Lead Commercial Finance Officer

About The Company :

Evostel (previously AQESA), is part of the Ali Zaid Al Quraishi & Brothers Company (AZAQ Group), a closed joint stock company with a diversified investment portfolio. The Group takes pride in its Saudi roots and has been successfully operating in the GCC region for over 60 years. The Group has long-established associations and strategic relationships with a number of well-known international names.

Job Overview:

We are seeking for Lead Commercial Finance Officer to support the sales and operation teams for assigned locations/sectors. He will be responsible for invoicing, sending customer statements, following up on collections, enforcing finance policy, reviewing and submitting documents for approval to Head office.

Policies & Procedures

1. Recommend improvements to departmental policy and support in the implementation of procedures and controls.
2. Ensure proper implementation and control of group policies and procedures.

Commercial Finance

1. Drive business value by offering expert financial and analytical advice to assist in decision-making processes.
2. Perform both contract and customer profitability analysis.
3. Develop sound financial assessments of new contracts to ensure financial risks are properly recognized and addressed.
4. Oversee the operational team’s requirement with the Head office finance team.
5. Oversee the Credit application from customers.
6. Provide insight to the Head office on major orders/projects in terms of risks, progress, and issues.
7. Provide forecast for Sales & Margin for the region, Collections, and update on overdue receivables monthly.
8. Oversee the budgeting process for the region in co-ordination with the regional management including details of backlog & Gross margin by salesman.
9. Oversee the allocated month-end task as per the month-end timetable.
10. Liaising with Head office on a daily basis providing them Ad-hoc support and dealing with requests for information.
11. Oversee key insights to the regional management in budget preparation by providing information related to backlog gross margin.
12. Lead monthly forecast for sales & margin collections with the commercial office at HQ.
13. Co-ordinate with head office team on all treasury-related Letter of credit, Bid Bond, Advance payment guarantee, and other requirements.
14. Lead all new orders and provide support to sales on pricing, costing, and risk evaluation followed by documentary approval from respective authorities.
15. Visit customers for submission of Invoice, account statement, LC draft negotiation, collection of invoices, and develop good personal relationships with customer accounts for collection purposes.
16. Liaise with Head Office and CU teams for demand notices and legal cases for delinquent customers.

Staff Development

1. Identify areas of improvement in his/her subordinates and ensure their continuous growth.
2. Coach and provide formal and informal positive constructive feedback to ensure that work is carried in an efficient manner.
3. Recommend training needs to bridge staff skill gap.

Other Responsibilities

Perform other job-related projects and/or assignments that he/she might be asked to do by his/her direct supervisor/manager for special assistance that are often not mentioned in this job description as they arise under specific circumstances.

Requirements:

• Bachelors’ Degree in Finance / Accounting or equivalent.
• Minimum of 5 - 10 years in related field.
• Fluency in English is required; knowledge of Arabic is a plus.