Consolidation & Reporting Specialist

alfanar; Riyadh; On-site; SAR 150,000 - 210,000; Full time

Job summary

Alfanar is seeking a Financial Consolidation & Reporting professional to support monthly, quarterly, and annual consolidation across entities, ensuring IFRS compliance and accurate reporting.

You will coordinate with divisional finance teams, prepare consolidated statements, and assist audits while driving process improvements and leveraging consolidation tools like Prophix.

Qualifications

• Academic qualification: Bachelor Degree in Accounting and Finance or related field.
• Work experience: 2 to 4 years.
• Technical/functional competencies: accounting methods, financial reporting, coordination and consolidation.

Responsibilities

• Involvement in monthly, quarterly, and annual financial consolidation across multiple entities.
• Preparation of consolidated financial statements aligned with IFRS.
• Execution of intercompany reconciliations and resolution of discrepancies.
• Support internal management reporting and external financial disclosures.
• Assist audits and respond to auditor inquiries.
• Identify and implement process improvements in consolidation workflows.

Skills

Accounting Methods

Financial Reporting

Coordination and Consolidation

Consolidation of Cost Accounts

Education

Bachelor Degree in Accounting and Finance

Tools

Prophix

Job description

Support financial consolidation and reporting across entities, ensuring IFRS compliance, system accuracy, and timely analysis, while contributing to audits and process improvements.

Key Accountability Areas

Job description

Job Purpose

Support financial consolidation and reporting across entities, ensuring IFRS compliance, system accuracy, and timely analysis, while contributing to audits and process improvements.

Financial Consolidation & Reporting

• Involvement in monthly, quarterly, and annual financial consolidation across multiple entities.
• Preparation of consolidated financial statements aligned with IFRS requirements.
• Execution of intercompany reconciliations and resolution of discrepancies.

Systems & Tools

• Maintenance and updating of consolidation systems and tools (e.g., Prophix).
• Monitoring of data accuracy and system performance.

Financial Analysis & Disclosures

• Contribution to internal management reporting and external financial disclosures.
• Support in variance analysis and financial performance reporting.

Collaboration & Coordination

• Coordination with divisional finance teams for timely and accurate data submission.
• Communication of reporting requirements and timelines across teams.

Audit Support

• Preparation of audit documentation and responses to auditor inquiries.
• Alignment with audit standards and internal control procedures.

Process Improvement

• Participation in initiatives focused on improving reporting efficiency and accuracy.
• Identification of areas for enhancement in consolidation and reporting workflows.

Role Accountability

HR Proficiency

• Ability to obtain updated soft and technical skills related to the job.

Delivery

• Perform the planned activities to meet the operational and development targets as per delivery schedules.
• Utilize resources effectively to achieve objectives within efficient cost and time.
• Provide a periodic report formatted by detailing the deviation and execution of planned tasks.

Problem-Solving

• Solve any related problems arise and …

Quality

• Ensure quality requirements to develop effective quality control and processes including specifications for products or processes or related activities.

Business Process Improvements

• Coordinate well-defined written systems, policies, procedures, and seek automations opportunities as much as possible.

Compliance

• Comply to related policy and procedures and work instructions.

Health, Safety, and Environment

• Ensure compliance of relevant safety, quality, and environmental management procedures and controls within defined area of work activity to guarantee safety, legislative compliance, and delivery of high-quality products/services.

Academic Qualification Bachelor Degree in Accounting and Finance or Any relevant field Work Experience 2 to 4 Years Technical / Functional Competencies Accounting Methods Financial Reporting Coordination and Consolidation Consolidation of Cost Accounts

Profile description

Alfanar is a Saudi company with an international presence, primarily engaged in the manufacturing and trading of a wide variety of low, medium, and high voltage electrical products, in addition to its portfolio of conventional and renewable energy solutions, oil and gas, water treatment, infrastructure, technical services, and digital solutions.

The hub of alfanar’s manufacturing operations is Medinet alfanar Alsinaiya, a 700,000 square-meter complex located in Riyadh. The complex houses an array of ultra-modern manufacturing facilities and laboratories equipped with state-of-the-art technologies and staffed with highly skilled professionals.

alfanar derives its success from its commitment to providing the highest quality standards to its customers, and the continuous development of its human capital, who alfanar considers its most valuable asset. With this in mind, alfanar promotes a proactive work environment where its employees are always valued, nurtured, and empowered to fuel their pride in being part of alfanar.

For more information about alfanar, please visit alfanar.com