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About the job
Overview
Job Title/ Position
Accounting Director
Job Code
Job Level/ Grade
Director
Type of Position
Full time
Reports to
ED – Financial Reporting & Control
Direct Reports
2
Division
Financial Reporting & Control
Department
Finance
Job Location
NEOM Office
Role Purpose
The responsibility of the Director - Accounting is to act as dedicated point of contact for Sector/Region regulating all finance activities on behalf of central finance functions and guiding entities on finance needs during incubation journey
Responsible to drive activities for Incubations and provide necessary guidance
Drives actionable plans and brings the relevant support from central finance to manage entities needs
Performance Measures (KPIs)
Adherence and compliance to incubation kit, policies, timelines and plans
Timely and comprehensive support to regions and sectors
High satisfaction survey results for customers (sectors/region)
Key Accountabilities & Activities
Key Responsibilities
FP&A
Align with the Planning & Control team to understand the new entities to be incorporated / established
Confirm with Strategic Finance and FP&A team for the status / availability of the strategic plan, business plan and business cases
Receive and understand the entity’s strategic plan, business plan and business cases to ensure understanding of the incorporation timelines
Liaise and connect Region / Sector to Central Finance teams for any specific guidance and support on business plans and to opex and capex budgeting requirements
Receive and understand forecasts and its alignment with broader business plan
Advise Sectors / Regions on existing finance systems landscape, recommend system readiness needs and connect with finance systems team in Finance Transformation function
Provide guidance on key requirements for commercial analysis management reporting, governance and approval mechanisms
Financial Reporting & Control
Support in induction of entity and leverage the incubation kit to inform Region / Sector of finance policies, process, governance and systems
Spread awareness about enablers, tools and accelerator available to perform transactional activities
Coordinate and channelize the Sector / Regions requests for accounting, month end close and finance transactional reporting requirements, including
Accounting posting for entities to be done by central finance accounting team
Asset addition, transfer, disposal forms based on the asset information provided by entities
Month end close activities for the entity, coordinating with various team within the entities
Troubleshoot requests for GL and Subledger reconciliations and Bank reconciliation issues
Act as point of contact for Accounting and transaction recording issues and provide advisory on support resolution in coordination with central finance teams
Liaise with sectors/regions to provide awareness about financial reporting, IFRS and the support available in central finance for IFRS and financial reporting matters
Support Regions / Sectors on requirements and needs for project Accounting and Controlling, key stakeholders in central finance
Liaise with sectors and regions to channelize the requests for asset capitalisation based on project completion document and the confirmed assets constructed
Financing, Treasury, Insurance
Liaise with sector and regions to guide them on the various funding options and roles of Central Finance teams of Corporate Finance, Infrastructure Finance and/or Treasury
Coordinate with Corporate Finance or Infrastructure Finance to channelize the financing needs
Monitor funding requirements and capital structure provided to sectors/regions and inform sectors/regions and central finance team for any inconsistencies in process/policy compliance
Inform sectors/regions about the key requirements and documentations for bank account creation (e.g. KYC documents, board resolution, authorized signatories, bank dealing mandate, online banking, pooling agreement)
Periodically, receive and understand the consolidated cash flow forecasts for sectors/regions and support in liaising with central finance for cash flow needs
Liaise with sectors/regions and guide them about the insurance policies and processes and connect with relevant stakeholders
Support Regions / Sectors with enablers, tools and accelerators available for insurance related activities
Background, Skills & Qualifications
Knowledge, Skills, and Experience
15 or more years’ experience in a similar role with a strong background in establishing subsidiaries, JV’s and SPV’s
Extensive knowledge in Financial & Management Accounting
Extensive knowledge in Planning, Budgeting and & Management Reporting
Knowledge of Financial and Management Consolidation, SAP and BI
Qualifications
Post-graduation degree or equivalent in management accounting and/or Finance
Finance/Accounting certifications/qualification (CA, CPA, CMA, ACCA, or similar)
MAIN CONTACTS
Internal
External
Sector / Region teams and their leadership
EDs/Directors/team members of Financial Control & Reporting & Transformation
Strategic Finance team members
Regulatory & Governing bodies
Consultants/Advisors
Public Investment Fund / Other stakeholders
Ministry of Finance
External auditor
Seniority Level: Executive-Level
Job Functions: Software Development
Industries : Information Technology
