Finance Lead

• Job Title: Finance Lead
• Department: Accounting & Finance
• Reporting To: Finance Manager
• Location: Riyadh

Job Summary:

• Assist Finance Manager in producing P&L, BS, Cash Flow. Developing bottom-up budgets, financial forecasts, Long Range Business Plan, monitoring the budget for variances.
• Oversee the operations of the treasury section, including the design of an organizational structure adequate for achieving the department’s goals and objectives.

RESPONSIBILITIES & DUTIES:

• Preparing and producing P&L, BS, and Cash Flow
• Oversee, manage and evaluate the performance of the Budgeting and Control functions, reporting to the Finance Manager
• Support the development of SRSC’s budgeting and control policies, standards and processes
• Develop SRSC long range business plan
• Develop SRSC financial forecasts based on the strategic and long-range business plan
• Review and design budget templates and forms and secure approval form Corporate Finance Senior Manager
• Supervise the development of a revenue planning process and cost and capital allocation process
• Collect bottom-up budgets from departments, compile and prepare summary reports for reconciliation (actual bottom-up budgets are prepared by the respective departments and Reporting)
• Monitor the budget for variances and escalate major variances to Finance Manager
• Attend financial review meetings with Heads of Departments
• Assist the Top Management and other SRSC departments (when needed) in preparing financial projections and analyses (e.g., cash flow analyses, sales analyses, etc.)
• Enforce financial controlling policies and procedures and liaise with accounting department for consistency in financial reporting
• Identify Budgeting and Control training needs and provide trainings as required
• Prepare and oversee the budget for the Budgeting and Control Section
• Forecast cash flow positions, related borrowing needs, and available funds for investment
• Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements.
• Use hedging to mitigate financial risks related to the interest rates on the company’s borrowings.
• Maintain banking relationships.
• Arrange for equity and debt financing.
• Perform any other duties as determined by the Finance Manager

QUALIFICATION, EXPERIENCE, AND COMPETENCIES:

• Bachelor’s degree in accounting or Finance
• MBA or a master’s degree in Finance would be highly desirable
• Professional financial qualification (e.g., CFA) is highly recommended.
• MBA qualified
• Experience in large project-based organizations.
• Previous experience or knowledge of Kingdom of Saudi Arabia government Direct Commercial Sales (DCS) or United States government Foreign Military Sales (FMS) contracting.
• A minimum of 10 years of experience in financial & accounting management, at least 3 years of which should be in a management level
• Prior experience in accounting within aviation or related industry is preferred.
• Excellent financial analysis skills
• Ability to develop budgeting and forecasting models and variables to support reliable and achievable financial goals
• Strong computer skills
• Strong written and communication skills
• Great understanding of policies, procedures and work methods

To apply, please contact: [email protected]