Financial Controller

Confidential Government; Riyadh; On-site; SAR 200,000 - 300,000; Full time

Job summary

A government entity in Saudi Arabia seeks an experienced Financial Controller to oversee comprehensive financial management including budgeting, forecasting, and regulatory compliance. The successful candidate will have at least 10 years of experience in financial management with a minimum of 5 in a leadership role. Strong analytical, communication, and leadership skills are essential, along with proficiency in financial software and understanding of banking regulations. This role requires developing financial policies and ensuring effective reporting processes.

Qualifications

• Minimum of 10 years of relevant experience in financial management.
• At least 5 years in a leadership role with strong financial operations expertise.
• Excellent communication and interpersonal skills.

Responsibilities

• Develop and maintain financial policies for compliance and reporting accuracy.
• Prepare and present financial reports to senior management.
• Lead the annual budgeting process aligning with strategic goals.
• Oversee cash flow management and investment strategies.
• Collaborate with senior leadership on financial implications of business initiatives.

Skills

Financial management expertise

Analytical skills

Advanced financial software proficiency

Leadership capabilities

Excellent communication skills

Strategic thinking

Knowledge of financial regulations

Problem-solving aptitude

Education

Bachelor's degree in Finance, Accounting, or related field

Professional certification such as CPA or CMA

Tools

ERP systems

Advanced Microsoft Excel

Job description

The Financial Controller will play a critical strategic role in providing comprehensive financial oversight and leadership within our organization. This senior-level position requires a proficient individual adept at managing all financial aspects, including budgeting, forecasting, financial reporting, and compliance with regulatory requirements. The ideal candidate will possess exceptional analytical skills to assess financial health, identify risks, and devise effective financial strategies that align with the organization's objectives. This role also involves collaborating closely with department heads to ensure accurate financial reporting, optimizing financial processes, and enhancing reporting efficiency. A strong understanding of financial regulations and banking practices, coupled with advanced capabilities in financial modeling and performance analysis, will be essential for success in this position.

Job Requirements

• A minimum of 10 years of relevant experience in financial management, with at least 5 years in a leadership role.
• Proven experience in managing financial operations, including budgeting, forecasting, and reporting.
• Demonstrated expertise in regulatory compliance, internal controls, and risk management.
• Strong knowledge of accounting principles (IFRS) and financial regulations applicable to the banking industry.
• Experience implementing and optimizing financial information systems and software for enhanced reporting capabilities.
• Solid understanding of financial modeling, and advanced analytical skills to interpret complex data sets.
• Excellent communication and interpersonal skills, with the ability to build relationships across all levels of the organization.
• Bachelor's degree in Finance, Accounting, or related field; professional certification such as CPA or CMA is preferred.
• Experience in the banking sector and knowledge of banking operations and finance regulations is highly desirable.
• Demonstrated ability to lead, mentor, and develop financial teams effectively.

Job Responsibilities

• Develop and maintain financial policies, procedures, and internal controls to ensure compliance and accuracy in financial reporting.
• Prepare, analyze, and present monthly, quarterly, and annual financial reports to senior management, highlighting key performance indicators.
• Lead the annual budgeting process in collaboration with departmental managers, ensuring alignment with the company’s strategic goals.
• Monitor and analyze financial performance against budget, and provide insightful commentary and recommendations to drive strategic decision-making.
• Oversee cash flow management, forecasting, and investment strategies to optimize liquidity and financial stability.
• Coordinate audits, both internal and external, ensuring compliance with established standards and timely resolution of any issues.
• Drive process improvements in financial operations, automating reporting and enhancing workflows to increase efficiency.
• Collaborate with senior leadership to assess and strategize financial implications of business initiatives and investment opportunities.
• Ensure adherence to financial regulatory requirements and best practices, staying informed on changes in financial legislation.
• Develop and maintain strong relationships with banks, auditors, and financial institutions to facilitate effective communication and transaction processes.

Required Skills

• Extensive knowledge of financial management and accounting principles, including advanced forecasting and financial modeling abilities.
• Exceptional analytical skills with the capability to interpret complex data and derive strategic insights.
• Proficient in advanced financial software, ERP systems, and Microsoft Excel for financial analysis and reporting.
• Strong leadership capabilities with a track record of effectively managing finance teams and developing talent.
• Excellent communication skills, both verbal and written, for effective presentation and stakeholder engagement.
• High level of integrity and ethical standards in managing financial information and decisions.
• Ability to thrive in a fast-paced, dynamic environment, with strong organizational and multitasking skills.
• Demonstrated aptitude for strategic thinking and problem-solving in finance-related contexts.
• In-depth understanding of financial regulations and practices, particularly within the banking sector.
• Aptitude for driving change and implementing process improvements within the finance function.