Commercial Finance Director

Job Description : COMMERCIAL FINANCE DIRECTOR DUBAI, UAE As a Commercial Finance Director, will be heading the Corporate Finance & Controlling team member managing the different divisions in MPC, Unicare, VTE, and Thumbay plus any other new added business to Albatha Healthcare portfolio. The role will report to AlBatha Healthcare Division CFO. Will be mainly responsible for: Enhancing the corporate governance, Internal control framework, Improving the monthly financial statements review & management reporting processes, Ensure quality & healthy Balance Sheet, Work with the different entities & division’s Head of Finance & Senior Management to achieve the related annual financial targets and KPI’s, New business cases and investments evaluations, also lead the annual budget preparation and reporting process. The candidate will be able to demonstrate value delivery and impact on the business. · Lead the end-2-end FP&A agenda mainly the following: Financial targets/objectives allocation, Development & Issuance of the annual planning calendar and submissions deadlines, Issuance of quarterly FP&A guidelines, instructions and communication to four operating entities · Lead the Division’s Monthly Performance Reviews Meetings with the CEO, CFO, and Division’s Executives to review: Sales, Margins, Net Income, Business Risks & Opportunities, and Financial & Operation Performances · Assess and evaluate financial performance (vs. Budget, Forecast & Last Year) to provide insight and adequate recommendations · Manage the monthly Working Capital & KPI’s ensure best utilization of resources and continuous availability of cash · Identify and agree with the CFOs & CEO on the annual MWB-Must Win Battels and monitor the execution process with the entities · Reviewing the CAR‘s (Capital Appropriation Requests) and secure the proper management’s approval as per the AM-Approval Matrix · Review the contracts with Principles and other business partners · Responsible for the production of timely, valid, accurate, complete and relevant financial reports and dashboards, mainly: Sales & Volume reporting, Full actual P&L compared against YAGO, PLAN, FCST, Operating Income COC-Cause Of Change water fall, Risks & Opportunities, Hits & Mitigations, Capex spending tracking & status, NWC-Net Working Capital performance, Warehousing Capacity & Utilization, Marketing and Promotional Spending, Demand Creation, Payroll Cost, and finally the status of the MWB-Must Win Battels across all clusters. · Prepare the needed budget and performance presentation to AlBatha Management · Cooperate with the Power BI Developer to develop life, interactive, visual reports and dashboards for both internal and external stakeholders help them visualizing the business and financial performance, identify business problems and the take the proper business decisions and corrective actions (if needed) on timely manner · Build detailed business cases and financial models to evaluate the effectiveness of the new M&A projects mainly: new businesses line, new suppliers’ evaluation, Tenders evaluations, Acquisitions of new companies, and Mergers with other entities · Calculation of the proposed purchase price for the new potential investments and acquisitions · Lead the due diligence processes and detailed review for the potential investment’s financial statements & performance and provide detailed reports for the financials exposures, control gaps, processes deficiencies, and proposed corrective actions. · Oversee the accounting shared services center daily activities (General Ledger, Financial Reporting, Inventory Management, Costing, VAT, Accounts Payable, Credit Control, and Treasury), Month-end closing and Issuance of managements accounts · Develop/implements all Policies & Procedures and related controls to ensure compliance with procedural/legislative requirements, mainly: Financial Reporting, Trade Receivables, Inter-Company, Inventory, Travel/Entertainment & Fixed Assets and as deemed appropriate by the senior leadership team and organizational goals & requirements · Act as the sole contact person with the Group Internal Audit team, to ensure the closure and implementation of its recommendations · Cooperate with the CFO & HR Director to reconstruct the Finance Department by developing the optimum Organization plan & required resources based on the current and expected work volume and management expectations · 15+ years' experience in a senior financial managerial position with a proven record of success, Prior experience in healthcare/Pharmaceutical industry is preferred. · Bachelor's Degree in Accounting, Finance, or related field. · Professional accounting qualification such as CMA, MBA, or CA. · Strong analytical and communication skills; ability to represent the company in front of customers, industry organizations and principals. · Strong business orientation – ability to understand and explain business results and translate into financial consequences. · Experience in M&A (valuation, due diligence, integration, and disentanglement). · Progressive experience in business and staff management roles. · Balanced financial experience, including FP&A, Accounting and Internal Control, and prior business decision support. · High level of integrity, humility and dependability with a strong sense of urgency and results-orientation. · Strong problem solving and creative skills and the ability to exercise sound judgement and make decisions based on accurate and timely analyses. · High communication skills & strong leadership qualities. · Excellent interpersonal skills. · Sound knowledge of accounting fundamentals.

---