Job Opportunity: Senior Manager, Financial Planning & Analysis (FP&A)

One of our esteemed Business Partner/client, a leading logistics company headquartered in Kuwait, is looking to hire a seasoned and motivated Senior Manager - Financial Planning & Analysis (FP&A). The position will be based in Kuwait and the interested candidate should be open to relocate and travel within the GCC region.

About the Company
Listed on the Kuwait Stock Exchange, the Company provides a wide range of logistics services across sectors and geographies (Kuwait, KSA, Qatar etc.).

Job Summary
The Company is seeking an experienced and detail-oriented Senior Manager, Financial Planning & Analysis (FP&A) to join their finance team. The key responsibilities would include developing timely, accurate and customizable FP&A / Management Reports; and providing inputs in planning, budgeting and forecasting processes.

Key Responsibilities

• Establish and continuously recommend improvements in the FP&A reporting systems.
• Understand the requirements of the Management and Finance department and liaise with the IT department to set up customized monthly reporting systems.
• Coordinate with the IT department to get the required accounting data and utilize data for reporting and analyzing the organization performance in a crisp and timely manner.
• Ensure production and circulation of weekly/monthly/quarterly/annual FP&A reports to Business Heads, CFO, CEO, Executive Committee and Board of Directors containing market information, competitor benchmarking and performance analysis (including accounting revenues, costs, profitability, working capital etc.).
• Ensure production and circulation of monthly FP&A reports to Management containing information on profit & loss, balance sheet, cash flows, variance analysis, equipment utilization, receivable analysis, ageing schedules, provisioning data and other market/competitor data.
• Liaise with Management to provide any additional customized reports/data as requested.
• In consultation with the Division Heads prepare division wise budgets for the company and present them to the CFO and CEO.
• Consult Division Heads and CEO for utilization targets, plan for the same and help the Division Heads in planning and forecasting their equipment requirements for the year.
• Liaise with Division Heads to help them visualize the feasibility of proposed projects.
• Support Division Heads in setting up price lists for equipment rental and services.
• Build separate profit & loss accounts for each fixed asset (warehouse, generators, cranes etc.) used for revenue and cost allocation.
• Prepare project costing conduct feasibility study for new capital expenditure. Analyze various aspects of capital budgeting like ROI, IRR, NPV, Cost Benefit analysis, post investment monitoring etc.
• Support in the development, pricing and submission of bids and response to tenders.
• Assist in providing the required inputs to strategy formulation to give direction to the organization, for example assessing any prospective M&A targets.
• Take a lead in coming up with suggestions for improvements in financial processes with the internal auditors.
• Staff development activities for direct reports including supporting recruitment, team development and complaint resolution, set Key Performance Indicators, conduct performance appraisal and drive motivation.

Key Relationships

• CEO
• CFO
• Division Heads / Department Heads / Executive Committee
• Other Managers & staff

Qualifications & Experience

• Bachelor’s degree in finance, accounting, economics or comparable.
• Professionally qualified CFA Charterholder, Chartered Accountant or equivalent.
• Minimum 10-15 years’ experience in industrial companies, consulting or financial advisory firms (a stint with a consulting or financial advisory firm would be a strong plus).

Desired Skills

• Knowledge of valuation methodologies and concepts including discounted cash flow, CAPM, WAAC, relative valuation etc. is critical.
• Good working knowledge of IFRS
• Hands-on experience with Excel and capable of building complex financial models. Well versed in Power point graphics and the ability to create Power point decks.
• Ability to present financial data using detailed graphics, tables and charts.
• Comfortable dealing with ambiguity and the ability to work independently.
• Strong analytical thinking and problem-solving skills.
• Detail-oriented and able to perform in high-pressure situations and with challenging deadlines.
• Excellent English language skills both oral and written.
• Must possess outstanding interpersonal and communication skills with executive presence to work with senior management and peers at both the company level as well as with external stakeholders. Should have the ability to engage with staff at all levels of the Group and exercise sound judgement.

What the Company Offers:

• Competitive salary and opportunities for career advancement and professional development.
• Collaborative and innovative work environment.

Interested candidates are invited to submit their CV along with a cover letter to hr@pkcadvisory.com.