Requisition ID:12365
CityFinance
Group overview:
Headquartered in Riyadh, Saudi Arabia, we operate construction and manufacturing businesses, design & development centers and a host of facilities in the Middle East and other countries.
alfanar is involved in:
- Electrical, Electromechanical and Civil Engineering Construction
- Manufacturing and Marketing Electrical Construction Products
- Allied Engineering Services
Our Main Divisions:
- alfanar electric
- alfanar Construction
- alfanar Building Systems
alfanar electric
alfanar electric is the industrial arm of alfanar, manufacturing a variety of low, medium and high voltage electrical construction products.
alfanar electric operates industries in:
- Riyadh and Jubail, Saudi Arabia
- Dubai, UAE
- London, UK
alfanar has a development and engineering center in Chennai, India.
Industrial Complex, Riyadh
The center of alfanar’s industrial activities is alfanar Industrial Complex situated in the Third Industrial Zone on Al-Kharj Road, Riyadh.
Spread across 700,000 square meters, the Complex houses alfanar’s facilities.
The Complex has a comprehensive infrastructure including a data and communication center as well as a commercial zone.
Job Purpose
Overseeing and managing the financial aspects. Ensuring the accuracy of financial reporting, compliance with regulatory requirements, and the implementation of effective financial policies and procedures.
Key Accountability Areas
Budgetary Control System:
- Manage the accounts, budgets, and financial activities of the different operations divisions in the Company to meet the information needs of the company, government, and statutory bodies.
- Direct and Co-ordinate the planning and preparation of annual and long-term capital and operating budgets of the departments to ensure they are in line with the business plans to optimize the financial resources available and set future course of action.
Costing Inventory:
- Manage functional counterparts in operating units as required, and to operate on matters involving cost determination problems, or issues such as inventory valuation, cost center labor rates and distribution of overhead and service pricing.
- Fixed Asset and Capital Expenditure Analysis:
- Manage the process of maintaining fixed asset records and related depreciation accounts and provide interpretative assistance as to the proper capitalization / expensing of outlays and grouping of fixed assets by class, as well as depreciation methodology.
Forecasting and Profitability Analysis:
- Participate in the development of long-range financial forecasts and related budgets, perform variance analysis to compare budgeted figures to forecasts (profitability analysis) and consider alternative scenarios and economic prospects as appropriate to ensure accurate forecasting is achieved.
- Supervise the preparation of annual financial statements for the Support Services Division and submit it based on accounting standards
Master Data:
- Ensure data collection procedures are implemented to collect data from different departments in timely and efficient manner and all the data is regularly updated in the respective accounts IT system.
Cost Control:
- Monitor the financial performance of a given area of activity versus budgets so that areas of unsatisfactory performance are identified and rectified promptly, and potential performance improvement opportunities are capitalized upon.
Reporting:
- Meet the needs of the Support Services Division for financial reports, accounting data and provide suggestions to facilitate and support decision-making.
- Prepare reports and statistics reflecting charge back, recoveries, deficit, services charges…etc.
- Supervise the deployment of accounting programs based on approved standard procedures.
- Prepare final accounts and the financial status of the support Services Division at the end of the year and prepare reports on results achieved and deviation.
Role Accountability
HR Proficiency:
- Ability to recruit, recognize and cultivate high performers and expose them in order to create a robust second line of management.
- Ability to recognize low performers and guide them to improve or release them.
- Ability to treat subordinates equally without any discrimination.
- Assessment criteria of subordinates is performance that leads to planned results.
- Ensure availability of delegation of authority matrix to have sufficient delegations as per company policy.
Responsibility:
- Must take full responsibility for his operation as per the job description and the required deliverables from this position, taking into consideration the general company guidelines.
- Able to anticipate problems and make the necessary proactive steps to prevent them
- Ability to take necessary and proper timely decisions.
Delivery:
- Deliver the required results in timely manner with required quality and cost.
- Making a Tangible Difference:
- Must make a tangible difference to his area of operation. and exceed business expectations.
Business Planning and Performance:
- Able to transform the corporate goals into business plans.
- Able to Plan, follow-up and execute those plans, whether they are annual or development plans.
- Monitor the plan performance and initiate action to strengthen results and take the corrective action accordingly.
- Provide periodic work progress reports.
- Responsible for monitoring and controlling budgets and expenses to achieve the optimum cost efficiency.
Organizational Development:
- Develop the organizational structure according to the current requirements taking into consideration future and development plans.
- Ensure availability of job descriptions for all job roles and deployment.
Business Process Improvements:
- Develop, coordinate well-defined written systems, policies, procedures, and seek automations opportunities as much as possible.
- Should be conversant and able to navigate through IT solutions especially those relevant to his job and business.
- Promote the automated systems and using them fully, to spread its culture.
Quality:
- Quality is considered as alfanar’s prime competitive advantage as such, managers are expected to act accordingly.
Adaptation:
- Adapt to new and alternative techniques, technologies, management structures, and business models.
Health, Safety and Environment:
- Ensure a safe, secure, and legal work environment as per the standard regulations.
Academic Qualification
Bachelor Degree in Accounting and Finance
Work Experience
5 to 10 Years
Technical / Functional Competencies
Accounting Theory/Concepts
Financial Analysis
Financial Reporting
Cost Control
