Position : Sr. Financial Reporting Analyst
Section : Finance & Investment
Location : Doha, Qatar
No of resources : 1
(Preferably Bilingual Candidates with Insurance Experience Only)
KEY ACCOUNTABILITIES:
To independently undertake all Accounting and reporting activities; develop and deliver annual budgets and five-year business plans; develop and deploy MI systems and processes for Activity Based Costing and Asset Class reporting; lead the development of and annual maintenance of a Manual of Accounting. Coordinate with Financial Planning & Reporting Manager to insure that the appropriate financial and accounting processes are in place for accurate and timely documentation and reporting.
Knowledge & Experience:
Budgeting and Business Planning:
- Oversee the company’s budgeting and forecasting, to ensure deployment of the latest budgeting/ forecasting tools and developing the company’s budgetary policy/ framework and the related budgetary templates.
- Develop Budgeting and Five-year Business Planning guidelines, timetables and assumptions.
- Develop and deliver workshops to communicate budgeting and planning processes, guidelines and requirements. Provide Ad-hoc handholding support to all departments, as required.
- Manage the annual budgeting and business planning process by coordinating base-data submissions from all the company departments. Authenticate base-data for completeness, accuracy and logic; run sensitivity analysis through Capital Modelling on premium income, ceded income, claims payable, claims recoverable, technical reserving and general reserves.
- Lead on operating and maintaining Capital Modelling software capability.
- Consolidate budgets and business plans; develop risks and opportunities for all departments and hold challenge and review meetings.
- Develop budget and business plan commentaries and bridges to document reasons for variances from prior year budget and business plan, as well as actual results Latest View Forecasts.
- Work with the CFO to obtain CEO approval.
- Ensure budget holder sign-off, post Board approval.
- Communicate Budget and Business Plan to Group Parent and address any queries.
Internal & External Audit
- Coordinate with internal and external auditors providing close cooperation and assistance to ensure that the integrity of the organisation’s accounting practices meet standards and guidelines set out in the Manual of Accounting.
- Monitor along with the internal audit team all internal controls to ensure the company’s assets are safeguarded, financial risks are minimized, and all statutory requirements are met.
Key Performance Indicators and Executive Commentary Reports
- Prepare relevant departmental MIS statements in a timely and accurate manner to meet the company and the Finance department requirements, policies and standards.
- Prepare financial accounts, detailed budgets and financial plans on a composite and unitary basis for approval and distribute to all departments throughout the organisation
- Ensure preparation monthly management financial reporting package and executive summary reports while ensuring key issues are brought to the attention of the management.
- Obtain KPIs from all the departments of the company and consolidate them into a single management report in order to ensure consistency and coherence of KPIs throughout, taking the required actions as necessary.
Skills needed:
Knowledge & Experience:
- 10 – 14 years of accounting experience within in management accounting based work environment.
- Professional Accounting Qualifications such as ACCA, ACA, CIMA or CPA.
- Preference will be given to candidates able to demonstrate experience of the insurance industry and accounting systems (Oracle would be advantageous).
Skills & Competencies:
- Time Management
- Information Gathering
- Number Crunching
- Attention to Detail
- Proficient in MS Office such as MS Excel
- Research skills
- Excellent communication and interpersonal skills