Financial Controller – Jeddah

Job Specification

• Number of Vacancies: 1
• Job Type: Full-time
• Experience: Minimum: 10+ years
• Industry: Fine arts
• Nationalities: Open to all nationalities residing in KSA

Job Summary

• Functional Area: Finance
• Location: Jeddah, Saudi Arabia
• Job Role: HR Officer
• Reporting to: Operations Director

Job Purpose

Reporting to the Operations Director, the Financial Controller is responsible for all financial, accounting and business analysis processes for the company. The Financial Controller also plays a key role in strategic planning, budgeting and forecasting.

Job Duties and Responsibilities

Finance
• Maintain the Chart of Accounts in Accounting System;
• Develop budget templates to analyze profitability by division (3) and by project;
• Aggregate departmental budgets into an annual operating budget in the Accounting System and maintain cash flow report weekly;
• Generate a budget-to-actual variance report on a monthly basis; and, identify key growth areas/savings;
• Issue timely and accurate invoices;
• Manage AR/AP and reconcile to the Accounting System weekly;
• Follow up with sales and clients directly to ensure timely collections;
• Reconcile monthly credit card transactions;
• Track the performance of the sales team against revenue goals, profitability, and % of sales volume;
• Prepare sales commission statements;
• Increase profitability by controlling expenses; research cost-saving alternatives;
• Generate a cash settlement on a monthly basis;
• Monitor debt levels and compliance with debt covenants;
• Manage sales tax reporting;
• Manage currency conversions.

Controllership
• Review template language for bills of sale to ensure that the company isn’t subject to negative exposure;
• Comply with government reporting requirements;
• Review and approve final tax preparation documents;
• Determine whether personnel benefits are cost effective and competitive;
• Provide transaction support on negotiations, loans, and special projects with 3rd parties;
• Manage insurance policies ensuring comprehensive coverage at the best rate;
• Communicate with the bank and accountants as needed and provide accurate and timely documentation.
Human Resources
• Oversee payroll submission;
• Maintain employee benefits contracts;
• Confirm over-time and extra pay with managers. Enter to the payroll report;
• Document and communicate new financial policies to the staff, such as
• terms for storage, crating, shipping, discounts, 3rd party commissions, etc.;
• Orient and train new hires on the Finance team;
• Manage employee benefits and Personal Time Off in coordination with the HR officer;
Information management
• Facilitate major capital expenditures as per CEO-approved budget;
• Negotiate maintenance and security contracts with outside vendors.

Management:
• Support strategic decisions by providing managers with timely dashboard reporting;
• Inform the exhibition and art fair schedule by providing sales analysis;
• Initiate the annual budgeting process;
• Facilitate a weekly finance meeting to continually track performance on the plan;
• Ensure compliance with the law and Tax regulations in all contracts
• Archiving all the contracts of the gallery from the different departments

Supervision:
The Accountant reports to the Financial Controller.

Requirements
BS or MBA in Finance, Accounting or Business Management. 10+ years as a Controller in the art world. Computer skills: Advanced Quickbooks, Oodo, MS Office Suite, project management software and Art Systems, a plus.

Interested candidates please send your CV and contact details to profiles@darlingtonme.com referencing ‘Financial Controller’ in the subject