Financial Controller

Duties for the Financial Controller will include (but not limited to):

• Oversee all accounting operations and ensure the preparation of accurate financial statements, management reports, and other financial documentation in compliance with applicable KSA regulations and internal policies.
• Lead end-to-end month-end closing, including journals, accruals, prepayments, provisions, and intercompany entries.
• Ensure the accuracy, completeness, and integrity of financial records and balance sheet reconciliations (banks, AR/AP, accruals, advances, fixed assets, deferred revenue, and intercompany).
• Prepare monthly, quarterly, and annual financial reports and provide detailed analysis and insights to support management decision-making.
• Maintain and govern accounting policies, chart of accounts structure, and reporting standards in line with IFRS and group requirements.
• Manage intercompany recharges and transactions, ensure timely reconciliations and eliminations, and support consolidated reporting.
• Partner with leadership to support annual budget preparation and rolling forecasts, ensuring alignment with strategic goals and operational needs.
• Monitor budget implementation and perform variance analysis, identifying and addressing discrepancies, leakage, and operational inefficiencies.
• Establish and enhance internal controls, segregation of duties, and approval governance to safeguard assets, ensure accurate reporting, and maintain audit-quality documentation.
• Manage working capital performance by strengthening AR/AP controls, collections discipline, vendor statement reconciliations, and payment governance.
• Manage cash flow planning and ensure sufficient liquidity to meet operational needs, including oversight of bank reconciliations and cash management activities.
• Coordinate and manage internal and external audits, including PBC schedules, audit queries, and closure of findings with corrective action plans.
• Ensure compliance with relevant KSA accounting standards and applicable tax/VAT/ZATCA requirements where relevant.
• Control event financials including budgets vs actuals, profitability reporting, production cost tracking, post-event reconciliation packs, and accurate cut-off for revenues/costs; ensure correct accounting for artist deposits/advances, contract-based accruals, and settlements.
• Oversee F&B financial controls including POS revenue reconciliations, cash/card settlements matching, discount/void monitoring, inventory and COGS governance (stock counts, movements, wastage, costing), and membership revenue treatment where applicable.
• Strengthen F&B margin performance through tighter menu/recipe costing reviews, pricing vs food cost analysis, and monitoring key cost drivers (wastage, comps, staff meals, supplier price variances).
• Implement and monitor controls around high-end dining and membership lounges, including redemption/benefit tracking, deposits/prepaid packages, and daily sales-to-bank reconciliation discipline.
• Oversee music financials including royalty accounting and reporting, revenue recognition for licensing/sync/distribution income, artist settlements, recoupments/advances tracking, and contract governance with a strong audit trail.
• Support label operations by controlling label P&L (A&R spend, production, marketing, distribution costs), ensuring proper capitalization/expensing rules, and tracking project profitability by release/artist.
• Ensure accurate accounting for label-related revenue streams (recorded music, distribution deals, label services) and maintain reconciliations with DSP statements and distributor reports.
• Lead and mentor the finance and accounting team, driving a culture of continuous improvement, discipline, and professional development, and coordinate effectively with operational stakeholders.

Qualification and Experience:

• Bachelor’s degree in accounting (Master’s degree preferred).
• 10 – 12 years of professional experience in finance and accounting, with strong financial controlling exposure across multi-entity structures.
• Big4 experience (Audit / Advisory) is highly preferred.
• Professional certification such as CMA, CPA, ACCA, or SOCPA is highly desirable.
• Strong industry experience across entertainment, hospitality/F&B, and music-related businesses (royalties/labeling/licensing) is highly preferred.
• Strong knowledge of IFRS, financial reporting, internal controls, and audit management.
• Proficiency in Microsoft Office (advanced Excel) and ERP systems (SAP / Odoo or similar).