VP Finance & Accounting - Riyadh, Saudi Arabia
Our client is one of the top Saudi companies covering a broad range of industries. These include: manufacturing, construction, building industry, real estate, electronics, development, marine services, information technology and communication, industrial ventures and investments.
Based in their Corporate Head office in Riyadh the successful candidate will be able to demonstrate an impressive record of achievement and a strong career history.
JOB PURPOSE
Direct the Group's financial planning and accounting practices as well as its relationship with lending institutions and the President / Chief Executive Officer. Also, direct and co-ordinate formulation, preparation, monitoring and presentation of Group's consolidated financial statements and budgets in accordance with the set objectives, targets, policies, procedures and controls.
Reporting directly to CEO
KEY RESPONSIBILITIES
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Oversee and direct the treasury management, zakat, consolidation and budgetary control activities of the Group.
Oversee and direct the treasury management, zakat, consolidation and budgetary control activities of the Group.•Administer the Business Unit Accounting Department in providing and directing procedures necessary to maintain proper records and to afford adequate accounting controls and records.
Administer the Business Unit Accounting Department in providing and directing procedures necessary to maintain proper records and to afford adequate accounting controls and records.•Evaluate the Treasurer in activities as custodian of funds and as negotiator of facilities.
Evaluate the Treasurer in activities as custodian of funds and as negotiator of facilities.•Appraise Group consolidated financial position and issues periodic financial operating reports.
Appraise Group consolidated financial position and issues periodic financial operating reports.•Administer and coordinate with Business Unit Management and the Chief Operations Officer the establishment of budget procedures and approval process for all Business Unit budgets.
Administer and coordinate with Business Unit Management and the Chief Operations Officer the establishment of budget procedures and approval process for all Business Unit budgets.•Ensure that directives are followed in the planning and execution of all activities.
Ensure that directives are followed in the planning and execution of all activities.•Conduct the operation of the Corporate Finance Department so as to encourage optimum utilization of its services by all Business Units' operations. These operations include regular preparation and presentation of the Group's financial information, and reporting to the President / Chief Executive Officer and the Board of Directors.
Conduct the operation of the Corporate Finance Department so as to encourage optimum utilization of its services by all Business Units' operations. These operations include regular preparation and presentation of the Group's financial information, and reporting to the President / Chief Executive Officer and the Board of Directors.•Analyze the Group's financial and operational performance to identify new opportunities for improvements and emphasize actions that should be taken for such improvements.
Analyze the Group's financial and operational performance to identify new opportunities for improvements and emphasize actions that should be taken for such improvements.•Direct and oversee the accounting, reporting, budgeting, financing, investing and funding activities of the Group.
Direct and oversee the accounting, reporting, budgeting, financing, investing and funding activities of the Group.•Develop and prescribe accounting and reporting principles, policies and practices, for use throughout the Group, which are sound and conform to accounting standards and International Accounting Standards.
Develop and prescribe accounting and reporting principles, policies and practices, for use throughout the Group, which are sound and conform to accounting standards and International Accounting Standards.•Ensure timely and effective financial accounting and places key performance indicators to measure financial and operational targets, and identification of variances from budgets and prior period actuals.
Ensure timely and effective financial accounting and places key performance indicators to measure financial and operational targets, and identification of variances from budgets and prior period actuals.•Contribute to the achievement of the Group's objectives through timely, sound and effective financial counsel to the President / Chief Executive Officer.
Contribute to the achievement of the Group's objectives through timely, sound and effective financial counsel to the President / Chief Executive Officer.•Consult with the President / Chief Executive Officer with regards to financial and operational targets, and submits the required financial data to concerned governmental agencies.
Consult with the President / Chief Executive Officer with regards to financial and operational targets, and submits the required financial data to concerned governmental agencies.•Prescribe adequate systems of internal control such as to ensure proper stewardship of assets and to assure accuracy, and adequacy of accounting records and documentation, including appropriate procedures, manuals and standard practice instruction.
Prescribe adequate systems of internal control such as to ensure proper stewardship of assets and to assure accuracy, and adequacy of accounting records and documentation, including appropriate procedures, manuals and standard practice instruction.•Provide support and coordination to the Chief Information Officer for the development/acquisition of integrated business systems in relation to management needs, ensuring that accounting and operational systems are developed within a compatible communications system utilizing common databases as appropriate.
Provide support and coordination to the Chief Information Officer for the development/acquisition of integrated business systems in relation to management needs, ensuring that accounting and operational systems are developed within a compatible communications system utilizing common databases as appropriate.•Keep abreast of current developments in the areas of accounting and financial reporting, and actively participates as appropriate in development of accepted accounting and reporting principles and standards.
Keep abreast of current developments in the areas of accounting and financial reporting, and actively participates as appropriate in development of accepted accounting and reporting principles and standards.•Serve as the principal contact with the external audit firm, and ensure that they are provided close cooperation and assistance in the discharge of their responsibilities, including primarily the Certification of the Group's financial statements.
Serve as the principal contact with the external audit firm, and ensure that they are provided close cooperation and assistance in the discharge of their responsibilities, including primarily the Certification of the Group's financial statements.•Advise Corporate Management (Treasury) about insurance coverage for protection against property losses and potential liabilities such as vehicle insurance, medical insurance, and the like.
Advise Corporate Management (Treasury) about insurance coverage for protection against property losses and potential liabilities such as vehicle insurance, medical insurance, and the like.•Oversee and direct the preparation and issuance of the Group's periodic reports and required statutory reports.
Oversee and direct the preparation and issuance of the Group's periodic reports and required statutory reports.•Contribute to the President / Chief Executive Officer's recommendation to the Board with regards to the Group's corporate strategy and operations as a key member of Executive Management.
Contribute to the President / Chief Executive Officer's recommendation to the Board with regards to the Group's corporate strategy and operations as a key member of Executive Management.•Protect Group's assets, through the development and implementation of sound accounting policies and procedures.
Protect Group's assets, through the development and implementation of sound accounting policies and procedures.•Provide sound and timely financial management decisions and internal controls through evaluation of operations and other key information to the President / Chief Executive Officer.
Provide sound and timely financial management decisions and internal controls through evaluation of operations and other key information to the President / Chief Executive Officer.•Ensure continuing departmental effectiveness through the selection, training, development and motivation of a competent staff.
Ensure continuing departmental effectiveness through the selection, training, development and motivation of a competent staff.ESSENTIAL QUALIFICATIONS
•Masters degree in Accounting or Finance
Masters degree in Accounting or Finance •8- 10 years related experience
8- 10 years related experience•Professional certificate (i.e. CPA or CA or Egyptian/ Arabic equivalent) is preferred.
Professional certificate (i.e. CPA or CA or Egyptian/ Arabic equivalent) is preferred.•Proficiency in both English and Arabic languages.
Proficiency in both English and Arabic languages.•Professional and business expertise.
Professional and business expertise.•Responsible for the safeguarding of Group's assets, the effective accounting for and control of operations for contributing to the formation of overall financial and operating procedures.
Responsible for the safeguarding of Group's assets, the effective accounting for and control of operations for contributing to the formation of overall financial and operating procedures.•Ability to think logically and systematically.
Ability to think logically and systematically.•Ability to collect and analyze financial and operational data.
Ability to collect and analyze financial and operational data.•Adequate Knowledge of accounting systems and software.
Adequate Knowledge of accounting systems and software.•Ability to write reports and presentations.
Ability to write reports and presentations.•Ability to communicate properly in oral and written form.
Ability to communicate properly in oral and written form.•Excellent Computer skills, with a working knowledge of windows applications.
Excellent Computer skills, with a working knowledge of windows applications.To apply in confidence please email your CV to yvette@firstresortrecruitment.com
