Job Description
Roles & Responsibilities
Competitive environment: the business operates in a very competitive environment with both local and international players. Constant technical evolutions required to remain competitive, to have in place active cost reduction and performance improvement processes, to develop and implement strategies not purely based on price so that the business protects value. Regulatory environment: each Country has its specificities that generates constrains and opportunities. Rules constantly evolve and the business is requested on a regular basis to adapt its strategy and/or business model. Business environment: to operate in partnership with other Company s affiliates to ensure consistent approach to customers, One TotalEnergies structures used, communications coordinated, opportunities created by leveraging the Company. HSE environment: to ensure that the highest standards of HSE are implemented to meet Company s standards. This can often involve implementing additional processes beyond what is market standard.
Activities
Team Management
Direct: Responsible for a team of Finance Manager and Assistant Finance Manager(s).
Functional / Transversal: Supervision and close coordination with external stakeholders (outsourcing accounting firm, auditors, tax advisors, insurance brokers, lenders, lenders advisors).
Contributes to budget and LTP exercise on the Oman perimeter.
Senior Finance Manager (SFM) will oversee Finance, Accounting and Reporting activities for two to five Joint Venture Special Project Companies (SPC) which will design, build, own and operate medium size (100 MW to 500 MW) utility scale solar PV and wind power plants in Oman. The SFM will be seconded part-time to each SPC (and reports directly to respective project company s EMD/GM), and will oversee the spending of a 250 to 625 mUSD of CAPEX Budget, financed in majority from non-recourse Banking Facilities.
For each SPC:
SFM will be responsible for all finance, accounting, treasury, reporting, tax and IT functions.
Oversee the billing and collection coordination function of the Company.
Monitor risk management activities, including administration of insurance policies, in consultation with the EMD, and prepare annual progress reports to the Board.
Provide analysis and reporting of project company performance, compliance, tax, insurance, budget, internal control and risk management.
Reviews and analyses all contracts and ensures appropriate accounting work is completed.
Manages and coordinates the appropriate purchase orders in the system.
Is in close contact with the plant team to understand progress in the project activities and supports invoice and contract disputes where applicable.
Ensures all project costs are reconciled and recorded for month-end activities.
Interprets events and activities from a financial perspective (daily, monthly, quarterly, and annually).
Monitors project costs and compares against the plan.
Provides frequent feedback to operations.
Provides regular updates to the EMD and shareholders including preparation of management presentations.
Coordinate and report major deviations and highlight potential areas for improvement.
Leads all financial planning activities with respect to monthly, quarterly and yearly forecasts.
Maintains financial and accounting controls and oversee adherence to project company policies.
Administer hiring and purchase decisions made by the O&M Manager or EMD.
In preparation for each meeting of the project company s Board of Directors (BOD), he/she will prepare, at a minimum, the following information:
Quarterly project cost and sources of finance analysis of expenditures and cash flows comparing actuals with budget / base case financial model parameters.
A forecast of expenditures.
In case of any requirement of any expenditure not included in the base case financial model - a detailed note shall be prepared for the Board for approval of such expenditure.
Attend the BOD meetings to support the EMD in providing any clarifications necessary to the financial reports and to respond to questions from the directors.
Participate in negotiating and drafting term sheets, purchase agreements, and financing documents, if required.
Maintain relationships with the project company shareholders, investment bankers, and advisors.
To ensure that the project company complies with the commercial/financial requirements of the project documents and governmental policy/ regulations.