Financial Controller Specialist

3 days ago


Jeddah, Makkah Province, Saudi Arabia Saudi Petroleum Services Polytechnic Full time

As a key member of our team at Saudi Petroleum Services Polytechnic, the Financial Controller will play a pivotal role in managing accounting and finance functions.

This includes providing support to the Department Head and collaborating with the Finance team on strategic initiatives and projects. The ideal candidate will develop and implement accounting policies, programs, and systems to effectively manage the company's financial assets and provide accurate financial information and records for informed decision-making.

  • The successful candidate will possess an in-depth understanding of real estate industry standards, laws, and regulations, including RETT applicable in the Kingdom of Saudi Arabia.
  • They will also be knowledgeable about various types of real estate investments and developments, such as residential properties, office buildings, shopping centers, and industrial properties.
  • The Financial Controller will conduct detailed financial analysis of real estate projects, including ROI, NPV, IRR, and other key financial metrics.
  • They will partner with the operation by assessing potential real estate investment opportunities, supporting/performing due diligence, and financial modeling to inform decision-making.
  • The position involves directing the implementation of accounting policies and systems that align with the company's long-term business requirements based on its strategies to minimize expenses and increase revenues.
  • The Financial Controller will analyze and evaluate revenues, liabilities, credit conditions, and other financial indicators to forecast the company's short, medium, and long-term cash flow position and recommend investments, funding sources, and other financial instruments to meet cash flow needs.
  • Responsibilities include analyzing, reviewing, and reconciling reports comprising auditor and financial analysis reports, profit and loss statements, balance sheets, and regulatory reports, and preparing consolidated monthly financial reports.
  • The Financial Controller will review annual budgets, including capital expenditures, through assessments of project feasibilities before investments are made to safeguard the company's finances.
  • Key responsibilities include insurance management, finalizing accounts with external auditors, performing regular communication and coordination with other departments, evaluating and discussing the performance of the accounts and finance associates, recommending needed training, and leading and training the finance team on system usage.
  • The position requires regular analysis of business performance measurement parameters/criteria against budget for review of FD & MD, recommending actions if required to improve the situation.


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