Jobs in Saudi Arabia: Country Finance and Commercial Manager at ABB Group

ABB Group is offering a full-time job opportunity as a Country Finance and Commercial Manager to join the team in Jeddah, Saudi Arabia. 

• Strategy:
• Contributes to the definition of the strategy for the local division.
• Serves as the key partner for the relevant business leader (Country Manager) in determining strategy for area of responsibility, aligning with the wider Turbo strategy, and final implementation.
• Maintains constant contact with relevant other managers regarding financials, market and customer situation, operations and commercial outlook.

Business Planning & Forecasting:

• Translates strategy into business plans and establishes measurable targets.
• Coordinates and oversees the business planning and estimating process for the area of responsibility.
• Evaluates financial implications of various strategic decisions, builds scenarios, and initiates corrective actions incl. required follow ups.

Business Performance & Decision Support:

• Monitors progress achieved and provides insights and analysis to support opera-tional and strategic decision-making.
• Leverage the power of financial and nonfi-nancial data to understand value drivers in the Hub/LD.
• Identifies issues and ad-vises local management peers on action plans and operational strategies to re-solve.
• Drives appropriate cost structure/control/reductions, productivity optimizations, and capital efficiency to ensure value creation.
• Manages and closely monitors the cash flow and takes action to improve Net Working Capital.
• Analyzes customer and product/agreement profitability.

Commercial & Risk Management:

• Identifies and communicates commercial and financial risks and opportunities from business propositions.
• Executes risk/contract reviews in line with global policies and standards to minimize commercial and financial risks and exposure.
• Closely monitors and follows up on overdues to minimize default risk. Steward-ship of company's assets (e.g. Real Estate, local representative towards insurances).

Group Financial Reporting & Business Information:

• Establishes and oversees processes and tools necessary to obtain transparent and reliable financial data and business information.
• Ensures high quality of financial data and business information in line with defined local statutory and Group-wide standards as well as financial closing schedules.

Accounting & Local Statutory Reporting:

• Coordinates and ensures accurate financial bookkeeping in accordance with local-ly accepted accounting principles and US-GAAP, to be executed by an external trustee.
• Ensures the on-time preparation of correct statutory financial statements also by means of the aforementioned trustee.

Tax:

• Ensures preparation and filing of correct tax returns such as income tax, VAT and WHT by means of an external trustee.
• Continuously monitors changes in local tax legislation and assesses their implications together with local and global experts.

Governance, Compliance, Internal Controls & Audits:

• Establishes and maintains a local governance in line with corporate standards, regulations, policies, and legal requirements.
• Ensures transparency in group and statutory financial reporting and disclosures.
• Executes internal controls regarding financial and defined non-financial operations.
• Coordinates external audits and actively supports internal audits.

Communication with Internal & External Stakeholders:

• Ensures timely and efficient communication with relevant Hub/Country stake-holders (e.g. LD Manager, HEUS, GPG Controller, COE) to identify and discuss is-sues for improvement of operations, work quality and efficiency for area of responsibility.
• Represents Turbo vs external stakeholders such as authorities, banks, insurance brokers and auditors.
• Communicates the findings and recommendations of local auditors to the appropriate organizational bodies and initiates required actions for remediation.

People Management:

Develop finance talent within direct and/or functional leadership dimension as part of own succession plan.

Systems & Tools:

Acts as local ERP power user.

1. Ideally you'll hold a University Degree in Finance/Controlling/Accounting or Chartered Accountant (e.g. ACCA, ACA, ICAEW, ICAS, CPA, CIMA) or longstanding practical work experience with demonstrated achievements
2. Strong financial background, structured and result oriented with strong analytical skills
3. Experience in SAP (FI and CO, SD and PS are a plus) and excellent MS Office and MS Teams skills
4. Strong team player with good problem-solving skills, approaching problems with open mind and persistence to deliver on time
5. Able to handle different topics simultaneously, ideally used to matrix organization structure
6. 5+ years in controlling/accounting function in an international environment (industrial background is an asset)
7. Fluency in English is a must, further local country languages considered a plus.

About ABB:

ABB is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation, and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 110,000 talented employees in over 100 countries.

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