Financial Analyst

ITT; Street; On-site; GBP 45,000 - 75,000; Full time

Job summary

An established industry player is seeking a skilled Financial Analyst to join their team. This role involves overseeing financial and management accounts, ensuring accuracy in bookkeeping, and preparing strategic plans and budgets. The ideal candidate will have a strong background in finance and accounting, with at least 10 years of experience, preferably in a multinational manufacturing environment. You will play a critical role in financial reporting, analysis, and maintaining compliance with financial regulations. If you thrive in a fast-paced environment and possess excellent analytical and communication skills, this opportunity is perfect for you.

Qualifications

• 10+ years in finance/cost accounting, preferably in manufacturing.
• Strong knowledge of US GAAP and/or IFRS is advantageous.

Responsibilities

• Oversee bookkeeping functions and prepare local statutory accounts.
• Manage credit approval, debt collection, and maintain financial reports.

Skills

Financial Analysis

Analytical Skills

Problem-Solving

Communication Skills

Organizational Skills

Leadership Skills

Education

Bachelor’s degree in Finance & Accounting or Economics

Advanced degree

Tools

MS Office

Excel

One Stream

SAP

Power BI

Job description

Position Summary

Reporting directly to the Financial Controller, the Financial Analyst shall be responsible for all areas relating to financial and Management Accounts at the facility.

Essential Responsibilities

1. Oversee day-to-day bookkeeping functions of the operations, including the preparation of local statutory accounts.
2. Maintain a clean set of balance sheet supporting records (called the ownership book), detailing every item on the Balance Sheets, updated on a monthly basis.
3. Supervise the reconciliation of all bank accounts and inter-company accounts every month end, initiating adjusting entries where appropriate.
4. Submit all monthly financial reports as well as ad-hoc reports required by corporate headquarters, or as directed.
5. Ensure that the cost build-up of ongoing jobs is reviewed regularly, highlighting any potential overrun of job costs against budgeted estimates to the Controller & General Manager.
6. Organize and oversee fixed assets physical verifications as well as the custody of inventory.
7. Ensure that warranty reserves, as well as excess and obsolescence reserves, are adequate and made in accordance with ITT policy.
8. Prepare the annual strategic plans and budget, along with regular updates of forecasts and cash flows or any other reports besides the monthly Balance Sheet and Profit and Loss statements, or as directed.
9. Manage credit approval and control, debt collection, ensuring that Bad Debt reserves are made in accordance with ITT policy.
10. Document, update, and maintain hard and soft copies of all financial control narratives, flowcharts, and Sarbanes Oxley Act (SOA) Control templates, including the uploading of the most up-to-date SOA documentation onto the ITT Intranet.
11. Maintain standard costing records and prepare Cost and Management Reports.
12. Submit monthly commentary on the state of the business and performance of the unit each month end.
13. Bill customers according to VAT requirements and pass the same to the concerned persons for dispatch and proper accounting.
14. Supervise the review of supplier invoices and other invoices with the PO and GRN.
15. Oversee due dates for supplier and service provider invoices and issuance of payments to them on a timely basis.
16. Maintain a statistical report showing the monthly payment details for all recurring payments like telephone, rent, etc.
17. Ensure accuracy and reliability of SOARS data.
18. Prepare annual strategic plans and budgets along with regular updates of forecasts and cash flows or any other reports besides the monthly Balance Sheet and Profit and Loss statements, or as directed.
19. Prepare MIS reports and submit various statutory reports as per requirement.

Position Requirements

Education: Bachelor’s degree (or local equivalent) in Finance & Accounting or Economics. An advanced degree preferred.

Experience: Minimum 10 years’ experience in finance/cost accounting, preferably with a multinational manufacturing company.

Other Skills/Knowledge/Experience:

Excellent computer literacy (MS Office, profound knowledge of Excel; One Stream, SAP & Power BI exposure would be considered an asset).

Knowledge of US GAAP and/or IFRS would be considered an asset.

The incumbent must have a good command of the English language; a second language (Arabic) would be a plus.

Excellent skills in financial analysis, analytical experience, and problem-solving.

Strong organizational skills. PC skills including spreadsheet, presentation software, and word processing are necessary.

Resistance to pressure & tolerance to tight deadlines.

CORE COMPETENCIES = Our Principles in Action

Excellent communication skills – written and verbal.

Strong work ethic.

Excellent analytical skills.

Outstanding leadership and presentation skills.

Global perspective.

Initiative and good independent judgment.