NOV is looking for an Area Controller – Egypt, Contract Type : Permanent, Full Time
Reporting into the VP Finance Africa, the Area Controller – Egypt will organise and supervise the Finance functions across Egypt which includes multiple entities. You will lead a diverse team across AR, AP, Cash, Costing & Inventory and General Accounting. You will be a seasoned professional with multi- national Oil & Gas Financial experience and poses the ability to effectively communicate with Tax, Legal and Compliance functions to ensure the support for the development of NOV business in Country by providing local expertise, and coordinate with other corporate functions that would not be represented in country. You will be a proactive team player and support your colleagues to deliver on time and accurate reporting. This is an ideal opportunity for an exceptional individual willing to take on fresh challenges, utilise your financial, reporting and business skills within a variety of exciting initiatives and company objectives.
DUTIES & RESPONSIBILITIES:
• Organize and supervise the accounting processes to make sure they are optimized, and provide accurate and on time information.
• AR (including follow up on collection)
• AP
• Cash
• Costing & inventory
• General accounting
• Organize and supervise preparation of monthly, quarterly, yearly financials that meet the NOV reporting requirements in terms of quality of accounting, deadline and documentation of controls.
• Organize and supervise preparation of statutory financials that meet the statutory requirements in terms of local accounting principle and deadlines.
• Manage the relationship with internal auditors and statutory auditors.
• Identify the key internal controls through analysis of business processes that may impact the Financials, and make sure such controls are effective and documented
• Designs, prepares and updates key indicators, and reports on effectiveness of processes
• Provide Operations with all financial information and analysis to support management decisions.
• Partner with Operations to highlights and analyze the key financial indicators
• Make sure the financial needs of NOV entities are identified and properly anticipated to support the working capital and investment funding.
• Implementation and execution of Corporate treasury policies and projects
• Maintain good knowledge of local banking regulations/ payment mechanisms in his Area
• Organize, develop and maintain relationship with banks in the Country
• Coordinate with all operating divisions, local ledger Controllers, Tax Manager and Legal team to take into account Treasury related matters in the customer contract negotiations and in the day-to-day business
• Analyze FX exposures and ways of mitigating the risks
• Propose for approval, and implement cash management products / processes to optimize efficiencies
• Assist in Concur/credit card implementation and usage in his Area
• Overseas in daily management of cash and debt, and assist in routine and daily banking matters as required.
• Manage cash flow forecast (collate the bi weekly cash forecast report and verify accuracy) in order to anticipate cash situations and manage such situations.
• Provide Operations with all financial information and analysis to support management decisions.
• Organize and supervise the Tax processes to make sure they are optimized, and provide accurate and on time information.
• Organize and supervise preparation of monthly, quarterly, yearly tax information included in the Financials that meet the NOV reporting requirements in terms of quality of accounting, deadline and documentation.
• Organize and supervise preparation of Tax Returns that meet the local Tax requirements and deadlines.
• Make sure all direct and indirect Taxes payments are done on time according to local rules.
• Manage the relationship with Tax auditors
• Identify the key internal controls through analysis of business processes that may impact the Tax exposures, and make sure such controls are effective and documented
• Designs, prepares and updates key indicators, and reports on effectiveness of processes
• Provide Operations with all financial information and analysis to support management decisions.
• Make sure the entities meet the Corporate Governance requirements (Board of Directors, AGM) and be the point of contact for Legal,
• Make sure the entities pay the payroll taxes due in country
• Make sure all the services agreement are in place and approved to meet the local requirements
• In general, identify all risk related to our business in country and propose mitigation plan
Qualifications:
SKILLS & EXPERIENCE REQUIRED
Strategic
• Able to understand, evaluate and apply technical information
• Anticipates the impact of change and rises to the challenge, with the ability to accept risk and uncertainty
• Able to understand the business needs and drivers and align with the strategic initiative
• Has solutions and suggestions that are effective in addressing the problem at hand
Operating
• Adept at exercising good judgement (sometimes with incomplete information) whilst being constrained by tight deadlines
• Be willing to provide colleagues with the information they need to complete their tasks and eliminate roadblocks
• Be quick to identify critical information and respond appropriately
• Able to apportion time effectively to complete tasks
• Work within and improve business processes based on immediate and future business needs
Energy
• Will be energised by challenges and drawn towards opportunities
Personal and Interpersonal
• A strong sense of customer focus (internal/external)
• A candid team player who collaborates with peers to solve problems
• Committed to self-improvement and development through the role in order to achieve career goals
• Is known to consistently adhere to ethical principles and expects others to follow suit
• Firm and diplomatic when negotiating
Quality
Essential
Desirable
Qualifications:
• Degree in Financial / Accountancy related subject
• Bachelor/Master within a Finance subject
Experience:
• At least 8 years’ experience in a similar position
• Working knowledge of the Oil & Gas industry
Skills, training or special knowledge
• Computer literacy (including good command of Microsoft Excel, Word and Outlook)
• Knowledge of Financial Analysis and Financial reporting
• SOX reporting
• Working knowledge of Tax reporting
• Working knowledge of US and local GAAP
• Knowledge of a financial system such as SAP or equivalent.
• Proficient in both written and spoken English and Arabic
• Proficient in written and spoken French