Controller, Financial

Role overview

This position is responsible for overseeing the organization’s financial control activities and ensuring strong financial governance across operations. The role focuses on accurate reporting, compliance with applicable regulations, and the development and enforcement of sound financial policies and procedures.

The position is based in Riyadh, Saudi Arabia, and is part of a company with operations across manufacturing, trading, energy, infrastructure, technical services, and digital solutions.

Budgetary control and planning

• Oversee accounts, budgets, and financial activities across the company’s operating divisions to meet the reporting needs of internal stakeholders and statutory bodies.
• Lead the preparation of annual and long-term capital as well as operating budgets, ensuring alignment with business plans and effective use of financial resources.

Costing, inventory, and fixed assets

• Work with operating teams on cost-related matters such as cost determination, inventory valuation, labor rates for cost centers, overhead allocation, and service pricing.
• Manage fixed asset records and depreciation accounts, including guidance on capitalization versus expensing decisions and classification of assets by type.
• Support analysis of capital expenditure and related financial treatment.

Forecasting, analysis, and statements

• Contribute to long-range financial forecasting and budget development.
• Perform variance analysis between budgets and forecasts, assess profitability, and review alternative scenarios and economic conditions to improve forecast accuracy.
• Oversee preparation of annual financial statements for the Support Services Division in line with accounting standards.

Master data, control, and reporting

• Ensure timely collection of data from different departments and maintain accurate updates in the relevant accounting systems.
• Track financial performance against budgets, identify underperformance early, and help drive corrective actions and improvement opportunities.
• Prepare financial reports, statistics, charge-back statements, recoveries, deficits, and service charge information to support decision-making.
• Supervise the implementation of accounting programs according to approved standards and procedures.
• Prepare year-end final accounts and financial status reports, including analysis of results achieved and deviations from plan.

Leadership and managerial accountability

• Take full ownership of the assigned operation and deliver outcomes in line with the role’s responsibilities and company guidelines.
• Anticipate issues early and take proactive steps to prevent them.
• Make timely and appropriate decisions to support business needs.
• Build and develop strong performers, identify underperformance, and act fairly and consistently across the team.
• Ensure that delegation of authority is available and aligned with company policy.
• Translate corporate goals into business plans, monitor execution, and share periodic progress updates.
• Maintain control over budgets and expenses to achieve optimal cost efficiency.
• Develop organizational structures and job descriptions to match current and future business needs.
• Improve business processes through documented policies, procedures, and automation opportunities.
• Use relevant IT solutions effectively and encourage adoption of automated systems.
• Maintain a safe, secure, and compliant work environment.

About the company

alfanar is a Saudi organization with an international footprint, active in manufacturing and trading low, medium, and high voltage electrical products, along with solutions in conventional and renewable energy, oil and gas, water treatment, infrastructure, technical services, and digital services. Its main manufacturing center is Medinet alfanar Alsinaiya in Riyadh, a 700,000 square-meter facility equipped with advanced technologies and staffed by skilled professionals. The company emphasizes quality, employee development, and a supportive work culture that values and empowers its people.

Qualifications and experience

A bachelor’s degree in Accounting, Finance, or a related field is required. The role calls for 6 to 10 years of relevant work experience.

Functional knowledge

The position requires strong capability in accounting principles, financial analysis, financial reporting, and cost control.