Financial Controller-Director

BinDawood Holding; Jeddah, Makkah Al Mukarramah; On-site; SAR 200,000 - 300,000; Full time

Job summary

A leading company in real estate seeks an experienced Financial Manager to oversee its financial operations, ensuring compliance, effective budgeting, and strategic planning. The ideal candidate will have a strong background in financial management and a proven track record within the real estate industry. This role also emphasizes the importance of leadership and communication with stakeholders.

Qualifications

• 7-10 years of experience in financial management, preferably in GCC.
• Strong knowledge of financial regulations relevant to real estate.
• Experience with real estate-specific accounting software is a plus.

Responsibilities

• Oversee all accounting operations and financial reporting.
• Develop and manage the company's budget.
• Contribute to strategic financial planning and investment evaluation.

Skills

Financial management

Compliance knowledge

Analytical skills

Communication skills

Leadership skills

Education

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

ACCA, CA, CPA or CMA certification

Tools

Financial software

Job description

Job Summary:

To manage the financial operations of the real estate business. This role is critical in overseeing financial planning, investment analysis, compliance, and reporting for property acquisitions, developments, and portfolio management.

Key Duties & Responsibilities

Financial Management:

• Oversee all accounting operations, including general ledger, accounts payable, accounts receivable, and payroll.

• Financial Reporting:

• Prepare and analyze monthly, quarterly, and annual financial statements, ensuring accuracy and compliance with relevant accounting standards and regulations specific to the real estate industry.

Budgeting and Forecasting:

• Develop and manage the company's budget, providing regular variance analysis and forecasting future financial performance. This includes property-level budgets and consolidated company financials.

• Cash Flow Management:

• Monitor and manage cash flow, ensuring sufficient liquidity to meet obligations and optimize financial health of the company and its properties.

Compliance:

• Ensure compliance with all relevant financial regulations, including tax laws and property-specific reporting requirements. This includes coordinating with external auditors and regulatory bodies.

• Internal Controls:

• Develop and implement robust internal control systems to safeguard company assets and ensure the integrity of financial data.

Strategic Financial Planning:

• Contribute to strategic financial planning, providing insights and recommendations to support business growth and profitability within the real estate market. This includes evaluating potential investments, acquisitions, and development projects.

• Understand and address the unique financial aspects of real estate, such as property valuation, lease accounting, and development project accounting.

Team Leadership:

• Supervise and mentor the finance team, fostering a culture of collaboration and professional development.

• Stakeholder Communication:

• Effectively communicate financial information to various stakeholders, including senior management, investors, and other relevant parties.

Skills

Job Specifications:

Minimum Job Qualifications Requirement (Academic, training, languages, etc.)

• Bachelor's degree in Accounting, Finance, or a related field.
• ACCA, CA, CPA or CMA certification preferred.
• Experience of working in a large real estate company in a similar role is mandatory

Minimum Work Experience:

·7-10 years of experience in related field, preferably within GCC

Skills & Specifications

• Proven experience in financial management and accounting, particularly within the real estate industry.
• Strong knowledge of financial regulations, accounting standards (GAAP or IFRS), and tax laws relevant to real estate.
• Excellent analytical, communication, and leadership skills.
• Proficiency in financial software and reporting systems.
• Experience with real estate-specific accounting software (e.g., Yardi, MRI) is a plus.