Siemens Energy

The Service Centre Finance Lead is responsible for overseeing and managing the financial operations of the Tooling Centre and Field Services team, which play a critical role in supporting the operational and project needs of the SE GS Business in Kuwait. This position involves financial planning, analysis, budgeting, and reporting to ensure efficient utilization of resources, accurate financial insights, and compliance with contractual regulations.

What are my responsibilities?

Budgeting and Cost Control:

• Prepare and manage annual budgets for the tooling center & field services, considering operational requirements and business goals.
• Monitor and control expenditures to ensure adherence to approved budgets, identifying areas for cost reduction or process improvement.
• Collaborate with department heads to ensure accurate and timely cost allocation and reporting.

Financial Reporting:

• Generate timely and accurate financial reports, including income statements, balance sheets, cash flow statements, and variance analysis.
• Summarize financial data for executive presentations, highlighting key performance indicators and trends.
• Prepare ad-hoc financial reports and analysis as requested by management.

Financial Planning and Analysis:

• Monitor financial performance of the investment against target payback.
• Analyze financial data and performance metrics to provide actionable insights and recommendations to optimize tooling center and field services operations.
• Forecast financial trends and assess potential risks, recommending proactive measures to mitigate them.

Performance Metrics and KPIs:

• Define and track relevant performance metrics and key performance indicators (KPIs) for the tooling center's financial health.
• Evaluate KPIs to measure efficiency, profitability, and resource utilization, making recommendations for improvement.

Compliance and Regulatory Oversight:

• Oversee preparation and submission of regular reports to KDIPA to ensure compliance with offset obligation contractual requirements.
• Collaborate with legal and regulatory teams to address financial compliance matters.
• Coordinate financial audits and liaise with auditors to facilitate the audit process.

Strategic Decision Support:

• Provide financial insights and recommendations to support strategic decision-making for the tooling center.
• Participate in cross-functional teams to assess potential investments, partnerships, and expansion opportunities.

What do I need to qualify for this job?

• Role open to Kuwaiti Nationals only
• Bachelor's degree in Finance, Accounting, Business Administration, or a related field; MBA or relevant professional certification (e.g., CFA, CPA) is a plus.
• Proven experience (min 5 years) in financial management, preferably within the energy or related sectors.
• Proficiency in financial modeling, data analysis, and financial software applications.
• Hands-on experience of using SAP is also a plus.
• Excellent communication skills in English and Arabic with the ability to present complex financial information to non-financial stakeholders.
• Thorough knowledge of relevant financial regulations, standards, and best practices.
• Demonstrated leadership and team management skills.
• Strong analytical, problem-solving, and decision-making abilities.
• Attention to detail, accuracy, and the ability to work effectively under pressure.

Our Commitment to Diversity

Lucky for us, we are not all the same. Through diversity we generate power. We run on inclusion and our combined creative energy is fueled by over 130 nationalities. Siemens Energy celebrates character – no matter what ethnic background, gender, age, religion, identity, or disability. We energize society, all of society, and we do not discriminate based on our differences.

We value equal opportunities and welcome applications from people with disabilities.

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