Summary
Siemens Energy is hiring a Head of Controlling (Factory Finance Controller) to support its GIS factory operations in Dammam, Saudi Arabia. The role oversees manufacturing cost control, product costing, inventory valuation, budgeting, forecasting, and monthly internal controls, while providing financial analysis and recommendations to plant management. It also leads audit preparation and supports compliance with IFRS and corporate guidelines. Applicants should have a relevant degree, 8 to 10 years of financial controlling experience, leadership experience, and expertise in industrial cost accounting; CMA, CPA, CA, or ACCA credentials are listed.
The posting
As published on siemens-energy.com. Pulled from the employer's site and shown as they wrote it.
A Snapshot of Your Day
To support the strategic ramp-up of the GIS factory operations at SG Dammam and ensure the successful execution of bulk tender and open market orders, Siemens Energy is establishing the Head of Controlling (Factory Finance Controller) role in Saudi Arabia. This position drives financial transparency, end-to-end manufacturing cost optimization, and robust governance within the Switchgears Asia business unit. To address these business aims, the role focuses on factory cost controlling and allocation, monthly internal controls monitoring under IFRS, and the enhancement of budgeting and forecasting quality. These core areas directly enable precise financial steering, risk mitigation, and operational efficiency across the manufacturing lifecycle. Given the focus on manufacturing finance and governance, the ideal candidate will possess a strong background in industrial cost accounting, IFRS compliance, and financial leadership. Extensive experience in factory controlling within the energy or heavy manufacturing sector is highly preferred.
How You’ll Make an Impact
- Oversee end-to-end product manufacturing cost controlling, variance analysis, and cost allocation processes for the GIS factory in Dammam.
- Establish and monitor key manufacturing performance indicators (KPIs) to drive operational efficiency and cost optimization.
- Manage product costing, inventory valuation, and scrap/obsolescence controls within the factory environment.
- Drive the annual budgeting process and monthly financial forecasting cycles to improve accuracy and quality of financial steering.
- Analyze financial performance against targets, providing actionable insights and corrective recommendations to the plant management team.
- Strengthen, execute, and monitor internal financial controls on a monthly basis in strict compliance with IFRS and corporate guidelines.
- Lead audit preparations and coordinate with internal and external auditors to ensure clean compliance records for factory operations.
What You Bring
- Bachelor's or Master's degree in Finance, Accounting, Business Administration, or a closely related field. Minimum of 8 to 10 years of professional experience in financial controlling, with a strong focus on factory or manufacturing environments
- Proven leadership experience managing finance teams and driving internal controls in compliance with IFRS
- Certified Management Accountant (CMA), Certified Public Accountant (CPA) or Chartered Accountant (CA), Association of Chartered Certified Accountants
- Expertise in industrial cost accounting, including product costing and valuation, as well as variance analysis and financial modeling.
- Strong understanding of IFRS standards and financial reporting, internal controls and SOX compliance, as well as financial risk management.
- Expertise in budgeting and forecasting, stakeholder management and business partnering, as well as team leadership and talent development.
About the Team
Our Grid Technology division enables a reliable, sustainable, and digital grid. The power grid is the backbone of the energy transition. Siemens Energy offers a leading portfolio and solutions in HVDC transmission, grid stabilization and storage, high voltage switchgears and transformers, and digital grid technology.
Who is Siemens Energy?
At Siemens Energy, we are more than just an energy technology company. With ~100,000 dedicated employees in more than 90 countries, we develop the energy systems of the future, ensuring that the growing energy demand of the global community is met reliably and sustainably. The technologies created in our research departments and factories drive the energy transition and provide the base for one sixth of the world's electricity generation.
Our global team is committed to making sustainable, reliable, and affordable energy a reality by pushing the boundaries of what is possible. We uphold a 150-year legacy of innovation that encourages our search for people who will support our focus on decarbonization, new technologies, and energy transformation.
Find out how you can make a difference at Siemens Energy: https://www.siemens-energy.com/employeevideo
Our Commitment to Diversity
Lucky for us, we are not all the same. Through diversity we generate power. We run on inclusion and our combined creative energy is fueled by over 130 nationalities. Siemens Energy celebrates character – no matter what ethnic background, gender, age, religion, identity, or disability. We energize society, all of society, and we do not discriminate based on our differences.
Rewards/Benefits
- Opportunity to work on challenging projects in an exciting environment
- Opportunity for remote/flexible work
- Professional support and strong collaboration with colleagues around the world
- Professional development opportunities within the company
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