Financial Controller

Abdul Latif Jameel; Jeddah; On-site; SAR 45,000 - 75,000; Full time

Job summary

A leading company in Saudi Arabia seeks a Finance Manager with extensive experience to oversee financial operations, ensure compliance with accounting standards, and contribute to budgeting and financial analysis. The ideal candidate will have a minimum of 8 years experience in finance, with at least 5 years in a managerial capacity. Opportunities to innovate and streamline financial processes are encouraged within this dynamic role.

Qualifications

• Minimum of 8 years of finance experience with 5 years in a managerial role.
• Strong knowledge of SOCPA and IFRS.
• Experience in financial controls and budgeting.

Responsibilities

• Review daily transactions and authorize payments.
• Prepare budgets for CapEx and OpEx.
• Ensure compliance with internal and financial controls.

Skills

Financial analysis

Budgeting

Internal control

Managerial skills

Education

Bachelor’s Degree in Accounting

Job description

Who we are?

Abdul Latif Jameel is a diversified business of independent entities that include automotive distribution, auto parts manufacturing, financial services, renewable energy, environmental services, health, land and real estate development, logistics, electronics retailing and media services.

Established in 1945 Abdul Latif Jameel has dual headquarters in Jeddah, Saudi Arabia and Dubai, UAE, and currently has operations in 30 countries employing approximately 11,000 people from more than 40nationalities.

The term Abdul Latif Jameel refers broadly to several distinct, separate and independent legal entities. It is not itself a corporate entity, association or conglomerate run by an overarching parent company but merely refers to a group of distinct and wholly separate legal entities that are collectively referred to as Abdul Latif Jameel.

Main Job Responsibilities:

1. Review of shared services departments’ daily transactions and authorize them for payment/booking.

2. Review cross charges allocation for shared services activities with Inter-Company affiliates.

3. Review the promotion lists for the departments, and make sure that they are in line with the HR policies and budget.

4. Review the monthly Marketing special incentives for all ALJR centers kingdom-wise and consolidate them.

5. Review on monthly basis the capitalization of manpower costs for project departments and follow up the allocation.

6. Sharing in the preparation of budget for CapEx and OpEx on an annual basis and in the preparation of Feasibility Studies of new and existing projects.

7. Review on monthly basis the flash reports for the results of shared services departments.

8. Ensure that internal and financial controls are followed and all the gaps are identified, bridged and closed efficiently and effectively.

9. Coordinate with shared services departments for OpEx CapEx requirements.

10. Coordinate and liaise with Finance Compliance, Internal Audit, External Audit & Q&C departments.

11. Responding to all ad-hoc requirements on timely basis

12. Responsible in preparing for financial results of the departments & reviews the variance with the preparation of the analysis.

13. Continuously develop new ideas and practices and make sure that the accounting is done in accordance with SOCPA and IFRS.

14. Ensuring that all financial transactions are conducted as per company policies and procedures.

Minimum Qualifications

Minimum Bachelor’s Degree in Accounting

Minimum Experience

Minimum of 8 years with 5 years in Managerial position