Major Duties and Responsibilities:

• Obtain and maintain a thorough understanding of the financial reporting and general ledger structure.
• Ensure the accuracy and authenticity of all accounting transactions as per the IFRS guidelines.
• Ensure an accurate and timely monthly, quarterly and year end closing and reporting.
• Provide necessary information and data required by the Auditors (Statutory & Internal)
• Ensure the quarterly reviews and annual auditing as per the management deadlines.
• Proper Accounting, monitoring and reconciliation for Intercompany transactions.
• Monitoring and reporting related party transactions.
• Ensuring timely collection from debtors.
• Recommend for appropriate provisions for bad debts on a consistent basis as per the company policy.
• Controls on records keeping, proper filing and documentation.
• Ensuring appropriate provisions for Zakat & VAT and coordinating for submission of monthly returns and obtaining final Certificates from the ZATCA.
• Coordinate with consultant for Withholding Tax (WHT) clearance and submitting necessary documents for WHT provisions. Ensuring compliance with WHT rules on monthly and quarterly basis.
• Inventory valuation and ageing analysis.
• Monitoring Fixed Assets Accounting and depreciation computation.
• Proper and timely booking of provisions, accruals and prepaid expenses
• Appropriate and accurate provisions for End of Service benefits.
• Keeping track of important Insurance policies of the company.
• Supports budget and forecasting activities.
• Competent in making 3 to 5 year’s financial projections.
• Must be conversant in making the capital investment evaluations (IRR, NPV Payback period etc.)
• Collaborates with the other department managers to achieve the overall goals and objectives of the company.
• Monitors and analyzes department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.
• Advises staff regarding the handling of non-routine reporting transactions.
• Ensure that efficient cash flow is achieved in the entity.
• Responds to inquiries from the CFO, FC, Reporting Manager, Treasury Manager and other department managers regarding financial results and special reporting.
• Work with CFO, FC, Reporting Manager and Treasury Manager and to ensure clean and timely quarterly review and yearend audit.
• Supervise the general ledger group to ensure all financial reporting deadlines are met.
• Assist in development and implementation of new procedures and features to enhance the workflow of the department.
• Provide training to new and existing staff as needed.
• Handle personnel issues relating to staff conflicts, absenteeism, performance issues.
• Work with each direct report to establish goals and objectives for each year and monitor and advice on the progress to enhance the professional development of staff.
• Prepare the KPIs for all direct reports.
• Additional duties as directed by CFO

Managerial

• Excellent communication skills and the ability to communicate financial issues with non-finance professionals and volunteers.
• Problem solving ability.
• Strong team player.
• Excellent interpersonal skills.
• Good planning and organizational skills.
• Priorities workload and meet strict deadlines.

Competencies

The following competencies must be met and practiced on a continuous basis: