Commercial Credit Controller

About Alfanar and the Role

Alfanar is seeking a Commercial Credit Controller to join its team in Riyadh, Saudi Arabia. This full-time position involves overseeing and contributing to the factory’s financial planning, budgeting, cost management, and reporting activities. The role focuses on ensuring accurate cost allocation, optimal resource utilization, and adherence to accounting standards to support profitability and improve operational performance.

Key Responsibilities

• Manage budgets, accounts, and financial operations across production units to meet internal and external reporting requirements.
• Coordinate the development of annual and long-term operating and capital budgets, ensuring alignment with production plans and resource optimization.
• Oversee product costing, bill of materials (BOM), and collaborate with production and procurement teams to analyze cost variances and improve accuracy.
• Ensure accurate valuation of raw materials, work-in-progress (WIP), and finished goods inventories.
• Set and monitor cost center allocations, overhead distribution, and internal transfer pricing.
• Manage fixed asset records, including asset tagging, depreciation, and capital expenditure (CAPEX) tracking.
• Contribute to financial forecasting by analyzing production capacity, demand trends, and material costs.
• Conduct profitability analysis of product lines, departments, or processes and recommend adjustments to improve margins.
• Monitor production cost efficiency against budgets and KPIs, identifying deviations and recommending corrective measures.
• Prepare and review periodic financial and management reports, including cost reports, inventory movement, and production efficiency metrics.
• Ensure compliance with applicable accounting standards and internal control procedures.
• Supervise the year-end closing process, including preparation of final accounts and variance reports.

Role Accountabilities

• Ability to recruit, recognize, and cultivate high performers to create a robust second line of management.
• Take full responsibility for operations as per the job description and required deliverables, adhering to company guidelines.
• Anticipate problems and take proactive steps to prevent them, making necessary and timely decisions.
• Deliver required results in a timely manner with specified quality and cost.
• Make a tangible difference to the area of operation and exceed business expectations.
• Transform corporate goals into business plans, then plan, follow up, and execute these plans.
• Monitor plan performance, initiate actions to strengthen results, and take corrective actions.
• Develop the organizational structure according to current and future requirements.
• Develop and coordinate well-defined written systems, policies, and procedures, seeking automation opportunities.
• Ensure a safe, secure, and legal work environment as per standard regulations.

Qualifications and Experience

Candidates should possess 5-10 years of relevant experience in a similar financial control or accounting role, preferably within a factory or manufacturing environment. The role requires a strong understanding of financial planning, budgeting, cost management, and reporting activities.

Required Skills

• Proficiency in budgetary control systems and financial operations.
• Strong analytical skills for cost variance analysis, profitability analysis, and forecasting.
• Knowledge of fixed asset management, depreciation methods, and capital expenditure tracking.
• Ability to prepare comprehensive financial and management reports.
• Familiarity with applicable accounting standards and internal control procedures.
• Conversant with IT solutions relevant to financial management and business processes.
• Strong leadership and team management capabilities, including performance assessment and development.
• Adaptability to new techniques, technologies, management structures, and business models.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia, offering an opportunity to contribute to the financial health and operational performance of Alfanar's factory operations. The salary for this position will be disclosed during the recruitment process.