❖ Oct ' 2010 - Up to now Etihad Airways
Appointed as Manager - Financial Planning & Controlling
Job Description:
1. Financial planning
❖ Formulate and help define strategies of the division. Translate the strategies into financial goals. Develop financial business plan based on complex financial models while ensuring that ownership rests with the business
❖ Establish business unit's KPI's based on financial strategy and financial targets. Report and analyze variances of actual with the targets set as part of long-term business plans (3 years and 5 years business plan)
❖ Analyze potential projects (operating and capital) and ensure prioritization based on standard decision-making criteria (financial and non-financial) which are directly linked to Etihad's strategy
❖ Use scenario planning and 'what if' simulation tools to evaluate strategic intents and market outcomes based on benchmarking exercises
2. Budgeting
❖ Analyze the business plan of the division to understand business goals and KPI's. Set budget targets based on business plan
❖ Plan out budget timelines for division. Identify weaknesses in previous year budget and target cost items, which are critical to the business. Meet with all key stakeholders (EVP and VPs of departments) to ensure that adequate planning is done prior to commencement of the budget cycle
❖ Coordinate the manpower and financial resources for the forthcoming year in line with the business plan
❖ Facilitate the business to prepare budgets as a combination of top-down targets for key drivers and bottom-up input
❖ Review the budget submissions alongside the EVP's to ensure that the high level KPI's and targets are met through budget submissions
❖ Provide timely, meaningful and accurate reporting of budgets vs. previous year's performance, and conduct a thorough review of the budget submissions
3. Performance target setting
❖ Review of current KPI performance and set future targets in line with corporate goals
❖ Regular monitoring and feedback on performance throughout the year, culminating with a formal assessment at year-end along with Financial Review
❖ Drive the balanced Scorecards initiative in the division by setting targets, and monitoring performance against targets
4. Performance reporting
❖ Ensure (in liaison with Financial Reporting) that accounting policies and Chart of Accounts Structure is standard, clearly defined, documented, communicated and executed across the organization
❖ establish consistency in financial processes, procedures and systems and actively manage financial risks within the division (Forex, Interest rates, Counterparty and fuel risk)
❖ Visibility, monitoring, control and accountability of capital and expense spending is ensured by a standardized project accounting process integrating commitments, budget control and standardized project reporting across the organization
❖ Standardized reports reflecting company strategic goals and KPIs are developed and rolled out to the business
❖ Required non-financial supplementary information for internal reporting, i.e. volume data or other divisional drivers are handled as part of an integrated management reporting process
5. Analysis
❖ Advise the business on Financial Restructuring, Mergers and Acquisitions, Project Evaluations and other Investment decisions by developing Financial Models
❖ Standard analysis requirements are updated in line with corporate strategy and KPI's
❖ Corporate procedures and policies are clearly defined and in use for investment appraisal, with appropriate templates in place to enable evaluation, review and sign-off on investment decisions
❖ Development of clearly defined business models, drivers and performance metrics which link operational and financial performance
❖ Market and industry insight and analysis are used alongside company reports when performing analysis
6. Intervention
❖ Implement an up-to-date and comprehensive compliance strategy and support by operational-level policies and procedures, which ensures that compliance with current corporate governance is achieved
❖ Formally review compliance strategy, policy and procedures in the light of performance and changes to regulations, and repot the review findings to senior management, including recommendations for change
❖ Document and implement processes for decision making, establish and monitor strategic goals
❖ Make sure all information used in evaluating new initiatives are accurate, timely, understandable, sufficient and robust enough to make decisions and take corrective actions
7. Cost management
❖ Formal and regular cause-and-effect analysis is undertaken for actual cost compared to standard cost on a process, product and customer level, with continuous benchmarking with competitors (within and outside the industry)
❖ Implement and drive various cost management and reduction initiatives
8. Forecasting
❖ An on-going rolling forecast process (12 months) is conducted monthly at the business unit level and consolidated at Corporate
❖ Ensure clear policies and procedures are in place for forecasting; these detail time horizons, forecast level of detail, materiality levels, forecasting calendar, and review and sign-off procedures.
❖ Ensure a Current Estimate is prepared and reviewed with the Divisional EVPs and ensure a consolidated view of Current Estimate is prepared for CEO and Board review
❖ Advanced scenario and 'what-if' analyses are used to analyze and challenge forecast assumptions.
- مجال الشركة:
- شركات الطيران
- الدور الوظيفي:
-
المحاسبة والتدقيق
