Financial Reporting & Control Director

Company Overview

Marking a pivotal step in the development of the Saudi airports sector. The company manages and operates airports, including domestic and international airports. The company aims to build an advanced network of airports that supports tourism and enhances services quality and operational efficiency to achieve the Saudi Vision 2030 by developing airports and enhancing the investment opportunities.

Responsibilities

Strategy

• Assist in the implementation of the company’s strategy and ensure that the outcomes of the Financial Control and Reporting Department are aligned with the company’s strategy.
• Contribute to the development of the overall objectives and operational plans of the Financial Control and Reporting Department, including goals, key performance indicators (KPIs), and targets, to ensure integration between the department’s activities, optimal utilization of available capabilities, and achievement of the company’s strategy.
• Propose continuous improvement opportunities for the systems and processes of the Financial Control and Reporting Department in line with global best practices, in addition to improving administrative processes, reducing costs, and increasing productivity.

Budget Management

• Prepare and manage the annual budget for the Accounting Department and monitor its implementation and compliance to achieve the defined plans and objectives.

Stakeholder Management

• Contribute to building and strengthening relationships with external partners, while ensuring the maintenance of internal communication channels with internal stakeholders to achieve the highest levels of coordination and integration.

Operational Responsibilities

• Review financial data and reports for any anomalies to ensure accuracy and compliance.
• Supervise financial reporting and control activities and their review, ensuring adherence to applicable policies and procedures.
• Oversee the preparation of monthly, quarterly, semi-annual, and annual financial statements.
• Manage the consolidation of financial statements for airports into a single set of consolidated financial statements.
• Develop and maintain financial accounting policies and guidelines in compliance with standards.
• Ensure compliance with tax laws and regulations by developing and implementing a tax strategy.
• Follow up on outstanding reconciliation items and monitor bank reconciliation processes to ensure timely preparation.
• Liaise with external auditors during the audit process and guide the issuance of financial statements.
• Establish and maintain a comprehensive register of financial controls, and design financial control strategies and methodologies.
• Submit analyses and audited financial statements to the Board of Directors for review.
• Develop financial policies, processes, and procedures to ensure financial reliability and accuracy.
• Lead the preparation of financial reports and disclosures required for regulatory compliance.
• Deliver presentations on planning assumptions related to profitability and financial targets.
• Maintain and strengthen internal controls over financial reporting to ensure the accuracy and reliability of financial information.
• Review, analyze, and interpret the impact of tax legislation on the company’s tax obligations.
• Ensure the timely and accurate submission of all required tax returns and filings, including VAT and Zakat.
• Manage and support audit and tax inquiry processes, providing the necessary documentation and clarifications.
• Monitor and control the full financial cycle, ensuring the proper operation of core accounting and financial controls.
• Ensure and guide proper accounting documentation, prior reports, statements, and schedules.
• Identify gaps in financial processes and recommend measures and solutions to mitigate risks.
• Lead the development of accounting and reporting policies in line with best practices.

Administrative Responsibilities

Staff Management

• Submit requests related to the availability of required competencies and talents for the Financial Control and Reporting Department.
• Define job objectives, manage team performance, and develop team capabilities to maximize productivity and improve overall performance.
• Direct and motivate teams while providing opportunities for continuous growth and development.
• Apply a flexible approach in assigning tasks to team members, allowing flexibility in allocating them across initiatives and enhancing knowledge sharing within the team.

Policies, Procedures, and Reporting Management

• Prepare and document work policies and procedures for the Financial Control and Reporting Department to ensure efficient and smooth workflow.
• Prepare regular Financial Control and Reporting Department work progress reports (monthly, quarterly, and annually) and share them with relevant stakeholders to assess achievements, obstacles, challenges, required support, and to assist in making informed decisions.
• Meet with the team to follow up on work progress and provide the necessary guidance to address any obstacles encountered during work.

Qualifications and Experience

Academic Qualifications

• Bachelor’s degree in finance, Accounting, Economics, or a related field.

Years of Experience

• 9-13 years of experience.

Language Requirements

• Proficiency in both English and Arabic.