Financial Controller – Construction & Infrastructure | Riyadh, Saudi Arabia

Location

Riyadh, Saudi Arabia – Head Office

Job Type

Full-time

Department

Finance

Reports To

Chief Finance Officer (CFO)

Job Category

• Finance & Accounting
• Construction & Real Estate
• Engineering & Technical
• Operations & Supply Chain

Job Overview

We are seeking an experienced and highly capable Financial Controller to join the Finance function in Riyadh, Saudi Arabia. Reporting directly to the Chief Finance Officer, the Financial Controller will lead the day-to-day Finance operations while ensuring accurate financial reporting, IFRS compliance, effective financial controls, timely month-end closing, and successful external audit delivery.

This is a senior finance leadership position within a project-based environment, with experience in construction, infrastructure, engineering, or contracting required. The successful candidate will provide strong technical accounting leadership across multiple entities and business units while overseeing financial reporting, consolidation, project accounting, audit coordination, and internal financial controls.

The position offers significant career growth and professional development opportunities for an experienced finance leader. The role provides exposure to IFRS conversion, project revenue recognition, financial governance, Board and Audit Committee reporting, ERP systems, and strategic Finance projects, with opportunities to further develop professional expertise and leadership capabilities.

Key Responsibilities

Finance Operations & Month-End Close

• Lead month-end and year-end closing processes across business units and entities.
• Ensure accounting books are closed accurately and within agreed timelines.
• Supervise Finance function heads covering Treasury, FP&A and Budgeting, Accounting, and Financial Controls.
• Review and approve journal entries, reconciliations, and trial balances.
• Maintain the Finance calendar covering reporting, audit, taxation, regulatory, and closing deadlines.
• Oversee intercompany accounting, reconciliations, and consolidation eliminations.

Financial Reporting & IFRS

• Lead preparation and review of monthly management accounts, including P&L, balance sheet, cash flow, and variance analysis.
• Ensure financial reporting complies with IFRS and remains audit-ready.
• Lead IFRS conversion initiatives in coordination with internal teams and external advisors.
• Maintain consistent accounting policies across business units.
• Oversee project revenue recognition in accordance with IFRS 15.
• Review percentage-of-completion calculations, cost-to-complete estimates, variation orders, and claims.
• Review financial statements before submission to the CFO, Board, Audit Committee, or external stakeholders.

External Audit

• Serve as the primary day-to-day Finance contact for external auditors.
• Lead audit preparation, including schedules, reconciliations, supporting documentation, and responses to audit queries.
• Manage the audit timetable and ensure timely completion and sign-off.
• Track and resolve audit findings and management letter points.
• Keep the CFO informed of audit progress, risks, and significant issues.

Financial Controls & Process Improvement

• Ensure effective implementation of financial controls, segregation of duties, and approval frameworks.
• Identify control weaknesses and implement practical improvements.
• Ensure Finance policies and procedures are documented and effectively implemented.
• Support the development and strengthening of the internal controls framework.
• Drive continuous improvement across Finance processes and reporting operations.

CFO Support & Special Projects

• Coordinate Finance inputs for Board presentations and Audit Committee materials.
• Support due diligence and other external reporting requirements.
• Lead Finance workstreams assigned by the CFO.
• Ensure Finance project deadlines and deliverables are consistently achieved.
• Maintain visibility over key Finance projects, risks, dependencies, and deliverables.

Key Success Measures

• Month-end close completed by the 5th working day.
• Reviewed management accounts delivered to the CFO by the 8th working day.
• Unqualified external audit opinion delivered on schedule.
• 100% resolution of prior-year audit findings.
• Successful completion of IFRS conversion by Q4 2026.
• Zero unresolved material Finance control breaches.
• 100% delivery of CFO-assigned Finance project milestones.

Requirements & Qualifications

Education & Professional Qualifications

• Bachelor’s degree in Finance, Accounting, Economics, or a related discipline.
• CPA, ACCA, or CMA certification is required.
• Master’s degree in Finance or Accounting is preferred.

Experience

• 10+ years of relevant Finance or Accounting experience.
• Minimum 3 years as a Financial Controller or in an equivalent senior Finance leadership role.
• Proven experience in construction, infrastructure, engineering, contracting, or other project-based industries.
• Proven experience with IFRS conversion.
• Strong experience managing external and statutory audits.
• Big 4 audit experience is strongly preferred.
• Experience within a listed company environment is an advantage.
• GCC experience is required.
• Saudi Arabia experience is strongly preferred.

Technical Skills

• Expert knowledge of IFRS and financial reporting.
• Strong knowledge of IFRS 15, IAS 16, IFRS 16, and IFRS 8.
• Advanced financial close and reporting capabilities.
• Strong understanding of financial controls, governance, and risk management.
• Strong knowledge of project and construction accounting.
• Experience with SAP or an equivalent ERP system.
• Advanced Microsoft Excel skills.
• Familiarity with financial reporting and close-management tools is an advantage.

Leadership & Behavioral Competencies

• Strong operational excellence and attention to precision.
• Strong ownership and execution capabilities.
• Excellent organization and time-management skills.
• Direct and transparent communication.
• Strong stakeholder management skills.
• Effective team leadership and people development.
• Ability to operate effectively under pressure.
• Strong commercial and analytical thinking.
• Change readiness and continuous improvement mindset.

Salary, Benefits & Career Growth

Salary information has not been provided for this position.

This Financial Controller role provides a significant opportunity for senior-level career growth within Finance leadership. The successful candidate will gain extensive exposure to financial reporting, IFRS conversion, project accounting, external audits, financial controls, governance, ERP systems, and executive-level financial reporting.

The position also offers opportunities for professional development through continued technical accounting expertise, leadership development, financial reporting experience, and professional certification. Experience working closely with the CFO, Board, Audit Committee, and external stakeholders can further support progression into senior Finance leadership positions.

Benefits and compensation details have not been specified in the provided job description.

Application Process

Apply through the official job listing and click Apply Now to complete your application.

Official Application: LinkedIn job listing provided by the job poster.

HR Email for Application

No HR email address was provided for this position.

Candidates should apply through the official LinkedIn job listing.