Consolidation & Reporting Specialist

Lighthouse Green Fuels Limited; Saudi Arabia; On-site; SAR 150,000 - 230,000; Full time

Job summary

Alfanar, a Saudi-based manufacturing and energy solutions company, seeks a Financial Consolidation specialist to support IFRS-compliant group reporting and data integrity across multiple entities.

You will help prepare consolidated financial statements, conduct intercompany reconciliations, and contribute to internal/external disclosures while aligning with audit standards and improving reporting processes.

Qualifications

• Bachelor's degree in Accounting/Finance or related field.
• Work experience 2 to 4 years in financial consolidation or reporting.

Responsibilities

• Consolidate monthly, quarterly, and annual financials across entities.
• Prepare IFRS-compliant consolidated financial statements.
• Perform intercompany reconciliations and resolve discrepancies.
• Maintain and monitor consolidation systems and data accuracy (e.g., Prophix).
• Support internal management reporting and external disclosures.

Skills

Accounting Methods

Financial Reporting

Coordination and Consolidation

Consolidation of Cost Accounts

Education

Bachelor Degree in Accounting and Finance or Any relevant field

Tools

Prophix

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.

Key Accountability Areas

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 elevate any complex operational issues.

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