Financial Control Manager

About the Role

Jeddah Central Development Company is seeking a Financial Control Manager to oversee the company’s financial planning processes for various business lines. This full-time role, based in Jeddah, involves managing annual budgeting, forecasting, and long-term financial plans, ensuring efficiency and financial awareness across all applicable financial aspects.

Key Responsibilities

• Manage and lead the corporate financial planning process, including annual budgeting, forecasting, and long-term financial plans.
• Collaborate with business units and departments to establish budget targets and align financial plans with strategic objectives.
• Monitor budget performance, analyze variances, and provide insights to support financial decision-making.
• Manage forecast activities for corporate cash flow to meet liquidity needs and optimize working capital efficiency.
• Oversee the implementation of cash flow monitoring tools and processes to track inflows and outflows accurately.
• Identify opportunities to improve cash flow generation, reduce working capital requirements, and manage funding sources effectively.
• Manage all activities for developing financial strategies aligned with corporate objectives and growth plans.
• Coordinate, manage, and follow up on all financial aspects of projects to ensure acceptable execution.
• Maintain timely and sound accounting execution and reporting of financial project results, budget control, and analytical accounting using standardized structures and procedures.
• Identify potential financial risk areas and support the implementation of risk-mitigating activities.
• Provide advice to Project Management and other departments, ensuring up-to-date knowledge of financial & fiscal laws and contractual requirements.
• Manage the preparation of reports on financing activities for the Chief Financial Officer.
• Perform any related duties or assignments as directed.

Strategic Contributions

• Participate in planning to influence long-term outcomes for business areas, including financial sustainability.
• Provide insightful advice and recommendations aimed at benefiting the organization.
• Ensure that financial budgeting and planning consider key financial implications and reflect accurate budgeting practices.
• Provide strategic input into change programs, specifically for aspects related to the Financial Business Partnering department.
• Ensure effective cascading of the divisional strategy into sectional business plans to ensure vertical alignment and horizontal integration with other interfacing strategies.

People Management and Development

• Manage the effective achievement of assigned objectives through the designated section's leadership by setting individual objectives, managing performance, developing, and motivating staff.
• Lead talent development initiatives for the assigned section, collaborating with technical/discipline experts and ensuring talent availability to fit business requirements.

Financial Performance and Compliance

• Manage the preparation and recommendation of the sectional budget, monitoring financial performance versus the budget.
• Ensure effective implementation of policies, procedures, and controls covering all areas of assigned sectional activity to fulfill relevant procedural/legislative requirements.
• Lead the identification of opportunities for continuous improvement and sustainability of systems, processes, and practices, considering global standards, productivity improvement, and cost reduction.
• Ensure all department reports are prepared timely and accurately, meeting JCDC requirements, policies, and quality standards.

Qualifications and Experience

Candidates should possess 5-10 years of relevant experience in financial control, planning, and budgeting. A comprehensive understanding of business operations and the operating environment is essential to inform and enhance decision-making processes.