The Head of Finance of the Company has primary responsibility for the planning, implementation, managing and running of all the finance activities, including business planning, budgeting, forecasting and negotiations.
Key Responsibilities
➢ Managing the financial systems, practices, and people, ensuring financial reporting and information is timely, accurate, complete, and compliant with relevant accounting and taxation principles.
➢ Managing the Finance team across the Company, ensuring all businesses and statutory accounting, tax, reporting, budgeting, and payroll activities are completed accurately and on timely basis.
➢ Preparation and review of financials, reports and KPIs Monthly, Quarterly, and annually,
➢ Providing financial advice and support for terms with customers, Pricing of products, Customer Contracts, Cost reduction initiatives etc.
➢ Monitoring and Advising finance team for their day-to-day activities (posting of entering, reconciliations etc.),
➢ Reports financial status by developing forecasts, reporting results, analyzing variances, and developing improvements.
➢ Monitors financial performance by measuring and analyzing results, initiating corrective actions, and minimizing the impact of variances.
➢ Compliance as per local tax and local law and regulation and financial reporting standards i.e., IFRS/IASs.
➢ Monitoring the activities of budget preparation, budget control and performance management and measurement across the Company,
➢ Working Capital Management which including AR, AP, Inventories and Cash and bank.
➢ Communication both internally with departments, employees and Chairman and externally with vendor, bank and customers.
➢ Co-ordination and communication with internal and external audit departments regarding the audited financial statements.
➢ Monitor and analyse risks to the business and recommend mitigating actions.
➢ Monitoring and recording financial results of associates and subsidiary companies,
➢ Overseeing the cost of production activities, preparing actual versus budget analysis and providing appropriate information to executive management for decisions.
Qualified Accountant or equivalent post graduate qualification.
➢ Minimum 15 years of experience with atleast 10 years of experience at the same position.
➢ Excellent numeracy skills, Analytical skills, Positive leadership, Team-builder, Commercial awareness
➢ Well-developed oral and written communication skills are a must. Ideal candidate must be self-directed. Strong interpersonal and team building skills.
➢ Previous experience in a similar position in a manufacturing environment.
Strong technical and analytical skills,
➢ Thorough knowledge of accounting practices,
➢ Understanding of Accounting Standards (IFRS / IAS)
➢ Strong knowledge of Saudi Tax & Zakat laws
➢ Strong communication skills