Commercial Financial Controller

About the Role

alfanar Group is seeking a Commercial Financial Controller to join their team in Riyadh. This full-time position requires 5-10 years of experience and 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 for the factory, aligning them 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 tailored to factory operations.
• 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

• Demonstrate proficiency in HR aspects, including recruiting, developing, and managing performance of team members.
• Take full responsibility for operations and deliverables, anticipating problems and making timely decisions.
• Deliver required results with quality, on time, and within cost parameters.
• Make a tangible difference in the area of operation, exceeding business expectations.
• Transform corporate goals into business plans, monitor performance, and initiate corrective actions.
• Develop organizational structure and ensure job descriptions are available and deployed.
• Develop and coordinate written systems, policies, and procedures, seeking automation opportunities.
• Uphold quality as a prime competitive advantage for alfanar.
• Adapt to new techniques, technologies, management structures, and business models.
• Ensure a safe, secure, and legal work environment in accordance with standard regulations.

Experience Required

• 6-10 years of relevant experience.

Work Type and Location

This is a full-time position based in Riyadh.