Qureos

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Financial Controller

Jeddah, Saudi Arabia

Full time
In-person

📊 Financial Planning & Analysis

•Develop financial models to support strategic initiatives, pricing strategies, and operational decisions.

•Prepare monthly, quarterly, and annual financial reports, including profit & loss, balance sheet, and cash flow statements.

•Analyze variances between actual and budgeted figures; identify root causes and provide recommendations.

💼 Budgeting & Forecasting

•Lead the annual budgeting process in coordination with department heads.

•Provide rolling forecasts and update management on business performance and financial outlook.

•Monitor capital and operating expenditures to ensure alignment with approved budgets.

📉 Cost Control & Profitability Analysis

•Analyze production costs, overhead absorption, and cost drivers specific to steel casting operations.

•Identify areas of cost savings and process improvement in procurement, production, and logistics.

•Evaluate product line and customer profitability to support commercial decision-making.

📋 Compliance & Internal Controls

•Ensure financial practices comply with IFRS, local tax laws, and internal policies.

•Monitor internal controls over financial reporting and recommend improvements.

•Support statutory audits and coordinate with external auditors for timely closure.

🏗️ Project & Investment Analysis

•Conduct feasibility studies and ROI analysis for capital projects and new business opportunities.

•Support investment decisions by preparing cash flow models and break-even analysis.

•Evaluate financial risks and mitigation strategies.

🧾 Cash Flow & Working Capital Management

•Monitor daily cash flow and working capital position.

•Liaise with banks for LC handling, funding arrangements, and credit facilities.

•Recommend actions to optimize receivables, payables, and inventory levels.

📌 Qualifications & Requirements:

•Bachelor’s degree in Finance, Accounting, or Economics; CPA, CMA, or MBA preferred.

•5–8 years of relevant experience, ideally in heavy manufacturing or foundry industries.

•Strong knowledge of financial modeling, ERP systems (SAP, Oracle, or similar), and Excel.

•Solid understanding of cost accounting, industrial operations, and project analysis.

•Analytical mindset, attention to detail, and ability to present financial insights clearly.

•Excellent communication skills and ability to work with cross-functional teams.

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