Company background:
Our client is the global specialist in energy and transport infrastructures.
Position summary:
Leadership and direction of all of the Companies financial functions supporting obtainment and execution of the companies business in China and worldwide. Scope entails business strategic and operative planning, financial reporting and analysis, forecasting, risk management, cash management/treasury, budgeting and project accounting and cost control. Fiduciary responsibility, with accountability for influencing sound business practices. Information exchange and presentations to Board of Directors, minority shareholders, banks, Investment bankers and Chinese stock exchange authorities. Train and develop Finance staff to aim for world class Finance organization.
Leadership role as primary counsel and support on all aspects of financial management has a substantial impact on key business decisions that influence obtainment of business, risk exposure, profitability and customer satisfaction. The role has a major effect on predictability of the business driven by the caliber, thoroughness and timeliness of financial information, analysis and guidance.
Principal duties:
- Provide financial counsel to management and the board of Directors on matters that impact current and future viability of Company including business plans, contract terms, risk management, cash management/treasury, contract booking, profit taking, capital investment and cost control etc.
- Responsible for management of Company contract financial functions supporting project execution including establishment of sell price, analysis of actual to estimated cost, forecasting cost at completion, validation within the contract cost system, monitoring of working capital and customer invoicing.
- Responsible for management of Company general financial functions including budgeting; fiscal records; preparation, reporting and analysis of operating results; and business forecasting. Responsible interface with IT China/Corporate finance operations to ensure effective support and fulfillment of IT-wide requirements. Interface with external auditors and Chinese stock exchange authorities.
- Responsible for the Companies cash management position through monitoring, assessment and forecasting cash requirements including overhead and contract cash flows, identification of potential issues and recommending actions to mitigate problems. Management of treasury function with IT China/Corporate and local banks. Management of bonds and grantees issued by Company.
- Responsible for the management of Companies financial tax function including VAT, corporate income tax and employee income tax.
- Ensure Companies records and forecasts accurately reflect the financial position of the business. Provide appropriate controls to ensure financial management practices comply with business goals, IT policies and procedures, and legal regulations. Lead interface liaison with IT internal audit functions.
- Ensure the integrity of financial data in line with PRC GAAP/IFRS and other related rules and regulations and ensure that the financial/accounting disclosures required by CSRC and Shenzhen Stock Exchange are adequately followed.
- Ensure that all statutory reporting requirements from CSRC, SSE and other local authorities are fulfilled and develop and cultivate good business relationships with the relevant authorities (e.g. CSRC, SSE, tax authorities and SAFE) and local banks.
- Interpret operating results as they impact current and future business objectives, recommending strategies to optimize short and long-term financial performance.
- Provide senior-level Company representation in addressing financial-related matters with Company management, Board of Directors, customers, partners, suppliers, auditors, banks, investment banks and Chinese stock exchange authorities.
- Participate in establishment and implementation of Companies strategic direction, operational objectives and performance goals.
- Influence business competitiveness through Total Quality, cost reduction, process improvement, and automation initiatives.
- Provide Finance resource planning aligned with short and long-range operational needs. Conduct the selection and assignment of resources, providing effective motivation, development, performance management and recognition of employees.
- As a Company senior management staff member, guide collaboration with other global EBN businesses to leverage capabilities through integrated technology transfer, product development, business development, and project execution strategies.
Complexity of tasks:
- Operates in a highly competitive China/global marketplace involving multiple product lines, complex technology, a diverse customer base, consortium partnerships, world sourcing, project financing.
- Entails leadership responsibility for all aspects of Companies financial management impacting P&L and balance sheet performance. Involves oversight of diverse financial functions requiring influence and integration in a multi-faceted matrix organization. Requires close relationship with external interfaces (banks, stock exchange authorities, Board of Directors).
- Entails complex international financial management and tax management decision-making.
- Involves the establishment and facilitation of financial policies, procedures and controls that ensure sound practices throughout all operations.
- Involves key counsel and decision making on complex strategic and tactical business matters with high-risk consequences requiring the sound application of financial management principles, standards of business conduct, legal requirements and overall risk management strategy.
- Involves active facilitation of an integrated global approach to the market through collaboration with other global boiler businesses, with specific concentration on financial reporting and analysis.
- Position reports to the general manager of Company and to the global EBN Finance Director.
Education, experience, and special skills required:
- BS Degree in Finance/Accounting discipline. MBA or CPA certification required
- Min. 10 years of diverse financial management experience in heavy manufacturing Industry (preferable in power generation industry) involving project and operational financial functions in an international business environment, preferably including Controller role.
- Well versed in Company financial policies, procedures, systems and implementation of ERP systems.
- Strategic and tactical decision making capabilities, coupled with strong commercial and risk management skills.
- Prior experience with listed company preferred
- Strong planning and organizational skills. Proficient leadership, communication and interface skills in a matrix environment. Strong multi-cultural knowledge and sensitivity.
- Fluent in English and Chinese.
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