Job Detail
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Job ID 1424
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Experience 10 Years +
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Qualifications Degree Bachelor
Job Description
Principal Responsibilities & Accountabilities:
- Preparation of financials statements and related reports to internal & external stakeholders within stipulated reporting time frame.
- Ensure financials statements are in compliance with IFRS guidelines and fulfils other regulatory requirements of the Kingdom (SOCPA, Shari’ah, etc)
- Liaise with Internal Auditors for completion of Audits on timely basis and address audit findings by means of rectification & implementation of financial & non-financial controls and provide constructive feedback.
- Liaise with external auditors for completion of interim & final audits and facilitate the auditors to issue the signed financials on time.
- Coordinate with finance team to complete assigned month-end accounting tasks within deadlines
- Perform thorough analysis over expenses periodically to ensure completeness and accuracy of the expenses prior to declaring the monthly profits to management.
- Perform thorough analysis over monthly GP margin (branch wise & product wise) prior to declaring profits to management
- Review and recommend changes to accounting policies as required to meet the business requirements
- Making Special Report based on request from Management.
- Design effective budget models for departments and the entire company
- Analyze financial information (e.g. revenues, expenditures and cash management) to ensure all operations are within budget
- Present annual budgets to steering committee
- Review budget requests for approval specially expenditures related capital assets
- Forecast future budget needs
- Implement and monitor budgetary controls to align different business units to achieve the common budget goal.
- Identify variances between actual and budgeted financial results at the end of each reporting period
- Provide constructive feedback to improve and control spending with profit maximization motive
- Ensure department managers meet budget submission deadlines
- Perform financial forecasting, reporting, and operational metrics tracking
- Analyze financial data – and create financial models for decision support
- Report on financial performance and prepare for regular leadership reviews
- Analyze past results, perform variance analysis, identify trends, and make recommendations for improvements
- Work closely with the accounting team to ensure accurate financial reporting and decision support
- Evaluate financial performance by comparing and analyzing actual results with plans and forecasts
- Guide cost analysis process by establishing and enforcing policies and procedures
- Provide analysis of trends and forecasts and recommend actions for optimization
- Recommend actions by analyzing and interpreting data and making comparative analyses; study proposed changes in methods and materials
- Identify and drive process improvements, including the creation of standard and ad-hoc reports, tools, and Excel dashboards
- Increase productivity by developing automated reporting/forecasting tools.
- Developing financial strategy, including risk minimization plans and opportunity forecasting
- Analyzing the System and providing the feedback to improve System
- Involved in the New Development Implementation E.g. Designing, Planning and Implementation.
- Identify loopholes and recommend risk aversion measures and cost savings
- Report on financial performance and prepare for regular leadership reviews
- Additional controller duties as necessary
Qualifications:
Bachelor’s degree in financial accounting., Business Administration, or a related field.
Experience:
8-15 years of experience in finance.
Skills:
It is a plus to be a member of recognized professional accounting body such as CA, CMA, CIMA, ACCA, CPA and
any other similar accounting body recognized by IFAC.