Local Business Unit Controller

Job description / Role

Our client is a pioneering technology leader. They aim to drive efficiency, safety and productivity in utilities, industry, transport and infrastructure globally. They have been at the forefront of innovating industrial equipment and systems. They are currently seeking a Local Business Unit Controller for their office in Riyadh

Duties & Responsibilities:
• In this role you act as a business partner to the relevant business manager.
• Lead local Controlling teams to optimize financial performance within an assigned Division/Business Unit/Product Group/factory/site.
• Support effective business decisions by monitoring, analyzing, and interpreting financial data in order to evaluate various business alternatives and recommend the most appropriate business solutions.
• Supporting the tendering manager by reviewing and advising on financial/commercial aspects.
• Participating in contractual terms and conditions (clients, consortia, subcontractors, suppliers), risk reviews, contract structuring and negotiations, tax issues, cash flow analysis, assignment conditions, etc
• Preparing the Business Financial Execution Plan consistent with internal, contractual and regulatory objectives
• Optimizing project cash flow and manage the currency risk, tax issues, financial reporting, accounting, and project financing requirements
• Promoting commercial awareness in the project team and provides commercial input to the project execution plan
• Responsible for the correctness of project balance sheet and income statement as well as for correct forecast for timing of cash flows
• Supervising on a project basis, Project Accountants, Cost Engineers and Field Administrators - depending on the size of the project.
• Managing Corporate governance, compliance, assurance and internal control. Enforcing of group charter and country specific finance directives and instructions
• Implementing internal control processes to avoid misstatement in Financial Statements
• Internal: Peers, Accounting and Reporting, Finance and Tax, Legal and Compliance, Risk Management, Internal Audit, Marketing & Sales

Requirements

• Master degree in finance or economics, or equivalent
• MBA Finance, M.Com with other Financial Certifications
• Finance and business control expert with process orientation
• Detail-oriented team player with the ability to effectively adhere to strict deadlines
• Good communication and negotiation skills required
• Strong risk management skills
• Working knowledge of finance and accounting software (SAP, ProMis, RR dB)
• 5 - 10 years work experience as certified project analyst recommended
• Completion of Project Controller required training modules
• Fluency in Arabic & English

About the Company

Propel Consult delivers a service in step with the needs of both our client companies and candidates. Our ability to add value to all levels of recruitment stems from our wholehearted belief in providing a professional service to both parties. We have built relationships with many leading indigenous and mulitnational organisations throughout the Middle East and internationally in countries such as UAE, Qatar, Saudi Arabia, Oman, Bahrain, Kuwait, Egypt and many more. Concentrating our resources has created 5 distinct specialist divisions:

• Banking & Finance
• Human Resources
• Oil & Gas
• Construction
• Architecture & Engineering