The Finance Coordinator will play a critical role in overseeing the financial planning, analysis, and management of projects within the energy integration domain. This role ensures sound financial practices are integrated into project execution, enabling the successful delivery of renewable energy solutions.

Key responsibilities; include managing project budgets, cash flows, and financial reporting while ensuring compliance with regulatory standards and organizational goals. The Senior Finance Officer works collaboratively across departments to optimize financial performance and contribute to the company’s growth in the renewable energy sector.

As a pivotal member of the team, you will support the implementation of financial strategies, manage risks, and foster innovation to drive the successful execution of energy integration projects.

Duties & Responsibilities

Financial Planning & Analysis

• Develop and manage project-specific financial strategies, budgets, and forecasts.
• Perform detailed financial analysis to evaluate project feasibility, profitability, and risk, identifying variances and recommending corrective actions.
• Provide financial insights and recommendations to support project planning and decision-making.

Financial Reporting

• Prepare comprehensive financial reports, including cost analysis and progress updates on strategic initiatives and organizational goals as required, for internal and external stakeholders.
• Ensure accurate and timely review and reporting of financial performance against project budgets and milestones also including monthly, quarterly, and annual financial statements.
• Maintain transparency with management, clients, and regulatory bodies through comprehensive financial reporting.
• Stay updated on changes in regulations and standards that affect reporting requirements and ensure compliance with accounting standards and regulatory requirements.
• Develop and maintain internal reporting tools to track departmental and organizational financial performance.

Budgeting & Forecasting

• Collaborate with engineering and procurement teams to create and maintain accurate project budgets, align financial goals with project objectives.
• Monitor and update financial forecasts to align with project timelines, market conditions and strategic initiatives.
• Oversee the annual budgeting process, working closely with department heads to develop realistic and achievable budgets.

Cash Flow Management

• Monitor and manage cash flow to ensure the timely disbursement of funds to safeguard the company’s financial stability and liquidity.
• Develop and implement cash management strategies to optimize working capital.

Internal Controls & Compliance

• Establish and maintain robust internal controls to safeguard company assets and ensure financial accuracy.
• Ensure compliance with local financial regulations, company policies, and audit requirements.
• Coordinate and support internal and external audits.

Strategic Financial Initiatives

• Collaborate with the CFO to develop financial strategies that support the company’s long-term strategic goals. This includes providing financial modeling and analysis for proposed projects, participating in strategic meetings, and offering insights that drive business decisions to increase profitability and efficiency.
• Evaluate and recommend financial strategies to enhance profitability and achieve business objectives.
• Lead and participate in financial projects, capital investments, and cost saving initiatives.

Risk Management

• Identify, assess and mitigate financial risks associated with project execution and company operations, developing strategies to mitigate potential impacts.
• Implement risk management policies and procedures to protect the company’s financial interests.

Tax Planning & Management

• Oversee tax planning and compliance, ensuring timely and accurate filing of tax returns.
• Develop tax strategies to optimize the company’s tax position and minimize liabilities.

Financial Systems & Processes

• Oversee the implementation and maintenance of financial systems and software to streamline project accounting and reporting.
• Ensure the accuracy and integrity of financial data and reporting systems.
• Continuously improve financial processes to enhance efficiency and reduce costs.

Team Leadership, Learning & Development

• Develop, lead, and mentor a high-performing finance team.
• Promote a culture of continuous learning and professional development within your team.
• Organize training sessions, workshops, and seminars to keep the team updated with industry trends and to sharpen their skills.
• Conduct regular performance evaluations and provide feedback and coaching to team members.
• Discuss training needs and career development plans with your team and work with the HR team to develop targeted training solutions.
• Ensure effective communication within the team and resolve any conflicts that may arise promptly.
• Perform any additional duties related to the above-mentioned duties and responsibilities that your manager may assign you.

KPIs

Budget Compliance

• Metric: Percentage variance between actual and budgeted expenditures.
• Objective: Ensure spending is kept within approved budget limits to maintain financial stability and control.

Financial Reporting Accuracy and Timeliness

• Metric: Percentage of financial reports delivered accurately and on time.
• Objective: Provide precise and timely financial data to support strategic decision-making and maintain operational efficiency.

Cost Reduction and Efficiency

• Metric: Percentage reduction in operating costs year-over-year.
• Objective: Continuously identify and implement effective cost-saving measures that contribute to improved operational efficiency and profitability.

Return on Investment (ROI)

• Metric: ROI for key projects and investments.
• Objective: Achieve targeted returns on investment to ensure financial growth and validate strategic initiatives.
• Stakeholder Satisfaction
• Metric: Stakeholder satisfaction score based on periodic surveys.
• Objective: Achieve high levels of satisfaction among stakeholders, reflecting effective financial management and clear communication.

Key Skills & Competencies

• Strong financial analysis and forecasting skills.
• Advanced Excel skills.
• Excellent knowledge of accounting principles and tax regulations.
• Proficiency in financial reporting and budget management.
• Leadership and team development abilities.
• Experience with ERP systems like SAP, QuickBooks, Oracle, and other financial modeling tools.
• Effective communication and strategic advisory skills.

Minimum Qualifications

• Bachelors degree in finance, Accounting, or relevant field.
• 5+ years of progressive experience in finance or accounting, with at least 2- 3 years in a senior finance role.
• Certifications: CPA (Certified Public Accountant) or CFA (Chartered Financial Analyst) are required or preferred.