Financial Controller

1 day ago

Riyadh, Ar Riyāḑ, Saudi Arabia Misk Schools Full time
Roles and responsibilities

To oversee financial activities, ensuring accurate transaction recording, financial statement preparation, and compliance with IFRS. The role includes managing budgets through preparation, monitoring, variance analysis, and reporting, as well as reconciling account balances and overseeing month-end and year-end closings. It ensures compliance with KSA laws on VAT, WHT, and ZATCA reporting, supports audits, maintains internal controls, and provides expert financial analysis. By optimizing processes and collaborating with stakeholders, the role drives efficiency, compliance, and the organization's financial health.

Areas of responsibility:

  • Prepare monthly, annual, and consolidated financial statements as per IFRS, including monthly reporting packages and submissions to management within agreed timelines.
  • Ensure compliance with and apply in-depth knowledge of International Financial Reporting Standards (IFRS) across all financial activities.
  • Prepare, present, monitor, and report budgets with a strong analytical approach, including variance analysis and reconciliations with actuals.
  • Perform reconciliations of subsidiary and general ledgers, prepayments, and accruals to ensure accuracy, completeness, and compliance.
  • Manage internal controls and compliance, conduct regular audits, and support internal and external audit preparations.
  • Ensure compliance with KSA laws regarding VAT, WHT, and ZATCA reporting while supporting audit preparations.
  • Innovate and optimize systems and processes to enhance efficiency, ensuring timely and accurate financial transactions that align with departmental objectives.
  • Maintain effective and secure filing systems as per internal controls.
  • Collaborate with the Director of Finance to establish and achieve personal performance objectives.
  • Train and mentor junior accountants, reviewing their journal entries for accuracy.
  • Conduct all activities in adherence to Misk Schools' culture, ethics, and policies.
  • Work flexibly and collaboratively across departments, maintaining stakeholder focus on all activities.
  • Undertake additional duties as required by the line manager.
Desired candidate profile
  • The post holder will be required to safeguard and promote the welfare of children and young people and follow the school's safeguarding policies and the staff code of conduct. They will directly support the designated safeguarding lead as a priority to ensure the safety and wellbeing of all students at the school.

Qualifications:

  • Bachelor's degree in accounting, finance, or any related field (essential).

Experience:

  • +8 years relevant experience.

Skills, Knowledge and Abilities:

  • Familiarity with financial accounting statements.
  • Experience and Knowledge of accountancy standards, ZAKAT and taxes.
  • Ability to Analyze Data.
  • Knowledge using ERP.
  • Knowledge of General Business Practices.
  • Ability to Prepare Financial Statements.
  • Proficiency in Accounting Software.
  • Knowledge of Accounting Practices.
  • Critical Thinking Skills.
  • Written and Verbal Communication Skills (Arabic and English).
  • Time Management Skills.

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