Head of Finance

4 weeks ago

Riyadh, Saudi Arabia Lucy Electric Full time

Job Advert

Internal Job Title**:Head of Finance, MENA Region**

Business**: Lucy Electric MENA Regional Headquarters LLC**

Location**:R**iyadh**
Job Reference No**:3235**

**Job Purpose**

A member of MENA Regional Headquarters (RHQ) Leadership Team responsible for Finance activities in the designation region.

**Job Context**

This role is created as part of Lucy Electric establishing its regional headquarters in Saudi Arabia to be part of Kingdom’s vision 2030 delivery. You will report into Group Finance Director with day to day reporting to Regional General Manager & Director. Also will manage all regional businesses serving MENA region, excluding Lucy Switchgear factory based in Jabal Ali, FZE operating at the global level.

**Job Dimensions**

Lead the financial reporting and compliance activities for the region in accordance with the Group requirements and support the RHQ leadership team in operational performance reporting and analysis. Responsibility for financial Tax and Treasury compliance within the region, collaborating with FP&A, Tax and Treasury Teams in Group Finance.

**Key Accountabilities**

**1. Financial Analysis and Reporting**
- Conduct comprehensive financial analysis of regional business units, including revenue, expenses, profitability, and cash flow.
- Review and interpret financial data to identify trends, patterns, and areas of improvement or concern.
- Prepare accurate and timely financial reports, including monthly, quarterly, and annual financial statements, variance analysis, and performance dashboards.
- Review/preparation of RHQ annual statutory accounts

**2. Operational Performance Evaluation**
- Collaborate with cross-functional teams to gather relevant operational data and metrics.
- Analyse performance indicators, such as sales and operational metrics, working capital management and key cost drivers.
- Identify opportunities for operational optimization, cost reduction, and process improvement to enhance profitability and efficiency.

**3. Financial Planning**
- Assist in the development of regional budgets and financial forecasts in collaboration with regional management and finance teams.
- Monitor and track actual financial performance against budgeted targets and provide regular updates to management.
- Analyse budget variances, investigate discrepancies, and provide recommendations for corrective actions as needed.
- Review/preparation of RHQ annual budget and quarterly financial forecast.

**4. Strategic decision support**
- Support top management in strategic decision-making by providing financial insights, scenario analysis, and feasibility studies.
- Conduct financial modelling and sensitivity analysis to evaluate the potential impact of different business scenarios and investment opportunities.
- Assist in the development of long-term financial plans and strategies for the regional business.

**5. Compliance and Risk Management**
- Ensure compliance with group financial policies, procedures, and regulatory requirements within the region including compliance with international and country tax legislation.
- Support internal and external audits by providing accurate financial data and documentation as required.
- Monitor and mitigate financial risks by identifying potential issues, conducting risk assessments, and implementing appropriate controls.

**6. Stakeholder Communication and Collaboration**
- Prepare and present financial reports, analysis, and recommendations to senior management, group finance and key stakeholders.
- Collaborate with regional and global finance teams to share best practices, ensure consistency in financial reporting, and support strategic initiatives.
- Provide financial guidance and support to RHQ leadership team, fostering effective financial decision-making and accountability.
- Maintain strong external relationships with auditors, bankers, tax advisors and country tax authorities.
- Undertake business travel in the region or globally when required.

**7. Development of Business Systems**
- Lead the operation and development of Microsoft D365 finance activities and work with the operations and supply chain team to improve operating efficiencies ensuring ongoing compliance.
- Support the development of best practice and performance metrics.

**8. Management of Finance department**
- Day to day staff management
- Performance appraisals
- Employee development

Undertake any other duties and responsibilities as required/instructed in order to maintain and/or improve the efficiency, quality and service provided.

**Qualifications, Experience & Skills**
- 5 years’ accounting experience within a commercial and manufacturing business.
- Previous accounting experience within an SME - manufacturing and commercial operations
- Excellent verbal and written communication skills, with the ability to present complex financial concepts to non-financial stakeholders.
- Able to produce management reports with the ability to present the result

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