Job Details
Type: Full Time
Post Date: 30+ days ago
Industry: Business And Finance
Job Description
Major Duties and Responsibilities:
Understand and maintain familiarity with the financial reporting and general ledger structure.
Ensure the accuracy and compliance of all accounting transactions with IFRS guidelines.
Conduct accurate and timely monthly, quarterly, and year-end closing and reporting.
Provide required information and data to Auditors (Statutory & Internal) for audits.
Manage quarterly reviews and annual auditing within management deadlines.
Properly account for, monitor, and reconcile Intercompany transactions.
Monitor and report related party transactions.
Ensure timely collection from debtors and recommend provisions for bad debts.
Maintain controls on record-keeping, filing, and documentation.
Coordinate provisions for Zakat & VAT, and ensure compliance with related regulations.
Coordinate Withholding Tax (WHT) clearance and compliance on a monthly and quarterly basis.
Conduct inventory valuation and aging analysis.
Monitor Fixed Assets Accounting and depreciation computation.
Book provisions, accruals, and prepaid expenses accurately and in a timely manner.
Ensure appropriate provisions for End of Service benefits.
Manage important Insurance policies of the company.
Support budgeting, forecasting activities, and financial projections.
Evaluate capital investments (IRR, NPV, Payback period, etc.).
Collaborate with other department managers to achieve overall company goals.
Monitor and analyze department work for efficiency and resource utilization.
Advise staff on handling non-routine reporting transactions.
Ensure efficient cash flow in the entity.
Respond to inquiries from senior management regarding financial results and special reporting.
Collaborate with CFO, Reporting Manager, and Treasury Manager for clean and timely reviews and audits.
Supervise the general ledger group to meet financial reporting deadlines.
Assist in developing and implementing new procedures to enhance department workflow.
Provide training to new and existing staff as required.
Handle personnel issues and monitor staff performance and development.
Prepare KPIs for direct reports.
Perform additional duties as directed by the CFO.
Managerial:
Excellent communication skills to convey financial matters to non-finance professionals.
Strong problem-solving ability.
Effective team player.
Excellent interpersonal and organizational skills.
Ability to prioritize workload and meet deadlines.
Competencies:
Skills
Qualifications
Experience
Qualifications:
ACA, ACCA, CPA, ACMA, or equivalent.
Bachelor of Commerce with a major in Accounting and Costing and a Chartered Accountant.
Experience:
Minimum ten years of managerial experience in finance and accounting in large Manufacturing, Utilities, and Trading industries.
Proficiency in PC applications, especially Microsoft Excel, Word, and PowerPoint.
Experience with ERP systems, preferably Microsoft Dynamics - 365.
Strong verbal and written communication skills.
Strong interpersonal and supervisory skills.
Ability to multitask, work under pressure, and meet deadlines.
Relevant experience in preparing management and financial accounts in accordance with IFRS regulations in a multi-company organization.
Experience in planning, budgeting, forecasting, and Financial Analysis.
Experience in consolidation of group accounts and computation and filing of Zakat & VAT returns.
Preference will be given to candidates with auditing experience at a managerial level in "Big 4" auditing firms.
Job Details:
Job Location: Riyadh, Saudi Arabia
Company Industry: Manufacturing
Company Type: Private Sector Employer
Job Role: Finance and Investment
Employment Type: Full-time Employee
Monthly Salary Range: Unspecified
Number of Vacancies: 1
Our primary vision is to be the customers' choice to supply leading-edge products to satisfy the the customer demand for products. We strive to do this by: Acting with integrity and respect for others, Being safe and environmentally responsible, Committing to achieving success for our customers, Delivering value and profit and Excelling in our operations. In today’s world, managing a business on the fast track involves a complex intermixing of management strategies, sound corporate planning and professional and motivated managers. This is a time of change for Saudi Arabia. Armed with our core competence in marketing, technology, and management of customer relationships, we work towards excellence in every field. Our well-diversified product range is our major strength. Considering the opportunities emerging in the Gulf region in general, and the Kingdom of Saudi Arabia in particular, our future philosophy for fast track growth will depend heavily on joint ventures with partners of high standing and business ethics. We offer world-class products sourced from quality suppliers from all over the world. We have implemented ISO 9000 across our Group. While optimizing financial results for the organization we ensure that the citizens of Saudi Arabia, our valued customers, will get the best value for their money. Every successful business hinges on the human resources of the organization. Unless employees are cut out for their jobs and aptly honed in technical and management skills, the cutting edge will become blunt in no time. The process of inducting locally available skills at various levels is also very much a part of our management philosophy. KFB Holding Group was founded by Mr. Khalid AlBoayz, a first generation entrepreneur, in 1981. He has brought with him a considerable sense of ethics and responsibility to his employees, partners, and customers. Mr. AlBoayz is firmly committed to bringing the latest products and technologies to Saudi Arabia, while ensuring that they are suited and suitably re-engineered for local conditions. As President of KFB Holding Group, Mr. AlBoayz has implemented and upheld the best business practices, making it one of the trusted companies in the GCC region.
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