Financial Controller

Position Summary

The Financial Controller is entrusted with guaranteeing the accuracy, integrity, and promptness of the organization's financial reports. This role involves upholding a robust internal control system and ensuring adherence to all relevant accounting principles and regulations to provide clear, dependable financial data supporting senior management decisions. The position also acts as a central governance pillar to maintain financial discipline.

Reporting Structure

• Directly reports to the Finance Director.

Key Responsibilities

• Lead the compilation of monthly, quarterly, and annual financial statements.
• Ensure adherence to IFRS and applicable local regulatory standards.
• Manage consolidation processes involving subsidiaries, special purpose vehicles, and other operational units.
• Standardize accounting policy applications across varied projects and service divisions.
• Maintain oversight of the general ledger and chart of accounts ensuring accuracy and governance.
• Optimize and manage month-end and year-end closing procedures.
• Ensure precise recording of accruals, provisions, and other necessary adjustments.
• Facilitate orderly and timely closing cycles supported by structured reporting schedules.
• Oversee correct revenue recognition practices.
• Manage cost allocation approaches, including direct project expenses, capitalization where eligible, and operational/service delivery costs.
• Review critical accounting estimates such as stage-of-completion, performance obligations, and cost-to-complete metrics.
• Monitor financial tracking of project costs, budgets, and related commitments effectively.
• Ensure revenue and cost matching in service contracts and daily operations.
• Support insight into project and unit performance through dependable financial reporting.
• Develop, implement, and supervise internal control systems across financial processes.
• Guarantee segregation of duties and compliance with authorization protocols.
• Establish and enforce financial guidelines, policies, and controls.
• Identify and address financial, operational, and compliance risks proactively.
• Supervise accounts payable processes ensuring correctness, approvals, and contract compliance.
• Manage accounts receivable including collections and credit risk across clients and projects.
• Promote disciplined working capital management throughout project and service cycles.
• Manage accounting for capital expenditures, development costs, and fixed assets thoroughly.
• Maintain accurate asset registers, including depreciation and impairment reviews.
• Clearly differentiate between capitalized and expensed costs following accounting standards.
• Lead external audit engagement, coordinate auditor relationships, and ensure timely preparation of audit documentation.
• Respond to audit findings with corrective actions and communicate with regulators to ensure compliance.
• Oversee financial system governance focusing on ERP data integrity.
• Drive finance process improvements by automating, standardizing, and increasing efficiency.
• Enhance financial reporting capabilities to support operational and project performance monitoring.
• Provide leadership and mentorship to accounting and reporting staff.
• Cultivate a culture emphasizing accountability, accuracy, and ongoing development.
• Ensure the finance department is structured to meet project and service business demands optimally.

Deliverables

• Timely and precise financial statements across all business sectors.
• Clear and transparent project and service operation reports.
• Flawless audit outcomes with strong defense.
• Streamlined and efficient financial closing cycles.
• A robust system of internal financial controls.

Performance Metrics

• Adherence to scheduled monthly and yearly close timelines.
• Audit issue frequency and severity.
• Accuracy in financial reporting and adjustments post-close.
• Effectiveness of established internal controls.
• Working capital indicators such as receivables aging and payable turnover.
• Quality of financial reporting for projects and business units.

Qualifications and Experience

• Bachelor’s degree in Accounting, Finance, or related disciplines.
• Preferred professional certifications like CPA, ACCA, or equivalents.
• Over 10 years of relevant experience in accounting and financial reporting.
• Experience in environments involving both projects and service delivery is an advantage.
• In-depth knowledge of International Financial Reporting Standards (IFRS).

Required Competencies

• Expertise in advanced accounting principles across diverse business models.
• High standards of integrity and meticulous attention to detail.
• Capabilities in leadership and team growth facilitation.
• Strong analytical thinking and problem-solving skills.
• Effective communication and stakeholder relationship management.

Authority and Decision-Making

• Control over accounting policies, procedures, and reporting frameworks.
• Authorization for approval of financial statements, significant journal entries, and reconciliations.
• Supervision of internal controls and financial governance issues.
• Escalation of critical accounting judgments, risks, and concerns to the Chief Financial Officer.