To lead and supervise company financial aspects in accordance with the overall corporate objectives. This includes leading financial planning and controlling of annual budget and maintaining a comprehensive system of control over all financial aspects
Strategy Formation and Implementation
- Participate in the development and refinement of Air Transport’s division strategy in line with the SBU vision and strategy and contribute to the overall process of corporate management and decision making to ensure the organization maximizes its short-, medium- and long-term profitability and returns to its shareholders.
Leadership and Direction
- Provide overall direction for the effective achievement of the division objectives through effective leadership and by setting of individual objectives, managing performance, developing, and motivating team to maximize performance.
- Collaborate with the colleagues in the Executive Leadership community, to synergize efforts across Air Transport for the successful achievement of strategic objectives.
Organization Structure
- Together with Holding’s human capital function and Head of Division provide inputs in order to design an optimum organization structure and direct the development of the Division structures so that resources are optimally utilized, and communication can take place in an efficient manner.
Budgeting and Financial Performance
- Direct the preparation and consolidation of the Division’s budget and monitor financial performance versus the budget so that the business is aware of anticipated costs/revenues; areas of unsatisfactory performance are identified, and potential performance improvement opportunities are capitalized upon.
Policies, Systems, Processes & Procedures
- Direct the development and oversee the implementation of division policies, systems, processes, procedures, and controls covering all areas of function so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service in a consistent manner.
Financial Planning
- Defines the financial strategy of the company and manages and leads financial planning process by developing -forecasts and monitoring the financial performances .
- Leads and coordinates the preparation of SAUDIA budget and ensures the financial and budgeting department support all areas and monitors their budget performance during the year.
- Oversees the profitability analysis to come up with revenue and cost optimization initiatives to assess the ability of SAUDIA to generate earnings
- Oversees capital expenditure and the provisions and management of the its budgets to ensure being in line with business needs of SAUDIA and their financial objectives
Financial controlling
- Oversees the functional leadership of all company financial activities and ensure safe operations, while enhancing cost reduction.
- Ensures that company financial services are in compliance with corporate requirements and objectives.
- Lead the developments and implementation of the system of financial controls to achieve corporate and divisional objectives.
- Oversees the variances calculating between actual and budgeted results, and investigates the reasons for the variances with the relevant parties.
- Provides relevant decisions recommendations to the CFO relating to the financial performance.
Minimum Qualification
- Bachelor's Degree in Business Administration/ Public Administration/Industrial Management/ Statistics / Economics/ Accounting/ Finance/ a specialization related to Finance & Accounting and budgeting.
Minimum Experience
- Minimum 10 years of experience.
