CONTROLLER - WELL CONSTRUCTION - Weatherford - Dubai

JOB SCOPE :
The Product Line Controller is responsible for overall financial and cash flow management of the product lines assigned in coordination with the Region Product Line Directors and Managers.

This role serves as a business partner to the operations team to drive business initiatives, growth, and profitability.

DUTIES & RESPONSIBILITIES: (not listed in any particular order)

1.1

Monthly P&L reviews with clear understanding of factors responsible for PL performances, monitor results vs forecasts and recommend corrective actions where required.

Prepare monthly management report commentaries on variance vs prior and forecast.

Hurdle Rates: Detailed review of non-performing PLs by country, discuss with RPLMs to provide detailed action plans to turn to profitability or suspension of the businesses.

Review Forecast process and accuracy by PL. Ensure KRA is updated on regular basis.

Headcount reviews with RPLMs and monitor personnel expenses as a percentage of revenue. Understand the organization of the Product lines at Region and Country level.

Receivables Management:
Monitor DTI and Unbilled % of revenue by product line and country, understand the driving factors for any upward and downward trends,

Dispute Resolution: Ensure that each PL is aware of all disputes and understands the potential P&L impact whether through AR reserve or Credit Note adjustment in order to prevent possible erosion of revenue. Prepare action plans and follow up reports with RPLMs and CPLMs.

Review unbilled greater than 60 days from revenue recognition date to ensure that revenue recognition criteria is still sustainable and that any technical approval delays in invoicing are highlighted to all stakeholders.

Prepare actions plans related to DTI, Unbilled as % of revenue, unbilled aging and Dispute resolution with RPLM’s for improvement and follow up with CPLMs to ensure actions are taken.

Inventory & Asset Management :
Quarterly reviews of Inventory slow moving reports, highlight potential additional reserves to the RPLMs and follow up to ensure these are minimized

Review of Inventory roll-forward report and highlight potential risk of excess inventory.

Review and understand inventory exposures and liaise with the RPLMs to mitigate the effects on the results.

Monthly reviews of Asset & Inventory Not Found and Cycle counts reports, highlight potential exposures to the RPLMs and follow up to ensure these are minimized.

Capex Utilization reviews, Asset in transit reviews with proper understanding on status.

Participate in all tenders review meeting, provide financial advice, review and approve BSA and conduct forensic reviews of ongoing tenders.

Design & implement reports using business dashboard/scorecards solution to properly measure and monitor results vs objectives.

Ad hoc tasks or projects as required within the area of responsibility.

1.2 Others:
Complies with applicable company policies, including Personnel, Quality System and Health, Safety and Environment standards and procedures.

Skills & Knowledge:
Experience working across multiple levels and functions able to clearly communicate complex financial information in a easy to understand manner

Strong analytical skills and able to clearly link financial results to operational performance drivers, generate alternatives and drive positive change

Clear thinking / problem solving to successfully lead cross-functional projects/process improvement within operations/finance function involving process improvement and able to quickly grasp new ideas

Experience with financial systems / applications and strong with MS office applications

Change management

Accepting and adhering to high moral, ethical, and personal values in decisions, communications, actions and when dealing with others

Experience leading in a matrixes environment

Ability to anticipate, identify, and resolve complex financial issues

Demonstrated team leadership ability

Strong oral and written communication skills

Strong interpersonal and leadership skills

Minimum Qualifications:
Essential

Degree in finance / accounting or similar area.

Preferred

Professional Accountancy qualification CA, ACCA, CPA, CMA and/or MBA is preferable.

Relevant professional experience (minimum 10 years in Finance & Accounting).

Experience in key operational finance and Accounting, and Compliance roles, including governance / control framework implementation and planning