Financial Analyst
Posted on :
01-11-2024
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Job Description
The Financial Analyst is responsible for providing financial insights forecasting and analysis to support strategic decisionmaking within the organization and the Group Companies. This role involves developing and maintaining financial models analyzing business trends and preparing detailed reports that guide budgeting forecasting and performance monitoring.
The Financial Analyst collaborates closely with various departments/Group Companies to ensure accurate financial planning and to drive the organizations financial performance in alignment with its strategic goals.
Responsibilities
- Assist in the monthly closing process for all subsidiaries ensuring accurate and timely reporting of financial results.
- Review and reconcile accounts ensuring all transactions are properly accounted for in accordance with IFRS.
- Prepare monthly Board packs including financial reports key performance indicators and management analysis.
- Collate and validate financial data from all subsidiaries for group reporting ensuring consistency and accuracy across entities.
- Prepare monthly variance analysis comparing actual results to budget and prior periods.
- Provide detailed explanations for significant variances and offer recommendations to improve financial performance.
- Prepare standalone and Group consolidated annual budgets coordinating inputs from all subsidiaries.
- Monitor and track the Groups financial performance against budget throughout the year highlighting any deviations and assisting in corrective actions.
- Assist in financial modelling forecasting and scenario analysis to support business planning and strategic initiatives.
- Provide financial insights and recommendations based on analysis of key business drivers.
- Ensure compliance with IFRS and other applicable financial regulations.
- Support the preparation of statutory reports and liaise with external auditors during audits.
- Liaise with internal departments and finance teams across all subsidiaries to gather financial data ensure reporting accuracy and resolve any issues.
- Provide financial support and guidance to subsidiary finance teams to ensure alignment with group objectives.
- Provide adhoc financial analysis and reports as requested by senior management including detailed financial assessments for new projects investments or operational changes.
- Support special financial projects and initiatives such as system upgrades or process improvements.
- Assist in the preparation of quarterly and annual reports for the stock exchange ensuring accuracy timeliness and compliance with listing regulations.
- Identify opportunities for streamlining financial reporting processes improving accuracy and reducing reporting timelines.
- Implement and monitor financial controls to enhance the integrity of financial data across all subsidiaries.
- Perform any other task as allocated by the Group Accounts Director/CFO
Ideal Candidate will have:
- Bachelors degree in accounting finance or a related field or related postgraduate course
- Postgraduate accounting qualification is favourable (CIMA CMA ACCA CA and CPA)
- Aviation background is a plus
- 5 years of accounting and reporting and Financial Analyst experience.
- Advanced Excel competency and experience in automating/improving reports and processes.
- Knowledge of accounting principles IFRS and GAAP.
- Understanding of financial regulations.
- Experienced in working on large databases and financial software applications.
Key skills required:
- Ability to interpret a variety of financial documents.
- Analytical skills to process large amounts of information to find profitable investments.
- Proficiency to perform accurate research to determine various approaches to a financial issue.
- Possess excellent communication skills to relay crucial information to businesses in in simple clear language.
- Exceptional writing skills to prepare wellwritten documents that discuss their approach and recommendations.
- Decisionmaking skills to provide recommendations.
- Ability to use financial software applications to analyze financial information identify trends and make forecasts.
- Proficiency in using spreadsheets large databases MS Office suite.
Remote Work :
No
Employment Type
Full Time
Key Skills
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