We are seeking a Senior Financial Analyst to join our team. As a Senior Financial Analyst, you will play a key role in supporting the Finance Manager in delivering a robust control environment and managing the month-end close process. You will also be responsible for liaising with the Tax Team to ensure proper, accurate, and timely submission of tax returns.
Responsibilities: Support the Finance Manager in delivering a robust control environment and managing the month-end close process. Liaise with the Tax Team to ensure proper, accurate, and timely submission of tax returns. Ensure compliance in areas of tax and other regulatory requirements. Support the Finance Manager in managing the treasury function and adhering to group policies & guidelines. Play a part and contribute to business process improvement and simplification initiatives. Partner with non-finance functions & external stakeholders that may impact finance (e.g., sales, supply chain, distribution partner). Lead in accounting for special projects and other ad-hoc business requests.
Commercial Finance & Business Partnering: Partner with Sales, Marketing, and Supply Chain teams to drive financial performance and support commercial decision-making. Drive value creation through actionable financial insights supporting commercial and operational decision-making. Analyse gross margin performance by product, segment, and customer. Conduct margin sensitivity and scenario analysis to assess impact of cost changes on profitability. Provide detailed COGS analysis including base oil price fluctuations, blending costs, and logistics expenses. Monitor production/blending performance and cost variances vs standards. Support Annual business planning and monthly Rolling Forecast (RF) with robust assumptions and analytics.
General Accounting: Ensure proper, accurate, and timely recording of all accounting journal entries (e.g., sales, purchases, other cost/income and non-cash standard entries). Prepare monthly reporting package and ensure accurate upload of financial data on reporting module. Support in the preparation and issuance of statutory financial statements in collaboration with external audit. Ensure Balance Sheet Integrity “BSA” through monthly extensive deep dive reviews and GL reconciliations. Prepare monthly balance sheet and profit & loss analysis (MI pack), including quarterly balance sheet review deck. Support preparation of the Annual Plan and RF submissions. Prepare Due Diligence pack in addition to ensuring smooth closures of open topics.
Fixed Assets & Inventory: Record fixed asset acquisitions and dispositions. Conduct periodic impairment reviews for intangible assets. Prepare audit schedules relating to fixed assets and assist the external auditors in their inquiries. Ensure the accuracy of inventory numbers by monitoring inventory levels, conducting regular audits and reconciliations, and correcting discrepancies. Prepare inventory reports for management, including inventory valuation, variance analysis, and cost of goods sold. Initiate the costing cycle, inventory revaluations and standard costing as per the company’s Product Costing and Transfer Pricing guidelines.
Accounts Payable & Intercompany: Process vendor invoices/advance payments and ensure settlements as per contractual and credit terms applied. Ensure the execution of a periodic payment cycle and respond to vendors’ queries and follow-ups. Process employee travel and expense reports. Recording IC invoices and ensuring Inter-company reconciliation are in place including resolving of mismatches & IC balance differences.
Accounts Receivable & Credit Control: Drive improvements in working capital including receivables, inventory, and payables. Monitor cash flow drivers and recommend actions to improve liquidity. Perform monthly aging analysis in addition to extensive monitoring of bad debt exposure and report any risk to management. Coordinate with the Regional Credit Function to ensure compliance to the group credit policies.
Tax: Working with the tax consultants to ensure tax compliance and on-time tax filings.
Treasury: Prepare the monthly bank reconciliations. Coordinate with BP Treasury for timely processing of cheques and wire transfers. Manage relationships with financial service providers.
Internal Control: Ensure adequate internal controls are in place & operating as intended to manage any financial exposure. Ensure compliance with Minimum Control Expectations (MCE) Maintain Egypt’s Delegation of Authority while ensuring compliance. Working with Supply Chain team to ensure completeness of cycle counts and annual physical counts.
Desirable criteria & qualifications: Recognised national or international professional financial management/accountancy qualification with extensive years post qualifications experience or appropriate business experience.
Essential experience and job requirements: Good interpersonal and communication skills Ability to challenge and influence through persuasion. Strong financial knowledge and ability to identify opportunities to simplify and streamline processes. A good understanding of accounting principles and group reporting tools Skillful in approaching problem solving. Sound knowledge and experience of local tax and custom laws Strong knowledge and experience of key ERP, MI and reporting systems
Other Requirements: Strong interpersonal, communication and team working skills. Experience in working with a multi-cultural workforce. Ability to work with relatively young and inexperienced staff.
Relocation available?: No Travel required?: Yes - up to 10%
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