Job description:
Job Purpose
Responsible for overseeing financial planning, analysis, and management within a specific division, ensuring alignment with the organization's overall financial strategy. Involves providing financial insights, budgeting, forecasting, and resource allocation guidance to support strategic decision-making and operational efficiency within the division.
Key Accountability Areas
Strategic Financial Planning:
- Develop financial strategies that support business growth and sustainability.
- Lead budgeting, forecasting, and long-term financial planning processes.
Performance & Profitability Management:
- Monitor key financial metrics and business performance.
- Analyze variances and recommend actions to improve margins and cost efficiency.
Decision Support & Business Analysis:
- Provide financial insights for pricing, investments, and operational decisions.
- Build business cases and conduct scenario modeling to guide strategic choices.
Cost Control & Resource Optimization:
- Identify and implement cost-saving initiatives.
- Ensure optimal allocation of financial resources across business units.
Governance, Risk & Compliance:
- Maintain strong internal controls and ensure regulatory compliance.
- Coordinate with audit, tax, and legal teams to manage financial risks.
Reporting & Financial Insights:
- Deliver accurate and timely financial reports to leadership.
- Translate complex data into clear, actionable insights for decision-makers.
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 QualificationBachelor Degree in Accounting and Finance or Any relevant field Work Experience6 to 10 Years Technical / Functional CompetenciesAccounting Best Practices Accounting Methods Accounting Principles Accounting Rules/Guidelines Accounting Systems Accounting Theory/Concepts Financial Analysis Financial Forecasting Financial Modeling Financial Planning Financial Reporting Financial Statement Preparation Mergers and Acquisitions
Profile 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
