Head of Financial Planning & Control

Saudi Geological Survey; Jeddah; On-site; SAR 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a seasoned financial professional to lead the development and implementation of strategic financial plans. This role involves overseeing budgeting processes, ensuring compliance with accounting standards, and providing insights for resource allocation. The ideal candidate will have extensive experience in financial planning and control, with a strong background in managing operational budgets and driving process improvements. Join a forward-thinking organization that values expertise and innovation in financial management, and make a significant impact on its strategic direction.

Qualifications

• 10+ years in financial planning and budgeting.
• Expertise in managing financial reporting and forecasting.

Responsibilities

• Manage department strategy, budget, and performance objectives.
• Prepare financial statements and reports for leadership.

Skills

Financial Planning & Control

Budget Management

Financial Forecasting

Operational Financial Planning

Process Improvement

Digital Solutions Implementation

Education

Bachelor's degree in Accounting

Master's degree in Finance Management

Professional Certification (CFA, CMA)

Tools

ERP Systems

Job description

Key Responsibilities:

• Manage the development and implementation of the department's strategy objectives, policies, initiatives, and operational plans.

• Manage the development of the department's annual budget and ensure its alignment with the set strategic and operational objectives.

• Manage the development of the department's performance objectives and ensure effective delivery against set objectives.

• Lead the development of SGS’s long-term financial plan, including OPEX, CAPEX, cash disbursements, and projected inflows, in coordination with concerned internal and external stakeholders and in line with SGS’s strategic direction.

• Manage the development of SGS budget guidelines, ensure the unification of respective templates and communication of the same with SGS’s departments.

• Manage the preparation of consolidated annual functional budgets and review the consolidated SGS’s annual budget to ensure accuracy and alignment with SGS’s long-term financial plan and Strategic Financial Objectives.

• Manage the preparation of consolidated annual functional budgets, ensuring alignment with SGS’s longer-term financial plan.

• Review budget modification requests, provide recommendations (as applicable), and obtain required approvals in line with the set policies and procedures and approved DOA.

• Monitor expenditures efficiency across SGS’s functions, in coordination with procurement, contracts, and internal stakeholders, and provide improvement recommendations in line with the identified enhancement areas.

• Manage the implementation of accurate financial forecasting and provide valuable insights regarding resource allocation, in line with the approved corporate strategy and respective plan.

• Manage the maintenance and update of the Master Authority Schedule (MAS), SGS’s financial accounting policy, procedures, manuals, financial regulation in line with the applicable regulations.

• Manage the preparation of SGS’s financial statements (including income statement, balance sheet, cash flow statement, notes to the financial statements, statement of changes in equity), and ensure they accurately reflect all financial transactions and historical financial performance.

• Manage the preparation, submission, and presentation of financial reports to SGS leadership, relevant committees, and the board of directors to ensure informed decision-making, financial transparency, and timely escalation of irregularities.

• Review and submit the financial reports and statements (related to SGS’s financial matters), to the relevant regulatory bodies and stakeholders, in line with local regulations.

• Ensure compliance of all Financial Accounting Department staff with applicable accounting principles and standards (such as, IFRS, IPSAS), and manage financial audit facilitation as the key contact for external auditors.

• Provide support and subject matter expertise in implementation of relevant digital solutions (e.g. ERP) within own scope of work in alignment with digital transformation and IT.

• Manage the development of the department's workforce and recruitment plans, in line with the wider divisional priorities and plans.

• Manage the employee performance management cycle for own department, ensuring direct subordinates are progressing in line with their set performance indicators and objectives.

• Provide guidance and support to direct subordinates in the execution of their work and ensure proper knowledge transfer to develop them and improve their performance.

Job Requirements:

• Minimum of 10 years of experience in Financial Planning & Control, or related field.

• Proven expertise in managing operational financial planning and budgeting exercises, overseeing consolidated reporting and forecasting, and driving process improvements in this regard.

• Proficiency in English and Arabic.

• Bachelor’s degree in Accounting, Finance Management, Business Administration or equivalent discipline.

• Master’s degree in Accounting, Finance Management, Business Administration or related discipline is preferred.

• Professional certificate i.e. Certified Financial Analyst, Certified Management Accountant or similar is preferred.

• Must be Saudi