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  • Job reference: RMS0175319

Financial Controller

  • Sector: Power & Energy
  • Location: Riyadh
  • Job type: Permanent
  • Date posted: 25/01/2017
  • Duration: permanent
  • Time left:
    d h m s
    (22/02/17)
This vacancy has now expired.

The Role:
To lead and direct the financial management; budgeting and control within the company in order to provide appropriate tools, methods, technology and guidance. Continuously enhance the financial, budgeting and cost control efficiency as well as performance reporting in line with the company's financial, budgeting and MIS policies, international standards and local guidelines.

KEY ACCOUNTABILITIES

A) Budgets and Financial Plans
Monitor the financial performance of activities within the Financial Control versus budgets so that areas of unsatisfactory performance are identified and rectified promptly, and potential performance improvement opportunities are capitalised upon

B) Financial Accounting
- Direct the execution of all accounting activities to ensure that all financial transactions in the company are treated in an appropriate manner according to internal and statutory controls and that both management and statutory financial reports and information are made available in an accurate and timely manner and in alignment with the corporate standards.
- Ensure the timely and accurate cost allocation of all transactions / payments to the respective departments, as well as the update and communication of all payments, in order to support the accurate and efficient cost control.
- Ensure all invoices payables are in compliance with the processes and procedures of the company.
- Review the contracts and agreements with vendors and third parties so as to protect the interests of the company and ensure that all invoices and payments comply with the relevant terms and conditions.
- Ensure adherence to tax and zakat laws and regulatory guidance so as the company will be in full compliance with its obligations towards the public authorities.
- Ensure the Fixed Asset Registers are managed in accordance with company policies.

C) Budget Planning & Control
- Own and recommend the company's budget planning and expense control processes in line with international standards as well as local guidelines so that planning and control operations are conducted in a standardized manner.
- Oversee the formulation of expenses control policies and procedures and ensure that the company employees are aware of the same in order to manage their expenses accordingly.
- Oversee the revision and recommendation of the company's budget and monitor financial performance versus the budget in adherence with the company's policies and procedures in order to ensure alignment and provide advice on corrective actions.
- Keep abreast of latest budgeting and cost controlling tools/ methods/ technologies in order to continuously improve and enhance efficiency of the budgeting and cost controlling process.
- Direct the collaboration with procurement to establish tender / bid process in line with established policies and procedures.

D) Performance Monitoring
- Review reports prepared and monitor the performance of the budgeting function in order to address issues or delays as they arise.
- Prepare reports for the department head on the overall performance and the future plans to support on decision making and direction setting.

E) Continuous Improvement
- Motivate subordinates and contribute to the identification of opportunities for continuous improvement of systems, processes, and practices while taking into account international leading practice, improvement of business processes, cost reduction, and productivity improvement.

TYPICAL QUALIFICATIONS AND EXPERIENCE
Qualifications: * Bachelor's degree in Finance or related disciplines
Experience: * 10 years relevant experience in the financial sector
* 5 years' experience in positions of progressively increasing managerial responsibilities.

About Fircroft:
Fircroft has been placing people in specialist technical industries for approaching half a century, focusing on mid to senior level engineers for contract and permanent roles worldwide. By applying for this job you give consent for Fircroft to contact you, via email & telephone, to discuss your application along with future positions and Fircroft's services.

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