Budget & Accounting, Audit, Tax, Manager

2 weeks ago


Riyadh, Ar Riyāḑ, Saudi Arabia Nomac Full time
People Management

  • Manage the effective achievement of the team's objectives through setting individual objectives, managing performance, developing the team and providing formal and informal feedback to maximize overall performance, engagement and motivation.
Financial Accounting and Reconciliation

  • Design and implement the preparation and review process of consolidating financial statements both under Saudi GAAP and IFRS (Riyal & US$) and identify and implement 'stop gap' financial reporting system for consolidation.
  • Verify and review the transaction flows and setup enabled for posting transactions to NOMAC and sibsidiaries' general ledger and ensure that financial accounting transactions are accurately and properly reflected in the accounting books in accordance with accounting procedures, regulatory requirements, and any other relevant international accounting standards and practices.
  • Oversee the account payables and receivables related activities and ensure that the payable and receivable balances are regularly reviewed and cleared before year end.
  • Oversee and ensure the reconciliation of transactions and bank statements promptly and accurately to ensure that all payments and accounts are matched and reconciled regularly and to ensure an updated general ledger.
  • Carry out accurate endorsing/approvals of invoice payment authorizations, payment vouchers, cheques, bank instructions and other related financial documentation in order to facilitate timely processing of payments as per defined policies & procedures.
  • Provide technical accounting assistance to teams at (on standards such as leasing, contracts, derivatives, deferred taxes, consolidation, accounting for FX, transfer pricing etc) subsidiaries as well as business development deals including preparation of accounting whitepapers for accounting issues, maintaining data base for technical accounting issues and contract assessments etc.
Financial Reporting

  • Develop detailed financial reports for the KSA operations including budget, key metrics, forecast, etc., in collaboration with the plants, in order to ensure they are developed in a timely, efficient, and accurate manner.
  • Review and ensure the proper generation of monthly, quarterly, and annual consolidated financial statements for NOMAC and its subsidiaries in KSA, in order to ensure correct, consistent and timely submission by finance team / subsidiaries to JVA partners, tax authorities, external auditors and senior management.
  • Prepare presentations for various stakeholder including senior management, Board Audit Committees, and Board of Directors, to provide an overview of the financial health of NOMAC.
Month-end closing activities

  • Oversee and ensure the timely execution of all the closing activities for NOMAC Holding Company / KSA subsidiaries, on a monthly basis in line with accounting policies and procedures to ensure transactions are recorded accurately and reflect the financial standing.
  • Work with the Corporate Finance Teams in debottlenecking the month end processes in order to achieve error free and timely monthly closing.
Financial Analysis

  • Carry out financial analysis including trend analysis, variances, etc. and identify rationales for them, in order to provide suitable justification to the management.
  • Review various financial metrics on a monthly basis, analyse trends and provide advice to the senior management to protect and enhance group profitability from a longterm perspective.
Coordination

  • Provide support to the finance team in developing and strengthening the local bank relationships in KSA, in order to ensure these relationships, serve the interest of the Company.
  • Arrange service agreements with all subsidiaries and charge back hours provided by team to subsidiaries through implementation of corporate wide time sheet system.
Audits

  • Assist in the completion of audits for the KSA region by ensuring a thorough review of financials and reporting of any discrepancies to ensure timely completion of audits and implementation of audit results by the entities.
International Standards

  • Design and implement best practice accounting systems and processes including closing check lists and closing processes, chart of accounts, time sheets, financial policy manual, monthly flash reporting and analysis etc., to ensure seamless management of financial processes.
  • Remain abreast with the latest IFRS and other laws and regulations in order to ensure that work output is in conformity with accepted practices.
Policies, Processes, Systems & Procedures

  • Ensure the implementation of financial policies, procedures and internal controls covering all areas of activity to ensure compliance.
Continuous Improvement

  • Identify opportunities of improvement and contribute to organisational and departmental change initiatives, programmes and projects taking into account best practice and standards in the business environment.
Health, Safety, Security and Envir

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