Financial Controller

Mdl Beast Llc.; Jeddah; On-site; SAR 250,000 - 350,000; Full time

Job summary

A leading entertainment company in Saudi Arabia seeks a Financial Controller to oversee accounting operations, manage month-end closing processes, and ensure compliance with applicable accounting standards. The ideal candidate will have significant experience in finance and accounting, particularly in multi-entity structures. Responsibilities include preparing financial reports, managing budgets, and establishing internal controls. Strong knowledge of IFRS and experience in the entertainment or hospitality industry will be beneficial.

Qualifications

• 10 – 12 years of professional experience in finance and accounting.
• Big4 experience (Audit / Advisory) is highly preferred.
• Professional certification such as CMA, CPA, ACCA, or SOCPA is desirable.

Responsibilities

• Oversee all accounting operations and ensure the preparation of accurate financial statements.
• Lead end-to-end month-end closing, including journals and accruals.
• Prepare monthly, quarterly, and annual financial reports and provide detailed analysis.

Skills

Financial controlling

Internal controls

Budget management

Financial reporting

Team leadership

Variance analysis

Education

Bachelor’s degree in accounting

Master’s degree (preferred)

Tools

SAP

Odoo

Microsoft Excel

Job description

Duties for the Financial Controller will include (but not limited to):

• Oversee all accounting operations and ensure the preparation of accurate financial statements, management reports, and other financial documentation in compliance with applicable KSA regulations and internal policies.
• Lead end-to-end month-end closing, including journals, accruals, prepayments, provisions, and intercompany entries.
• Ensure the accuracy, completeness, and integrity of financial records and balance sheet reconciliations (banks, AR/AP, accruals, advances, fixed assets, deferred revenue, and intercompany).
• Prepare monthly, quarterly, and annual financial reports and provide detailed analysis and insights to support management decision-making.
• Maintain and govern accounting policies, chart of accounts structure, and reporting standards in line with IFRS and group requirements.
• Manage intercompany recharges and transactions, ensure timely reconciliations and eliminations, and support consolidated reporting.
• Partner with leadership to support annual budget preparation and rolling forecasts, ensuring alignment with strategic goals and operational needs.
• Monitor budget implementation and perform variance analysis, identifying and addressing discrepancies, leakage, and operational inefficiencies.
• Establish and enhance internal controls, segregation of duties, and approval governance to safeguard assets, ensure accurate reporting, and maintain audit-quality documentation.
• Manage working capital performance by strengthening AR/AP controls, collections discipline, vendor statement reconciliations, and payment governance.
• Manage cash flow planning and ensure sufficient liquidity to meet operational needs, including oversight of bank reconciliations and cash management activities.
• Coordinate and manage internal and external audits, including PBC schedules, audit queries, and closure of findings with corrective action plans.
• Ensure compliance with relevant KSA accounting standards and applicable tax/VAT/ZATCA requirements where relevant.
• Control event financials including budgets vs actuals, profitability reporting, production cost tracking, post-event reconciliation packs, and accurate cut-off for revenues/costs; ensure correct accounting for artist deposits/advances, contract-based accruals, and settlements.
• Oversee F&B financial controls including POS revenue reconciliations, cash/card settlements matching, discount/void monitoring, inventory and COGS governance (stock counts, movements, wastage, costing), and membership revenue treatment where applicable.
• Strengthen F&B margin performance through tighter menu/recipe costing reviews, pricing vs food cost analysis, and monitoring key cost drivers (wastage, comps, staff meals, supplier price variances).
• Implement and monitor controls around high-end dining and membership lounges, including redemption/benefit tracking, deposits/prepaid packages, and daily sales-to-bank reconciliation discipline.
• Oversee music financials including royalty accounting and reporting, revenue recognition for licensing/sync/distribution income, artist settlements, recoupments/advances tracking, and contract governance with a strong audit trail.
• Support label operations by controlling label P&L (A&R spend, production, marketing, distribution costs), ensuring proper capitalization/expensing rules, and tracking project profitability by release/artist.
• Ensure accurate accounting for label-related revenue streams (recorded music, distribution deals, label services) and maintain reconciliations with DSP statements and distributor reports.
• Lead and mentor the finance and accounting team, driving a culture of continuous improvement, discipline, and professional development, and coordinate effectively with operational stakeholders.

Qualification and Experience:

• Bachelor’s degree in accounting (Master’s degree preferred).
• 10 – 12 years of professional experience in finance and accounting, with strong financial controlling exposure across multi-entity structures.
• Big4 experience (Audit / Advisory) is highly preferred.
• Professional certification such as CMA, CPA, ACCA, or SOCPA is highly desirable.
• Strong industry experience across entertainment, hospitality/F&B, and music-related businesses (royalties/labeling/licensing) is highly preferred.
• Strong knowledge of IFRS, financial reporting, internal controls, and audit management.
• Proficiency in Microsoft Office (advanced Excel) and ERP systems (SAP / Odoo or similar).