Director: Finance at DP World

Job Function

• To provide finance support and lead the operating company in the formulation, execution and continuous evaluation of its short-term and long-term financial strategy. Key focus is on taking accountability for the overall financial health through planning, analysing, advising and reporting on financial strengths and weaknesses in pursuit of improved financial performance. Manage the finance operations in alignment of the objectives for MDS Logistics, whilst leading others and overseeing the financial operations.

Key Performance Areas:

• Monthly analysis of the financial performance of the operating company compared to budget expectation and prior financial periods
• Manage the financial position of the operating company with the objective of maximizing profitability and return on invested capital
• Ensure compliance to the Limits of Authority.
• Ensure accurate and timeous financial reporting to the operating company executive committee and other stakeholders
• Provide guidance to executives in the operating company to ensure strategic and financial reporting objectives are met
• Quarterly reporting of internal controls.
• Internal management packs and dashboards.
• Tax administration and compliance including submission of relevant returns to revenue authorities.
• Maintaining fixed asset register.
• Co-ordinate and assist with the internal and external audit process.
• Identifying and managing risk (financial and non-financial) throughout the operating company along with Imperial’s risk department
• Annual review of insurance polies
• Responsible for ensuring that efficient internal controls are implemented and maintained throughout the operating company
• Provide ad-hoc projects and reports as required.
• Manage overall financial functions.
• Manage cash flow proactively to ensure operating company and group objectives are achieved
• Manage working capital, treasury and foreign currency
• Assist fully with the implementation of the One Finance Solution
• Consolidate, analyse and report on financial performance as well as corrective, preventative and improvement initiatives required to achieve financial strategies.
• Review, analyse and then draw insights to assist operational performance
• Drive the timeous and accurate completion of the budgeting and forecasting processes.
• Drive and manage the cost savings initiatives within the operating company
• Develop, implement and ensure compliance with the group’s financial processes, policies and disciplines.
• Continuous improvement of internal financial and operational processes
• Prepare and / or coordinate monthly flash reports.
• Manage and implement new accounting standards within the operating company.
• Update customer profitability data monthly and report on underperforming contracts.
• Periodic balance sheet reviews to ensure accuracy of operating company’s financial position.
• Ensuring that funding structures in the operating company are optimal and aid businesses in motivating funding requirements to the Asset and Liability Committee.
• Oversee foreign exchange management by ensuring foreign currency related exposures are addressed in accordance with Imperial guidelines.
• Capital allocation decisions to be thoroughly assessed including capex and investment decisions; buy vs lease decisions to be properly assessed.
• Analyse and advise on possible growth opportunities – including acquisitions and opportunities that require large capital investment
• Periodical analysis of client profitability (operating profit in relation to invested capital)
• Preparation and consolidation of operating company budgets
• Co-ordinate whistle blower and tips offs investigations within the operating company.
• Will be involved in mergers and acquisitions, from due diligence to contractual stage, and disposals from time to time.
• Work alongside members of integration team on IT implementations and system developments.
• Integrate and align multiple value chain functions based on internal and external client requirements as well as market trends and other business intelligence.
• Review and advice on management decisions to ensure optimal impact on the financial success of the operating company.
• Align people's performance goals to support the achievement of the strategy.
• Support and empower people that design and implement change within multiple value chain functions.
• Manage talent and succession.
• Development and personal growth of financial managers and executives in the division
• Implement and manage workforce planning, recruitment, learning and development, performance management, reward and recognition and employee relations to ensure an optimal working environment.

Qualifications Required:

• Preferably an ICAN (Chartered Accountant of Nigeria), alternatively a CA(SA) qualification
• Minimum of HND/ BSc in Accounting

Experience and Skills Required:

• Minimum of 8-10 year in various aspect of accounting with 5 years in Leadership role in a similar environment.
• Inherent understanding of the Nigerian Finance and Tax Legislation
• Strong Commercial Analysis skills – cost modelling exercises and analysis
• Strong process driven skill set to ensure governance compliance
• Goal orientated, focused on meeting key deliverables within stipulated timeframes
• Prior experience in leading, building and inspiring teams
• Advanced legal compliance knowledge / skill
• Advanced financial management knowledge / skill
• Advanced financial planning knowledge / skill
• Advanced budgeting and cost management knowledge / skill