Jobs at this level are responsible for supporting treasury activities, driving alignment of financial assets and funding requirements to overall financial plans and goals, reconciling fund transactions and conducting cash flow analysis. Also, they are responsible for supporting the development of financial modelling interfaces with the IT Sector to increase efficiencies of financial processes.
Consolidate and perform sanity checks on input sheets and business plans received from subsidiary
Analyse subsidiaries financial and operational performance against targets and previous year results and in view of market and industry trends and challenges at local levels
Identify performance gaps and analyse reasons for performance decline, if any, challenge performance of controlled subsidiaries
Prepare monthly, quarterly and annual reports for the subsidiary operations performance
Participate to assess and review the portfolio at individual subsidiary level from investment/divestment requirement in terms of fulfilment of strategic & operational objectives
Prepare briefs for Board Members to define a coherent position of STC on all key items on board meeting agenda, and organize debrief sessions following board meetings and respond to specific inquiries from Board Members
Manages the compilation of operational and financial targets for subsidiaries in order to integrate in the performance management framework
Review deals from commercial interest perspective within the STC group to assess end ensure fairness and adequacy in terms of engagement to fulfill strategic role
Develop opinions on financial issues (e.g. Loans… extra) facing Subsidiary and report to stakeholders, if requested
Review the approved resolution in order to ensure that, subsidiary is aligned with shareholder agreement & business plan, and recommend an opinion if needed
Conduct in-depth analysis and investigations to track and address major issues identified in any aspect of the business, if there is any
Review and analyse the historical results as well as projected performance, in order to develop a holistic view for subsidiaries
Track valuation of subsidiaries to ensure alignment with STC investment criteria and expectations.
Bachelor’s Degree in Finance
Professional certifications such as CA or equivalent
A minimum of 2 - 4 years of relevant experience.
Prior experience in the financial planning and investment.
Desired Skills &
Basic proficiency in financial regulatory laws, procedures and guidelines
Intermediate proficiency in finance and accounting
Basic proficiency in relevant IT financial systems and methodologies
Intermediate proficiency in financial analysis
Intermediate proficiency in reporting