Job title: Finance Controller
Job type: Permanent
Location: Riyadh

Job Description

Finance Controller

RESPONSIBILITIES

1. Accounting & Tax Compliance

  • Ensure full compliance with all applicable local legislation, food industry regulations, statutory accounting standards, tax laws, and internal company policies.
  • Maintain accurate, transparent, and complete accounting records, including appropriate accruals and deferrals related to inventory, production, and distribution activities.
  • Ensure timely preparation and submission of accurate financial reports to management, stakeholders, and regulatory authorities.
  • Oversee effective tax management in collaboration with tax specialists, ensuring compliance with VAT, excise duties, import/export regulations, and food-sector taxation requirements.
  • Monitor changes in tax and food industry legislation, assess business impact proactively, and ensure efficient handling of all tax-related matters.

2. Internal Controls & Governance

  • Ensure compliance with corporate governance standards and internal financial control guidelines.
  • Develop and implement local finance policies and procedures that support ethical conduct, operational efficiency, and fair business practices.
  • Establish and continuously improve an effective Internal Control System to minimize risks related to errors, inventory loss, fraud, or operational inefficiencies.
  • Ensure segregation of duties and adherence to the “four-eyes principle” across finance, procurement, inventory, and supply chain operations.
  • Promote a culture of integrity, transparency, accountability, and confidential reporting of misconduct.

3. Financial Controlling & Performance Management

  • Ensure compliance with company controlling and reporting standards.
  • Design financial reporting structures that align with operational responsibilities across production, sales, logistics, and distribution teams.
  • Provide timely and meaningful financial information to budget owners through reports, dashboards, and regular review meetings.
  • Improve efficiency in reporting processes to enable greater focus on analysis, business insights, and strategic decision-making.
  • Lead the budgeting, forecasting, and long-term planning processes in alignment with company objectives and seasonal demand cycles.
  • Support department managers during planning while challenging assumptions to ensure realistic and balanced business plans.
  • Analyze financial performance, identify risks and opportunities, and recommend corrective actions where needed.
  • Monitor and evaluate the cost-effectiveness of operational, marketing, and production initiatives.
  • Establish monthly reporting cycles with clear analysis of variances between actual and planned performance.

4. Business Partnership & Commercial Support

  • Build strong working relationships with department heads and operational teams based on collaboration, trust, and mutual accountability.
  • Act as a strategic business partner by providing financial insights, profitability analysis, budgeting support, and decision-making tools.
  • Support the business in improving efficiency, productivity, profitability, and cash flow management across manufacturing, procurement, and distribution activities.
  • Promote cost awareness and operational efficiency through spending reviews, supplier negotiations, tender processes, and value optimization initiatives.
  • Conduct return-on-investment (ROI) analysis for new product launches, promotional campaigns, equipment investments, distribution channels, and customer opportunities.
  • Support negotiations with suppliers, distributors, and retail partners by providing financial analysis and commercial recommendations.
  • Regularly review pricing strategies, margins, and value chains to ensure profitability while maintaining competitiveness in the food market.
  • Ensure proper inventory valuation and contribute to minimizing waste, spoilage, and supply chain inefficiencies.

 

EDUCATION & QUALIFICATIONS

  • University degree in Finance, Accounting, Business Administration, or a related field.
  • Professional finance qualification (e.g., ACCA, CPA, CIMA) is an advantage.

 

EXPERIENCE

  • Minimum 8 years of relevant Finance and Controlling experience, preferably within the food, FMCG, manufacturing, or distribution industry.
  • Experience with import/export processes, inventory management, and supply chain finance is advantageous.
  • Experience handling VAT, excise tax, and food industry regulatory compliance is beneficial.
  • Experience working with production costing and inventory controls is highly desirable.

 

KNOWLEDGE & SKILLS

  • Strong knowledge of accounting principles (Local GAAP & IFRS), taxation, and financial controls.
  • Strong leadership and team management skills.
  • Highly analytical with strong problem-solving and decision-making capabilities.
  • Ability to identify financial and operational risks quickly and recommend practical solutions.
  • Excellent communication and presentation skills with the ability to influence stakeholders across all levels.
  • Strong business partnering mindset with the ability to translate financial data into actionable business insights.
  • Advanced IT literacy, including excellent MS Excel skills and experience with ERP systems and business intelligence tools.
  • Understanding of supply chain, inventory, and value chain management within the food or FMCG sector is a strong advantage.
  • Self-motivated, adaptable, and capable of working effectively in a fast-paced, dynamic environment.
  • Strong attention to detail with the ability to manage multiple priorities under pressure.