Job description:Job Purpose
Overseeing and managing the financial aspects. Ensuring the accuracy of financial reporting, compliance with regulatory requirements, and the implementation of effective financial policies and procedures.
Key Accountability Areas
Budgetary Control System:
- Manage the accounts, budgets, and financial activities of the different operations divisions in the Company to meet the information needs of the company, government, and statutory bodies.
- Direct and Co-ordinate the planning and preparation of annual and long-term capital and operating budgets of the departments to ensure they are in line with the business plans to optimize the financial resources available and set future course of action.
Costing Inventory:
- Manage functional counterparts in operating units as required, and to operate on matters involving cost determination problems, or issues such as inventory valuation, cost center labor rates and distribution of overhead and service pricing.
- Fixed Asset and Capital Expenditure Analysis:
- Manage the process of maintaining fixed asset records and related depreciation accounts and provide interpretative assistance as to the proper capitalization / expensing of outlays and grouping of fixed assets by class, as well as depreciation methodology.
Forecasting and Profitability Analysis:
- Participate in the development of long-range financial forecasts and related budgets, perform variance analysis to compare budgeted figures to forecasts (profitability analysis) and consider alternative scenarios and economic prospects as appropriate to ensure accurate forecasting is achieved.
- Supervise the preparation of annual financial statements for the Support Services Division and submit it based on accounting standards
Master Data:
- Ensure data collection procedures are implemented to collect data from different departments in timely and efficient manner and all the data is regularly updated in the respective accounts IT system.
Cost Control:
- Monitor the financial performance of a given area of activity versus budgets so that areas of unsatisfactory performance are identified and rectified promptly, and potential performance improvement opportunities are capitalized upon.
Reporting:
- Meet the needs of the Support Services Division for financial reports, accounting data and provide suggestions to facilitate and support decision-making.
- Prepare reports and statistics reflecting charge back, recoveries, deficit, services chargesetc.
- Supervise the deployment of accounting programs based on approved standard procedures.
- Prepare final accounts and the financial status of the support Services Division at the end of the year and prepare reports on results achieved and deviation.
Role Accountability
HR Proficiency:
- Ability to recruit, recognize and cultivate high performers and expose them in order to create a robust second line of management.
- Ability to recognize low performers and guide them to improve or release them.
- Ability to treat subordinates equally without any discrimination.
- Assessment criteria of subordinates is performance that leads to planned results.
- Ensure availability of delegation of authority matrix to have sufficient delegations as per company policy.
Responsibility:
- Must take full responsibility for his operation as per the job description and the required deliverables from this position, taking into consideration the general company guidelines.
- Able to anticipate problems and make the necessary proactive steps to prevent them
- Ability to take necessary and proper timely decisions.
Delivery:
- Deliver the required results in timely manner with required quality and cost.
- Making a Tangible Difference:
- Must make a tangible difference to his area of operation. and exceed business expectations.
Business Planning and Performance:
- Able to transform the corporate goals into business plans.
- Able to Plan, follow-up and execute those plans, whether they are annual or development plans.
- Monitor the plan performance and initiate action to strengthen results and take the corrective action accordingly.
- Provide periodic work progress reports.
- Responsible for monitoring and controlling budgets and expenses to achieve the optimum cost efficiency.
Organizational Development:
- Develop the organizational structure according to the current requirements taking into consideration future and development plans.
- Ensure availability of job descriptions for all job roles and deployment.
Business Process Improvements:
- Develop, coordinate well-defined written systems, policies, procedures, and seek automations opportunities as much as possible.
- Should be conversant and able to navigate through IT solutions especially those relevant to his job and business.
- Promote the automated systems and using them fully, to spread its culture.
Quality:
- Quality is considered as alfanar's prime competitive advantage as such, managers are expected to act accordingly.
Adaptation:
- Adapt to new and alternative techniques, technologies, management structures, and business models.
Health, Safety and Environment:
- Ensure a safe, secure, and legal work environment as per the standard regulations.
Academic Qualification Bachelor Degree in Accounting and FinanceWork Experience 5 to 10 YearsTechnical / Functional Competencies Accounting Theory/ConceptsFinancial AnalysisFinancial ReportingCost ControlProfile description:
Alfanar is a Saudi company with an international presence, primarily engaged in the manufacturing and trading of a wide variety of low, medium, and high voltage electrical products, in addition to its portfolio of conventional and renewable energy solutions, oil and gas, water treatment, infrastructure, technical services, and digital solutions.
The hub of alfanar's manufacturing operations is Medinet alfanar Alsinaiya, a 700,000 square-meter complex located in Riyadh. The complex houses an array of ultra-modern manufacturing facilities and laboratories equipped with state-of-the-art technologies and staffed with highly skilled professionals.
alfanar derives its success from its commitment to providing the highest quality standards to its customers, and the continuous development of its human capital, who alfanar considers its most valuable asset. With this in mind, alfanar promotes a proactive work environment where its employees are always valued, nurtured, and empowered to fuel their pride in being part of alfanar.
For more information about alfanar, please visit alfanar.com
