Senior Financial Analyst
Abu Dhabi, United Arab Emirates
Job Description
JOB PURPOSE: To implement TAQA\xe2\x80\x99s capital structure and funding strategy and plans, whilst maintaining effective communication with banks, rating agencies and debt investors to ensure effective and cost-efficient funding and financial services are available for TAQA. KEY ACCOUNTABILITIES: Budgeting and Financial Performance -
- Monitor the financial performance of a given area of activity versus budgets and ensure all activities are carried out in line with the approved guidelines while promptly reporting on any variances to management.
- Conduct the routine collaboration with all business partners (Human Capital, Supply Chain, IT and Legal) to codeliver defined key performance indicators (KPIs) in line with the overall business plan.
- Provide inputs and implement policies, systems, and procedure for the assigned team so that all relevant procedural/legislative requirements, fulfilled while delivering a quality, cost-effective service.
- Participate in the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.
- Prepare sectional statements and reports timely and accurately to meet NewCo and department requirements, policies, and quality standards.
- Primary evaluation and analysis of funding opportunities and options, which meet the company\xe2\x80\x99s funding strategy and needs.
- Analysis of funding options for new projects and working with the Business Development team to ensure appropriate and cost-effective financing is in place. Project management of financing efforts.
- Negotiation of any new financing agreements, ensuring commercial terms are in accordance with precedent.
- Monitor and report the performance of TAQA debt providing pricing updates and analysis of their performance compared to peers and economic outlook.
- Monitor and report debt covenants and other gearing ratios for reporting to banks and other credit providers.
- Provision of periodic reports on financing summary, debt maturity analysis, liquidity and investment reporting, counterparty exposures, interest expense, interest forecast, and intercompany positions.
- Long-term intercompany funding and reporting thereof.
- Analysis of Rating Agency rating methodology, assumptions, adjustments to financial statements and understanding the rationale.
- Reporting of liquidity positions and other reports to rating agencies. Reporting on TAQA metrics and highlight areas for improvement.
- Analysis of impact of growth plans, refinancing and other activities on rating agency metrics.
- Management of the company\xe2\x80\x99s documentary credit portfolio of circa. $450 million, including the evaluation of banks\xe2\x80\x99 offerings, negotiation of facilities and pricing, ensuring issuance and cancellations are in line with company\xe2\x80\x99s requirements and underlying facility agreements.
- The first point of contact for all documentary credit matters, liaising with number of local and international banks, ensuring that bank relationships are effectively managed to obtain optimal pricing.
- Reporting of documentary credit exposures across the group in a timely manner.
- Assist in the bank relationship management of the company, ensuring the company wallet is appropriately shared among relationship banks.
- Primary point of contact for all regulatory documentation required by the banks such as KYC.
- Establish and maintain effective working relationships with banks and financial institutions to ensure that the financial costs are minimised and TAQA\xe2\x80\x99s credibility is leveraged for maximum benefit.
- Bachelor\xe2\x80\x99s degree in Finance and Accounting, Business Administration, or any related field.
- 5-8 years of relevant experience in corporate finance with a particular emphasis on treasury & corporate funding.
Type of Role Permanent only
Job Function Finance, Accounting & Treasury
Location Abu Dhabi
Closing Date 30/01/23
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Job Detail
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Job IdJD1490562
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationAbu Dhabi, United Arab Emirates
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EducationNot mentioned