Financial Controller

2 weeks ago


Dammam, Eastern Province, Saudi Arabia Ali Zaid Al Quraishi & Brothers Co. Ltd. Full time

Dammam, Saudi Arabia Finance and Accounting 23 October 2023

Job Description

The Finance Controller is responsible in developing financial well-being of the organization by providing financial projections and accounting services, preparing growth plans and directing staff. He provides both operational and programmatic support to the organization. He supervises the finance unit and is the chief financial spokesperson for the organization. The Finance Controller reports directly to the Group CFO and directly assists the General Manager (GM) on all strategic and tactical matters as they relate to budget management, cost benefit analysis, forecasting needs and the securing of new funding.

Responsibilities & Duties

Recommend improvements to departmental policy and support in the implementation of procedures and controls

Ensure proper implementation and control of group policies and procedures

Establish or recommend to management, major corporate economic strategies, objectives, and policies for company

Prepare reports, which summarize and forecast company business activity and financial position in areas of income, expenses, and earnings based on past, present, and expected operations

Advise management about insurance coverage for protection against property losses and potential liabilities

Provide management with timely reviews of organization's financial status and progress in its various programs and activities

Make all the information & analysis ready for GM to assist him in decision making

Supporting Sales & Logistics in contract negotiations

Supporting sales and all other functions in achieving their business objectives

Lead his team in preparation of guidelines and schedule for budget creation

Prepare financial year budget with the consultations of GM and the Sales Director

Review budget proposals, and prepare necessary supporting documentation and justification

Lead and monitor the processing of payroll, vacation settlement and reimbursements

Direct the retirement/disposal and booking of fixed assets

Review and recommend limits for funds to be allocated to each department.

Determine the priority of the payments, keep in consideration Company's business requirements and the availability of funds

Approve all expenses for all branches to make sure that it is legal, reasonable and in conformity with company policy and in-line with the approved budget

Overall supervision of preparation of all the required documents with the bank to collect L/C value

Overall supervision of the issuance or receipt of bank guarantees to / from customers and follow up until cancelled, and follow up on several bank guarantees until last stage

Monitor and ensure efficient management of the company loans and its repayment

Ensure timely opening of the required letters of credit for external parties (mostly Suppliers)

Understand and mitigate key elements of the company's risk profile

Construct and monitor reliable control systems

Maintain appropriate insurance coverage

Ensure that the company complies with all legal and regulatory requirements

Ensure that record keeping meets the requirements of auditors and government agencies

Report risk issues to the audit committee of the board of directors

Maintain relations with external auditors and investigate their findings and recommendations

Identify areas of improvement in his/her subordinates and ensure their continuous growth

Coach and provide formal and informal positive constructive feedback to ensure that work is carried in an efficient manner

Ensure the implementation and full compliance to Training, communication and awareness programs and procedure.

Communicate timely audit reports and ensure of tracking audit's actions and closure as planned.

Execute projects in alignment with Starlinks QSSE standards and local legislation.

To implement, sustain and participate in the continual improvement of the QSSE Management System (MS) at area of responsibility in accordance to the legislations, Starlinks QSSE management systems and relevant QSSE standards, ensuring proper controls for all hazards and risks

Report incidents related to quality, Safety and Security to QSSE department on timely manner and in accordance with the incident reporting and investigation procedure.

Ensure products recall are conducted in accordance with local regulation and Starlinks QSSE standards.

Recommend training needs to bridge staff skill gap

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

Desired Experience:

10 years of experience.

Education
  • Finance
  • Accounting
Skills
  • GAAP
  • Local Zakat & Tax Regulations
  • ERP System
  • Cash Flow Management
  • Microsoft Office
  • Analytical
  • Interpersonal & Communication
  • Leadership & Navigation
  • Problem Solving
  • Time Management
  • Presentation Skills
  • Attention to Details
  • Developing Comprehensive Financial Reports
Certificates
  • Chartered Institute of Management Accountants
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