Managing Communication with Project Stakeholders:
Managing communication relating to financial matters with internal and external stakeholders including Project team, sponsor teams, lenders, advisors and any other stakeholder that the Company may employ from time to time.
Financial Accounting and Audit:
Ensure the business transactions related to the project are maintained in the GL in full compliance with IFRS, local reporting standards and Masdar, EDF Renouvelables and Nesma financial policies and procedures.
Ensure the accuracy, quality and timely closing of books.
Review and approve the monthly accruals and provisions for accuracy and completeness.
Ensure the integrity of the Oracle GL or similar.
Manage external audit process of periodical financial statements as per directives received.
Coordinate with consultants on matters related to financial accounting and audit
Financial control of periodical financial statements.
Managerial Accounting and Reporting:
Prepare cash flow forecasts on periodical basis as required by stakeholders;
Prepare periodical budgets as required by stakeholders;
Prepare periodical managerial financial reports
Prepare periodical financial analysis
Prepare relevant reports and updates as required and to the desired standard.
Ensure the maintenance (update) of the financial model
Managing Accounts Payable (AP) and Accounts Receivable (AR):
Review AP and AR works and reports of AP and AR team to ensure compliance with Masdar requirements.
Manage AP and AR in line with agreed SLAs.
Review invoice approval status and ensure processing timelines are being managed.
Review month end AP and AR reports – reconciliation and ageing and follow up where required.
Review and advice as appropriate on ad-hoc invoice and payment matters.
Approve third party invoices to be entered in AR ledger and required supporting documents.
Ensuring Tax Compliance:
Ensuring that Project Company reports and pays taxes as per applicable laws
Ensuring that decision makers are informed and aware of tax consequences of various business decisions
Ensuring full compliance of tax reports with applicable laws
Manage the collection of receivables from tax authorities
Coordinate in timely and proper manner issues with tax advisors in accordance to the sponsors’ tax group policy
Manage all activities and issues around external tax inspections in accordance to the sponsors’ tax group policy
Reconcile payments & bank accounts:
Review and approve the month end bank reconciliations.
Follow up on and clear reconciling items on the bank reconciliations.
Ensure bank deposits are reconciled and categorized correctly as deposit, short or long term restricted cash.
Respect and satisfy the financing’s requirements:
Report preparation according to the financial documentation
Management of draw-down process
Update and monitor the financial model
Other requirement from lenders that need to be addressed
Maintain relations with stakeholders:
Maintain ongoing coordination and build relationships with internal and external stakeholders in order to ensure that all project finance, tax, accounting and reporting requirements are met timely and effectively.
Governance:
Organize the project governance / Corporate Secretary (Steerco, board meeting and audit and finance committees to be prepared by the Finance Manager)
Ensure the adherence to the Shareholders’ agreement and delegation of authority
Ensure the Full fill of all lenders information and other compliance requirements
Ensure the adherence to the restriction of the financing documents and project company SHA
Support Quality Health and Safety Environment (QHSE) activities, policies and objectives of Sponsors and compliance applicable QHSE Standards:
This includes participating (when requested) in QHSE audits, office inductions, incident reporting and review of QHSE performances as applicable.
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