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Global Financial Controller

Location

Kenya

London

Morocco

Singapore

Company

PIDG

Department

Financial

Type

Full-Time

About the Private Infrastructure Development Group

 

At the Private Infrastructure Development Group (PIDG), we get infrastructure finance moving and multiplying – accelerating climate action and sustainable development where most urgently needed. We work with public and private partners to bridge financing gaps, directing capital and expertise into projects that promote climate resilience and sustainable growth. Working throughout the project lifecycle, we reduce financial risk, transform markets, and build local capacity, creating a deep and lasting impact.

We are a group of companies that work together to improve lives throughout south and south-east Asia and Africa. Active since 2002, more than 50% of our investments have been either in countries classified as Least Developed Countries or Fragile and Conflict Affected States. These are the countries where infrastructure gaps are the largest and most urgent and where the population is youngest and growing fastest. These are also the countries that contributed the least to climate change and yet are suffering the worse impacts, in some of the regions with the richest biodiversity left on the planet, which is quickly being depleted.

Building on a pioneering track record of integrating climate and inclusion considerations in infrastructure investment, we launched our 2030 strategy in 2023, which makes action on climate and nature, together with sustainable development through new and improved infrastructure, the central purpose of all we do.

About the role

The Global Financial Controller will spearhead the group financial control team, overseeing accounting policies, group accounting treatments, consolidations, as well as direct responsibility for general accounting and tax affairs for segments of the group where outsourcing is not in place, and for review where they are. Primary responsibilities involve collaborating with finance colleagues and the PIDG Risk team, when applicable, to determine comprehensive group accounting treatments. This includes assessing the valuation of early-stage infrastructure investments following IPEV standards and the valuation of unlisted loans and debt guarantees in accordance with IFRS 9.

This pivotal role extends to overseeing the accounting activities of PIDG entities (including oversight of outsourced entities) on an international scale, encompassing group consolidation. Additionally, the Global Financial Controller will take the lead on all tax-related matters for the entire group.

The Global Financial Controller will act as an ambassador of PIDG and the finance team, displaying and demonstrating the highest ethical and moral standards, while effectively and accurately controlling and reporting the group’s finances.

 

Role and responsibilities

  • Lead the timely preparation of group consolidated financial statements, oversee the creation of financial statements for individual companies within the group, and provide essential support for the preparation of the ultimate parent company, PIDG Trust’s financial statements.
  • Take ownership of the accounting policies for the entire group, including the implementation of new accounting policies.
  • Be responsible for implementing new accounting standards and providing technical accounting support across the Group.
  • Maintain a robust financial control environment, ensuring that risks are effectively mitigated through appropriate controls, and consistently challenge and improve processes.
  • Collaborate with the heads of finance in PIDG operating companies to facilitate balance sheet valuations, including the use of IPEV.
  • Demonstrate expertise in understanding business structures and stay informed about regulatory reporting requirements for legal entities.
  • Take charge of the group’s international relationship with the external auditors, fostering effective communication and cooperation.
  • Lead on tax policies (including PIDG OPPs) and associated processes and disclosures.
  • Working with Group Legal and CoSec, oversight over the Group’s legal structure, advising or leading on any changes proposed to structures.
  • Build, nurture and develop a global financial control team and community across the Group.

Statutory and regulatory reporting

  • Ensure the accurate and timely preparation of group consolidated financial statements, overseeing the financial aspects of the PIDG Annual Review.
  • Supervise the preparation of company financial statements across the group, collaborating with PIDG companies’ finance teams. Additionally, provide support for the preparation of PIDG Trust’s financial statements in conjunction with the Trust’s trustees.
  • Take charge of tax compliance for the entire group, with direct responsibility for PIDG’s tax affairs and associated policies and Transfer pricing methodology and application.
  • Responsible for implementing Group financial accounting policies and managing changes resulting from updates to financial standards.
  • Working with CoSec, drive narrative reporting in the statutory accounts. Working with the development impact team, support climate reporting including IFRS S1/S2 and TNFD.

Group finance operations and controls

  • Direct the Group’s comprehensive financial management and control framework, establishing and maintaining relevant operating policies, procedures, and delegations of authority.
  • Oversee the groups accounting systems and related operation and enhancements.
  • Oversee the day-to-day operations and financial management of PIDG Ltd, managing financial controls, delegated authorities, payments, reconciliations, cash management, payroll, and both direct and indirect tax matters.
  • Take charge of intra-group recharge processes, ensuring transfer pricing arrangements are current and fitting.
  • Responsively address ad hoc requests for financial information and analysis as required by PIDG’s CFO, CEO, Board, and Owners.
  • Collaborate with colleagues to ensure the adequacy of insurance coverage for PIDG Ltd and associated entities, conducting periodic reviews of insurance policies.
  • Lead the PIDG finance team, overseeing talent management, development, and succession planning. Manage other finance teams and colleagues within a matrix structure.

Qualifications and education requirements

  • Educated to a degree level.
  • Qualified accountant or equivalent (CIMA, ACCA, ACA).
  • 10+ year post-qualification experience.

Skills

  • Advanced IFRS knowledge – especially IFRS 9, IFRS 10, IFRS S1/S2.
  • Advanced knowledge of IPEV based valuations.
  • International corporation tax, including transfer pricing arrangements, sales taxes and payroll calculations/requirements.
  • Team management and leadership across multiple locations, including influencing skills and ability to interact with, gain credibility and respect of all internal and external stakeholders, including multidisciplinary teams and resources.
  • Strong Excel, report writing and communication skills.
  • Comfortable with presenting to Boards, Audit Committees and key external stakeholders.

Experience

  • Experience as a Global Financial Controller (or similar) in an international financial institution, ideally with exposure to at least some of the products in which PIDG invest.
  • Familiarity with PE jurisdiction set-ups would be helpful as would working with government departments.
  • Experience of optimising finance functions, including finance process redesign and associated system implementations, including introducing and embedding new accounting/reporting systems and identifying and implementing process improvements.
  • Exposure to long term financial planning and modelling as well as group wide reporting, planning and budgeting.
  • International/cross border team liaison.
  • Ability to work well under pressure and be able to meet deadlines.
  • A mix of small and large company experience helpful.
  • Exposure to emerging markets in Africa/Asia.
  • Strong appreciation and passion for PIDG with a strong work ethic.
  • Desire to work in a fast-paced and demanding environment essential.

 

Application deadline: 26 July 2024

 

PIDG is an equal opportunities employer and values the diversity of all its employees, associates, owners, service providers and customers.

To apply