Finance Section Head

Company Description

ELSEWEDY ELECTRIC is a global leader that has grown from a local manufacturer of electrical products into an integrated infrastructure solutions provider. With over 19,000 employees and recorded revenues of more than USD 5.13 billion in 2024, the company operates across five key sectors: Wire, Cable & Accessories, Electrical Products, Engineering & Construction, Digital Solutions, and Infrastructure Investments. With 34 production facilities in 19 countries across Africa and Asia, including Egypt, Algeria, KSA, and more, ELSEWEDY ELECTRIC exports high-end products to more than 110 countries worldwide. The company is dedicated to delivering innovative and sustainable solutions on a global scale.

Role Description

This is a full-time on-site role for a Finance Section Head, located in
10th of Ramadan City,
Cairo, Egypt. The responsibilities include overseeing the preparation and analysis of financial statements, ensuring compliance with reporting standards, developing financial plans and budgets, and conducting financial forecasting. The role also entails auditing and managing financial data, providing strategic recommendations to stakeholders, and collaborating with other departments to optimize financial performance and support business decisions
at
Transformers'

sector level above markets (Egypt, Pakistan , Indonesia and Algeria).

Work closely with
Sector Financial Controller

as a trusted advisor, providing financial, accounting and costing insights to maximize profitability, streamline working capital, and drive business growth on landmark projects.

Key Responsibilities:

Controlling and compliance:

• Ensure adherence to company policies, financial systems, and accounting standards.
• Conduct monthly comprehensive assessments of projects budget at completion/forecasts, analyzing business cases, leading and contributing to regular projects reviews, identifying financial risks, and determining potential performance implications to ensure informed decision-making,
• Work closely with finance and operational teams to enhance project governance and controls, improve financial reporting quality, and instill robust financial discipline throughout the organization,
• Oversee, contribute and facilitate the completion of critical financial tasks for the assigned portfolio of projects, including unbilled revenue tracking, receivables management, cash flow monitoring, business planning, budgeting, forecasting, risk & change management (contingencies planning, Work at Risk, variation orders, etc.),

Collaboration and strategic input:

• Evaluate capital investment (CAPEX) plans
• Contribute to the development and implementation of initiatives at the sector level that enhance project finance controls and processes as a member of the country and regional finance controllers' community,
• Contribute to the ongoing implementation of Oracle ERP, driving system adoption and optimization to enhance financial management and reporting capabilities,

Cost control and reduction:

• Work with supply chain and logistics teams to manage inventory and freight costs.
• Analyze and report on production costs, including direct materials, direct labor, and overhead.
• Develop, monitor, and maintain budgets for manufacturing and related cost centers.
• Identify opportunities to reduce costs and improve profitability without sacrificing quality.

Variance analysis

:

• Compare actual costs to standard or budgeted costs and investigate any significant variances to identify areas for improvement.
• Analyze financial and operational data to identify cost drivers and variances.

Qualifications

• 5 – 8 years of progressive experience in financial controlling, auditing or financial management roles (Big Four experiences are highly desirable).
• Sound knowledge of Financial Statements and Financial Reporting, In-depth knowledge of
  IFRS
  .
• Proven expertise in Budgeting and Finance management
• Strong Analytical Skills with the ability to interpret financial data and generate actionable insights
• Educational qualification in Accounting, Finance, or a related field; professional certifications (
  CMA, CPA, MBA
  ) are an advantage
• Proficiency in ERP systems (
  Oracle
  preferred) and advanced Excel/Power BI skills.
• Demonstrated leadership and team management abilities
• Fluency in English; Arabic is an added advantage
• Strong organizational and problem-solving skills with attention to detail
• Prior experience in a similar role within the infrastructure, engineering, or
  manufacturing sectors
  is preferred