CONTROLLER, FINANCIAL📣 Job Ad

About the Role

Alfanar is seeking a skilled and experienced Financial Controller to manage the financial aspects of its operations. This role is responsible for ensuring the accuracy of financial reporting, compliance with regulatory requirements, and the effective implementation of financial policies and procedures. The Financial Controller will contribute to optimizing financial resources, supporting business planning, and ensuring the company's financial health and strategic objectives are met. Alfanar is a Saudi company with a global presence, specializing in electrical products and renewable energy solutions, with operations in oil and gas, water treatment, infrastructure, technical services, and digital solutions.

Key Responsibilities

• Manage company accounts, budgets, and financial activities across various operations divisions to meet stakeholder information needs.
• Direct the planning and preparation of annual and long-term capital and operating budgets, ensuring alignment with business plans.
• Collaborate with functional counterparts to address cost determination issues, including inventory valuation and overhead distribution.
• Oversee the maintenance of fixed asset records and depreciation accounts, providing guidance on capitalization and depreciation methodologies.
• Participate in developing long-range financial forecasts and performing variance analysis.
• Supervise the preparation of annual financial statements for the Support Services Division.
• Ensure effective data collection procedures for timely updates to the IT system.
• Monitor financial performance against budgets, identifying and rectifying unsatisfactory performance.
• Meet the financial reporting and accounting data needs of the Support Services Division to facilitate decision-making.
• Prepare reports and statistics on chargebacks, recoveries, deficits, and other financial metrics.
• Supervise the deployment of accounting programs based on approved standard procedures.
• Prepare year-end final accounts and financial status reports for the Support Services Division.
• Recruit, develop, and manage high-performing team members.
• Identify and guide low performers towards improvement or make necessary release decisions.
• Ensure subordinates are assessed based on performance leading to planned results.
• Ensure the availability of a delegation of authority matrix as per company policy.
• Take full responsibility for operations as per the job description and company guidelines.
• Anticipate problems and take proactive steps to prevent them.
• Make necessary and timely decisions.
• Deliver required results in a timely manner with specified quality and cost.
• Transform corporate goals into actionable business plans.
• Plan, follow up, and execute business plans.
• Monitor plan performance and initiate corrective actions.
• Provide periodic work progress reports.
• Monitor and control budgets and expenses for optimum cost efficiency.
• Develop the organizational structure according to current and future requirements.
• Ensure the availability and deployment of job descriptions for all roles.
• Develop, coordinate, and implement well-defined systems, policies, and procedures, and seek automation opportunities.
• Utilize IT solutions relevant to the job and business, promoting automated systems.
• Uphold Alfanar's commitment to quality.
• Adapt to new techniques, technologies, management structures, and business models.
• Ensure a safe, secure, and legal work environment.

Qualifications and Requirements

• Bachelor's Degree in Accounting and Finance or a relevant field.
• 6 to 10 years of relevant work experience.

Required Skills

• Accounting Theory/Concepts
• Financial Analysis
• Financial Reporting
• Cost Control
• Budgetary Control System
• Costing Inventory
• Fixed Asset and Capital Expenditure Analysis
• Forecasting and Profitability Analysis
• Master Data Management
• HR Proficiency (recruitment, performance management, team development)
• Strong sense of Responsibility and accountability
• Effective Delivery and results orientation
• Business Planning and Performance Management
• Organizational Development
• Business Process Improvements and automation
• Commitment to Quality
• Adaptability to change
• Knowledge of Health, Safety, and Environment regulations

Work Environment and Location

This is a full-time position based in Riyadh, Saudi Arabia. The role operates within Alfanar's established operational framework, contributing to its global presence in electrical products and renewable energy solutions.