Financial Controller - N-5030-0016

Dammam, Saudi Arabia Finance and Accounting 23 October 2023Job DescriptionThe Finance Controller is responsible for developing the 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 & DutiesRecommend 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 the company.Prepare reports that 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 the 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.Support Sales & Logistics in contract negotiations.Support sales and all other functions in achieving their business objectives.Lead his team in the 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, keeping in consideration the Company's business requirements and the availability of funds.Approve all expenses for all branches to ensure that they are legal, reasonable, and in conformity with company policy and in line with the approved budget.Overall supervision of preparation of all 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 the last stage.Monitor and ensure efficient management of the company loans and their 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 out efficiently.Ensure the implementation and full compliance with training, communication, and awareness programs and procedures.Communicate timely audit reports and ensure tracking of audit's actions and closure as planned.Execute projects in alignment with Starlinks QSSE standards and local legislation.Implement, sustain, and participate in the continual improvement of the QSSE Management System (MS) in accordance with the legislation, 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 in a timely manner and in accordance with the incident reporting and investigation procedure.Ensure product recalls are conducted in accordance with local regulations and Starlinks QSSE standards.Recommend training needs to bridge staff skill gaps.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.EducationFinanceAccountingSkillsGAAPLocal Zakat & Tax RegulationsERP SystemCash Flow ManagementMicrosoft OfficeAnalyticalInterpersonal & CommunicationLeadership & NavigationProblem SolvingTime ManagementPresentation SkillsAttention to DetailsDeveloping Comprehensive Financial ReportsCertificatesChartered Institute of Management Accountants

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