Gl & Reconciliation

Develop the methodology for assigning and maintaining the company’s chart of accounts and the associated cost centres.
- Design and implement effective control system to ensure that the GL accounts are frequently and timely monitored from which the changes are approved by the correct authorise(s) prior to execution.
- Organize the journal systems to ensure that the journal entries are properly prepared, supported by adequate documentation, dually reviewed, correctly approved, and accurately recorded/posted.
- Complete monthly review of GL accounts, cost centre allocations and the financial deck of reporting to support the accuracy and timely delivering of the different financial reports.
- Lead the development and system changes of the GL projects.
- Drive the GL processes, policies, procedures and controls.
- Establish an approved Reconciliations Matrix “RM” which covers the ownership, timelines, documentation and reporting of the GL and sub-GL reconciliations.
- Monitor the completion and appropriateness of the reconciliations as assigned in the RC.
- Ensure that adequate segregation of duties is fully leveraged in the reconciliation processes.
- Report material reconciling items, outstanding accounts and/or any discrepancies with proper corrective actions for review and approval
- Prepare the monthly cost trend analysis including the root-cause analysis and the comparison between flash figures versus the AOP and report the outcome the Finance Senior Management for review and decision making.
- Ensure the monthly review, GL posting and reporting of the governance payments (i.e. SAMA, CCHI, the remuneration of the Board and Board Committees members, Related Parties.
- Ensure monthly reconciliation and reporting of accruals and payments.
- Lead the follow up and co-ordination process to ensure the appropriateness and the completion of the month-end tasks and reconciliations.
- Finalize the final month-end / year-end closing adjustment entries following the review and approval of the Finance Senior Management.
- Develop, implement and monitor internal financial controls
- Review and authorize non-supplier payments and ensure that proper process / procedure has been addressed in order to safeguard the company's assets
- Ensure reviews of GL Account and cost centre allocation, to maintain proper cost centre reporting
- Perform the lead R&C role on systems and projects related to the GL Financial accounting systems, processes, policies, procedures and controls.
- Carry out goal setting, manage and constantly review individual performance.
- Provide regular feedback, coaching and development.
- Motivate, empower and enable direct reports by providing the necessary tools and support required to achieve the organizational development objectives.

**Skills**:

- Publicly listed company
- Publicly listed company
- Big 4 External Audit
- Saudi Insurance experience is a plus
- IFRS / SOCPA knowledge
- Knowledge of SAMA reports, rules and guidelines
- Competent in both Arabic and English languages written and spoken

**Education**:
Bachelor's degree in accounting