Financial Controller

Al Jomaih Energy and Water; Saudi Arabia; On-site; SAR 200,000 - 300,000; Full time

Job summary

A leading utility and infrastructure developer in Saudi Arabia is seeking a Financial Controller responsible for financial reporting and stakeholder communication. The role involves managing financial controls, compliance with IFRS, and overseeing accounts payable and receivable. Candidates should have a Bachelor’s degree in Finance or Accounting, professional accounting certification, and at least 7 years of experience in financial management or major infrastructure projects. Strong analytical and communication skills are essential for this position.

Qualifications

• Minimum 7 years of experience in financial management, accounting, or infrastructure projects.
• Experience managing financing, drawdowns, and lender reporting.
• Strong knowledge of IFRS and tax regulations in KSA.

Responsibilities

• Manage communication with financial project stakeholders.
• Ensure compliance of project transactions in the General Ledger.
• Prepare periodic cash flow forecasts and managerial reports.
• Review and manage accounts payable and receivable processes.
• Ensure tax compliance and manage external tax inspections.
• Prepare financial reports per financing documentation.

Skills

Financial management

Accounting

Analytical skills

Organizational skills

Communication skills

Education

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

Professional accounting qualification (CA, ACCA, or equivalent)

Tools

ERP systems

Oracle GL

Job description

Overview

Al Jomaih Energy & Water (AEW) headquartered in Saudi Arabia, is a fast-growing investor, lead developer, and operator of utility and infrastructure projects in markets such as KSA, GCC, Asia & North Africa. AEW has investments in 6 GW of Conventional and Solar power plants, and around 700,000 m3/day of water. AEW was established in 2007, as a subsidiary of Al Jomaih Holding Company, a leading Saudi conglomerate with a legacy spanning over 80 years, focused on enabling sustainable, social, and economic progress. At AEW, our mission is to tackle new technologies, solve complex problems, and leverage our expertise to unlock opportunities in the Power, Renewables & Water Sectors, while driving impact for our stakeholders across the value chain.

Role profile

Financial Controller — The Financial Controller will be responsible for all financial reporting and communication with project stakeholders, including lenders and sponsors, along with tax, financial, and accounting control for the Project Company and Management Services Company. The role ensures the integrity of internal controls and accounting information in compliance with IFRS and local reporting standards, while maintaining the integrity of the General Ledger (GL) to ensure accurate reporting of the Project’s financial results. Reporting Structure: CFO and CEO.

Your Job Functions (Duties & Responsibilities)

• Managing communication with project stakeholders — internal and external, including project teams, sponsor teams, lenders, advisors, and other required stakeholders, relating to financial matters.
• Financial Accounting and Audit — ensure business transactions related to the project are maintained in the GL in full compliance with IFRS, local reporting standards, and sponsors’ financial policies and procedures; ensure accuracy, quality, and timely closing of books; review and approve monthly accruals and provisions; ensure the integrity of the Oracle GL or similar systems; manage external audit processes and coordinate with consultants on financial accounting and audit; maintain financial control of periodic financial statements.
• Managerial Accounting and Reporting — prepare periodic cash flow forecasts, budgets, managerial financial reports, financial analyses, and relevant reports; ensure maintenance and updating of the financial model.
• Accounts Payable (AP) and Accounts Receivable (AR) — review AP/AR work and reports for sponsor requirements; manage AP/AR in line with SLAs; review invoice approval status and processing timelines; review month-end AP/AR reconciliations and ageing; advise on ad-hoc invoice and payment matters; approve third-party invoices in AR ledger with supporting documentation.
• Tax Compliance — ensure Project Company reports and pays taxes per applicable laws; inform decision-makers of tax implications; ensure compliance of tax reports; manage collection of receivables from tax authorities; coordinate with tax advisors; manage activities related to external tax inspections.
• Banking, Treasury, and Reconciliations — review and approve month-end bank reconciliations; resolve reconciling items; ensure bank deposits are correctly categorized; support day-to-day cash management and investment decisions.
• Financing and Lender Requirements — prepare financial reports in line with financing documentation; manage drawdown processes; update and monitor the financial model; address lender information covenants and reporting requirements.
• Governance and Stakeholder Relations — maintain coordination with internal and external stakeholders; organize project governance activities (board, steering committee, audit, and finance meetings for the CFO); ensure adherence to shareholders’ agreements and delegation of authority; ensure compliance with financing documents and lender requirements.
• QHSE Support — support Quality, Health, Safety, and Environment activities, policies, and objectives, including participation in audits, inductions, and incident reporting when required.

Qualifications and Experience

• Bachelor’s degree in Business Administration, Finance, Accounting, Economics, or a related field.
• Professional accounting qualification (CA, ACCA, or equivalent).
• Minimum 7 years of experience in financial management, accounting, audit, or major infrastructure projects.
• Experience managing financing, drawdowns, and lender reporting under PPP or similar frameworks.
• Strong knowledge of IFRS, project finance, ERP systems, and financial controls.
• Good understanding of KSA tax and accounting regulations.
• Strong analytical, organizational, and communication skills; high attention to detail; ability to work in a multi-functional environment.