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Job Purpose
To supervise the assigned area of accounting & reporting. Working closely with the Manager Finance and related departments on internal controls compliance, audits, and other areas in order to ensure that financial statements are accurate and transactions are in compliance with the Company’s policies and procedures, regulatory requirements, and IFRS.
Key Accountabilities
Financial records are to be maintained in a timely, accurate, and complete manner always, in accordance with applicable standards / IFRS / Company Policy.
Improve the quality of financial data through adequate process and standards implementation with regards to accounts closing process, bookkeeping, valuation, reconciliations, provision, cost and revenue allocation and control, including post-closing reviews and verifications.
Making sure that all monthly/quarterly/annual closing deadlines for Enova & Shareholders are taken care of.
Ensure adherence of the team with financial policies and procedures set out by the company.
Monthly Project Financials, overall P&L and Balance Sheet to be reviewed in detail, as per company guidelines/policy and to align numbers with FP&A.
Analyze financial discrepancies and recommend effective and immediate resolutions.
Full ownership and responsibility to ensure accuracy (relevant period, matching principle, GL, cost/profit center allocation, BS/PNL reconciliations).
Closing files to be readily available in the shared folder as per group deadlines, in standard format, and relevant schedules signed-off.
Ensure all sub-modules of ERP match with Trial Balance amounts, monthly.
Ensure Control over Petty Cash, Intercompany and all Financial records.
Take lead role on IFRS and other technical accounting matters.
Support & train all regional team members on IFRS9, IFRS16, IFRS15 and other IFRS requirements.
Preparing non-routine financial data as requested in order to support management decision making.
Strengthen the overall control environment in active collaboration with Head office team / Internal Control team.
Take leading role on Internal Control, cascade, implement and ensure a strong and sustained control environment.
Ensure adherence of the team with company financial policies and procedures
Audit engagements' (external and internal) lead & support for timely completion as per deadlines. Statutory financials to be signed as per deadlines.
IA observations to be resolved within committed timelines, and no observation reopening.
Cap campaign to be correctly addressed (control requirements to be ensured, documentation to be in place)
Closing process to be aligned with Group guidelines/Policy.
Ensure full compliance with IAS/IFRS and maintain consistency.
Evaluate Financial position of key vendors as per policy.
Maintaining the Fixed Assets Register of the company and ensuring proper reconciliations are performed monthly.
To ensure that all the assets are properly tagged on a periodic basis as per company policy, and the tagging details are updated in the system.
Reconciliation of IFRS16 tool bridge with GL on monthly basis.
To perform reconciliation and provision of inventory on a monthly basis.
Plan, coordinate, organize and perform physical inventory count on periodic basis as per the policy.
Perform monthly reassessment of provisions related to inventories.
Ensure monthly reconciliation between inventory ERP module, ERP GL Module and Inventory system.
Efficient management of Accounts Payable and Accounts Receivable and timely reconciliations of these modules with the GL.
Close monitoring of all AR and AP related BS schedules
Close follow up with AP and AR accountants to ensure compliance to company policy and deadlines.
Ensure SOA reconciliation with all Customers on monthly basis to boost collection and to avoid any conflict.
Customer Invoicing process to be standardized, streamlined, and processed on time.
Monthly customer Invoice preparation / submission, Revenue and P6 Markup Trackers need to be updated.
Active follow-up and collaboration with Ops for improved collection performance
Regular collection meeting with Ops. Minutes of Meeting need to be issued after the meeting.
Ensure SOA reconciliation with all major vendors monthly and with smaller vendors on a quarterly basis.
Close monitoring of AP Aging and Vendor open POs.
Efficient Vendor and vendor payment management. Close monitoring of cash flow.
Ensure compliance with tax & zakat, VAT and WHTwithout any delay or penalty (calculation, payment, return submission, Tax Inspection).
Ensure full compliance / audit / engagement renewal for E-Invoicing, Local Content, Iktiva, Transfer Pricing and Double Taxation Treaty.
Ensure that all Taxation, Zakat, and regulatory compliance requirements are done proactively without any follow-up, delays and fines.
Effective and efficient contribution to new ERP implementation projects including providing feedback, attending meetings, provide data/reports, checking the data, testing and migration.
Data cleaning before migration to new ERP
Manage ERP related timelines, meetings, and requirement submissions together with other current/routine tasks.
Ensure to communicate with ERP implementation team regarding all reports/information/functions which are not available in the current ERP but should be included in the new ERP.
Focused on implementing best practices vs. systematic automation, and balance cost/benefit.
Collaboration with other departments (Operations, Procurement, HR, IT, other departments) to improve business processes
Making sure to keep the relevant non-Finance depts updated regarding financial impacts of their areas.
Training/education of non-finance colleagues to enhance business processes affecting finance.
Review of Project Financials with Operations team on monthly basis and take necessary actions
Streamline team structure, clearly define roles and responsibilities, create backup plans for leave and separation.
Focus on developing a resilient model structure (standardize processes, documentation, handover methods to ensure departures and terminations are mitigated)
Assess and recommend development plans, focusing on key team members.
Delegate wherever possible, make team accountable for their tasks, continuously monitor the performance and provide guidance/feedback for improvement.
Engage with team on regular basis for Training & Development / IC & audit issues / Awareness on P&P and best practices / Closing and to enhance team work etc.
Ensure compliance, where applicable and relevant, to all relevant quality, health, safety and environmental management procedures and controls within a defined area of activity to guarantee employee safety, compliance, delivery of high-quality products/service and a responsible environmental attitude
Qualifications, Experience, Skills
Bachelor's degree & professional accounting qualification – ACCA / CPA / ACA (Qualified) is mandatory.
7+ years (at least two years in Audit Firm) of progressively responsible experience for a major company or division of a large corporation.
Experience as an External Auditor with Big-4 or other reputed Audit firms.
Expert knowledge in IFRS
Excellent communication skills.
Deadline oriented.
Advanced Excel skills and knowledge of electronic spreadsheets
Application of KSA Taxation, Zakat, Local content, Iktiva and E-Invoicing and other regulatory requirements would be an added advantage.
Strong experience of working with ERP such as Microsoft Navision / D365 would be preferable.
Seniority Level: Executive-Level
Job Functions: Finance & Accounting
Industries : Information Technology
