. 

Financial & Legal Regulation 

§ Ensure Savolas compliance with financial and legal regulations by ensuring the group is updated with the latest regulations through advisors & these are implemented internally to avoid legal complications. 

Maintenance 

§ Ensure the maintenance of internal controls (e.g. vendor payments, payroll, bank funding movements) in Savola by reviewing controls on a regular basis to ensure minimizing financial risks 

Financial Analysis 

§ Provide overall direction for new ventures relevant to the Financial arena by carrying out financial analysis, with the support of Investment Department for ventures e.g. investments abroad, divestment & mergers to ensure success for the venture & minimize risks 

Financial Records 

§ Maintain group financial records & systems in accordance with SOCPA / IFRS & accounting principles by ensuring the group is updated with changes in standards to ensure group financial reports are accepted by auditors & regulatory authorities. 

Finance Team 

§ Recruit, lead, develop & appraise the finance team & finance controllers by providing coaching & advising on external training to ensure the team is highly motivated & trained to meet business requirements. 

Financial Recommendations 

§ Make financial recommendations to the Savola FD & CFO based on financial reports & special analysis to ensure business goals & targets are met. 

Projects 

§ Lead specific business projects by reviewing & scoping the projects & evaluating results to ensure return on investment with close coordination with Investment Dept under direct supervision of FD. 

Shareholders 

§ Assist the FD in preparing for Board & Shareholder reports by providing analysis & explanations on financial indicators & elements to ensure the Board & Shareholders / Regulatory authorities are fully aware of any significant items which are part of the published financial reports.

Academic and professional qualifications: 

• B.Sc. in Finance or Accountancy. 

• Chartered Accountant, Management Accountant, 

Experience: