Head, Financial Reporting (Marine Logistics Company) at Myrtle Management Consultants

The Head of Financial Reporting  will be responsible for overseeing all financial reporting activities within the organization. This role ensures accurate and timely preparation of financial statements, compliance with relevant accounting standards, and the development of strong financial reporting processes. The Head of Financial Reporting will also play a key role in supporting the company’s strategic financial planning and decision-making by providing clear, reliable, and comprehensive financial data.

Job Description

Financial Reporting:

• Lead the preparation of monthly, quarterly, and annual financial statements in accordance with International Financial Reporting Standards (IFRS) and local accounting regulations.
•  Ensure timely submission of all financial reports to internal and external stakeholders, including board members, investors, regulatory bodies, and auditors.
• Coordinate the consolidation of group accounts and subsidiaries, ensuring the accuracy and completeness of financial data.

Compliance and Audit:

•  Ensure compliance with all relevant accounting standards, regulations, and tax laws.
• Manage the preparation of audit schedules and act as the key liaison with external auditors.
• Implement and maintain robust internal controls and reporting systems to mitigate risks and ensure the integrity of financial information.
•  Oversee regulatory reporting requirements, ensuring full compliance with industry and government regulations.

Financial Analysis and Interpretation:

• Analyze financial results, explaining variances between actual results and budget or forecasts.
•  Provide management with comprehensive financial analysis and insights to support strategic decision-making.
• Monitor key financial indicators and trends to provide early warnings of potential issues or opportunities.
• Collaborate with other departments to understand financial performance drivers and optimize financial outcomes.

Budgeting and Forecasting:

• Assist in the development of annual budgets, financial forecasts, and long-term strategic plans.
•  Provide historical data and trend analysis to ensure the accuracy and realism of budget assumptions.
• Review budget submissions from various departments to ensure alignment with the company’s financial goals and strategies.

Team Leadership and Development:

• Lead and manage the financial reporting team, ensuring that team members are properly trained, motivated, and equipped to perform their duties.
• Foster a collaborative and high-performance culture within the finance team.
•  Ensure continuous professional development of team members through training and mentoring programs.

System and Process Improvement:

• Continuously evaluate financial reporting systems and processes, recommending improvements to increase efficiency and accuracy.
• Implement new technologies, automation tools, and best practices to enhance financial reporting capabilities.
• Ensure the smooth integration of financial reporting processes across different business units and departments.

Stakeholder Management:

• Act as the primary point of contact for financial reporting-related matters with internal and external stakeholders.
• Work closely with senior management to provide financial insights and recommendations.
•  Manage relationships with regulatory bodies, auditors, and other external parties to ensure compliance and transparent communication.

Qualifications

• Bachelor’s degree in accounting, Finance, or related field.
• Professional certification (e.g., ACA, ACCA, CPA) is required.
• A minimum of 10 years of progressive experience in financial reporting, including experience in leadership or supervisory role.
• Strong understanding of IFRS, GAAP, and other relevant financial reporting standards.
•  Prior experience in the maritime, oil & gas, or infrastructure industries is an advantage.

Key Skills:

• Expertise in financial reporting and consolidation processes.
• Strong knowledge of accounting software and enterprise resource planning (ERP) systems.
• Excellent analytical and problem-solving skills.
• Advanced proficiency in Microsoft Excel and financial analysis tools.
• Strong communication and presentation skills, with the ability to explain complex financial information to non-financial stakeholders.
• Leadership and people management skills, with the ability to inspire and guide a team.

Behavioral Competencies:

• High level of integrity and ethical behavior.
• Strong attention to detail and accuracy.
• Strategic mindset with the ability to manage both day-to-day operations and long-term planning.
• Ability to work effectively under pressure and meet tight deadlines.
• Collaborative and team-oriented, with a commitment to continuous improvement.