Financial Controller

Location United Arab Emirates
Discipline: Commodities
Job type: Permanent
Contact name: Freddie Ricks

Contact email: freddie.ricks@venturesearch.com
Job ref: 2904
Published: 3 days ago

Key Responsibilities:

  1. Establish Reporting and Accounting Systems:

    • Build and implement robust financial reporting systems, focusing on transparency and accuracy.
    • Regular reporting to the JV board, covering cash flows, investments, financial status, and any other key financial metrics.
    • Oversee the establishment of proper accounting processes for the JV.
  2. Relationship Management:

    • Develop and maintain a trusted relationship with the JV counterparty.
    • Ensure transparency in financial matters, sharing reports, and maintaining open lines of communication.
    • Be the key point of contact for all financial and reporting matters, working closely with the board and senior management.
  3. M&A and Investment Opportunities:

    • Actively engage in assessing investment opportunities and support the JV’s growth strategy through quantitative and analytical approaches.
    • Contribute to the evaluation of potential acquisitions, particularly in the oil, refinery, and by-product sectors.
  4. Leadership and Team Development:

    • Initially operate as a one-person team, leading the setup and establishing critical systems from scratch.
    • In the future, take responsibility for growing the finance team, potentially hiring an accountant, admin staff, and overseeing legal and compliance functions as required.
    • Embrace technology and automation, looking for opportunities to improve efficiency and reduce manual tasks.
  5. Cross-Jurisdictional Consolidation:

    • Support the consolidation of financial activities across multiple jurisdictions, ensuring that processes comply with local regulations and are streamlined across the business.
  6. Stakeholder Communication:

    • Provide clear, concise, and professional communication to senior management, the JV board, and partners, especially regarding potential risks, challenges, and financial performance.
    • Flag issues proactively, offering solutions and advice when necessary.
  7. Audit and Compliance:

    • Ensure proper auditing practices and financial controls are in place for the JV.
    • Monitor compliance with both internal policies and external regulations.

Qualifications and Skills:

  • Experience: 8+ years in financial control, accounting, or audit roles, preferably with experience in oil trading or M&A activities.