NGHC Financial Controller

Job Description

POSITION SUMMARYTo lead the Financial Controller function in NGHC?s Finance Department. To ensure appropriate mechanisms for NGHC?s accounting operations in line with adopted accounting standards, adequate set of controls, accurate financial reporting and a comprehensive set of policies and procedures to guide daily operations as per best industry practices.KEY RESPONSIBILITIESThe primary responsibilities are as follows:Accounting and Reporting

• Lead all aspects of accounting operations to ensure finance and accounting activities are performed in accordance with all applicable rules, regulations, agreements, and commitments and are fully compliant with the applicable International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) as practiced in Saudi Arabia.
• Ensure preparation of periodical financial statements and required shareholders? group reporting on NGHCs financial performance, liquidity and profitability on timely basis.
• Manage the accounting and reporting of construction period capital expenditure followed up by capitalization and business operations with special emphasis on appropriate internal controls, accounting, disclosures and record keeping of assets and inventory registers as per best practices and financial reporting framework.
• Prepare, coordinate and cooperate with finance and other team members including shareholders representatives when required, as well as work in tandem with leadership team and senior management in preparation of business analytics, financial reports,financial planning, budgeting and forecasting and relevant comparisons on regular basis.
• Coordinate required financial and other information to ensure timely reporting to lenders as and when required.

• Prepare when required, maintain and get implementation of approved financial policies, procedures, processes, frameworks and internal controls covering all financial areas of activity to ensure compliance.
• Establish a strong internal control environment to achieve effectiveness and efficiency of operations, reliability of financial reporting and compliance with all applicable laws.
• Ensure all financial activities are carried out in compliance with best practices within the ambit of commercial and business procedures, controls and policies.
• Ensure compliance with financial and other related business convenants under project finance, corporate agreements, and busiess agreements. In this regard coordinate with other departments including, legal, project management and operations.
• Monitor, control and analyse the expenditures in coordination with concerned internal departments to facilitate the business operations and achieve a satisfactory level of financial performance.
• Supervise as well as manage accurate endorsement and approvals of all invoice payment authorisations, payment vouchers, bank payment instructions and other financial documentation for the company in order to facilitate timely processing of payments as per defined policies & procedures.
• Coordinate with zakat and tax team and tax advisors to ensure timely filing of zakat and tax returns (including direct and indirect taxes as applicable) and proper reporting and disclosure in the financial statements. Also actively coordinate with shareholders? tax teams for similar requirements on regular basis. Oversee preparation of periodical tax filings.

• Direct and resolve critical finance and accounting issues with the customer, shareholders, affiliates, auditors and within internal departments.
• Provide financial analysis and business advice to the commercial and project management department on business proposals and evalutions, participate as a team player in the decision making process.
• Produce, coordinate and provide relevant financial information to senior management, leadership team, other department and functions when required and needed on cost, expenses, earnings, forecasts and business decision making.
• Ensure maximum utilization of available ERP system and coordinate with other teams for gaining optimum business efficiencies.
• Coordinate external and internal audit process and implementation of recommendations by internal and external auditors.
• Work with the leadership team and senior management in preparingpapers for board and other committee meetings and to assist in liaison and conduct of the meeting.

• Create sufficient professional development opportunities within the financial controller function.
• Lead performance evaluation of the financial controller function in support with Human Resources.
• Attract, recruit and retain the best finance talent available in the market to develop a strong financial controller function and a solid pipeline for leadership roles.
• when required and assigned.

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