Senior Manager - Capital Accounting

久位; Saudi Arabia; On-site; SAR 200,000 - 300,000; Full time

Job summary

A leading company in Saudi Arabia is seeking a Capital Accounting Senior Manager to oversee the capital accounting team. This role involves ensuring accurate financial management of projects, enhancing accounting capabilities, and fostering collaboration across teams. Ideal candidates will have extensive experience in project accounting and stakeholder management.

Qualifications

• 10+ years of experience in project and asset accounting.
• Experience managing audits and large infrastructure programs.
• Strong knowledge of IFRS and financial data handling.

Responsibilities

• Manage and deliver the capital accounting team.
• Ensure accurate financial management of projects.
• Facilitate collaboration with commercial and technical teams.

Skills

Project and asset accounting

Stakeholder management

Financial data analysis

Accounting principles

Cross-functional collaboration

Tools

SAP S/4HANA

Oracle PMIS

Excel

PowerPoint

Job description

OVERVIEW

NEOM is an accelerator of human progress and a vision of what a new future might look like. A region in northwest Saudi Arabia on the Red Sea, NEOM is being built from the ground up to include hyperconnected, cognitive cities, ports, next-generation infrastructure and industries, enterprise zones, research centers, sports and entertainment venues and tourist destinations.

As a destination, it will be a home for people who dream big and want to be part of building a new model for exceptional livability, creating thriving businesses and reinventing environmental conservation.

As a workplace, it is a place for people who share our core values of care, curiosity, diversity, passion, respect, and becoming a catalyst for change.

Are you ready to help NEOM find solutions to the world’s most pressing challenges? Are you prepared to create a legacy that benefits generations to come? Then we want to hear from you!

ROLE OVERVIEW

The Capital Accounting Senior Manager is responsible for the management and delivery of the capital accounting team, ensuring the team fully understands capital progress in each Region / Sector and all assets are fully documented, as well as working as acting as an escalation route from the Regions and Sectors. The holder will work closely with Projects and the Businesses to ensure projects are properly monitored and accounted for and making sure that Financial Reporting & Control is aware and proactively engaged with all current developments. The role holder will assist in the development of management systems, processes and procedures to ensure appropriate accounting, reporting and control for all NEOM project activities.

REQUIREMENTS SUMMARY

• Assess and execute on identified key priorities for Group Capital Accounting and Financial Control for continued enhancement of capital accounting capabilities
• Lead your team and ensure it coordinates closely with the Commercial and Technical teams to, in turn, enable accurate and timely financial management of projects and related contracts within the organization, assessing and reporting the costs, key variances, financial status, appropriate categorization and valuation of CWIP and Fixed Assets and ensuring that operational assets are capitalized promptly.
• Ability to use professional knowledge and skills in Transactional & Financial Accounting Principles, including CWIP accounting, cost allocation, account reconciliations and controls, combined with a high degree of diligence to contribute proactively to continuous improvement of organization’s accounting, reconciliation processes, policy enhancement and standards.
• Help to create an organizational environment that facilitates close cross functional collaboration with commercial and technical teams to ensure projects are properly tracked and accounted for, especially in relation to the timely recording and reconciliation of incurred costs;
• Work to ensure the Capital accounting team is adequately resourced for planned business activities by NEOM.
• Ensure the Regions and Sectors are reporting consistent financial information and that SAP S/4HANA, PS (Project System) and Oracle PMIS are aligned

ROLE COMPETENCIES & ACTIVITIES

The Capital Accounting Senior Manager responsibilities will include, but not be limited to:

Stakeholder Management

• Analyze stakeholders’ needs, interests, and influence to prioritize engagement strategies.
• Develop and implement stakeholder engagement plans tailored to different stakeholder groups.
• Build and maintain strong relationships with stakeholders through regular communication and meetings.
• Act as the primary point of contact for stakeholders, addressing their concerns and providing updates on relevant activities.
• Manage the dissemination of information, ensuring timely and accurate communication.
• Work closely with internal teams, including communications, project management, and legal, to ensure stakeholder interests are aligned with organizational objectives.
• Identify and address potential conflicts or issues with stakeholders proactively.
• Mediate disputes or misunderstandings, ensuring that resolutions are in the best interest of both the stakeholders and the organization.

Change Management

• Stay informed about best practices in stakeholder management and apply them to enhance engagement strategies.
• Seek feedback from stakeholders to continuously improve the quality of engagement and communication.
• Promote transparency and accountability in all interactions with stakeholders.
• Identify potential risks associated with the change and develop strategies to mitigate them.
• Develop a strategy that outlines the approach, resources and timelines for implementing the change.

Project Management

• Provide regular reports to senior management on stakeholder engagement status, risks, and opportunities.
• Use feedback and data to refine and improve stakeholder management strategies.
• Coordinate stakeholder involvement in projects, ensuring their feedback is integrated into planning and decision-making processes.
• Track and monitor stakeholder engagement activities and their impact on project outcomes.

Leadership

• Lead the Capital Accounting Team on a day-to-day basis
• Prepare and deliver presentations, reports, and other communication materials tailored to stakeholder needs.
• Ensure that all stakeholder engagement activities comply with the relevant regulations and ethical standards.
• Utilize data analytics to drive strategies and decisions.

Culture and Values

• Embrace NEOM’s culture and Values https://www.neom.com/en-us/about
• Act with honesty and integrity by following best practices, and upholding the robust standards and expectations set out in NEOM’s Code of Conduct.
• Maintain fair, ethical and professional work practices in accordance with NEOM’s Values and Code of Conduct.
• Adhere to NEOM’s Policies, procedures, and controls to ensure compliance with rules.

EXPERIENCE & QUALIFICATIONS

Knowledge, Skills and Experience

• 10+ years of experience in project and asset accounting
• Significant experience in managing audits
• Experience working on large infrastructure or real estate programs
• Strong knowledge of IFRS
• Exposure and interaction with SAP and / or Oracle project accounting and asset management.
• Highly skilled in dealing with financial and numeric data
• Highly skilled in use of Excel / PowerPoint;
• Excellent verbal skills;