Finance Director - Melbourne, Australia - Sheffieldgreen

Description

Job Description:
Position: Finance Director

Job Purpose Summary:

The Finance Director is responsible for the overall financial management of Company's business in Australia and will act as true business partner to the management team in the Netherlands and Qatar.

The incumbent will be in charge of all the aspects of accounting, financial reporting, taxation, treasury, financing, insurance, financial planning & analysis, in close coordination with Companyr Group Finance functionsThe incumbent will be responsible for preserving business's assets integrity and for developing and maintaining the highest standard of corporate governance, compliance and internal control, ensuring the adoption of Company Group policies, procedures and systems as well as close compliance with local laws and regulations.

He/she will be also responsible for developing and implementing effective and sustainable financial strategy and capital structuring of the business, in coordination with the Group Finance Functions.

The incumbent will be also ensuring a sound performance management framework, by providing high quality, reliable and transparent management information for decision making.

The Finance Director will ensure the effective leadership of the finance function and will enhance the organizational capabilities of the finance team providing career direction, progression and coaching with the aim of building a world class finance organization in coordination with the Group Chief Financial Officer.

Essential Duties & Responsibilities by Dimensions:

Accounting, Controls and Financial Reporting:
Manage all aspects of accounting; including but not limited to accounts payable, account receivable, banks, payroll, inventory, fixed assets.
Maintain General Ledger accounts ensuring proper and accurate journal entry preparation.
Prepare relevantly periodic reconciliations, including but not limited to, monthly bank reconciliation, general ledger reconciliation.
Establish and maintain a robust compliance framework, as well as maintain and upgrade key business controls
Prepare statutory financial statements and related disclosures and procure timely filing to satisfy local compliance requirements.
Prepare financial statements and related disclosures under International Financial Reporting Standards for Company Group consolidation purposes.
Manage and coordinate relationships with external auditors.
Provide support and coordinate management responses to Internal Audit.
Act in close coordination with the Group Head of Accounting and Internal Controls

Tax:
Prepare and review tax calculations, estimates and reports
Ensure a robust tax compliance framework and timely filing of all corporate tax returns
Establish appropriate system & processes for tax risk management
Liaise with tax authorities and provide tax audit support
Manage external tax advisors
Act in close coordination with Group Head of Tax
Treasury and Corporate Finance
Ensure compliance to the group treasury policy and delegation of financial authority manual.
Ensure effective treasury management as well as a robust risk control environment.

Ensure proper cash flow planning with the aim of satisfying timely cash requirements of the business and ensuring at all times optimal capital structuring.

Perform proper monitoring of cash flow budget.

Assume responsibility for balance sheet management by focusing on asset-liability management, liquidity management, counterparty management, interest rate and foreign exchange management.

Manage Group treasury systems and solutions aimed at supporting cash flow management effectiveness and maintaining effective controls.

Manage excess of liquidity and recommend measures to optimize returns from temporary cash investments in compliance with the Group Treasury policy.

Ensure compliance with treasury requirements as defined by the relevant regulatory authorities (Central and local Government, Central bank, other authorities)
Generate proper management reports for the Management Team with respect to company's cash flow, asset and liability profile, risk exposure
Provide professional treasury advice regarding key commercial decisions to the management team as and when required.

Is responsible for all corporate finance activities at Country level (funded and unfunded lines of credit, equity bridge loans, acquisition financing, working capital facilities, corporate bond and other debt capital market issuances).

Plan, structure an execute banking and/or debt capital market transactions with a consideration of minimizing cost of funds and of keeping financial risks under control.

Maintain effective relationships with lending institutions, credit rating agencies and the wider financial community

Conduct effective analysis on current status and expected trends of the local financial markets to support effective capital structuring decisions and active management of the debt and liquidity portfolio.

Ensure the effective monitoring and proper management of key financial risks (counterparty, bank capital adequacy, liquidity, volatility of interest and forex rates)
Act in close coordination with Group Head of Trasury and Corporate Financing
Project Financing and Financial Advisory

Lead all project and structured financing activities of the business in order to meet timely the funding requirements of green field developments, as well as the refinancing of existing projects at the most competitive terms.

Identify the optimal debt structuring of the projects after comprehensive assessment of funding alternatives and in close coordination with the Business Development and M&A teams.

Ensure proper financing execution, including assessment and selection of financing counterparties, coordination of lenders' due diligence and effective negotiation of term sheets and financing documentation
Coordinate the drawdown/repayment formalities for debt facilities and closely monitor compliance with financing covenants and obligations.
Work closely with equity partners, accounting and tax, legal, technical, market, insurance advisors.
Maintain effective relationships with lending institutions, credit rating agencies and the local financial community.
Proactively explore project refinancing opportunities, with an expectation of "upside" value creation versus a base case financing.
Conduct effective analysis on current status and expected trends of local financial markets to support effective capital structuring decisions and active management of project debt portfolio
Prepare recommendations, status reports, and approval requests for the management team as requested.
Work in close coordination with the Group Head of Project Financing and Financial Advisory

Financial Planning and Analysis:

Manage long term business planning, annual budgeting and periodical forecast updates in line with Group business planning policies and standards as well as lenders financial models.

Lead management reporting activities in line with Group guidelines and reporting methodologies.

Ensure timely, reliable, transparent management information to the CEO, the management team and the Group Financial Planning and Analysis function.

Analyze the operating and financial performance of the business and investees against targets identifying key variances and providing support for corrective actions.

Coordinate periodical business review meetings.

Establish and maintain an effective performance management system: provide effective support in setting operating and financial targets for the financial year in consistency with strategy and long term business plans.

Is responsible for maintaining effective cost accounting, for monitoring margins, operating expenses, G&A, capital expenditure and cash flow against budgets.

Manage and control the spending authorization process and review and execute budget change requests.
Provide ad hoc financial analysis when requested, including business valuations, post-investment performance appraisals and impairment testing.

Support for internal and external benchmarking analysis and ad-hoc projects aimed at improving operational efficiency and overall value creation of the business and investees.

Manage Group adopted financial planning and management reporting systems.
Provide active support in implementation and improvement of those systems.
Provide support for the successful completion of internal and external audits providing all the relevant information and analysis.
Act in close coordination with Group Head of Financial Planning and Analysis.

Insurance Management:

Support the Group Insurance function in developing and maintaining an effective risk assessment framework for insurable risks in the Country.

Provide information support to Group Insurance for the definition of the insurance needs of the business in compliance with the Group Insurance Management Policy.

Support the Group Insurance function in defining the insurance strategy for the business with the aim to ensure optimal risk allocation to the market, compliance to regulatory and contractual arrangements while minimizing overall "cost of risk" and in the framework of the Group insurance strategy.

For Global Insurances, support the Group Insurance function in ensuring the procurement of the best value insurance coverage and related services at the best prices and in compliance with the Group Insurance Management Policy.

For Local Insurances, lead the procurement of insurance coverage and related services and manage the in-country relationship with the insurance market in co-ordination with the Group Insurance function.

Support the Group Insurance function for the effective management of all the activities related to insurance programs and contracts, for ensuring control over insurance documents issuances and documental evidence compliance as well as coordinate the validation of the insurance contracts.

Provide support to the Global Insurance Function for the management of insurance claims,negotiations and for managing relations and communications with the insurance companies and Loss Adjusters

Provide updates to the Group Insurance Function on open claims containing, among others, a qualitative and quantitative view of all pending unsettled claims.

Provide all relevant insurance data to the Group Insurance Function to ensure an effective integrated process for data gathering, analysis, quality control and reporting related to insurable risks.

Maintain at Country level the Group adopted information technology platform with a view to provide, among other, dashboards and dynamic reports to the Group Head of Insurance on coverages,costs and claims management.

Act in close coordination with Group Head of Insurance.

Job Dimensions:
Company's overall strategic plan
Applicable policies and procedures
Delegated and re-delegated authorities as per the delegation of authority structureEducation/Experience Requirements:

Essential:
University degree in Accounting, Finance and/or Business Administration from a recognized University.
Professional qualification such as CFA/CMA/CA/ACCA.

Preferred:
Master in Finance and/or Business Administration from a recognized Management School.
As Company requires a high level of expertise, the above-mentioned educational requirements are compensated for through extensive years of experience in a related sector or field

Required Special Skills:

Essential:
Minimum of 12 years of experience in financial management of which 5 years should be in a similar position/responsibility.
Familiarity with Australian corporate and tax laws and regulations.
Familiarity with local GAAP and IFRS.
Familiarity with market leading ERP systems and Financial Planning and Consolidation systems.

Preferred:
Exposure to international companies with large complexity and to multicultural business environments
Knowledge of the power and utility business
Big4 experience in the field of Audit, Tax and Assurance

Skill Set:
Self-starter, ability to work independently with confidence.
Superior analytical and synthesis skills.
Strong communication and interpersonal skills with sensitivity to different cultures.
Ability to build trust and effective personal relations both within the organization and with all relevant external stakeholders.
Ability to multi-task and work under pressure.
Strong negotiation skills.
Stay abreast of the latest trends/tendencies in financial management

Personal Mindset and Attributes:
Maintain highest standards of professional conduct, ethics and integrity.
Ensure high standards of confidentiality to safeguard sensitive information.
High energy with a "can do" mentality.
Strongly believe in continuous benchmarking and continuous improvement.
Robust intellect and constant desire to learn.
Drive, self-reliance and pragmatism, great determination in achieving results.
Analytical, inquisitive nature.
Capability to easily adapt to fast moving, changing environments and cultural differences

Framework and Boundaries:

Financial Authority:
According to Delegation of Financial Authority matrix

Budget Responsibility:
According to Delegation of Authority matrixCommunications and Working Relationships:

Internal Interactions:
Management team

Board of Directors
Company Group functions
Internal Audit

External Interactions:
External Auditors

External advisors
Tax authorities
Financial authorities
Banks/ Financial Institutions
Insurance brokers/Insurance companies

PartnersSupervisory Responsibilities:
Finance team/service providers in Australia#J-18808-Ljbffr