iHorizons
Finance Leadership
iHorizonsQatar2 days ago
Full-timeFinance, Sales
Job Description

Job Summary

The Head of Finance leads the finance function at iHorizons and is responsible for meeting all department objectives. The role holder ensures that all financial transactions are accurately recorded as per globally accepted accounting standards by the team of accountants. The role holder also provides support to the Board and Management Members through information analyses (e.g. current processes, actual performance vs. budget and prior year, budget, etc.), identification of areas for cost reductions and operational improvements, leads the annual budget process, periodic forecasting, and periodic analysis of operations performance. Tracking/controlling project costs, providing inputs, and supporting commercial proposals (pricing) are key functions of the role holder.

Provide leadership and valuable contributions in the area of business growth, revenue expansion, and profit margin improvement. Participate actively in developing and implementing the company strategy.

Own contracts from financial terms and conditions perspective. Proactively manage prospective financial risks, including cash flow, banking facilities utilization, and all other financial commitments.

Reporting Structure

  • Head of Finance reports to the CEO.

Job Objectives

  • Accurate recording and reporting of financial transactions.
  • Business Partnering
  • Analysis of financial performance and support in business decision making
  • Support in Revenue and profitability growth
  • Commercial/Pricing support
  • Finance department enhancement- policies, methodologies, and people
  • Financial risk management

Job Responsibilities

Financial Planning, Analysis and Reporting 

  • Leads the yearly financial planning process by working closely with other stakeholders and the senior management to develop yearly budgets. 
  • Continuously monitors and reports performance against budgets and highlights variances. 
  • Conducts pre-agreed and ad-hoc analysis of performance. This could be at an overall organization level, at department/unit levels and on all projects. 
  • Ensures that all reports are relevant and meet pre-agreed completion SLA’s.  

Accounting and Auditing 

  • Through a team of accountants and senior accountant, manages all elements of the accounting function in line with industry-accepted practices. 
  • Through proper checks and balances, ensures high level of accuracy in accounting. 
  • Meets all internal SLA’s on monthly and yearly closing.
  • Manages the entire external audit process in all branches and manage relationships with external auditors. 

Project Costing 

  • Establishes and manages strong processes to record, track, analyze and control project costs. 

Financial Policies and Practices 

  • Sets up and runs the finance function as per global best practices. Adapts well to changing needs of the business and ensures that Finance is a valuable business partner. 
  • Ensures that all financial practices are well aligned to business needs.

Pricing/Commercial Support

  • Establishes strong systems and processes to provide the right financial inputs for pricing decision. 
  • Actively participates in commercial discussions/decisions and supports profitable growth of the organization.   
  • Responsible for the accuracy of cost inputs for all pricing/commercial decisions.  
  • Reviews commercial contracts and provides inputs before sign-up. 
  • Analyze costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans.
  • Ensure proper overhead allocation with pricing and costing. 

Team Management and others

  • Ensures high quality deliverables from team by setting up strong processes and monitoring them. 
  • Develops and motivates team to perform at desired levels.  
  • Own relationships with banks and other financial institutions, represent the company with them, and ensures that the right services and procured as needed. 
  • Manage the upgrade to a new accounting software solution when required and ensure effective utilization of solution and proper integration with other business systems used in the company to automate processes and minimize manual work. 
  • Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met. 

Management and Business Partnership

  • As a member of the Management Committee, contribute to the development and implementation of strategic and operational plans across the business.
  • Ensure that Finance plans are always aligned to organizational objectives and Finance plays its part as a growth driver.
  • Be a trusted advisor to the leadership team on all finance-related matters
  • Support in implementation of the strategic management program (Program Core). In the Finnace Department, ensure that scorecards are aligned to department objectives, targets met and reported as per guidelines from the strategy department.
  • Support the sales and delivery units in presenting our financial strengths and stability to clients in order to build confidence in iHorizons.

Managerial Responsibilities

Business Unit / Team Structure & Strategy

  • Envision, plan and design your department’s team structure and size, their roles, and their responsibilities.
  • Contribute towards interview and selection activities of your team members and facilitate onboarding and integration of new talent. Hire people who are much stronger than you in their domain.
  • Define the strategy, scorecards, goals and objectives for your department/team.
  • Define and implement a collaborative, open and politics-free culture
  • Weave-in the interdepartmental dependencies towards achieving collective organizational goals.
  • Develop and nurture a conflict-positive environment where issues are discussed and resolved directly and openly.
  • Ensure the psychological safety of all staff members.
  • Prioritize improving work over work itself.
  • Build strong work practices through process documentation and adherence.

Department / Team Management

  • Build and lead a diverse group of talented staff and managers.
  • Build a transparent, open, and consistent communication system between you and department heads/team managers, while ensuring that teams have clear understanding of business direction, strategy, and results.
  • Monitor department/team's work and performance by conducting regular meetings and systematic reviews.
  • Enhance department/team's engagement levels by creating a positive work environment and by ensuring alignment of individual & team objectives to organizational goals.
  • Assist and support department/team in achieving goals and elevating productivity.
  • Manage the design and implementation of department/team scorecards in collaboration with Strategy.
  • Ensure continuous monitoring and reporting of department/team scorecard.
  • Ensure that your team members are top performers. Manage underperforming team members but never retain those who fail to improve.
  • Act as an end escalation point for department/team’s critical issues and ensures solving them in a timely manner.
  • Serve as a mentor to department managers in standard practices, tools and methodologies
  • Develop department/team strategies and ensure their alignment to the overall business strategies.
  • Serve as an advisor to CEO/department heads on issues related to external politics, client/vendor relations, project quality, project risk, issues resolution and conflict management.
  • Ensure that your team members embody our Way of Work (WoW) and respect and follow our values and ethics.

Employee Development & Performance Management

  • Effectively use our Continuous Performance Management (CPM) system to ensure growth and development of your staff, setting clear objectives, scheduling periodical informal performance conversations and formal review sessions, and providing constructive feedback.
  • Support and guide your staff to achieve work and personal development goals through coaching and mentoring.
  • Contribute to career path planning by creating development plans for staff and ensuring implementation.
  • Aid in succession planning by determining critical roles in the team and identifying ideal successors for those roles.
  • Ensure training need analysis is done department/team wise and that training programs are administered properly.
  • Create a continuous learning culture where staff are always up to date with their areas of focus.
  • Create and continuously develop work processes, best practices and standard operating procedures (SOPs) that are well documented and well communicated. Assure staff adherence thought continuous monitoring.
  • Select, implement and communicate tools used by various team member. Continuously evaluate the efficacy of the tools and constantly update them.
  • Strive to continuously enhance the efficiency, quality, and innovation of business unit/department/team.
  • Research evolving areas of work, new market trends and changes and keep processes and standards updated by incorporating these trends and changes into the work model and leading its adoption.

Job Requirements

Educational Qualification

  • Post-Graduation in Finance/Accounts or related fields is mandatory. 
  • CA/CPA or similar professional qualifications are highly desirable but not mandatory.
  • Candidate should be able to demonstrate commitment to continued learning in the field of finance.

Previous Work Experience

  • Total post qualification experience of 15+ years. 
  • Experience should cover Financial Planning, Analysis, Reporting, Accounting and Auditing.  
  • The candidate should have experience in managing the finance function for an IT Services company. 
  • Experience in project costing and pricing is mandatory. 
  • Experience in managing distributed teams and stakeholders is highly desirable.  
  • Should have managed of team with minimum team size of 5 direct reportees. 
  • Candidate should have worked closely with C level stakeholders. 
  • Proficient user of finance software. 

Skills And Abilities

  • High level of functional skills and an ability to design and implement best practices within finance.  
  • Ability to navigate through business situations, which are highly challenging and ambiguous. 
  • Excellent communication and leadership skills. 
  • Ability to manage stakeholders from different functional areas. 
  • Ability to drive change. 
  • Ability to develop and motivate team. 

Desired Leadership Skills 

  • Superior leadership skills both within the finance function and within the organization as a whole.  
  • Managing a team of accountants, assistant manager and FP&A personnel. 

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