Overview
Group Financial Controller Jobs in جدة at Al Ghazzawi Group
Job Summary
Works across multiple entities with diverse operations. Manages responsibilities through a team of Finance Managers, Accountants and support staff. The role requires a hands-on approach with specific responsibilities for cash flow management, group accounting and management & statutory reporting. Work according to agreed business reporting and statutory timeframes.
Major Duties and Responsibilities
► Provide excellent leadership and management of Corporate Accounting, measured by the effectiveness, engagement and business units in respect of the team.
► Build productive working relationships with stakeholders in order to understand their business operations, value addition cycle and the financial information needs of end users.
► Manage relationships with others across the Group to achieve alignment in key business strategies and decisions.
► Manage the Group’s cash flows within available facilities, providing appropriate reports to Group CFO.
► Manage the Group’s financial reporting obligations, with responsibility for preparation and lodgment of compliant full year and quarterly consolidated accounts.
► Work closely with Statutory Auditors to finalize the audit and issuing the financials as per the deadlines stipulated by the management.
► Manage the Group’s statutory taxation obligations (including Zakat, VAT, Withholding Tax, Customs duty draw back etc.), with responsibility for preparation and lodgment as per the GAZIT stipulations.
► Collaborate, design, implement and review finance systems, policies and procedures to ensure continuous improvement and contemporary relevant practices.
► Oversee finance systems managing transaction flows from source through interfaces to general ledger.
► Ensure finance ledgers are maintained on a timely basis, are accurate and complete, and structured for the dual purpose of providing relevant information to internal users and meeting statutory obligations.
► Ensure reporting functions and responses to ad hoc requests for financial related information are appropriately delivered.
► Preparation of annual budgets and rolling forecast for holding company entities.
► Competent to make financial projections for 3 to 5 years at time.
► Must be conversant in making the capital investment evaluations (IRR, NPV Payback period etc.)
► Perform the management of accounting function for holding company entities.
► Consolidation of Group accounts as per the IFRS guidelines.
► Able to identify, asses and report to the GCFO, all risks associated with the group of companies.
► Undertake a range of other activities within the Corporate Finance function, in conjunction with other Finance staff, such as maintenance of consolidated key finance activities (e.g. asset financing); governance/internal control activities; business administration or insurance management.
► Address the queries raised by the internal auditors and assist in providing accurate information to them accordingly.
► Additional duties as directed by CFO.
Generic accountabilities – team member
► Build team and individual capability, ensuring personal effectiveness for work in current and future roles.
► Contribute to the effectiveness of the Corporate Accounting team.
► Support team meetings at which progress against KPIs are monitored and discussed.
► Impart required training to department staff in updating their knowledge and skills.
Generic accountabilities – every employee
► Support a safe working environment within your area of responsibility and a ‘safety first’ culture.
► Apply sound time management judgement in relation to prioritizing work and meeting deadlines.
► Ensure compliance with relevant legislation and organizational policies.
Managerial
► Able to manage change and risk.
► Excellent communication skills and the ability to communicate financial issues with non-finance professionals and volunteers.
► Problem solving ability.
► Strong team player.
► Excellent interpersonal skills.
► Good planning and organizational skills.
► Priorities workload and meet strict deadlines.
Competencies
The following competencies must be met and practiced on a continuous basis:
Behavioral
Functional
► Management and statutory accounts preparation
► Consolidation of group accounts.
► Ensure that the IFRS guidelines are followed strictly in the group.
► Zakat, VAT, Withholding Tax, Customs Duty and draw back etc. are followed as per the GAZT regulations, in the group.
► Planning and budgeting.
► Provide financial information service to management.
► Ensure that Statutory Audit is finalized on time and Zakat, Tax returns, withholding tax, Customs duty draw back returns are filed with GAZT on time
Qualifications and Experience
A minimum of:
► Relevant GFC experience in finance and accounting in large group of Real Estate, Retail and Manufacturing Industries in KSA and other Middle East Countries.
► First-hand experience of planning, budgeting, rolling forecast and Financial Analysis
► CA, ACCA, CPA, or equivalent
► Capital Investment Evaluations
► Consolidation of group accounts
► Working experience in computation and filing of Zakat, VAT and Withholding Tax returns as per GZIT regulations.
► In addition to the above, auditing experience in managerial level in “Big 4” auditing firms will be given preference.
Work Location: In person
Title: Group Financial Controller
Company: Al Ghazzawi Group
Location: جدة
