qatar jobs Head of Financial Planning & Analysis - Vodafone Qatar
jobs description: jobs in Qatar Head of Financial Planning & Analysis - Vodafone Qatar
Strategic Financial Planning & Forecasting
- Design and implement a robust best practice LRP and Annual Forecasting process (quarterly rolling forecast, 9+15 and LRP) including coordinating the process of individual target setting in collaboration with the responsible Executive Director. Responsibility to drive business to deliver on forecasts set. Explanation, presentation and sign off of forecasts by Exec and Board.
- Drive annual financial planning exercise while working closely with COO, CTO, CFO and ensuring that all the interdepartmental dependencies are adequately addressed and individual plans for different departments tie back with the overall strategic direction of the company.
- Lead annual “Long Range Planning” exercise setting the strategic priorities of the company. Drive company valuation and annual impairment testing
- Advise and collaborate with executive leadership team on the development, implementation, and evaluation of operating and capital budgets, determine the financial implications of business decisions/projects and recommends strategies to enhance financial performance.
- Challenge, negotiate and influence the business teams in ensuring that chosen business strategies deliver the required shareholders value at an acceptable level of risk
- Drive weekly P&L forecasts and quarterly rolling forecasts, identifying and highlighting risks to the achievement of annual budget targets and recommending and implementing corrective measures
- Own the overall planning calendar and oversee the completion of planning process including review and approval of annual budgets and long range plan by the executive leadership team and the Board of directors
- Develop and implement a robust capital allocation policy with the purpose of ensuring that all operating and capital expenditures align with the strategic direction of the company
- Continuously review the planning and forecasting process and the underlying financial models. Drive actions to make it effective and efficient.
Financial Management & budget control
- Drive month and year-end processes within Vodafone Qatar in line with the organization’s deadlines, ensuring all accrual and prepayments are made in line with financial procedures.
- Investigate & report on significant budgetary variances, identifying any remedial action that needs to be taken.
- Analyze business intelligence and performance data across multiple business functions (including Sales, Marketing and customer operations), competition and overall economy of the country and use explanatory and predictive modelling and other analytical tools to drive fact-based decision making and managing business performance
- Meet regularly with budget holders to assess financial performance and to provide financial management information, analysis, and advice.
- Provide insightful and detailed input to CFO and other Executive team members on actual business performance & its underlying drivers
- Act as financial adviser to COO, CTO and other executive team members on actual business performance and supporting and assisting them in the achievement of annual budget targets
- Develop trust and strong working relationship with all the functional heads in commercial, technology and other support functions
- Liaise with and assist other staff within the Vodafone Qatar’s Finance Team to ensure that corporate, statutory and performance monitoring requirements are met.
- Critically review all the spend requests exceeding QR 100k and challenge the business teams on spend rationale and its cost/ benefit analysis. Create a sense of financial discipline across the company.
Business Cases Evaluation & Post Investment reviews/ Post campaign analyses
- Develop and implement profitability guidelines for new products/ business ventures, business cases governance framework and standard templates to be used for preparing business cases
- Strategically review and analyze business cases for new products/ pricing decisions/ Bid P&Ls, challenge the business constructively and ensure adherence to pr. Approve all business cases with financial impact of more than QR 250k + on EBITDA
- Collaborate with Sales and Product Management leadership to establish and implement pricing policy including policy components which allow for the review, approval and adjustment of strategic pricing based on industry/market
- Drive post investment reviews of major commercial campaigns with a view to provide critical insights to the executive leadership and commercial teams and ensuring that learnings are incorporated into future commercial proposals/ campaigns
- Sign-off on all capital expense projects and evaluate recommendations based on NPV, IRR, and other financial factors ensuring alignment with strategic vision, customer needs, capacity expansion needs and financial feasibility
- Oversee management and control of CAPEX appraisal process and provide advice and insight in Capital Allocation Board (CAB) meetings
- Support other members of the Finance and Resources Team with ad-hoc projects. Include bringing together financial and activity information.
Business Performance Analysis & Strategic pricing reviews
- Regularly review key business Metices and drive periodic analysis on unusual trends using business intelligence data. Identify potential risks to business performance and recommend strategic options to Executive Team.
- Continuously Identify & evaluate the impact of pricing gaps and recommend changes in pricing structure in line with established policies
- Drive regular product profitability analysis/ channel profitability with the objective to evaluate their effectiveness and relevance in the light of existing market dynamics.
- Initiate periodic review of commission structure for FTEs/ FTCs and channel partners keeping in view overall company profitability and competitive positioning. Recommend changes to help commercial teams deliver gross adds/ CMS targets
Strategy Development and Implementation
- Develop and direct the implementation of the department strategy ensuring alignment to divisional strategy, Vodafone Qatar’s vision, mission, and corporate objectives.
- Ensure that department strategy and related strategic plans are developed and implemented, which are aligned with the vision and mission of the organization.
- Ensure the provision of subject matter expertise for the assigned domain and provide counsel to Vodafone Qatar’s leadership on all related areas to facilitate the achievement of Vodafone Qatar’s strategy and divisional strategies.
Leadership
- Motivate Senior Management and empower direct reports by providing the necessary tools and support required to support Division goals
- Plan, manage, and review individual performance and provide regular feedback, development and coaching, taking prompt action where necessary
- Establish clear direction, prioritize tasks, assign and delegate responsibility and monitor the workflow of the Strategic Finance Division
Change Management and Continuous Improvement
- Lead the management of change through continuous improvement of department systems, processes, and practices taking into account global standards and changes in the business environment which demand proactive action plans.
Policies, Systems, Processes & Procedures
- Develop and lead the implementation of department policies, systems, processes, procedures and controls covering all areas of assigned functional so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service in a consistent manner.
Reporting
- Develop periodical financial management information reports to keep the Board of Directors and shareholders informed about the health and progress of Vodafone Qatar.
- Ensure that all department reports are prepared timely and accurately and meet Vodafone Qatar’s requirements, policies and quality standards.
Related Assignments
- Perform other related duties or assignments as directed by the CFO.
Job Details
| Posted Date: | 2022-05-10 |
| Job Location: | Doha, Qatar |
| Company Industry: | Telecommunications |
Preferred Candidate
| Career Level: | Director/Head |
| Degree: | Bachelor's degree |
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