Budget and Forecasting Controller

About the job Budget and Forecasting Controller

Position Title : Budgeting and Forecasting Controller

POSITION SUMMARY

We are seeking an experienced Budgeting and Forecasting Controller to lead financial planning and analysis activities for our manufacturing operations. This role requires deep understanding of process manufacturing economics, Saudi regulatory environment, and advanced financial modeling capabilities to support strategic decision-making in a capital-intensive industry.

KEY RESPONSIBILITIES

Financial Planning and Analysis Develop and manage comprehensive annual budgets and rolling forecasts for all business units, incorporating raw material costs, energy consumption, production volumes, and capital expenditure requirements. Lead monthly variance analysis and provide actionable insights to senior management on performance drivers and corrective actions needed.

Financial Modeling Create sophisticated financial models reflecting the unique aspects of production including iron ore price volatility, energy cost fluctuations, yield variations, and co-product revenue streams. Develop scenario planning models to assess impact of commodity price changes and production optimization initiatives.

Regulatory and Compliance Management Ensure all budgeting and forecasting activities comply with Saudi GAAP, SOCPA requirements. Coordinate with external auditors and regulatory bodies as needed.

Performance Management Design and maintain key performance indicators specific to manufacturing operations including cost per ton, energy efficiency ratios, yield percentages, and margin analysis by product grade. Prepare executive dashboards and management reports that translate complex operational metrics into clear financial insights.

Cross-Functional Collaboration Partner closely with production, procurement, sales, and operations teams to understand business drivers and incorporate operational plans into financial forecasts. Work with supply chain teams to model raw material procurement strategies and their financial impact.

REQUIRED QUALIFICATIONS

Education and Professional Credentials Bachelor's degree in Finance, Accounting. CPA, CMA, or equivalent professional certification preferred. Advanced degree in Finance or MBA advantageous.

Experience Requirements Minimum 7-10 years of progressive financial planning and analysis experience, with at least 3-5 years in heavy manufacturing or process industries. Viz. metals, petrochemicals, or similar capital-intensive manufacturing experience highly preferred. Demonstrated experience managing budgets.

Technical Competencies Advanced proficiency in SAP S / 4HANA Financial Planning and Analysis modules, with experience in SAP BPC or similar enterprise planning tools. Expert-level Excel and PowerBI skills for complex financial modeling and data visualization. Knowledge of commodity trading and hedging strategies preferred.

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