Financial Controller

Scope:

Control, coordinate, consolidate and continually improve financial forecasting, planning and budgetary procedures to produce timely and accurate forecasts, plans and budgets for SATORP. Oversee the development and implementation of financial accounting systems, controls and reporting procedures. To plan, manage and control all aspects of financial management and reporting at SATORP, including accounting, budget, fiscal control and financial systems.

Key Duties, Responsibility & Accountabilities:

1. Develop and define the Finance Department's strategies, policies and procedures to ensure effective role of the Department in managing, controlling and reporting SATORP's financial operations.

2. Establish and implement short and long-range departmental goals, objectives, policies, and operating procedures for the Finance Department. Provide leadership to the Supervisors to help them attain their performance objectives.

3. Oversee the Finance Department's operations, including Accounting Services and Accounting Advisory, and provide guidance to their overall operations.

4. Review and decide on the Finance Department's recruitment needs and ensure that all required manpower is available to meet the Department's requirements and perform the day-to-day work.

5. Coordinate with SATORP Organization Heads to collect financial annual plans and budgets and manage the consolidation into a comprehensive annual financial plan for SATORP.

6. Review the consolidated financial plan to ensure its alignment with SATORP strategic objectives and provide recommendations to Management regarding the same.

7. Monitor and analyze monthly operating results against budget.

8. Develop and implement a financial control framework determining financial accountabilities and authorities to ensure full financial control. Design, review and update the Schedule of Authorities within SATORP.

9. Ensure that financial statements are timely prepared. Ensure compliance with the K.S.A. budgetary reporting requirements.

10. Recommend benchmarks for measuring the financial and operating performance of SATORP as a whole and its individual organizations.

11. Communicate and liaise with the CFO and SATORP Management on a regular basis to review the financial situation within SATORP.

12. Oversee the preparation of SATORP Returns reports and ensure timely submittal of the same to Total.

13. Oversee the preparation of quarterly financial statements and ensure their timely submittal to Saudi Aramco, along with the monthly and yearly forecasts.

14. Coordinate with ICT Department to ensure that SAP and other relevant financial software are up-to-date and functioning properly.

15. Provide assistance to internal auditors when required. Work with external auditors during a Third Party or a Government audit.

16. Monitor progress against planned budgets, review of monthly cost reports, provide recommendations concerning budget changes and modifications and report budget deviations, if above a certain amount, to the CFO budget.

17. Direct and review the preparation of the annual departmental business, operating plans and capital expenditure budget, in alignment with the key functional goals.

18. Oversee the collation, analysis and preparation of requisite data to provide reports for the Solomon benchmarking surveys and the resultant benchmarking analysis reports for JER and its facilities.

19. Develop and improve relevant skills and competencies by obtaining and maintaining appropriate certifications and participating in relevant professional and industry training and events.

20. Ensure the right selection of the Finance Department employees and oversee all relevant training and development programs.

21. Perform other related duties as assigned by the CFO.

Minimum Qualifications:

Bachelor’s degree in accounting, Finance, or equivalent. Preferred MBA / Postgraduate in Finance or equivalent.

Certification (If required):

A recognized accounting designation such as CPA/CIA/CFA/CMA/ACCA is required.

Training or Other requirements:

Minimum 180 hrs. Training in related field, (Leadership Training is required).

Minimum Experience (technical, functional, and/or leadership experience required)

Fifteen (15) years of related experience.

Eight (8) years of experience as Lead Specialist OR Four (4) years’ experience as Accounting Services/Advisory Section Manager OR Six (6) years in supervision roles in related field.

Job Specific Skills:

• Strong knowledge of finance, accounting, budgeting, and cost control principles.
• Strong knowledge of automated financial and accounting reporting systems.
• Strong knowledge of Saudi Arabian Government financial regulations.
• Strong knowledge of financial statements analysis.
• Strong knowledge of short and long-term budgeting and forecasting, rolling budgets, and product-line profitability analysis.
• Strong analytical ability.
• Strong management and leadership Skills.
• Strategic thinking and planning skills.
• Strong Problem solving and decision-making abilities.
• Strong Resource and budget management skills.
• Ability to deliver effective presentations to all levels of Management.
• Strong interpersonal communication skills.
• Strong command of oral and written Arabic and English.