Scope of Job:
- Management of accounts preparation.
- Consolidation of group accounts.
- Planning, budgeting and Forecasting.
- Financial Modelling, Planning, Analysis and Reporting.
- Provide financial information service to management.
- Financial Support.
Reporting: Reporting to the Chief Financial Officer. Will havecontact with various parts of the organization in the Group.
Decision Making Authority:
The post holder will have to use their judgement in advising to Chief Financial Officer/ Financial Controller to achieve financial and other related group level goals.
Main Duties and Key Responsibilities:
Management Accounts Preparation 30%
- Produce monthly management accounts and provide comments on Variances for management reporting purposes in liaison with Financial Controller, Finance Director / Finance Manager /Accounts Manager.
- Review and analyze monthly management accounts prepared by Finance Managers of subsidiary companies of the same Group for management reporting purposes.
- Undertake forecast variance analysis at agreed intervals during the year in conjunction with budget holders.
- Improve financial status by analyzing results; monitoring variances; identifying trends; recommending actions to management.
- Providing financial models and forecasting.
- Working with the Chief Financial Officer/ Financial Controller to update the format of the management accounts or other reports.
Consolidation of accounts 20%
- Consolidations of accounts on quarterly and annual basis for accounting review and auditing purposes by the statutory auditors.
- Coordinate with statutory auditors for effective and efficient completion of audit/review within agreed time line in liaison with Financial Controller/ Finance Director / Finance Managers / Accounts Managers of the group of companies.
- Review financial information to be sent to outside parties.
Planning and Budgeting 30%
- Assist the Chief Financial Officer / Financial Controller with the planning and budgeting process in liaison with Finance Director/ Finance Managers/Accounting Managers of the same group of companies.
- Provide training to budget holders so that they understand key financial concepts.
- Ensure all budget holders understand the financial information they are sent every month and to answer questions they may have.
- Assist budget holders with preparation of budget templates.
- Collate budget holder planning and budgeting information.
- Produce the budget book.
Provide financial information service to management 10%
- Produce reports for the Chief Financial Officer / Financial Controller
- Produce reports for Executive Group.
- Investigate possible cost saving areas.
Financial Support 10%
- Provide all budget holders with up to date information in relation to their budgets.
- Under the direction of the Chief Financial Officer/Financial Controller, produce ad-hoc information on the group’s finances to the Executive Group.
- Write and format accounting reports, in order to improve accuracy of information produced and overall departmental performance.
- Assist with financial training throughout the group.
Other Duties
• Any other duties assigned by the senior executive team members.
Job Details
| Posted Date: | 2024-03-10 |
| Job Location: | Saudi Arabia - Riyadh |
| Job Role: | Finance and Investment |
| Company Industry: | Manufacturing; Financial Auditing |
Preferred Candidate
| Career Level: | Management |
| Gender: | Male |
| Degree: | Bachelor's degree |
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