Senior Financial Controller

**Role Summary**:
The Senior Financial Controller will serve as a pivotal member of the finance team. This role demands a seasoned professional with extensive expertise in financial principles, regulatory compliance, and strategic planning. Leading a team of financial experts, the Senior Financial Controller will collaborate closely with senior management to ensure the company’s financial health and sustainable growth.

**Business Industry**: Event Production
**Location**: Riyadh, Saudi Arabia
**Reporting Channel**:CFO
**Supervising**: A team of 10 professionals

**Main Duties and Responsibilities**:

- Oversee the preparation of precise and timely financial statements, including balance sheets, income statements, and cash flow statements.
- Conduct thorough financial analysis to identify trends, variances, and improvement opportunities.
- Provide actionable insights and recommendations to senior management based on financial performance and market trends.
- Lead the annual budgeting process, collaborating closely with department heads to establish realistic and attainable financial targets.
- Develop long-term financial forecasts and scenarios to support strategic decision-making and resource allocation.
- Monitor budget performance and implement corrective actions as necessary to achieve financial goals.
- Oversee accounts payable processes, ensuring accurate and timely processing of invoices and payments.
- Implement controls to prevent errors and fraud, and optimize payment terms to enhance cash flow.
- Develop and maintain robust financial policies, procedures, and internal controls to safeguard company assets and ensure compliance with regulatory requirements.
- Coordinate with external auditors to facilitate annual audits and ensure timely resolution of any audit findings.
- Stay updated on changes in accounting standards, tax regulations, and other relevant laws, and implement necessary updates to policies and procedures.
- Manage cash flow and liquidity to support day-to-day operations and strategic initiatives.
- Optimize working capital management strategies to maximize cash efficiency and minimize financial risk.
- Monitor banking relationships and recommend appropriate financing options as needed.
- Identify and assess financial risks facing the company, including market, credit, and operational risks.
- Develop and implement risk mitigation strategies to minimize exposure and safeguard the company’s financial interests.
- Coordinate with internal audit teams to ensure timely completion of audit processes.
- Review audit findings and recommendations, implementing corrective actions as necessary.
- Monitor the effectiveness of internal controls and suggest enhancements to mitigate risks.
- Supervise and mentor a team of financial professionals, offering guidance, support, and opportunities for professional growth.
- Cultivate a collaborative and results-oriented work environment that fosters accountability, innovation, and continuous improvement.

**Qualifications**:

- Bachelor’s degree in accounting, finance, or a related field; Master’s degree preferred.
- Certifications like CMA, CGMA, CFA, CPA, etc. are a must
- Minimum of 15 years of progressive experience in financial management, with at least 10 years in a leadership role.
- Experience within a listed company at **Tadawul** (Saudi Stock Exchange) or within a Big 4 handling the account of a listed company at **Tadawul** is a must.
- Strong technical knowledge of accounting principles, financial reporting standards, and regulatory requirements.
- Proficiency in financial analysis, budgeting, and forecasting techniques.
- Excellent communication and interpersonal skills, with the ability to effectively collaborate with cross-functional teams and communicate complex financial concepts to non-financial stakeholders.
- Advanced proficiency in financial software and systems, with expertise in Microsoft Excel and ERP systems.
- Demonstrated leadership abilities, with a track record of building and motivating high-performing teams.
- Strong analytical and problem-solving skills, with a strategic mindset and the ability to make data-driven decisions.
- Commitment to integrity, ethics, and professionalism in financial management.
- Proficiency in Arabic is a must.