Chief Financial Operations Manager

5 days ago


Riyad Al Khabra, Saudi Arabia WUZZUF Full time

Job Overview:

The Chief Financial Operations Manager plays a crucial role in ensuring the smooth operation of finance and accounting functions for four companies. This individual will be responsible for managing day-to-day financial activities, preparing timely financial statements, and handling month-end closing activities.

Key Responsibilities:

  • Financial Statement Preparation: Prepare timely monthly standalone & consolidated financial statements and management reports as per the company's requirements.
  • Month-End Closing Activities: Handle month-end closing activities, ensuring all transactions are recorded according to accounting policies and procedures, and that the book of accounts is properly closed.
  • Journal Entries: Prepare/review period-end journal entries in Oracle GL, ensuring accurate and complete records.
  • Reconciliations and Schedules: Review reconciliations and GL schedules as per the closing calendar, ensuring accuracy and completeness.
  • Fixed Assets/Depreciation: Create fixed assets / depreciation in Oracle, adhering to company policies and procedures.
  • Financial Reports: Prepare/review financial statements and management reports as per the monthly closing calendar.
  • Cash Flow Statements: Prepare monthly cash flow statements with forecasts, providing valuable insights for business decision-making.
  • Supplier Invoices/Payments: Review supplier/inrelated party invoice accounting and its payments, ensuring timely and accurate processing.
  • Payroll Processing: Check payroll and WPS, facilitating the release of salary one day before the scheduled day each month.
  • Accounts Receivables: Prepare related party invoices for shared service cost recharges, reconcile balances with related parties, and follow up on AR with associated parties.
  • VAT Return Report: Prepare/review VAT return report on a quarterly basis, making VAT payments before due dates, and reviewing investment-related transactions in Oracle.
  • Investment Transactions: Review and record all investment-related transactions in Oracle (buy/sell/contribution/distribution/dividends, etc.).
  • Investment Reports: Reconcile custody/broker account balances with investment books, prepare daily/monthly investment reports, and assist in budget preparation and schedules.
  • Bank Reconciliation: Prepare bank reconciliation statements for every month.
  • Audit Support: Handle external/internal auditors as and when audits start, ensuring seamless collaboration and communication.


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