Assistant Financial Controller

About the Role

FNRCO is seeking an Assistant Manager - Financial Control to join their team in Riyadh, Saudi Arabia. This full-time role supports the Central Planning & Control Unit in managing financial planning, budgeting, and financial control activities across Shared Services. The position involves supporting the preparation of Annual Operating Plans (AOP), managing Capex and Opex, and overseeing accruals and reconciliation activities, ensuring adherence to financial governance requirements.

Key Responsibilities

• Support the preparation and consolidation of the AOP for Shared Services.
• Assist in the implementation of financial planning, budgeting, and monitoring frameworks.
• Support the development and enhancement of financial reporting and budget tracking processes.
• Assist departments in preparing budget submissions and ensure alignment with FCD guidelines.
• Monitor Capex and Opex budgets against approved financial plans and maintain updated budget trackers for Shared Services projects.
• Track budget utilization and identify potential variances or risks.
• Review and process Purchase Requisitions (PRs) and invoices through SAP Ariba, ensuring completeness, accuracy, and compliance with procurement policies and approved budgets within defined SLA timelines.
• Ensure invoice submissions follow defined timelines and approval processes.
• Ensure accruals are recorded accurately in line with financial reporting standards.
• Monitor open financial exceptions and unresolved transactions, maintain exception trackers, and ensure timely follow-up and resolution.
• Support coordination with Shared Services departments on financial planning and budgeting activities.

Financial Control and Compliance

• Ensure compliance with internal financial policies, procurement policies, and governance frameworks.
• Support the maintenance of accurate financial documentation and audit trails.
• Ensure transparency, traceability, and integrity of financial data.
• Identify and escalate financial risks related to budgeting, reporting, and expenditures.

Self-Management and Continuous Improvement

• Maintain a strong understanding of financial planning processes, budgeting, and internal financial controls.
• Ensure timely completion of invoice submissions and approvals in accordance with defined SLA timelines.
• Identify continuous improvement opportunities in financial processes and reporting.

Required Experience

Candidates should possess 2-5 years of relevant experience in financial control, planning, or budgeting roles.

Work Environment

This is a full-time position based in Riyadh, Riyadh, Saudi Arabia, working within the Shared Services department.