Financial Controller

Financial Controller – Drive Strategic Financial Leadership in a Dynamic Insurance Environment

Join our organization as a visionary Financial Controller, where you will play a pivotal role in shaping the financial integrity, regulatory compliance, and operational excellence of our business. Reporting directly to senior leadership, you will oversee the entire finance and accounting function, ensuring precision in financial reporting, adherence to stringent regulatory standards, and the implementation of cutting-edge financial processes. Based at our headquarters, this hybrid role offers the perfect blend of in-office collaboration and remote flexibility, allowing you to lead with agility while fostering a culture of accountability and innovation.

In this dynamic position, you will partner closely with cross-functional teams to elevate financial governance, streamline reporting mechanisms, and champion process optimization—positioning our organization for sustainable growth in a competitive market. Your strategic insight and operational expertise will be instrumental in aligning financial strategies with broader business objectives, ensuring compliance with Insurance Authority, ZATCA, and SAMA requirements while driving efficiency and transparency across all financial operations.

Key Responsibilities

As the Financial Controller, your responsibilities will span the full spectrum of financial oversight, including:

• Financial Operations Leadership: Manage day-to-day accounting functions with meticulous attention to the general ledger, reconciliations, accounts payable/receivable, and timely month-end and year-end closures—ensuring accuracy, timeliness, and adherence to best practices.
• Regulatory and Statutory Compliance: Prepare and deliver IFRS-compliant financial statements, with a deep focus on IFRS 17 and IFRS 9—critical standards for insurance operations. Oversee all ZATCA compliance, including VAT returns, withholding tax, Zakat, and corporate income tax filings, while ensuring seamless integration and reporting for e-invoicing (Fatoorah) requirements.
• Regulatory Reporting and Submissions: Lead financial reporting and submissions to SAMA and other regulatory bodies, guaranteeing precision, timeliness, and full compliance with all filing deadlines.
• Internal Controls and Risk Management: Design, implement, and continuously monitor robust internal controls over financial reporting. Identify and address control gaps proactively, ensuring a resilient framework that mitigates risks and safeguards financial integrity.
• Insurance-Specific Accounting: Oversee technical insurance accounting, including premium and commission recognition, reinsurance balances, claims reserves, and solvency/capital adequacy calculations—collaborating closely with the actuarial function to ensure accuracy and regulatory alignment.
• Budgeting, Forecasting, and Performance Analysis: Lead the annual budgeting and forecasting cycle, providing strategic direction and monitoring performance against targets. Conduct thorough variance analysis and prepare insightful commentary to inform decision-making at the executive level.
• Treasury and Cash Flow Management: Manage treasury functions, cash flow forecasting, and banking relationships to optimize liquidity and financial stability.
• External Stakeholder Engagement: Serve as the primary liaison for external auditors, ZATCA audits, regulatory inquiries, and examinations, ensuring seamless communication and compliance.
• Process Innovation and Automation: Identify opportunities for process improvements and automation within the finance function, leveraging technology to enhance efficiency and reduce manual workloads.
• Strategic Reporting and Analytics: Develop detailed financial reports and analytics tailored for management and board review, providing actionable insights to drive business strategy.

Why This Role Matters

This is more than a job—it’s an opportunity to shape the financial backbone of a forward-thinking organization. Your expertise will not only ensure compliance and accuracy but also empower data-driven decision-making, foster transparency, and contribute to the long-term success of our business. If you thrive in a fast-paced, collaborative environment where financial acumen meets strategic vision, we invite you to take the helm as our next Financial Controller.

Qualifications and Experience

To excel in this role, you must possess:

• Proven Leadership in Finance: Extensive experience as a Financial Controller or in a senior finance role, with a substantial background in the insurance sector. Demonstrated ability to lead and develop finance teams in dynamic environments.
• Regulatory Expertise: Hands-on experience with ZATCA compliance, including VAT, withholding tax, Zakat, and e-invoicing in the Kingdom of Saudi Arabia. In-depth knowledge of IFRS, IFRS 17, and IFRS 9, with practical exposure to insurance-specific accounting standards.
• SAMA and Compliance Proficiency: Strong understanding of SAMA regulatory reporting requirements and insurance-specific compliance obligations, ensuring adherence to all legal and operational frameworks.
• Analytical and Strategic Mindset: Exceptional analytical, problem-solving, and decision-making skills with an unwavering attention to detail. Ability to translate complex financial data into clear, actionable insights for non-finance stakeholders.
• Professional Certification: Hold a recognized professional qualification such as SOCPA, CPA, ACCA, CA, or CMA.

While not mandatory, the following will be highly valued:

• Technical and Digital Expertise: Experience with WAFEQ, finance automation, ERP implementation, or process digitization. Familiarity with data analytics and BI tools to enhance financial reporting and insights.
• Industry and Innovation: Background in insurance technology trends, digital transformation, or supporting fundraising/audit readiness initiatives in high-growth environments.
• Multilingual Proficiency: Fluency in both Arabic and English.

What We Offer

In return for your expertise, we provide:

• Employee Stock Ownership Plan (ESOP): Align your success with the growth of our organization through equity participation.
• Flexible Hybrid Work Arrangements: Enjoy the flexibility of a hybrid work model, balancing in-office collaboration with remote productivity.
• Career Growth and Development: Access to continuous learning opportunities, mentorship, and pathways for professional advancement.
• Innovative and Collaborative Culture: Thrive in an environment that values creativity, teamwork, and the exchange of diverse perspectives.

If you are a results-driven finance professional eager to make a meaningful impact in a high-growth insurance organization, we encourage you to apply and take the next step in your career.