Financial Controller

Financial Controller - N-5030-0016

, Finance and Accounting 17 January 2024

Job Description

The Finance Controller is responsible in developing financial well-being of the organization by providing financial projections and accounting services, preparing growth plans and directing staff. He provides both operational and programmatic support to the organization. He supervises the finance unit and is the chief financial spokesperson for the organization. The Finance Controller reports directly to the Group CFO and directly assists the General Manager (GM) on all strategic and tactical matters as they relate to budget management, cost benefit analysis, forecasting needs and the securing of new funding.

Responsibilities & Duties

• Recommend improvements to departmental policy and support in the implementation of procedures and controls

• Ensure proper implementation and control of group policies and procedures

•  Establish or recommend to management, major corporate economic strategies, objectives, and policies for company

•  Prepare reports, which summarize and forecast company business activity and financial position in areas of income, expenses, and earnings based on past, present, and expected operations

• Advise management about insurance coverage for protection against property losses and potential liabilities

• Provide management with timely reviews of organization’s financial status and progress in its various programs and activities

• Make all the information & analysis ready for GM to assist him in decision making

• Supporting Sales & Logistics in contract negotiations

• Supporting sales and all other functions in achieving their business objectives

•  Lead his team in preparation of guidelines and schedule for budget creation

•  Prepare financial year budget with the consultations of GM and the Sales Director

• Review budget proposals, and prepare necessary supporting documentation and justification

• Lead and monitor the processing of payroll, vacation settlement and reimbursements

• Direct the retirement/disposal and booking of fixed assets

• Review and recommend limits for funds to be allocated to each department.

• Determine the priority of the payments, keep in consideration Company’s business requirements and the availability of funds

• Approve all expenses for all branches to make sure that it is legal, reasonable and in conformity with company policy and in-line with the approved budget

• Overall supervision of preparation of all the required documents with the bank to collect L/C value

•  Overall supervision of the issuance or receipt of bank guarantees to / from customers and follow up until cancelled, and follow up on several bank guarantees until last stage

•  Monitor and ensure efficient management of the company loans and its repayment

• Ensure timely opening of the required letters of credit for external parties (mostly Suppliers)

•  Understand and mitigate key elements of the company’s risk profile

• Construct and monitor reliable control systems

•  Maintain appropriate insurance coverage

•  Ensure that the company complies with all legal and regulatory requirements

• Ensure that record keeping meets the requirements of auditors and government agencies

• Report risk issues to the audit committee of the board of directors

• Maintain relations with external auditors and investigate their findings and recommendations

•  Identify areas of improvement in his/her subordinates and ensure their continuous growth

• Coach and provide formal and informal positive constructive feedback to ensure that work is carried in an efficient manner

• Ensure the implementation and full compliance to Training, communication and awareness programs and procedure.

• Communicate timely audit reports and ensure of tracking audit’s actions and closure as planned.

• Execute projects in alignment with Starlinks QSSE standards and local legislation.

• To implement, sustain and participate in the continual improvement of the QSSE Management System (MS) at area of responsibility in accordance to the legislations, Starlinks QSSE management systems and relevant QSSE standards, ensuring proper controls for all hazards and risks 

• Report incidents related to quality, Safety and Security to QSSE department on timely manner and in accordance with the incident reporting and investigation procedure.

• Ensure products recall are conducted in accordance with local regulation and Starlinks QSSE standards.

• Recommend training needs to bridge staff skill gap

• Perform other job-related projects and/or assignments that he/she might be asked to do by his/her direct supervisor/manager for special assistance that are often not mentioned in this job description as they arise under specific circumstances

 

Desired Experience:

​​​​​​​10 years of experience.