Job Purpose
The Financial Controller is responsible for leading financial planning, analysis, and management within an assigned division. The role ensures that financial strategies align with the company’s overall business objectives while supporting operational efficiency and sustainable growth.
Key responsibilities include managing budgets and forecasts, monitoring financial performance, optimizing resource allocation, controlling costs, and providing actionable financial insights to senior management and business leaders.
Key Responsibilities
1. Strategic Financial Planning and Budgeting
Develop financial strategies that support business growth, profitability, and long-term sustainability.
Lead annual budgeting, financial forecasting, and long-term financial planning activities.
Align divisional financial plans with the organization’s overall financial objectives.
Evaluate financial requirements and recommend appropriate resource allocation.
Monitor budget performance and identify potential financial risks and opportunities.
2. Financial Performance and Profitability Management
Monitor key financial indicators and assess overall business performance.
Analyse financial results, budget variances, and operational costs.
Identify opportunities to improve profit margins, financial efficiency, and cost management.
Recommend corrective actions to address financial performance gaps.
Provide management with regular updates on profitability and financial performance.
3. Financial Analysis and Business Decision Support
Provide financial insights to support strategic and operational decision-making.
Conduct financial analysis for pricing strategies, business investments, and operational initiatives.
Prepare business cases and financial models to evaluate potential opportunities.
Perform scenario analysis to assess financial outcomes and business risks.
Collaborate with business leaders to evaluate financial implications before implementing major decisions.
4. Cost Control and Resource Optimization
Identify opportunities to reduce operational expenses and improve cost efficiency.
Develop and implement cost-control strategies across the assigned division.
Monitor financial resource utilization and recommend improvements.
Support effective allocation of budgets and financial resources across business units.
Evaluate spending patterns and ensure expenses remain aligned with approved budgets.
5. Financial Governance, Risk Management and Compliance
Maintain effective internal financial controls and governance procedures.
Ensure compliance with applicable financial regulations, company policies, and accounting standards.
Coordinate with internal and external audit teams on financial matters.
Work closely with tax and legal departments to identify and manage financial risks.
Strengthen financial processes to improve transparency, accountability, and compliance.
6. Financial Reporting and Management Insights
Prepare and deliver accurate and timely financial reports to senior management.
Analyse financial statements and communicate important business performance indicators.
Convert complex financial information into clear recommendations for decision-makers.
Monitor reporting accuracy and improve financial reporting processes.
Provide regular financial updates, forecasts, and performance assessments.
Management and Leadership Responsibilities
The Financial Controller is also expected to demonstrate strong management capabilities and take responsibility for the financial operations of the assigned division.
Human Resources and Team Development
Recruit, develop, and retain high-performing finance professionals.
Identify employee strengths and support career development and succession planning.
Provide guidance and performance feedback to team members.
Address performance issues through appropriate development and management actions.
Maintain fair and consistent employee assessment practices.
Ensure responsibilities and delegation of authority are aligned with company policies.
Business Planning and Operational Delivery
Translate corporate objectives into practical divisional financial and operational plans.
Lead the implementation, monitoring, and execution of annual and development plans.
Track progress against established targets and recommend corrective actions.
Deliver assigned responsibilities within agreed timelines, quality standards, and budgets.
Prepare periodic performance and progress reports.
Take proactive measures to identify potential operational and financial challenges.
Organizational Development and Process Improvement
Support organizational development based on current business requirements and future growth plans.
Ensure appropriate organizational structures and job responsibilities are established.
Develop and improve financial policies, procedures, and internal operating systems.
Identify opportunities to automate financial processes and improve operational efficiency.
Promote the effective use of financial management systems and relevant IT solutions.
Adapt to new technologies, business models, and management practices.
Quality, Compliance and HSE
Maintain high-quality standards across financial operations and reporting activities.
Ensure compliance with company policies, procedures, and applicable regulations.
Promote continuous improvement in financial management practices.
Maintain a safe, secure, and legally compliant working environment.
Follow relevant health, safety, and environmental requirements.
Academic Qualifications
Bachelor’s Degree in Accounting, Finance, or a relevant field.
Strong knowledge of accounting principles, financial management, and corporate finance practices.
Work Experience
6 to 10 years of relevant professional experience.
Experience in financial planning, budgeting, forecasting, financial reporting, and financial analysis.
Practical knowledge of financial performance management, cost control, and internal financial controls.
Experience supporting business decisions through financial modelling and strategic analysis is advantageous.
Technical and Functional Competencies
Candidates should demonstrate strong knowledge and practical skills in the following areas:
Accounting Best Practices
Accounting Methods and Principles
Accounting Rules and Guidelines
Accounting Systems
Accounting Theory and Concepts
Financial Analysis
Financial Forecasting
Financial Modelling
Financial Planning and Budgeting
Financial Reporting
Financial Statement Preparation
Mergers and Acquisitions
Cost Control and Profitability Analysis
Financial Risk Management
Business Performance Management