Chief Accountant

Enova by Veolia; Saudi Arabia; On-site; SAR 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a seasoned finance professional to oversee all accounting and finance duties. This role involves managing cash flow, ensuring compliance with local regulations, and optimizing financial processes. With a focus on team collaboration and effective communication, you will support key stakeholders and drive financial performance. Join a dynamic team that values efficiency and innovation, where your expertise will contribute to significant improvements in financial management and reporting. This position offers a unique opportunity to make a meaningful impact in a forward-thinking environment.

Qualifications

• 10+ years of financial experience with strong analytical skills.
• Must have team management and communication skills for presenting analyses.
• Experience with VAT, Corporate Tax, and ERP systems preferred.

Responsibilities

• Manage and control all accounting and finance related duties.
• Drive cash flow management and ensure compliance with tax regulations.
• Supervise preparation of financial statements and departmental reports.

Skills

Analytical Skills

Team Management

Communication Skills

Advanced Excel

Financial Statement Preparation

Local Accounting GAAP Knowledge

Taxation Knowledge (VAT, Corporate Tax)

Education

Bachelor's Degree in Accounting/Finance

Professional Accounting Qualification (ACCA, CIMA, etc.)

Tools

Microsoft Navision

D365

Job description

Job Purpose

Manage and control all accounting and finance related duties, including but not limited to ensuring accurate, complete, and timely maintenance of accounting records in accordance with local laws, regulation, accounting standards, and group policies.

Key Accountabilities

• Business partnering, supporting key stakeholders, Business development and other departments with all financial queries and requirements to ensure timely and effective support and resolution.
• Drive cash flow management including funding, vendor payment management, client billing and collection, inventory management, working capital control and improvement, cost optimization.
• Lead commercial related finance requirements including financial security, insurance and tax recovery.
• Tax planning, audit and other regulatory filings.
• Support group internal control, risk management and compliance through the implementation and deployment of policies and procedures. Actively contribute towards process optimization and improvement to enhance efficiency and controls.
• Liaison with accounting, audit, tax service providers and authorities on behalf of Enova.
• Liaison, in coordination with HQ treasury, with local banks for all business requirements.
• Provide insights and support in management reporting, planning and budgeting.
• Ensure the general ledger, accounts receivable, accounts payable, assets, other liability accounts, equity accounts, adjustments and reconciliation of accounts are maintained correctly.
• Supervise the preparation of timely and accurate departmental schedules and reports to meet ENOVA and department's requirements, policies, and standards, in addition to verifying the monthly input data for ENOVA management and shareholder reporting.
• All relevant schedules are to be updated and are available and fully reconciled monthly as per timelines.
• Monitor and make sure that all balance sheets schedules are updated, uploaded to shared drive and signed wherever required, as per closing timelines.
• Manage Inventory count, reconciliation with system and coordinating with operations, procurement, and auditors.
• Manage Fixed Assets count, Tagging, reconciliation and coordinating with operations, procurement, and auditors
• Provide support for standardization / improvement for Inventory, Fixed Assets, and other accounting areas.
• Coordinate and supporting for client and vendor contractor reviews for LC, Guarantee and payment term requirements.
• Coordinate for Vendor and client Guarantees and LC submissions.
• Ensure compliance with tax regulation (including team guidance, preparation, and processing of Corporate Tax, WHT, VAT, Transfer Pricing, E-Invoice, Payroll Tax, Social Security and other regulatory filings and payments in a timely manner.
• Ensure that payroll comparison and payroll tax calculation is correctly prepared and recorded in the books.
• Review and process monthly payroll payments.
• Take lead on Tax Returns / E-Invoicing / stamp tax / loan registration. Coordinate with authorities, lawyers, consultants, and PRO.
• Supervise the receiving, registration and verification of all invoices, service/ purchase orders and cheque requests related to Enova's projects, material and service purchases and ensure they are disbursed timely, they are complete, accurate and in compliance with payment terms and conditions
• Review and prioritize the invoices for payments through cheques and online transfers to ensure the payments are made timely and as per the terms and conditions.
• Automate invoice receiving, recording, payment and reporting process. Provide visibility to management on vendor payment status.
• Make sure that all Accounts Receivable invoices and credit notes are issued accurately and on time by the team.
• Ensure that customer accounts are regularly monitored, all due invoices are collected, proper follow up is done with customer/Enova operations, SOA are submitted to customer/Enova Operations, by the team
• Provide guidance to the team on any delayed payments or irregularities and recommend suitable remedial / legal actions to them to ensure payment issues are resolved timely.
• Make sure that the proper process is in place for recording any Bad Debts transaction and IFRS9 / ECL reporting.
• Implement policies and procedures for the assigned area of accounting, to maintain financial security and ensure alignment with necessary best practice and regulations.
• Provide support in the audit process as required, through provision of accounting and financial data and reports and assist in implementing and following up on the audit actions in order to ensure compliance the required standards and accounting regulations.
• Ensure submission of accurate and timely monthly entity financial statements and Project Financials for each project.
• Review of Project Financials with operations and FP&A.
• Monitor and submit daily/weekly/monthly reports as per timelines agreed on Balance Schedules / Cash position / Cash Forecast / Receivable Aging and Forecast / Payables Aging and Forecast / Collection status / Open PO status / Bank Reconciliations, Related Party Reports.
• Scrutinize the P&L and Balance sheet accounts monthly and analyze for discrepancies, variances and implement corrective actions.
• Check monthly input data for Related Parties and submit group reporting as per deadlines.
• Liaison with and provide all relevant information to Internal and External Auditors
• Make sure that audited financials are finalized and signed-off as per the timelines agreed with the group.
• Abide by the Health, Safety, Environmental and Quality, (HSEQ) policy, procedures necessary for the good conduct and safety of the workplace. It is a requirement and moral obligation of each employee to be actively committed and accountable to the compliance of Enova's HSEQ policy, operating procedures, as well as being compliant with local legislation. The Employee shall seek clarification and guidance in specific cases or whenever one feels necessary.
• Develop a pro-active working relationship with all authorities and assist in establishing areas for service improvement.

Qualifications, Experiences, Skills

• Bachelor's degree in accounting / finance; and a professional accounting qualification such as ACCA, CIMA, ICWA, CMA etc. with relevant FP&A analysis background is acceptable background for entry into this position.
• 10+ years of financial experience. Big-4 experience will be an advantage but not mandatory.
• Strong analytical and Local Accounting GAAP knowledge is required.
• Must be well versed in financial statement preparation.
• Team management skills, communication skills, particularly regarding presenting the results of analyses to management.
• Advanced Excel skills.
• Application of VAT, Corporate Tax, WHT, Payroll Tax, Social Security, Stamp Tax, Central Bank requirements, E-Invoicing and other taxation would be highly preferred.
• Strong experience of working with ERP such as Microsoft Navision / D365 would be preferable.