Director of Financial Accounting and Reporting

Confidential Careers; Riyadh; On-site; SAR 200,000 - 300,000; Full time

Job summary

A leading company in financial services seeks an experienced accounting manager in Riyadh, Saudi Arabia. Responsibilities include preparing financial reports, supervising accounting processes, and training staff. The ideal candidate will have a strong understanding of accounting principles and the ability to lead a team effectively. This role is crucial for ensuring compliance with financial standards and overseeing all financial operations. Join a dynamic team dedicated to excellence in financial management.

Qualifications

• Experience in preparing financial reports and statements.
• Strong knowledge of accounting principles and practices.
• Ability to supervise accounting processes and teams.

Responsibilities

• Prepare monthly, quarterly, and year-end financial reports.
• Supervise accounts payable, accounts receivable, and general ledger.
• Direct and motivate staff accountants.

Job description

Responsibilities

• Prepares accounting and financial reports the Establishment in the preparation of the monthly, quarterly and year-end financial packages and financial statements including recording, classifying, and summarizing financial transactions
• Supervises the processes & sub ledgers (system) of accounts payable, accounts receivable, General Ledger, Fixed Assets.
• Develops and prescribes accounting and reporting principles, policies and procedures
• Manage and control the monthly, quarterly, and year-end Closing
• Directs, motivates and trains staff accountants and ensures effective departmental operations, both currently and in the future, through the selection and deployment of competent accountants
• Manage the external & internal audit enquiries.
• Creating and implementing the accounting work plan. This includes recording transactions and posting of journals to the ledge, reviewing and approving the journal entries. This also includes managing all accounts within Trial Balance i.e. accounts receivable, accounts payable and daily bank reconciliation.
• Oversees the development and implementation of systems, and controls to ensure that costs are properly allocated and accounted for.
• Finalizing Financial statement of the company
• Ensuring the business practices are as per the Company standards.
• Overseeing the financial operations of the company.

People Management:

• Participate in the identification and recruitment of key talents for their respective Department
• Manage, guide and assist direct reports to perform their functional operations in accordance with set policies and procedures
• Set performance objectives, provide necessary support, evaluate/appraise the team and provide regular feedback on performance

Uphold a high-performance working environment and promote the Organization’s Values