Fly Akeed, established in 2017 and headquartered in Riyadh, Saudi Arabia, is an innovative online platform designed to streamline the booking of flights and hotels. Specializing in work-related travel, Fly Akeed simplifies the travel planning process, our solution provides a seamless experience to handle all your travel needs with ease.

Highlights:

Current funding stage: Series B

Fly Akeed is supported by: PIF subsidiary Sanabil Investments, Elm, Artal Capital, Alrajhi Partners.

The Financial Controller at Fly Akeed will play a key role in ensuring the integrity and accuracy of the company's financial operations. Reporting to the Finance Director / CFO, the Financial Controller will oversee all financial reporting activities, ensure compliance with IFRS standards, support and monitor the Budgeting/Financial Reporting Manager, and work closely with other departments to support business decision-making. Additionally, the Financial Controller will be responsible for enhancing the company’s internal control environment by establishing preventive, detective, and corrective controls.


Key Responsibilities:
1. Financial Reporting:

• Oversee the preparation of accurate and timely financial statements in accordance with IFRS.
• Ensure compliance with regulatory requirements and internal financial policies.
• Manage the monthly, quarterly, and annual closing processes.

2. Budgeting and Forecasting:

• Support and monitor the Budgeting/Financial Reporting Manager in the annual budgeting process.
• Assist in preparing and updating rolling forecasts based on current business trends and market conditions.
• Analyze variances between actual results and budgeted figures, providing insights and recommendations.

3. Cash Flow Management:

• Monitor and manage the company’s cash flow to ensure sufficient liquidity.
• Optimize cash flow by managing working capital, including accounts receivable, accounts payable, and inventory.
• Oversee the preparation of cash flow forecasts and develop strategies to mitigate any potential cash shortfalls.

4. Internal Controls and Compliance:

• Develop, implement, and maintain a robust internal control environment, including preventive, detective, and corrective controls.
• Ensure compliance with all statutory requirements and financial regulations.
• Liaise with external auditors and manage the annual audit process.

5. Team Leadership and Development:

• Supervise and mentor the finance team, including accountants and analysts.
• Foster a high-performance culture within the finance team by setting clear goals, providing feedback, and encouraging professional development.6.

6. Financial Analysis and Strategy:

• Provide financial insights and analysis to support strategic decision-making by senior management.
• Assess financial risks and opportunities and recommend actions to improve the company’s financial performance.
• Support the Finance Director / CFO in preparing financial presentations and reports for the board of directors.

7. Collaboration with Other Departments:

• Work closely with the Budgeting/Financial Reporting, Accounting/Tax, and Treasury teams to ensure alignment on financial goals and strategies.
• Collaborate with the GRC (Governance, Risk, and Compliance) Manager to identify and mitigate financial risks.
• Engage with the operations and sales teams to ensure financial considerations are integrated into business decisions.

8. Project Management:

• Lead or participate in finance-related projects, including system implementations and process improvements.
• Ensure projects are delivered on time, within scope, and on budget.

Requirements

• Bachelor’s degree in accounting, Finance, or a related field; a Master’s degree or CPA/CA/CMA qualification is preferred.
• Minimum of 5-7 years of progressive experience in financial management, with at least 2 years in a financial controller or similar role.
• In-depth knowledge of IFRS and Saudi financial regulations.
• Proven experience in budgeting, forecasting, and financial analysis.
• Strong leadership skills with experience in managing and developing teams.
• Excellent communication and interpersonal skills, with the ability to work collaboratively across departments.
• Proficiency in financial software and ERP systems; experience with TRAACS or similar systems is a plus.