Senior Specialist, Financial Management

1. OVERALL JOB PURPOSE:

Financial Specialist is responsible for the summary, analysis and reporting of financial

transactions related to business applying standardised processes and guidelines; this

involves the preparation of financial statements such as an income statement or a balance

sheet (available to external stakeholders)

2. QUALIFICATIONS, EXPERIENCE & SKILLS:

Qualification:

B Com (or relevant Degree including Accounting) Finance

Certified MA

Experience:

4 Years (B Com)

Skills:

* Sound knowledge of discipline processes and procedures

* Able to independently manage own work planning and delivery according to targets; proven application

* General knowledge of finance trends, interpretation and application of industry knowledge

* Effective verbal and written communication skills

* Advanced analytical and problem solving skills

* Sound decision making skills

* Presentation and facilitation skills

* Ability to cope with pressures and setbacks

* Ability to follow instructions and procedures

* Advanced persuading and influencing skills

* Global mindset

* Ability to adapt and respond to change

* Curious and innovating

* Design thinking

* Sound working knowledge and compliance to relevant regulatory and statutory requirements

* Sound knowledge and understanding of Ma'aden codes, regulation, rules, procedures and processes

* Following rules, regulations and procedures

* Competent in using applicable software and/or systems

* Teamwork and ability to deal with diversity

* General understanding of fundamentals of business processes

* Proficient attention to detail

* Coping with pressures and setbacks

* Critical thinking

3. KEY ACCOUNTABILITIES:

Focus Area

Get results through individual contribution, effort and self management

Operational / Functional

1. Consistently delivers on all service level agreements

2. Quality results through cost effective service and on time support

3. Cost awareness and control

4. Technical expertise and advice

5. Technical/operating systems and models

6. HSE targets

Prepare all accounts payable supporting documents secured, approved and payment run scheduled; run payment exception reports and investigate and resolve blocked invoices

Resolve suppliers queries resolved or escalated for action

Prepare cash flow forecasts for accounts payable

Review and approve monthly supplier reconciliations

Process specialised creditors functions relating to pre-payments, early payments, retentions and foreign exchange contracts and guarantees in compliance to company policies and procedures

Validate invoices against payment

Ensure accurate and complete vendor master data

Balance sub-ledger with control account in General Ledger

Conduct monthly General Ledger reconciliations

Compile management reports relating to the accounts payable function (Vendor Age

Analysis) Reconcile and control the GRIR account daily

Negotiate settlement discounts with vendors for early settlement within limits of authority

Ensure that all new assets are recorded in asset register, physical verified and monitor asset register in financial system

Run system to calculate depreciation of assets * Establish, track and close capital projects

Ensure compliance to audit and regulatory requirements

Monitor and compile report on daily cash balances and approve and reconcile petty cash

Accurate processing of electronic transfers according to company policy and confirm accuracy with bank before payment of telegraphic transfers

Manage foreign creditors cleared in Finance System

Processes electronic transfers and foreign payments in accordance to contract terms

Administers physical banking activities within the business section

Prepare journals for posting/authorisation in ledger and reconcile general ledger accounts with necessary follow-up actions and review accounting and related systems for accuracy and completeness

Prepare cash flow forecasts for accounts receivable

Process sales documentation and issue invoices in compliance with financial procedures

Process journal entries on Financial System e.g. management fees, commissions etc. * Prepare and analyse financial statements (income statement, balance sheet, trail balances, cash flow, etc)

Leadership

1. Understand, support and live the Ma'aden vision, values and goals 2. Takes accountability for personal improvement, personal development, skills development and effectiveness 3. Supports and articulate personal goals that are aligned to the business direction, that lead to personal development and effectiveness; Continuously strives to improve personal mastery, professional growth and business skills (ensuring technical/professional development in specialist area) 4. Establish professional standards for work, project plans and organization to ensure service provision and effective individual contribution 5. Share expertise freely and often during the application/review of policies, practices, standards, procedures and methods 6. Conduct analysis to formulate recommendations and design solutions and implement

them effectively, problem solving and decisions quality - Analysed, formulated recommendations, designed solutions and implemented them effectively 7. Progress monitoring, reporting and corrective action 8. Statutory compliance and professional practices

* High performance role model acting as coach and mentor within team to more junior staff * Ensuring continuous personal and professional growth and development * Improve group work processes * Facilitatie transformation and change processes * Facilitatine continuous improvement * Communicate best practices, technical reports and positions statements with team and the appropriate stakeholders

Relationships

1. Build constructive working relationships with manager, peers, clients and other service providers (all stakeholders) to ensure effective stakeholder relationships 2. Supports peers/team members to achieve team objectives through knowledge sharing, networking and collaboration with colleagues and other teams 3. Maintain Manager and peer relationships marked by professional communication, behaviour and actions that results in high levels of credibility, trust and respect throughout the business unit or function 4. Consistently meet customer and business requirements through technical/professional communication 5. Puts forward new ideas, thinking and approaches adopted and supported by the business

* Build credibility and constructive working relationship with teams, managers and business leaders to enhance the knowledge base of the company * Maintain healthy and stable relations with consultants and cost owners * Create and maintained well developed internal and external network * Liaise with external and internal auditors and co-ordinate audit reports

4. COMPETENCIES:

Technical/Functional

* Sound understanding of the regulatory / legal and economic environment as well as the competitive landscape and financial risks / opportunities of the industry * Advanced knowledge accounting and financial management principles in order to contribute to organisational operating decisions * Advanced data gathering and analysis applying complex data gathering techniques)

* Sound understanding of financial concepts and technics and structure the analytical approaches to be used to support the business * Strong financial management capabilities * Detailed knowledge of the establishment of financial plans, budgets and forecasts and their associated processes * Sound knowledge of the overall philosophy and functionality of financial and management accounting systems and their interrelationship with other related/affected systems in and outside of Ma'aden * Sound knowledge of internal control procedures * Sound knowledge and understanding of risk management concepts and tools * Understand the impact of decisions on strategic and financial goals

Leadership

Developing self

Embrace digitalisation within the function

Teamwork and collaboration Safety

Safety advocate - anywhere and everywhere

Sound knowledge and application of HSE rules and procedures

Concern for own wellbeing and that of others

Ability to pro-actively identifying safety hazards and act accordingly