Financial Controller

Our client is a manufacturer and distributor of high-quality metering and packaged process systems for the Oil, Gas, Petrochemical, and Power Generation industries, with a presence in the UK and Russia. They are looking for a Financial Controller to join their team in Dubai who will be responsible to control of all financial matters, including overseeing financial operations, risk management & profit generation

Job Purpose:

To develop efficient and effective best practice approaches to financial policies, procedures and processes.

Responsibilities

Financial Management and Reporting:

• Preparation, review, and presentation of monthly management accounts, including variance analysis and KPIs.
• Produce annual accounts and budgets.
• Lead detailed project accounting and analysis, including P&L of projects and variance accounting.
• Develop financial forecasts for production and inventory.
• Implement full production variance accounting.

Strategic Planning and Analysis:

• Take a lead role in developing, implementing, analysing, maintaining, and presenting strategic business and financial plans.
• Monitor, analyse, and report on the impact of price/cost changes within the business.
• Provide financial support for future acquisitions and integrations.
• Commercially assess NPI (New Product Introduction) programmes.

Operations and Systems Oversight:

• Manage product accounting, including cash flow, invoicing, expediting invoice processes, and controlling supplier invoices.
• Coordinate stock audits, adjust stock values, and ensure alignment with accounting systems.
• Work on Sages project accounting module to report against projects and manage stock environment.
• Develop and maintain a standard costing system for manufacturing complexities.

Risk and Compliance:

• Monitor financial risks, including currency exposure, VAT compliance, payroll, and credit control.
• Organise working capital finance, including letters of credit and bonds.
• Manage insurance, tax, auditor liaison, and interactions with other advisors.

Team Leadership:

• Lead the finance function to ensure effective and robust controls and processes.
• Manage and mentor a finance team, ensuring high performance and growth.
• Perform performance management for teams of various sizes.

Support and Liaison:

• Provide financial support for R&D projects, including managing tangible and intangible assets and ensuring correct capitalisation/amortisation.
• Support systems, processes, and reporting developments related to production and inventory.
• Assist with company secretary duties as needed.

Requirements annd Experience:

• Educational and Professional Qualifications: Qualified Accountant, ideally ACA-certified.
• Essential: Experience in a product-based engineering industry, particularly manufacturing and production in Oil and Gas.
• Multi-currency cross-border accounting experience.
• Knowledge of discounted cash flow and assessment of NPV for LOBs.
• Familiarity with R&D tax relief.
• Sage system expertise, particularly analysis, codes, and the project accounting module.

Skills:

• Strong financial and commercial acumen with a vision for future growth.
• Flexible attitude and team-building capabilities.
• Excellent communication skills to engage with senior management and non-financial stakeholders.
• Detail-oriented with the ability to manage complex processes and systems.

Technical Knowledge:

• Good working knowledge of stock accounting, including coordination of stock audits and adjustments.
• Understanding of supplier invoices, purchase orders, and rejections.
• Familiarity with project environment accounting and reporting.

Attributes:

• Strong leadership and performance management skills.
• Commercially driven with a focus on strategic business outcomes.
• A proactive and adaptable approach to work in a dynamic environment.