Summary
We are seeking a highly skilled and experienced Financial Controller with strong knowledge of Joint Venture Accounting to join our finance team. The successful candidate will oversee all accounting and financial operations and manage the budget for our joint venture projects. This role requires strong leadership and communication skills, advanced knowledge of accounting principles and financial management. Key to ensure integrity of financial information for effective decision making.
Responsibilities
Key Accountabilities and Responsibilities
- Ensure compliance with all accounting standards and regulations, including GAAP and IFRS
- Manage the budget for joint venture projects, including forecasting, tracking, and reporting on expenses and revenue.
- Coordinate with joint venture partners to ensure accurate and timely reporting and communication of financial information
- Prepare and analyze financial statements, including balance sheets, income statements, and cash flow statements
- Develop and implement financial controls and processes to mitigate risk and ensure accuracy of financial data
- Manage and develop accounting staff, including hiring, training, and performance evaluations
- Collaborate with other departments and stakeholders to provide financial insights and support for business decisions
Strategy Development and Planning
- The Food Sector within NEOM is a fast scaling Food Producing company. The dynamic of a large scale up requires commercially focused person, who is able to manage the fast paced dynamic of a scale up. Yet as Head of Accounting also ensuring proper fact based decision making and integrity of numbers. And where required provide required push back to senior staff.
- Be the key partner for specific multi billion Sar development projects which includes complex partnerships structures to deliver our vision for more sustainable food production.
- Support the CFO Foods in developing the department strategy and related strategic plans
- Monitor and measure implementation of the departmental strategy and related strategic plans to support the development of Foods Sector from financial and accounting perspectives.
Financial Statements and Reports Development
- Our NEOM Global Business Services manages the NEOM Food Sector financial reporting and accounting on our behalf. The CFO needs to sign off monthly results validated and audited by the Head of Accounting. The successful candidate needs to have broad experience to validate Oversee the day-to-day accounting operations, including accounts payable, accounts receivable, general ledger, and financial reporting.
- Develop and implement accounting and financial reporting systems to provide accurate and timely consolidated reports to meet the needs of Foods Sector and NEOM and ensure that accounting and reporting systems are maintained in accordance with IFRS accounting principles and NEOM accounting policies.
- Manage the preparation of periodic financial statements by ensuring the accurate recording of revenues, expenses, investments, provisions, and other transactions, while performing required account reconciliations and monitoring Food Sector performance against business goals including revenue and cash flows.
- Prepare critical financial reports and ad-hoc analysis for relevant stakeholders to ensure reporting accurate and timely information about Food Sector financial position to support decision-making process, governance, and compliance requirements.
Accounting Systems Management
- Manage collection of timely approval and processing of revenues, expenditures, depreciation, amortization and provisions, general ledgers, account maintenance and data entry.
- Manage the execution of central accounts activities in Foods Sector to ensure that all payments, contracts, accruals, and related transactions are timely recorded in accordance with contractual terms and conditions, internal and statutory controls, as well as appropriate international standards.
- Ensure timely and accurate cost allocation of all transactions / payments to the respective departments, to support accurate and efficient cost control.
- Manage the interface with shared services on all accounting, tax, and treasury matters.
- Manage the fixed assets accounting for Foods Sector capitalized and non-capitalized assets to ensure all entries and amortization calculations are performed in a timely and accurate manner and, with the required supporting documentation.
Document Management and Control
- Manage the documentation of all accounting records, reconciliations, and accounting activities to ensure the accuracy and completeness of working papers, closing files, analysis, and results to support controls, findings, and recommendations.
People Management
- Build the team as required by the development of Foods activities and organize and supervise the work of the team to ensure that all work is carried out in an efficient and timely manner, and in accordance with approved operating procedures and policies
- Develop team members by providing leadership, guidance, on the job training and development opportunities, while conducting knowledge sharing to facilitate achievement of team objectives and completion of tasks in an efficient manner consistent with operating procedures, policies, and objectives.
Background, Skills
- Management and reporting or related fields
- Excellent IFRS knowledge, Experience in coordinating internal and external audits
- Experience in Middle East or KSA environment and in coordinating engagements of accounting, and financial advisors
- Commercially focused accountant able to advice and participate at leadership level concerning large investment programs and accompanying partnership structures.
- Ability to design and implement robust accounting processes and control activities
- Excellent organizational, time-management, logical reasoning, and numeric skills
- Strong analytical and problem-solving skills
- Excellent English verbal and written communication skills
- Works effectively on multiple activities, setting priority levels and service delivery standards
- Adapts to short timescales and changing deadlines ensuring high standards are not compromised under pressure
- Solutions based with strong planning, organizational and numerical skills with excellent attention to detail
- Experience in building and managing a strong team in a multi-cultural environment.
- Experience in Food related business
Qualifications
- Bachelor's degree in accounting or finance (Master’s degree preferred)
- CPA or CMA certification required
- Minimum of 15 years of accounting experience, with at least 5 years in a managerial role
- Strong knowledge of accounting principles, standards, and regulations
- Experience in joint venture accounting and budget management
- Excellent leadership and communication skills
- Strong analytical and problem-solving skills