Financial Control Manager - Delivery

شركة وسط جدة للتطوير | Jeddah Central Development Company; Jeddah; On-site; SAR 300,000 - 550,000; Full time

Job summary

Jeddah Central Development Company seeks a Financial Control Manager to lead financial planning across business lines, including annual budgeting, forecasting, and long-term financial plans, ensuring accuracy and alignment with strategic objectives.

You will partner with senior leaders to drive cash flow management, oversee financial reporting, risk mitigation, and compliance with policies, while building stakeholder relationships to support growth in the Saudi market.

Qualifications

• Bachelor's degree in Accounting, Finance Management, Business Administration, or a related field (Master's degree preferred).
• 8 years of experience in a similar role, with at least 3 years in a managerial position.
• Solid knowledge in finance, budgeting, forecasting, and financial reporting.
• Excellent English (must) and Arabic language (preferred).
• Proficiency in Microsoft Office Suite and strong communication skills.

Responsibilities

• Lead the corporate financial planning process, including annual budgeting, forecasting, and long-term financial plans.
• Collaborate with business units to establish budget targets and align financial plans with strategic objectives.
• Monitor budget performance, analyze variances, and provide insights to drive financial decision-making.
• Oversee project financial control, accounting, reporting, and risk management for assigned programs.
• Liaise with senior leadership and CFO to ensure compliance with financial policies and regulatory requirements.

Skills

Finance Knowledge

Budgeting

Forecasting

English Proficiency

Arabic Proficiency

Education

Bachelor's degree in Accounting, Finance Management, Business Administration, or related field

Tools

Microsoft Office

Job description

Financial Control Manager

To manage the company’s financial planning process for business lines as directed including annual budgeting, forecasting, and long-term financial plans, by collaborating with relevant stakeholders and business lines, monitoring budget performance, and ensuring support and guidance for financial planning, budgeting, and all applicable financial aspects for related business lines to maintain efficiency and awareness.

Key Accountabilities:

Strategic Financial Advice

• Participate in planning to influence long-term outcomes for business areas, including financial sustainability.
• Provide insightful advice and recommendations aimed at benefiting the organization.
• Demonstrate a comprehensive understanding of the business and the operating environment to gain insights that inform and enhance decision-making processes.
• Ensure that financial budgeting and planning consider key financial implications and reflect accurate budgeting practices.
• Provide strategic input into the change program, specifically for aspects related to the Financial Business Partnering department.

Corporate Financial Control Management

• Manage and lead the corporate financial planning process, including annual budgeting, forecasting, and long-term financial plans.
• Collaborate with business units and departments to establish budget targets and align financial plans with strategic objectives.
• Monitor budget performance, analyze variances, and provide insights to drive financial decision-making.
• Manage forecast activities the corporate cash flow to meet liquidity needs and optimize working capital efficiency.
• Manage cash flow monitoring tools and processes implementation to track inflows and outflows accurately.
• Define opportunities to improve cash flow generation, reduce working capital requirements, and manage funding sources effectively.
• Manage all activities for developing financial strategies aligned with corporate objectives and growth plans.
• Establish strong relationships with key stakeholders to facilitate effective communication and decision-making processes.
• Liaise with the Legal team on corporate financing service level agreements to protect JCDC's financial position and prevent any violations.
• Manage the preparation of reports on financing activities for the Chief Financial Officer to keep them abreast of and informed regarding activity status, as need be.

Project Financial Control Management

• Manage coordination, management, and follow-up of all financial aspects of projects to ensure acceptable execution.
• Maintain timely and sound accounting execution and reporting of financial project results, budget control, and analytical accounting using and maintain standardized structures and procedures. Identify potential financial risk areas and support the implementation of risk-mitigating activities.
• Manage the coordination and follow-up of all project administration, planning, on-site logistics, staff support, and general administration related to the financial management aspect of the project.
• Provide advice to Project Management and other departments, ensuring up-to-date knowledge of financial & fiscal laws and contractual requirements.
• Collaborate with senior leadership to develop financial strategies aligned with project objectives and growth plans.
• Manage to maintain strong relationships with key stakeholders to facilitate effective communication and decision-making processes.
• Support on-demand projects, as JCDC requires, to facilitate various initiatives foreseen by JCDC.

Related Assignments

• Perform any related duties or assignments as directed.

Strategic Contribution

• Ensure effective cascading of the divisional strategy into sectional business plans to ensure vertical alignment and horizontal integration with other interfacing strategies.

People Management

• Manage the effective achievement of assigned objectives through the designated section's leadership by setting individual objectives, managing performance, developing and motivating staff to maximize sectional performance.
• Lead the talent development initiatives for the assigned section, collaborating with technical/discipline experts and ensuring talent availability to fit business requirements.

Budgeting and Financial Performance

• Manage the preparation, recommend the sectional budget, and monitor financial performance versus the budget while ensuring all sectional activities align with the approved guidelines

Policies, Systems, Processes & Procedures

• Manage and ensure effective implementation of policies, procedures, and controls covering all areas of assigned sectional activity so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service.

Continuous Improvement

• Lead the identification of opportunities for continuous improvement and sustainability of systems, processes, and practices considering global standards, productivity improvement, and cost reduction.

Reporting

• Ensure that all department reports are prepared timely and accurately and meet JCDC requirements, policies, and quality standards.

Qualification, Experience, & Skills:

A. Minimum Qualifications:

• Bachelor's degree in Accounting, Finance Management, Business Administration, or a related field from a reputable university. (Master's degree preferred)

B. Minimum Experience:

• 8 years of experience in a similar role – 3 years in managerial role.

Job-Specific Skills (Generic / Technical):

• Solid knowledge in Finance, Budgeting, Forecasting, and Financial Reporting, independently executes tasks and solves routine challenges.
• Excellent use of English (must) and Arabic language (preferred).
• Excellent verbal and written communication and presentation skills, with the ability to effectively present information.
• Proficiency in using Microsoft Office Suite (Word, Excel, PowerPoint, and Outlook)
• Ability to quickly learn and adapt to new technology tools and software used within the organization.
• Demonstrates understanding of the cultural and professional environment in KSA and the GCC region.
• Good understanding of relevant market practices and applicable laws & regulations, with the ability to interpret and apply knowledge to ensure compliance
• Proficient in essential technical skills related to the role, including knowledge of industry-specific tools, software, and methodologies, enabling effective task execution.
• Demonstrate proficiency in essential soft skills as per JCDC Competency Framework based on the role's level of responsibility.