Financial Controller

2 weeks ago

Riyadh, Saudi Arabia Arab Petroleum Investments Corporation Full time

**JOB PURPOSE**
- 1. Ensure the soundness and integrity of TAEF's financial statements by formulating and implementing effective accounting and auditing policies and procedures in line with the various international accounting standards and regulatory requirements.
2. Oversee the preparation of the financial statements and periodic reports are accurate and of high quality.
- 3. Provide value-added information that supports decision making by the Executive Management and the Board of Directors.

**DUTIES & RESPONSIBILITIES**

**1.** **Operational & Strategic Planning**

1.1. Contribute to the development and implementation of actionable objectives, planning processes, budgets and operational KPIs for the sub-unit.

1.2. Oversee the sub-unit’s on-going transactions and quality of its output and services, identify and initiate proposals/actions for further improvements and innovations.

1.3. Oversee the Information Technology (e.g., T24 and Oracle) enhancements as they relate to accounting and reporting and technically lead the integration of the sub-units policies, procedures and work flow into the applicable systems.

1.4. Ensure that the services of the accounting and reporting sub-unit meet the expectations of internal and external stakeholders.

**1.5.** Contribute to innovation and the institutionalization of new initiatives in the Department.

**2.** **Account Management**
- 2.1. Oversee implementation of operational procedures to meet accounting, reporting and disclosure requirements of international accounting standards.
2.2. Maintain complete and accurate accounts for TAEF, including assets, liabilities, revenues and expenditures, and review all financial transactions.
2.3. Manage the Chart of Accounts of TAEF.
2.4. Review income accruals of investments, corporate finance and treasury assets as well as funding liabilities.
2.5. Facilitate periodic internal audits.
2.6. Manage monthly/quarterly and yearly closing of books of accounts and prepare financial statements.
2.7. Participate in analyzing and formulating measures to mitigate effects of abnormal shocks and market conditions.
- **3.** **Financial Statements and Analysis**

3.1. Prepare and review the financial statements for TAEF and calculate key financial ratios.

3.2. Analyze in detail the sources of revenues, cost allocations, financial ratios, competitive trends relating to TAEF's financial position and offering recommendations that increase the preservation and enhancement of the financial strength of the Corporation.

3.3. Assess the drivers of growth in the future and calculate the growth factor for different line items in the financial statements.

3.4. Lead technical research and analysis on relevant areas such as the impact of IFRS changes.

3.5. Lead the provisioning and impairment calculations, in coordination with the concerned business unit, in accordance with the related accounting policy.

3.6. Manage interactions with external auditors and other parties relating to the financial statements.

***

**4.** **Policies and Procedures**
- 4.1. Review existing policies and procedures and recommend changes to benchmark them with international practices and standards.
4.2. Lead the formulation/update of the Accounting Manual and related policies, guidelines and procedures for TAEF on accounting and reporting.
4.3. Provide technical guidance on the interpretation of policies and procedures, relevant IFRS pronouncements and prudential/legislative regulations.
4.4. Interpret complex disclosure requirements as per the latest standards to ensure conformance with the necessary audit requirements while preparing the financial statements.
4.5. Ensure strict compliance of policies and procedures with regards to accounting and reporting.
4.6. Periodically review the internal control mechanisms and corporate governance guidelines and recommend improvements in order to properly safeguard the assets and manage the liabilities.**5.** **Reporting and Communications**
- 5.1. Oversee generation of reports that relate to the financial position and performance of the Corporation to the Executive Management and the Board of Directors.
- 5.2. Provide financial information, analysis, and documentation of the Corporation’s financial position and performance as part of the rating exercise, funding activities, and the Annual Report.

5.3. Prepare cut-off financial statements and facilitate the release of the relevant letters for the funding activities of TAEF as well as liaise with external auditors, investment banks, and lawyers.

5.4. Oversee and manage the preparation of periodic and ad-hoc reports as requested by the Executive Management.

5.5. Maintain productive and effective working relationship within APICORP and with external partners.

**Skills**:
**QUALIFICATIONS & SKILLS**

Dimension

Job Requirements (Essential Level)

Job Requirements (Desired Level)

Academic Qualifications and Background
- Bachelor's degree in Accounting/ Finance

  • Financial Controller

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Professional Recruitment Full time

    strategic roles: Participate in the formulation of the Agency's strategy Participate in defining the department's strategic goals and performance indicators, work to follow up on achieving them, and make recommendations to take corrective action Contribute to the implementation of the Finance and Accounts Agency's strategy Participate in setting goals and...

  • Financial Controller

    2 weeks ago

    Riyadh, Saudi Arabia Araamis consulting Full time

    Job description - Conduct periodic inter segment comparative analysis of cost, efficiency and other KPIs as per plan of the Controlling Department. - Assist in conducting benchmarking review of various functions of the company through identifying metrics, balanced score card method and quantifiable and qualitative measures. - Help to implement approved...

  • Financial Controller

    4 weeks ago

    Riyadh, Saudi Arabia Erth Full time

    **MISSION STATEMENT** Oversee company's financial reports including balance sheets and income statements as well as assist in audits and monitoring internal controls to ensure 100% compliance. **MAIN ACCOUNTABILITIES** - Manage finance team performance and activities. - Manage all accounting operations including Billing, A/R, A/P, GL control, Cost...

  • Financial Controller

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Future Careers Middle East Full time

    On behalf of a Fortune 500 client, we are seeking a Finance Controller for their Riyadh headquarters.You will be responsible for overseeing all aspects of the finance department, including financial reporting, budgeting, and auditing Oversees all aspects of the finance department, including financial reporting, budgeting, and auditing.Ensures compliance with...

  • Financial Controller

    4 weeks ago

    Riyadh, Saudi Arabia Masimo Full time

    **Job Summary**: The controller’s responsibilities include maintaining the general ledger, performing account reconciliations, preparing financial reports, coordinate statutory Audits and Tax filing. This position also participates in other related accounting and reporting projects. The Controller provides a daily support to Masimo Saudi Arabia’s...

  • Financial Controller

    7 days ago

    Riyadh, Saudi Arabia Grundfos Holding AS Full time

    Application Deadline: - Workplace: Hybrid Position- Location: Riyadh, SA, 11554- Contract Type: Full-Time- Working Hours: 40- Employment Type: Regular**Sr Financial Controller, Riyadh, Saudi Arabia**, Hybrid** **What is the job about?** The Senior Financial Controller contributes to the Finance organization with a high degree of financial/accounting/system...

  • Financial Controller

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Bespoke Professionals Full time

    A Financial Controller is required to manage all aspects of internal finance including: budgeting and forecasting; management reporting; tax management; annual audits and tax return filing; working capital; cash management; accounts payable and payroll working closely with the Financial Controller, Middle East, General Manager and partners. Reporting to the...

  • Financial Controller

    1 week ago

    Riyadh, Saudi Arabia Madareem hotel Full time

    Our hotel management is excited to announce a vacant job opportunity for an innovative and committed financial professional. We are seeking an outstanding Financial Controller to join our Financial Management team. **Key Responsibilities**: - Prepare and monitor monthly budgets and financial reports. - Monitor and analyze expenditures, ensuring compliance...

  • Financial Controller

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Erth Full time

    MISSION STATEMENTOversee company's financial reports including balance sheets and income statements as well as assist in audits and monitoring internal controls to ensure 100% compliance.MAIN ACCOUNTABILITIES Manage finance team performance and activities. Manage all accounting operations including Billing, A/R, A/P, GL control, Cost Accounting, Inventory...

  • Financial Controller

    4 weeks ago

    Riyadh, Saudi Arabia Mindfield Resources Full time

    **Job Description**: Our Client: Our client, is a large conglomerate with diversified portfolios based in Riyadh. Your Role: We are looking for an extraordinary Group Financial Controller to join a magnificent group and support the Group CFO for the journey ahead. Your main responsibilities would revolve around: You would come armed with a stronghold on...

  • Financial Controller

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Madareem hotel Full time

    Our hotel management is excited to announce a vacant job opportunity for an innovative and committed financial professional. We are seeking an outstanding Financial Controller to join our Financial Management team.Key Responsibilities: Prepare and monitor monthly budgets and financial reports. Monitor and analyze expenditures, ensuring compliance with the...

  • Financial Controller

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Masimo Full time

    Job Summary:The controller's responsibilities include maintaining the general ledger, performing account reconciliations, preparing financial reports, coordinate statutory Audits and Tax filing.This position also participates in other related accounting and reporting projects. The Controller provides a daily support to Masimo Saudi Arabia's Management and to...

  • Financial Controller

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Grundfos Holding AS Full time

    Application Deadline: Workplace: Hybrid Position Location: Riyadh, SA,Contract Type: Full-Time- Working Hours: 40- Employment Type: RegularSr Financial Controller, Riyadh, Saudi Arabia, Hybrid**What is the job about?The Senior Financial Controller contributes to the Finance organization with a high degree of financial/accounting/system insight. The Senior...

  • Manager of Financial Control

    4 weeks ago

    Riyadh, Saudi Arabia King Abdullah bin Abdulaziz University Hospital Full time

    **Job Purpose**: **Organize and supervise the procedures of financial control to ensure the completeness and accuracy of all financial transactions and their compliance with regulations and authorities and ensure following financial standards and hospital’s financial policies and procedures.** **Key Accountabilities & Responsibilities**: - Develop the...

  • Financial Controller

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Mindfield Resources Full time

    Job Description:Our Client: Our client, is a large conglomerate with diversified portfolios based in Riyadh.Your Role:We are looking for an extraordinary Group Financial Controller to join a magnificent group and support the Group CFO for the journey ahead.Your main responsibilities would revolve around: You would come armed with a stronghold on IFRS,...

  • Manager of Financial Control

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia King Abdullah bin Abdulaziz University Hospital Full time

    Job Purpose:Organize and supervise the procedures of financial control to ensure the completeness and accuracy of all financial transactions and their compliance with regulations and authorities and ensure following financial standards and hospital's financial policies and procedures.Key Accountabilities & Responsibilities: Develop the financial control...

  • Financial Controller

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Parsons Full time

    POSITION OVERVIEW:Develops sound, practical solutions to a wide range of accounting, financial, tax problems where guidelines are well-defined or to problems in one functional area where guidelines are less defined.Assignments require continual use of discretion, resourcefulness, and independent judgment to resolve complex problems.Competence in providing...

  • Financial Controller

    5 days ago

    Riyadh, Saudi Arabia Marriott International, Inc Full time

    **Job Number** 24039896 **Job Category** Finance & Accounting **Location** Four Points by Sheraton King Abdul Aziz Road, One Marriott Drive, Riyadh, Saudi Arabia, Saudi Arabia VIEW ON MAP **Schedule** Full-Time **Located Remotely?** N **Relocation?** N **Position Type** Management **JOB SUMMARY** Functions as the property’s strategic financial...

  • Financial Controlling Lead

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Saudi Post and Logistics Full time

    Define the financial controls and governance framework taking into consideration industry best practices, financial risk management procedures etc. Enable financial information sharing and communication and reporting standards with the business units in a timely manner. Conduct advisory financial control & monitoring mechanism, and recommend systems for...

  • Financial Controller

    4 weeks ago

    Riyadh, Saudi Arabia Bunge Full time

    Location : Riyadh City : Riyadh State : Ar Riyāḍ (SA-01) Country : Saudi Arabia (SA) Requisition Number : 34468 This role offers a strategic opportunity to contribute to the financial integrity and compliance of a leading global organization. If you have a strong background in finance and are looking for a challenging role with significant impact, we...