Financial Controller

Roles and responsibilities

As the Financial Controller, you will manage and oversee the provision of financial support, accounting services and financial reporting in order to ensure compliance with group financial and commercial procedures, controls and policies and provision of timely financial support and documentation as required.

Responsibilities not limited:

• Ensure effective, timely and accurate development of financial statements, monthly reports, and local and statutory reports that are appropriate for the users and in accordance with generally accepted accounting principles (GAAP) and IFRS requirements.
• Supervise the financial support provided to management and operations team on P&L analysis, revenue and cost forecasting and review of costs and expenses in order to ensure adequate analysis and support services are provided when required.
• Monitor and contribute to the management of receivables, fleet, and insurance renewals in order to ensure these financial administrative activities are completed timely and in compliance with the financial policies and procedures.
• Manage and verify the Fixed Asset and inventory registry as per Masdar regulations for use in assessing total inventory value and calculating depreciation.
• Monitor, control and analyse the expenditures in coordination with concerned internal departmentsto facilitate the business operations and achieve a satisfactory level of financial performance.
• Review and oversee the development of all supporting information/ documentation require for the annual audit with internal auditors and approved external auditors, in order to ensure timely provision of relevant information which will support in the audit process.
  

Qualifications

Preferred Qualifications:

• Bachelor’s degree in relevant subject (business administration, finance, economics).
• Qualified accountant CA, ACCA or similar.
  

Preferred Experience:

• At least 8 years of experience in financial management, accounting or audit in major infrastructure projects, construction companies or big 4 accounting firms.
• Experience in project finance is an added advantage.

Desired candidate profile

Financial Management and Reporting

• Financial Reporting: Oversee the preparation of financial statements, ensuring they are accurate, complete, and compliant with accounting standards and regulations (e.g., GAAP, IFRS). Ensure monthly, quarterly, and annual reports are delivered on time.
• Financial Analysis: Provide analysis of financial performance, including variances from budget, trends, and potential financial risks or opportunities. Use financial data to provide insights and recommendations to senior management.
• Budgeting and Forecasting: Lead the budgeting and forecasting process, working closely with department heads to prepare detailed budgets and forecasts. Monitor performance against budget and provide proactive recommendations for course correction if needed.

Internal Controls and Compliance

• Internal Controls: Develop and implement financial controls to safeguard the organization’s assets and ensure accurate financial reporting. Conduct regular audits to ensure compliance with internal policies and procedures.
• Compliance: Ensure compliance with tax laws, accounting standards, and regulatory requirements. Oversee the preparation and submission of tax filings, audits, and reports.
• Risk Management: Identify financial risks and develop strategies to mitigate them. Work with other departments to assess and address financial risks within business operations.

Cash Flow Management

• Cash Flow Forecasting: Oversee cash flow management to ensure the organization maintains sufficient liquidity to meet its obligations and capitalize on growth opportunities.
• Working Capital Management: Manage working capital to ensure effective utilization of resources, minimize costs, and optimize cash flow.
• Treasury Management: Oversee the company’s treasury operations, including managing relationships with banks, financial institutions, and investment managers.

Team Leadership and Development

• Team Management: Lead and manage the finance and accounting team, including accountants, financial analysts, and other staff. Provide direction, mentorship, and professional development opportunities.
• Performance Monitoring: Set performance goals for team members and conduct regular performance reviews. Ensure the team is aligned with organizational goals and financial best practices.
• Collaboration: Work closely with other departments, such as operations, sales, and HR, to ensure financial information is accurately integrated into all aspects of the business.

Strategic Financial Guidance

• Financial Strategy: Provide strategic financial advice to the executive team, assisting in long-term planning and decision-making processes. Analyze business opportunities, mergers and acquisitions, and capital investments to support strategic objectives.
• Cost Management: Implement cost control measures and identify areas for financial efficiency. Monitor costs and help drive initiatives for cost reduction without compromising quality or growth potential.
• Financial Planning and Analysis (FP&A): Provide detailed financial forecasts and analysis for various departments, helping them make informed decisions on resource allocation and investment.