Corporate Finance Executive Director

SSC Egypt

Responsible for financial planning, corporate budgeting, cash management/strategic treasury activities including project finance and debt raising, and loan administration. The subfunction ensures:

Alignment of the company s long-term strategy with the long-term financial forecasts.

The achievement of adequate shareholder returns as per the project returns policy.

Identifying the financial health of the organization by utilizing the various financial forecasts including the assessment of risks by utilizing scenario analysis.

Estimating the capital required along with the sources and timing of the required capital.

Allocate capital to the various projects based on the company s strategy/objectives.

Job Responsibilities :

Project Financial Model

Build and/or review the detailed financial models for the Company s different projects and sub projects, investment opportunities, and partnerships etc.

Calculate the project return metrics and key performance indicators in accordance with the Project Return Policy.

Review all financial models received from the development department to ensure; accuracy and completeness, the achievement of the minimum return hurdles as per the Project Returns Policy and provide feedback and recommendations to improve the project returns.

Authorize and approve the project launch(s) (Memo and Internal Approvals)

Review and approve the priced inventory for new launches, cancelled units, or regular time related re pricing. This applies to inventory planned for sale or lease.

Reviewing and approving the Project Technical Budget in line with the most recent approved feasibility.

Approve construction and supplier contracts in line with the latest approved Project Technical Budget.

Determine and approve the Client Payment Terms in line with the most recent approved feasibility.

Approve operators or special project anchors revenue share deals and/or partnership initiatives in accordance with the latest approved financial model

Update the project specific financial models on a biannual basis.

Group Financial Model

Prepare and update the Group Consolidated Financial Model on an annual basis to be in line with the annual approved corporate Budget and Long-Term Corporate Strategy and include financial forecasts for the clubs, serve as the basis for the developing the company s five year funding strategy and displays the excess cash available for expansions, investments, or business development initiatives

Consult with the Group Financial Controller/Accounting Directors to ensure accuracy and completeness for the forward-looking financial statements forecasted in the Group Financial Model in terms of the latest applied accounting standards, internal practices, and tax related matters.

Check adherence to financial covenants on a periodic basis and take corrective actions if needed.

Project/Company Funding

Based on the Project Financial Model and/or the Group Financial Model assess the funding needs and determine the optimum funding structure for the project/company.

Obtain offers from banks and/or financial institutions and assess the received offers, negotiate the terms, and strive to achieve the best deal for the company in terms of structure and pricing.

Prepare BOD memo/presentation to present the received offers and provide recommendation on the best funding option.

Negotiate and execute all the financing documents in line with BOD approval to reach successful drawdown.

Manage all debt related reporting requirements in conjunction with the loan administration sub function to ensure that the bank/financial institution receives all required data, whether by virtue of the executed financing arrangements (standard reporting requirements) or on an ad hoc basis, in a timely manner and in line with the standard formatting of the group.

In line with the development of new financing instruments in Egypt and the general interest rate environment and funding market, recommend restructuring or refinance of existing facilities if such change is beneficial to the company.

Assist the cash management/strategic treasury sub function to ensure the adherence of the project account principles and the correct overhead allocation across the different project accounts.

Group Financial Model

Prepare and update the Group Consolidated Financial Model on an annual basis to be in line with the annual approved corporate Budget and Long-Term Corporate Strategy and include financial forecasts for the clubs, serve as the basis for the developing the company s five year funding strategy and displays the excess cash available for expansions, investments, or business development initiatives

Consult with the Group Financial Controller/Accounting Directors to ensure accuracy and completeness for the forward-looking financial statements forecasted in the Group Financial Model in terms of the latest applied accounting standards, internal practices, and tax related matters.

Check adherence to financial covenants on a periodic basis and take corrective actions if needed.

Project/Company Funding

Based on the Project Financial Model and/or the Group Financial Model assess the funding needs and determine the optimum funding structure for the project/company.

Obtain offers from banks and/or financial institutions and assess the received offers, negotiate the terms, and strive to achieve the best deal for the company in terms of structure and pricing.

Prepare BOD memo/presentation to present the received offers and provide recommendation on the best funding option.

Negotiate and execute all the financing documents in line with BOD approval to reach successful drawdown.

Manage all debt related reporting requirements in conjunction with the loan administration sub function to ensure that the bank/financial institution receives all required data, whether by virtue of the executed financing arrangements (standard reporting requirements) or on an ad hoc basis, in a timely manner and in line with the standard formatting of the group.

In line with the development of new financing instruments in Egypt and the general interest rate environment and funding market, recommend restructuring or refinance of existing facilities if such change is beneficial to the company.

Assist the cash management/strategic treasury sub function to ensure the adherence of the project account principles and the correct overhead allocation across the different project accounts.