CFO- Portfolio Finance Controls, Projects

AD Ports Group; Abu Dhabi; On-site; USD 150,000 - 200,000; Full time

Job summary

A prominent organization in the UAE is seeking a CFO for Portfolio Finance Controls to guide financial strategy and delve into project costing. The successful candidate will have a proven track record of at least 15 years in high-level finance roles, including risk management and financial reporting, and must be fluent in Arabic and English. This strategic leadership position oversees budgeting, forecasts, financial performance, and compliance while fostering Emiratization goals. Competitive salary package offered based on experience and qualifications.

Qualifications

• Minimum of 15 - 20 years of relevant experience.
• Experience at the CFO level is required.
• Written and spoken Arabic and English is required.

Responsibilities

• Drive the Portfolio financial planning and oversee accounting operations.
• Support investment strategies and manage compliance with regulations.
• Lead financial strategy initiatives and monitor financial performance.

Skills

Leadership

Financial Reporting

Risk Management

Negotiation Skills

Financial Analytics

Education

Master’s in Finance/Accounting

Professional accounting qualifications (FCA, ACA, ACCA, CPA)

Tools

Oracle Fusion

MS Office

Job description

Who we are looking for

A Finance and Business leader to drive the strategic direction of the organization, and oversee the functions of Finance Controls and Project Costing for the Portfolio.

Job Purpose

The CFO – Portfolio Finance Controls is responsible for the consolidation and development of Portfolio’s Budget and 5-year Business plans submitted to Corporate, Holding Company and stakeholders. The role is also responsible for reviewing / advising on all investments undertaken by the Portfolio, which includes representation of Portfolio at the Investment Committee, Steering Committee, Holding Company, stakeholders’ meetings etc. The CFO is taking a holistic and strategic position towards overall Portfolio Financial Strategy including coordinating funding requirements in close cooperation with Corporate Finance, Holding Company and stakeholders.

The responsibilities include overseeing accounting operations, gathering and analyzing financial data and preparing financial reports, serving as a financial advisor to the Chief Development Officer and GCFO for strategic planning purposes. Overseeing and facilitating the purchasing strategy, supervising teams of subordinate staff in purchasing, operations and logistics, and ensuring all employees and processes within Finance Controls department meet the company’s standards and designations for work quality.

Role Responsibilities

Core Responsibilities:

• Drive the Portfolio financial planning, ensure preparation of timely and accurate analysis, summaries and reports of the Portfolio financial performance.
• Create a reliable cash flow projection process and reporting structure that includes a minimum cash threshold to meet operational needs.
• Routinely review key financial metrics to identify and address issues affecting overall performance proactively.
• Manage Portfolio compliance with local and federal regulatory matters.
• Support the Executive Management / Stakeholders to ensure the Portfolio hits financial targets.
• Perform risk management by analyzing the Portfolio’s liabilities and investments.
• Support investment strategies by considering cash and liquidity risks.
• Control and evaluate the Portfolio’s funding plans and capital structure.
• Manage the Portfolio Finance Controls and Project Costing functions including Accounts payable, GL, Financial Planning, Analysis and Audit, Project Costing & Billing as well as Government Liaison.
• Ensure cash flow is appropriate for the Portfolio’s execution and operations.
• Supervise all Finance Controls personnel.
• Prepare reliable financial actual and forecast reports.
• Oversee and monitor financial performance versus the budget to ensure the business is aware of anticipated costs, areas of unsatisfactory performance are identified, and potential areas of cost reduction or performance improvement opportunities are pursued.
• Provide input in the development and the tracking of Portfolio’s performance scorecard (financial & non-financial metrics).
• Continued cost optimization of the Portfolio via benchmarking studies, process reviews and financial analysis.

Strategic Responsibilities:

• Responsible for introducing financial strategies initiatives to the Chief Development Officer and GCFO.
• Develop and monitor Long Term Financial Planning and all related processes.
• Develop and control the Cash Flow Planning for the short and long term.
• Provide continuous recommendations on optimizing the Capital Structuring of the Portfolio and take control of its implementation.
• Control the cost structure of the Portfolio and provide accurate costing information for the decision makers.

Leadership Responsibilities:

• Provide effective, visible leadership and integrated strategic direction to the Portfolio, to the Steering Committee in the areas of Finance, Values, HSE, Integrity and Reliability to deliver Portfolio's strategic objectives.
• Recommend and establish appropriate organization structure for the Finance Controls department of the Portfolio to fully utilize human capital while proactively incorporating sustainability into ongoing work practices to meet business objectives.
• Lead the development of knowledge, competencies and innovative spirit in the Portfolio Finance Controls department to continuously develop employees with emphasis on UAE Nationals to meet Emiratization targets and support the establishment of Development Plans, Succession Planning and Talent pipeline.

Required Qualifications

• Master’s or equivalent in Finance / Accounting
• Professional accounting qualifications such as FCA, ACA, ACCA, CPA or equivalent
• Written and spoken Arabic and English is required
• Minimum of 15 - 20 years of relevant experience
• Experience in Finance, Accounting, Credit, Treasury, Risk Management or Capital Market products
• Experience at the CFO level is required
• A high degree of computer literacy - MS Office, Oracle Fusion

Desired Competencies

• Impeccable ethics and a high level of integrity
• Proven leadership and strategic thinking skills
• Excellent negotiation skills and ability to influence
• Current knowledge of industry practices, trends and issues within the industry
• Experience in budget planning, budget forecasting and implementation
• Strong management and leadership skills demonstrated by experience in effective team leading and/or committees chairing
• Superior interpersonal skills demonstrated by the ability to form professional relationships at all levels of the organization and with internal & external stakeholders
• Tax and Compliance Expertise
• Financial Reporting and Analytics
• Understanding of IAS and IFRS
• Oracle Fusion
• Financial Acumen
• Effective Communication
• Risk Management and Internal Controls
• Technological Proficiency