Assistant Business Controller

KONE; Riyadh; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading global engineering company in Riyadh is seeking an energetic Assistant Business Controller to manage business controlling activities. The ideal candidate will perform analyses, ensure compliance with financial standards, and provide insights for effective decision-making. Candidates should hold a Bachelor's degree in Finance with 1 to 3 years of relevant experience, and be fluent in both English and Arabic.

Qualifications

• 1 to 3 years of experience in a similar role.
• Strong analytical mindset with keen attention to detail.

Responsibilities

• Manage day-to-day business controlling activities.
• Provide actionable insights on financial matters.
• Ensure adherence to financial reporting principles.
• Support planning and forecasting processes.

Skills

Financial analysis

Communication skills

Analytical mindset

Proficiency in Microsoft Office

Fluent in English and Arabic

Education

Bachelor's degree in Finance

Job description

Certified as a Top Employer; KONE is dedicated to a better world of work and exhibits this through excellent people practices. We are committed to fostering a great work culture and inspiring the highest standards of quality and efficiency putting our people first and creating a workplace that nurtures collaboration, diversity, growth and wellbeing.

It's time to make a move. Join our flow.

We have an exciting opportunity for an energetic and enthusiastic Assistant Business Controller who will manage the day-to-day business controlling activities ensuring they are conducted in accordance with KONE Financial Control Models and that financial impacts are measured and reported following KONE accounting standards and reporting instructions. You will also support the definition of local financial policies and ensure that adherence to both local and global policies is controlled.

What will you do?

Business partnering with strong outside-in mindset:

• Understanding of the business logic and dependencies between key operational processes, relationships, and metrics.
• Being the key finance professional and trusted advisor of finance matters in the organization and promote and ensure adequate finance understanding in the business organization.
• Evaluate industry, economic, financial, and market trends to forecast the organization’s short, medium, and long-term financial and competitive position.
• Providing actionable insights, key findings, and conclusions to business, not just numbers.

Managing and analyzing the financial performance:

• Ensure that key reporting principles and correct costing parameters as defined by KARI, KAS and FCM have been implemented and followed.
• Ensure the correctness of managerial reporting including volume reporting (OR and sales), financial reporting (RE50 and R80), performance KPI’s (P2P, hours/floor)
• Analyze and understand the weekly/monthly actual performance of the business, as well the deviations compared to planned (BUD /FCS) performance.
• Provide and share the executive summary of the performance including opportunities and risk with business leaders.
• Contribute, agree and follow-up on actions with the business leaders.

Facilitating the planning and forecasting processes:

• Support the planning and forecasting processes by providing financial parameters to be utilized in sales and cost planning and forecasting by the business (e.g., inflation rate, foreign exchange rates, increases in wages and salaries, costs for corporate materials, milestone lead times)
• Validate and analyze the outcome and ensure realistic level of figures.
• Ensure that plans and forecasts are consolidated and reported forward in a timely manner and that deadlines are respected.

Other tasks:

• Perform or organize the execution of the business controlling tasks as defined in KONE FCM
• Participate in more general analysis tasks that support the Business Line, e.g., analyzing the opportunity funnel, and producing scenario analyses for versatile purposes (e.g., market demand vs. pricing in different scenarios).
• Maintain strong connections with other stakeholders and other Finance colleagues within KONE to share best practices and to understand current and future trends.

Are you the one?

• Bachelor degree in Finance.
• 1 to 3 years of experience in similar role.
• Proficient in Microsoft Office applications, including Word, Excel, and PowerPoint.
• Excellent communication and interpersonal skills, with fluency in both English and Arabic.
• Strong analytical mindset with keen attention to details.

At KONE, we are focused on creating an innovative and collaborative working culture where we value the contribution of each individual. Employee engagement is a key focus area for us and we encourage participation and the sharing of information and ideas. Sustainability is an integral part of our culture and the daily practice. We follow ethical business practices and we seek to develop a culture of working together where co-workers trust and respect each other and good performance is recognized. In being a great place to work, we are proud to offer a range of experiences and opportunities that will help you to achieve your career and personal goals and enable you to live a healthy and balanced life.

Read more on www.kone.com/careers