Financial Controller

Job Title:

Financial Controller

Department:

Finance Department

Location:

Limassol, Cyprus or remote

Reports To:

Financial Controlling Lead

Job Summary:

The Financial Controller will be responsible for overseeing and managing employee cash advances and personal expenses of the UBO. The role ensures accurate tracking, reconciliation, and control of these transactions in compliance with company policies and best practices. In addition to these key responsibilities, the Financial Controller will support the Financial Controlling Lead in monitoring financial processes, enhancing controls, and providing detailed reporting and analysis to maintain operational efficiency and financial integrity.

Key Responsibilities:

1. Employee Cash Advances Control

    •         Oversee the issuance, monitoring, and reconciliation of employee cash advances.

    •         Ensure timely settlement and recovery of outstanding advances.

    •         Implement controls to prevent delays, misuse, or irregularities in cash advances.

    •         Maintain detailed and up-to-date records of cash advances for audit and reporting purposes.

    •         Communicate regularly with employees and managers regarding outstanding advances.

2. Personal Expenses of UBO

    •         Control and monitor personal expenses of the UBO to ensure accuracy, proper categorization, and timely reconciliation.

    •         Track payments made on behalf of the UBO and maintain a detailed record of transactions.

    •         Prepare regular reports summarizing UBO expenses, highlighting trends and exceptions.

    •         Ensure all expenses comply with company policies and regulatory requirements.

3. Reconciliation and Reporting

    •         Prepare and maintain detailed reconciliations for all employee cash advances and UBO personal expenses.

    •         Provide periodic reports to the Financial Controlling Lead and senior management regarding outstanding advances and expenses.

    •         Support month-end and year-end close processes with relevant reconciliations and analysis.

4. Financial Controls and Compliance

    •         Implement and maintain internal controls over cash advances, expenses, and reconciliations to minimize risks.

    •         Conduct periodic reviews to ensure compliance with internal policies and financial best practices.

6. Budget Monitoring and Analysis

    •         Support the Financial Controlling Lead in monitoring budgets related to advances and personal expenses.

    •         Analyze spending trends and provide actionable recommendations for cost control.

    •         Identify anomalies or irregularities in expenses and escalate for resolution.

7. Collaboration and Support

    •         Work closely with accounting, treasury, and administrative teams to ensure smooth cash flow and compliance.

    •         Collaborate with senior management to align UBO-related financial processes with broader financial goals.

    •         Support the Financial Controlling Lead with ad hoc financial analyses or projects.

Key Qualifications and Skills:

Education & Certification

    •         Bachelor’s degree in Finance, Accounting, Economics, or a related field.

Experience

    •         Minimum 2-3 years of experience in financial controlling, expense management, or a related role.

    •         Experience managing reconciliations, expense controls, and financial reporting processes.

Skills

    •         Strong attention to detail and organizational skills to manage multiple tasks simultaneously.

    •         Proficiency in financial software, ERP systems, and advanced Excel skills.

    •         Solid understanding of internal controls, reconciliations, and financial compliance.

    •         Excellent analytical, problem-solving, and communication skills.

    •         Ability to handle sensitive and confidential information with integrity.

Languages

    •         English - Intermediate; additional language skills (e.g., Russian, Ukrainian) are an advantage.