Finance Lead

Job Purpose:

The Finance Lead is responsible for managing the finance operations that support IGC's core business. This role oversees the full revenue cycle—from the issuance and tracking of gas sale invoices to the management of accounts receivable and the processing of supplier invoices related to gas purchases. In addition, the role is accountable for treasury functions including cash flow forecasting, liquidity management, working capital optimization and maintaining strong bank relationships.

Main Tasks and Responsibilities

Invoicing and Receivables:

• Oversee the preparation and issuance of accurate and timely gas sales invoices in full alignment with the terms of the Natural Gas Sale Agreements (NGSAs), ensuring contractual obligations and pricing structures are correctly applied.
• Review, validate, and apply required Take or Pay, CPI and any other calculations related to Customers NGSAs as and when required. Ensure accurate and compliant reflection of these adjustments in invoicing, revenue recognition, and payment processing.
• Ensure that sales registers and billing data in the ERP system are accurately maintained and reconciled, enabling traceable and auditable invoicing records.
• Monitor and manage accounts receivable balances, proactively follow up on overdue collections, and coordinate with Commercial and Legal teams to resolve disputes or delays.
• Oversee the daily processing of customer invoices and receipts. Ensure all transactions are consistently and accurately recorded in both the financial model and ERP system to support real-time financial visibility.
• Work closely with Finance and Commercial teams to optimize the cash conversion cycle, enhance working capital efficiency, and maintain a healthy receivables profile aligned with IGC's cash flow targets.

Accounts Payable and Payments:

• Supervise the end-to-end processing of supplier invoices, particularly those related to gas purchases, transport services, and other commercial obligations, ensuring accuracy, timeliness, and alignment with contractual terms and Natural Gas Supply Agreements (NGSAs).
• Oversee the daily processing of supplier invoices and payments. Ensure all transactions are consistently and accurately recorded in both the financial model and ERP system to support real-time financial visibility.
• Ensure that all payments are processed in compliance with internal controls, approved authority levels, and ERP workflows.
• Verify the accuracy of quantities, rates, and charges in supplier invoices against gas allocation letters and contractual terms to prevent payment disputes.
• Coordinate closely with Procurement, Legal, and Finance teams to resolve discrepancies, ensure supplier confidence, and maintain uninterrupted gas supply through timely settlements.

Cash Flow Management and Dividend Payments:

• Manage daily cash flow operations to ensure timely receipt of customer revenues and prompt disbursement of payments to suppliers, government entities, and service providers in line with contractual and regulatory obligations.
• Monitor fund movements and bank positions to support operational liquidity needs and avoid payment delays that could impact gas supply continuity or financial commitments.
• Prepare and update short-term cash flow and liquidity forecasts in coordination with the Finance Principal, supporting proactive treasury planning and effective working capital utilization.
• Identify potential cash flow gaps and recommend mitigation actions such as payment rescheduling or customer follow-ups to safeguard IGC's financial stability.
• Calculate dividend payable as per the approved dividend policies and based on the company's cashflow forecast and working capital requirements and ensure timely reporting and payment to the Shareholder.

Bank Relationship Management:

• Maintain effective working relationships with banks and financial institutions to ensure access to sufficient liquidity, optimize banking services, and support current and future financing needs.
• Act as the primary liaison for day-to-day banking matters, including fund transfers, account services, and documentation requirements.
• Coordinate with the Financial Accounting team to ensure timely reconciliation of bank statements and support the investigation and resolution of any discrepancies.
• Monitor bank charges, service quality, and compliance with agreed terms to ensure cost-effective treasury operations.

Reporting:

• Prepare accurate and timely periodic reports on key commercial finance metrics, including receivables aging, collection performance, overdue analysis, supplier payment status, and invoice processing cycle times.
• Track and report KPIs related to the efficiency and effectiveness of cash conversion processes, ensuring alignment with IGC's financial targets and working capital strategy.
• Analyze commercial performance data to identify trends, variances, and underlying root causes, and provide actionable insights to support management decisions and improve operational outcomes.

Systems and Process Improvement

• Ensure that the ERP and finance systems effectively support all commercial finance operations, including customer and supplier master data management, sales invoice generation, funds receipt and allocation, supplier invoice processing, payment execution, and credit card transaction accounting.
• Identify opportunities for automation and process enhancements to improve the accuracy, efficiency, and turnaround time of commercial finance transactions.
• Develop, implement, and enforce operational best practices to standardize processes, strengthen internal controls, and enhance overall system utilization and performance.

Team Collaboration and Cross-Functional Support

• Provide day-to-day supervision, coaching, and development support to the Finance Specialist(s) within the Commercial Finance & Treasury stream.
• Collaborate with other Finance team members to ensure cross-functional alignment and continuity of operations.
• Serve as a back-up to the Lead – Financial and Management Accounting during their absence, supporting key accounting, reporting, and compliance activities.
• May be assigned to act on behalf of the Finance Principal during their absence, contributing to high-level coordination and oversight of finance deliverables.
• Perform any other duties, strategic projects, or special assignments as directed by the CFO in support of departmental and corporate priorities.

Background and experience:

• 10+ years of progressive experience in finance, accounting, and operations.
• Proven experience in financial governance, compliance, and reporting.

Soft Skills:

• Strong leadership and people management skills.
• Excellent analytical and forward-thinking abilities.
• Effective planning and organizational skills.
• Exceptional communication and negotiation skills.
• Commitment to fostering teamwork, diversity, and inclusion.
• Ability to build trust, transparency, and accountability within teams.
• Proficiency in engaging and inspiring team members toward shared goals.
• Capable of driving innovation, continuous improvement, and change management.

Competencies & Skills:

• Proven experience in revenue cycle management, cash flow forecasting, and treasury operations.
• Strong working knowledge of ERP systems (e.g., Microsoft Dynamics or Oracle) and financial systems.
• Demonstrated ability to identify and implement process improvements and automation initiatives.
• Strong analytical and organizational skills with a high attention to detail.
• Ability to manage multiple priorities under pressure while ensuring compliance and accuracy.
• Effective leadership and team collaboration skills, with a proactive approach to stakeholder engagement.
• Excellent verbal and written communication skills.
• Proficiency in both English and Arabic is required for internal coordination and external representation.

Application Deadline : 14 July 2025