Cluster Financial Controller - CA
Description
Job Title: Cluster Financial Controller (CFC)
Location: Al Khobar, Saudi Arabia
Industry Preference: Power Transmission & Distribution / EPC / Infrastructure Projects
Qualification: Chartered Accountant (CA) - Mandatory
Nationality: Indian (Currently based in India preferred)
Experience: Minimum 20 Years
Position Overview:
We are seeking an experienced and strategic Cluster Financial Controller (CFC) to lead and oversee the complete financial management of multiple business units/projects within the organization. The role is equivalent to that of a Finance Head/CFO-level finance leader, responsible for financial planning, reporting, compliance, governance, risk management, treasury, and business partnering.
The ideal candidate should possess strong leadership capabilities and extensive experience in large-scale Transmission & Distribution (T&D), Power, EPC, Infrastructure, or Engineering organizations.
Key Responsibilities:
Financial Leadership & Strategy:
- Lead the overall finance function for the assigned cluster/business units.
- Provide strategic financial guidance to senior management and business leaders.
- Support business growth initiatives through financial planning and analysis.
- Drive profitability, cost optimization, and operational efficiency across projects and business units.
Financial Planning & Budgeting:
- Develop annual budgets, forecasts, and long-term financial plans.
- Monitor financial performance against budgets and recommend corrective actions.
- Analyze business trends, project profitability, and financial risks.
Financial Reporting & Controls:
- Ensure timely preparation and submission of monthly, quarterly, and annual financial statements.
- Establish and maintain robust financial controls, policies, and procedures.
- Ensure compliance with IFRS, corporate governance standards, and internal financial policies.
- Oversee consolidation of financial reports across multiple entities/projects.
Project Finance Management:
- Monitor project financial performance, cash flow, margins, and working capital.
- Review project costing, revenue recognition, and contract profitability.
- Collaborate with project teams to ensure financial discipline and project success.
Treasury & Cash Flow Management:
- Manage cash flow, liquidity planning, banking relationships, and funding requirements.
- Optimize working capital and oversee receivables, payables, and cash management.
- Evaluate financing strategies and investment opportunities.
Compliance, Audit & Taxation:
- Ensure compliance with Saudi regulations, tax laws, and corporate policies.
- Lead internal and external audits and ensure timely closure of audit observations.
- Manage statutory reporting, tax planning, and regulatory filings.
Risk Management & Governance:
- Identify financial and operational risks and implement mitigation strategies.
- Strengthen internal controls and risk management frameworks.
- Ensure adherence to ethical business practices and corporate governance standards.
Team Leadership:
- Lead, mentor, and develop finance teams across the cluster.
- Foster a high-performance culture focused on accountability and continuous improvement.
- Collaborate with cross-functional stakeholders to achieve business objectives.
Required Qualifications & Experience:
- Chartered Accountant (CA).
- Minimum 20 years of progressive finance experience.
- Proven experience as Financial Controller, Finance Head, CFO, Finance Director, or equivalent leadership role.
- Strong expertise in financial planning, budgeting, reporting, treasury, taxation, and audits.
- Experience managing large-scale projects and multi-entity financial operations.
Preferred:
- Experience in Transmission & Distribution (T&D) companies.
- Experience in Power, EPC, Infrastructure, Engineering, Utilities, or Industrial Projects sectors.
- Prior experience working in the GCC/Middle East environment is an advantage.
- Strong knowledge of IFRS, project accounting, and financial governance frameworks.
Key Competencies:
- Strategic Financial Leadership
- Business Partnering
- Financial Planning & Analysis
- Treasury & Working Capital Management
- Project Finance
- Risk Management
- Corporate Governance
- Stakeholder Management
- Team Leadership & Development
- Decision Making & Problem Solving
About the Role:
This is a senior leadership position responsible for driving financial excellence, ensuring strong governance, and supporting the organization's strategic growth objectives across multiple business units and projects within the cluster.