Financial Controller

Argyll Scott

Saudi Arabia

Ref: QP183-287

Job description / Role

Employment: Full Time

Financial Controller - Saudi Arabia

The Financial Controller reports to the CFO and contributes to the overall success of the organization by effectively managing all financial tasks, overseeing budgeting and accounting.

Primary Duties and Responsibilities

The Financial Controller performs a wide range of duties including the following:

Financial accounting and reporting
- Develop and maintain timely and accurate financial statements and reports that are appropriate for the users and in accordance with generally accepted accounting principles (GAAP).
- Implement, and ensure compliance with internal financial and accounting policies and procedures.
- Ensure that all statutory requirements of the organization are met including, Zakat, Income Tax, Withholding tax, VAT etc.
- Prepare all supporting information for the annual audit with the approved external auditor.
- Dealing with Internal auditors
- Develop and maintain financial accounting systems for cash management, accounts payable, accounts receivable, credit control, and petty cash.
- Document and maintain complete and accurate supporting information for all financial transactions.
- Ensure regular reconciliation of banks, Suppliers and Monthly GL Reconciliations, and manage cash flow.
- Prepare and update monthly results and implement monthly variance reporting as compared to budget.
- Manage the cash flow and prepare cash flow forecasts in accordance with policy.
- Manage the bookkeeping function, using the Microsoft Dynamics Package, including maintenance of the general ledger, accounts payable, accounts receivable and payroll.
- Develop and implement policies and procedures as required to ensure that personnel and financial information is secure.
- Assist the CFO and CEO and COO with financial reporting as required at Board meetings and the Annual General Meetings and provide advice to support the decision making process.

Budget preparation
- Using the "Zero-Based" approach for budgeting, prepare the annual budget in consultation with the CFO and Treasurer and/or Finance Committee.
- Assist staff with the preparation of budgets for funding projects.
- Preparing reports on budgets Vs actuals on regular intervals

Project management (activity centers) accounting
- Provide accurate and timely reporting on the financial activity of individual projects.
- Regular communication with project managers on financial issues.
- Ensuring projects cost reports are published every month regularly

Banking
- Dealing with Local Saudi banks for Financing and facilities and Liaison for documentary credits, LC, bank guarantees etc.

Cash flows and forecasting
- Preparing updates on cash flow forecasts in coordination with project managers and in alignment with budgets in order to identify cash flow shortfalls well in time.
- Doing report on cash flow forecast Vs actuals and identify the deviations

Team management
- Handling team of Accountants and Chief accountant etc in multicultural environment

Requirements

Education
- University degree or college diploma in Accounting, Commerce, or Business Management/Administration.
- Professional designation would be a benefit but not essential.

Knowledge, skills and abilities
- Knowledge of IFRS, SOCPA for accounting and internal control principles.
- Knowledge of KSA and legislation affecting Business.
- Strong analytical, problem solving and decision making skills to evaluate alternatives and provide recommendations on business issues.
- Well-developed written and oral communications skills.
- Ability to work in a multicultural team environment.

Proficiency in the use of computer programs for:
- Accounting (Microsoft Dynamics AX2012) or any other Major ERP system
- Word processing (MS Office)
- Spreadsheets (MS Office), expert level

About the Company

We recruit the very best talent for middle management positions across a range of functions and sectors. Think you've heard all that before? Read on.

We're here to make recruitment better. Better for our clients, our candidates and our own recruitment professionals.

We build relationships, not databases, and add real value that helps organisations and individuals grow. We are a team of functional and sector specialists delivering a genuinely consultative service that is underpinned by the depth of both our market knowledge and the client & candidate networks we have built.

Our clients love it. And as a result, we are one of the fastest-growing professional recruitment groups on the planet. Whether you're hiring or changing jobs yourself, you can't afford to get it wrong.

Argyll Scott will ensure you get it right.

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Financial Controller salaries in Saudi Arabia

Average monthly compensation
SAR 28,500

Breakdown available for industries, cities and years of experience