Revenue Accounting Director

4 weeks ago

Riyadh, Ar Riyāḑ, Saudi Arabia هيئة الزكاة والضريبة والجمارك Full time
Purpose of Job

The job holder is responsible for managing the Revenue Accounting function in line with accounting policies and procedures.

Job Responsibilities

Strategy and Planning
  • Contribute to the development of Accounting business plan ensuring alignment with ZATCA strategy.
  • Develop the operational plan for Revenue Accounting in line with Accounting business plan and Finance and Administration strategic plan.
  • Implement plans and provide input to enable achievement of Revenue Accounting goals that support ZATCA's overall strategic plans.
Budget Management
  • Discuss Revenue Accounting budgeting requirements with top management and provide input to the budgeting process.
  • Ensure effective utilization of Revenue Accounting budget, and report accurately on progress made and challenges encountered.
  • Investigate and propose implementing initiatives that result in positive financial impact for Revenue Accounting and mitigates financial and operational risks.
Receivables Accounting
  • Manage forecasting of receivables that needs to be collected and ensure monitoring.
  • Develop schedules and systems to enable timely and informative accumulations, adjustments and reporting of financial data related to revenues.
  • Manage relationships with selected banks to be able to benefit from banks' services.
  • Deposit/distribute all cheques or cash receipts to various banks ensuring bank transactions are completed in an accurate and timely manner.
  • Manage revenue accounting activities and reports in headquarters and regional branches to assess revenue collection and ensure bad debts are handled appropriately.
  • Manage the process of reconciliation ensuring accuracy.
  • Monitor ZATCA's collection performance, review developed reports and assess highlighted areas, investigate cases for efficient debt recovery, and come up with suitable and effective improvement measures in order to optimize cash flow and minimize collection write-offs.
  • Submit management and statutory reports and financial statements on accounts receivable ensuring accuracy and timeliness.
  • Transfer revenue accounts to the Ministry of Finance.
People Management
  • Participate in the identification and recruitment of key talent.
  • Guide, mentor and support direct reports in order to execute duties according to set policies and processes.
  • Develop individual performance objectives, provide necessary support, evaluate/appraise team and provide regular feedback on performance.
  • Establish a high-performance working environment and promote ZATCA values.
Job Details
Communication and Contacts
Education
  • Bachelor's degree in Accounting or equivalent is required.
  • Master's degree in Accounting or equivalent is preferred.
Experience
An optimal of 8 years of relevant experience, with a preferred 3 years of experience in managerial level.

Competencies
Professionalism - Proficient
Collaboration and Communication - Proficient
Accounting Standards and Practices - Advanced
Develop Teams - Proficient
Risk Assessment and Management - Advanced
Information Systems Knowledge - Advanced
Leading by Example - Proficient
Asset Management - Advanced
Strategic Thinking - Developing
Financial Reporting and Control - Advanced
Operational Excellence - Developing
Results Oriented - Proficient
Financial Planning and Analysis - Advanced
Customer Focus - Proficient
Enablement of Change and Innovation - Proficient
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